Business

Cambodians are paying as much as double the retail value of Apple’s newest iPhone in order to get ahold of the coveted device ahead of their official launch in the country.

September 30, 2014

Cambodia’s economy, a speculative and high-risk market, is likely to see a significant boost to capital injection when regional economic integration begins next year, according to a report released Monday by credit ratings agency Moody’s.

September 30, 2014

About 500 workers who have been on strike at a Chinese-owned footwear factory in Phnom Penh for the past two weeks protested in front of the Ministry of Labor yesterday asking for the government’s help in resolving the dispute.

September 30, 2014

Hundreds of millions of illegal cigarettes consumed in Asia last year were manufactured in Cambodia, which also lost an estimated $1.2 million in revenue from untaxed cigarettes smuggled into the country during that time, according to a report released earlier this month.

September 26, 2014

Cambodia’s economy is still expected to grow at 7 percent this year before picking up in 2015 due to the easing of political and labor tensions, the Asian Development Bank said on Thursday in an update to a report released earlier in the year.

September 26, 2014

Cambodia’s central bank will accept fixed-term deposits from local lenders, allowing them to earn interest on surplus cash while managing the country’s money supply, the National Bank of Cambodia said in a statement last week.

September 26, 2014

The price of shares in Cambodia’s largest casino operator, NagaCorp Ltd, have fallen sharply over the past six months due to waning investor confidence in gaming stocks and plummeting casino revenues in Macao, a gaming analyst said Tuesday.

September 24, 2014

Apsara International Air, a new joint Chinese-Cambodian airline, will launch flights between Phnom Penh and Siem Reap City later this month and an international route between China and Cambodia by the end of the year, an official at the State Secretariat of Civil Aviation confirmed Thursday.

September 19, 2014

Cambodia’s foreigner-dependent gaming industry could come under threat if Vietnam passes a law allowing its citizens to gamble in their home country, an official at the Ministry of Economy and Finance said Wednesday.

September 18, 2014

NagaCorp Ltd., which owns the NagaWorld casino in Phnom Penh, has commissioned an internal investigation into possible money laundering, the company said in a report released Monday.

September 17, 2014
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