News

In Cambodia, Cyber Casinos Fall Into a Legal Gray Area

In 2010, the Ha Tien Vegas Entertainment Resort, a casino investment on Kampot province’s border with Vietnam that included luxury karaoke rooms and suites, launched with high hopes of attracting Vietnamese gamblers. At the end of December, Ha Tien Vegas closed down. To the north, in ...

http://www.cambodiadaily.com/selected-features/in-cambodiacyber-casinos-fall-into-a-legal-gray-area-38322/

Cambodia attracts over 2 mln foreign tourists in first half

Cambodia received 2.09 million international visitors in the first six months of the year, up 19 percent compared with the 1.75 million tourists over the same period last year, figures from the ministry of tourism showed Saturday. Tourism is one of the sectors supporting the ...

http://news.xinhuanet.com/english/world/2013-08/03/c_132598966.htm

First Park Hyatt in Southeast Asia opens in Siem Reap

Hyatt Hotels Corp has announced the opening of the first Park Hyatt in Southeast Asia in Siem Reap. The announcement Wednesday said the reopening of the former Hotel De La Paix in downtown Siem Reap followed a 14-month renovation by award-winning interior designer Bill Bensley. “We are ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YTJhYWQ3Mzc1NjI

Revenues up at mail service, but not locally

Revenue at the Cambodia Post (CP), the country’s mail service provider, rose nearly $2 million in the first half of this year, a 10 per cent increase compared to the same period in 2012. But the service still handles mostly international shipments, and is failing ...

http://www.phnompenhpost.com/business/revenues-mail-service-not-locally

Election worries for tourists

Chris Leyland had forgotten about Cambodia’s national elections when he made plans to travel into Phnom Penh from Vietnam with Jess Jackson, 34, and her two children. Had Leyland, a 41-year-old from Oxford, UK, remembered that it wasn’t going to be a normal weekend in Cambodia, ...

http://www.phnompenhpost.com/business/election-worries-tourists

Dragonair to fly to Siem Reap

Joining a growing number of airlines connecting to Angkor Wat’s gateway, Dragonair will fly between Hong Kong and Siem Reap in October. The Hong Kong-based subsidiary of Cathay Pacific said in a statement last week that it will start the seasonal service on October 29 and ...

http://www.phnompenhpost.com/business/dragonair-fly-siem-reap

Shops to close, limit hours

Many restaurants, shops, supermarkets and tourist sites in Phnom Penh and Siem Reap will operate at a limited capacity or close entirely this Sunday as Cambodians line up at voting stations to elect a new government. Despite the closures, Ang Kim Eang, president of the ...

http://www.phnompenhpost.com/business/shops-close-limit-hours

Satellite system will save fuel and routes

Phnom Penh International Airport’s navigation system will be upgraded today with the installment of a new satellite-based system that aims to improve efficiency and reduce fuel usage, an aviation official said. Chhun Sivorn, director of the Air Navigation Standards and Safety Department of the State Secretariat ...

http://www.phnompenhpost.com/business/satellite-system-will-save-fuel-and-routes

Google to map streets of capital, Angkor Wat

People around the world will soon be able to go online and view close-up pictures of Phnom Penh’s streets and the temples of Angkor Wat, Google representatives announced in Phnom Penh. Google Street View is using cars with special 360-degree panoramic cameras to collect the imagery. ...

http://www.phnompenhpost.com/business/google-map-streets-capital-angkor-wat

U.S. Ambassadors Fund to give grants for Cambodia preservation

The U.S. Embassy has just announced it will be awarding grants to two recipients for the 2013 U.S. Ambassadors Fund for Cultural Preservation in Cambodia. The Archaeology and Development Foundation is the first recipient and will receive $47,000 to implements it’s proposal called the “Documentation of ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZjYxOGFmM2ExNDk

Cambodia very lucrative for investors

Economic diversification is attracting substantial sums of FDI from China and beyond. Rich in history and culture and blessed with wonderful natural and human resources that are driving its impressive economic growth and attracting record sums of foreign direct investment (FDI), the Kingdom of Cambodia offers ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZTk3NDYwNTAyZjc

Bavet border crossings up 6.2%

The number of foreigners arriving into Cambodia from its biggest border with Vietnam at the Bavet international crossing in Svay Rieng province increased 6.2 per cent in the first six months of this year compared with the same period in 2012. Data from the checkpoint show ...

http://www.phnompenhpost.com/business/bavet-border-crossings-62

Chartered carrier takes off

Newly established Wat Phnom Airlines completed its maiden flight to Taiwan’s Taoyuan International Airport on July 10. But its predecessor, grounded Tonlesap Airlines, is said to owe the same airport more than $50,000 in landing fees. The local chartered carrier “is officially in business after it ...

http://www.phnompenhpost.com/business/chartered-carrier-takes

Angkor Wat revenue at $51 million for last year

Revenue from foreign tourists buying passes to see temples in Siem Reap’s Angkor Wat complex amounted to about $51 million last year, according to a Post calculation of data that was released Friday in a letter by the Apsara Authority, which manages the site. [Bun] Narith ...

http://www.phnompenhpost.com/business/angkor-wat-revenue-51-million-last-year

Thai AirAsia on Siem Reap price war

Thai AirAsia (TAA) is breaking into the Bangkok-Siem Reap segment long dominated by Bangkok Airways in a move reflecting Cambodia’s new directive to open up its top destination for mass tourism. TAA secured permission from Cambodian authorities to launch a daily service starting on Oct ...

http://www.bangkokpost.com/business/aviation/360031/taa-ready-for-price-war-on-new-siem-reap-route

Some 1,368 new firms registered in Cambodia in H1, down 19%

The Ministry of Commerce said Monday that it has granted operating licenses to 1,368 new companies in the first half of this year, down 19 percent compared with the 1,694 firms over the same period last year. ...

http://news.xinhuanet.com/english/business/2013-07/15/c_132543010.htm

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