Direct Japan Flights Begin Tomorrow

31 August 2016

The first direct flight from Tokyo’s Narita Airport is expected to arrive at 3:10pm tomorrow, kicking off the new daily direct flight service between Cambodia and Japan. That is very good for Cambodia and Japan to tie up bilateral business trade increasable. That could attract more investors to Cambodia.

Source:

http://www.khmertimeskh.com/news/29129/direct-japan-flights-begin-tomorrow/

Deeper economy drives growth

31 August 2016

Cambodia’s economy will remain robust for the rest of this year with a growth rate of 7% despite global economic uncertainty, driven largely by the growth of the garment and service sectors. Cambodia collected $888 million in customs tax this year, and increase of 27%. The policymakers need to tackle the growing disparity in wealth and make economic growth more inclusive.

Source:

http://www.phnompenhpost.com/business/deeper-economy-drives-growth

Oxley remains upbeat on real estate projects

31 August 2016

Oxley Holdings Ltd, the Singaporean joint-venture partner behind the $500 million mixed-used development The Peak and the $300 million The Bridge, was still seeing positive sales growth in the two projects of The Bridge and The Peak. Buyers are increasingly shifting toward quality condominium developments.

Source:

http://www.phnompenhpost.com/business/oxley-remains-upbeat-real-estate-projects

Port officials chart course for maritime trade growth

31 August 2016

Port officials from ASEAN member states gathered in Phnom Penh yesterday to discuss ways of improving the region’s cargo port system and further standardising maritime trade procedures. It will discuss issues related to cargo clearance systems, implementing greater use of electronic management of goods and simplifying documentation requirements.

Source:

http://www.phnompenhpost.com/business/port-officials-chart-course-maritime-trade-growth

Cambodia To Have a 10 MW Solar Farm in Six Months

31 August 2016

Cambodia will put into use a 10-megawatt solar farm in the next six months. This is the first solar farm in Cambodia. It is located in Bavet city, Svay Rieng province. This US$12.5 million solar farm project will generate energy for the provincial use, and the energy will be also connected to the national grid.

Source:

http://www.akp.gov.kh/?p=86243

Minister of Mines and Energy Visits a Coal Power Plant Construction Site in Preah Sihanouk Province

31 August 2016

Cambodia’s Minister of Mines and Energy paid a visit to the construction site of a coal power plant in Stung Hav district, Preah Sihanouk southwestern province, yesterday. Currently, coal is one of major energy sources in Cambodia beside fossil fuels, biomass, hydro, and solar energy.

Source:

http://www.akp.gov.kh/?p=86260

Phnom Penh's NagaWorld casino targeted in audit

30 August 2016

The government is conducting an audit of NagaWorld in Phnom Penh to assess its tax liabilities on non-gaming operations after finding “discrepancies” last year that prompted the first-ever government probe of the landmark casino and entertainment complex’s finances.

Source:

http://www.phnompenhpost.com/business/phnom-penhs-nagaworld-casino-targeted-audit