Business and Market
Naga Corp Earns Net Profit of US$52 million in H1 2022
Hong Kong-listed NagaCorp Ltd, the operator of the casino resort monopoly in Phnom Penh, earned a total profit of US$52 million in the first half of 2022. The figures were mentioned in a filing dated 18 July to the Hong Kong Stock Exchange. The profit of US$52 million is a major increase compared to a […]
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Asia’s Richest Woman Loses Half Her Wealth in China Property Crisis
Asia’s wealthiest woman lost more than half her fortune over the past year as China’s real estate sector was rocked by a cash crunch, a billionaire index showed on Thursday 28 July. Yang Huiyan is a Chinese-born billionaire businesswoman and property developer. She is the majority shareholder of Country Garden Holdings, a stake largely transferred […]
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Fifth Largest Bottle Manufacturer in the World Invests to Expand Market in Cambodia
Swire is a leading brand of beverage bottles in the United States and the fifth largest producer of Coca-Cola bottles in the world. Swire in Hong Kong recently announced a US$1.01 billion investment to expand the Coca-Cola market in Cambodia and Vietnam, according to Nikkei Asia on 18 July 2022. “This expansion of territories is […]
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MPWT Requires Road Infrastructure Construction Company Owners to Have a Licence
The Ministry of Public Works and Transport (MPWT) announced on 18 July 2022 that public entities and private companies wanting to renew their licences for any road infrastructure business or change the type of license must apply to the Ministry of Public Works and Transport at least three months before the license expiration. When applying […]
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143 Cambodia Casinos Applied for Annual Licence: Regulator
A total of 143 casinos in Cambodia have submitted their annual licensing application to the country’s gaming regulator. So far this year, only 13 licences have been issued, Ros Phirun, Secretary General at the Commercial Gambling Management Commission of Cambodia, told GGRAsia. “The law on commercial gambling management requires a minimum capital investment, plus the […]
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My Second Home Impel Cambodia to compete with Thailand
Cambodia My Second Home has impelled Cambodia to become a competitor to Thailand to attract foreign investors through real estate developments. This is according to pattayamail published on July 12, 2022. Cambodia My Second Home is not the same as the 10-year visa application for the new Thai Immigration Initiative, as it does not provide […]
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Singapore Launching First Taxi Drone Service in Early 2024
Singapore will use a modern and innovative way of transporting tourists to get new experiences and excitement with a 12-kilometre air drone that can fly up to two passengers. According to The Straits Time published on 12 July. This type of taxi drone was developed by the German company Volocopter and is expected to go […]
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Cambodia Imports US$185m of Iron & Steel in First Half of 2022
Cambodia imported a total of US$185 million worth of iron and steel in the first quarter of the year, up 20% from the same period last year. According to the General Department of Customs and Excise, the volume of steel and steel imports contributed about 1.2% of the total import value of US$15,864 billion, an […]
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More than 200 companies participated in 12th business networking party organised by CCA
Cambodia Constructors Association (CCA) with sponsors from three major companies, OCIC, TC and HTS to organize its 12th business networking with the participation of more than 200 business people. The event was held at Koh Pich in the City Hall on 8 July 2022, with the aim of providing an opportunity for all association members […]
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Cambodia Constructors Association Host the Election of Executive Committee Members for 5th Mandate
Cambodia Constructors Association (CCA) on 8 July 2022, prepared the election to support the Executive Committee of the Cambodia Constructors Association for the fifth mandate (2022-2025) at Koh Pich City Hall. In the fourth election for the Executive Committee, CCA elected new members to replace the old members who have mandates expired and support the […]
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