News

NagaCorp casino profits swell to $173M

Cambodian casino operator NagaCorp Ltd. posted a net profit of $172.6 million last year, a 27 per cent increase over the previous year, attributing the surge to increased business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh. Gross gaming revenue (GGR) ...

Meth bust on Lao border nets $100K in pill form

Five Laotian nationals were arrested late on 1 February afternoon as they prepared to smuggle 24,000 methamphetamine tablets with a street value of nearly $100,000 into Cambodia, according to Meas Vyrith, secretary-general of the National Authority for Combating Drugs. The bust, which took place in the Lao ...

Rice, garment sectors push exports into record territory

Cambodian exports grew by 17 per cent last year, driven by increases in shipments of rice and footwear, with garment export growth easing to a little under 7 per cent, according to a new Ministry of Commerce report. Outbound shipments in 2015, consisting mainly of rice, ...

Boeung Kak protesters pelt World Bank office with eggs

Villagers evicted by the development of Boeung Kak lake took their protest to the World Bank headquarters in Phnom Penh on 1 February, demanding to meet with the bank’s Cambodia country manager, Alassane Sow, and pelting the building with eggs after being rebuffed. Keep reading ...

Labour unrest continues

An ongoing labour dispute turned violent on 1 February after striking garment workers in Kandal province said they were attacked by security guards, while in a separate case involving labour-related violence, a prominent union leader was summonsed for questioning over a scuffle he has publicly accused ...

Official details Cambodia's drug problems

Cambodia’s drug czar on 1 February described a prison and rehab centre system in which drugs were being sold under the noses of the authorities and suggested police estimates of the number of drug users in Cambodia were “not enough” as he spoke at the Interior ...

Vietnam misplanted posts on border: academic

Vietnam planted border posts between 5 and 50 metres inside Cambodian territory during the late 1980s, researchers from the Royal Academy of Cambodia said on 31 January. Sok Touch, the director of border research at the academy, said there are three distinct sets of border posts ...

Price wars to subvert gains made by SMEs

Cambodian entrepreneurs and business leaders on 30 January stressed the challenges for firms in the hospitality and retail sectors that adopt an aggressive pricing policy, suggesting a more value-added approach instead. At the 2nd Global Alumni Convention – a forum that brings together Cambodian graduates who studied ...

Students debate forest protection measures

A group of university students in Phnom Penh on 31 January organised a debate on how to protect Prey Lang, with the winners standing to receive a trip to the critical forest preserve. The “Prey Lang Forum”, held at Zaman University in Phnom Penh, sought to raise ...

Company denies illegal logging allegations

A company owned by a tycoon accused of logging vast stretches of forest in Cambodia’s Virachey National Park on 28 January fired back at its detractors, claiming that it paid the state more than $1 million in taxes and was cleared by a recent anti-illegal logging ...

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