Donaco rises on stellar performance of Poipet casino

30 November 2016

Donaco, casino complex in Poipet on the Cambodian-Thai border, contributed nearly 84 percent of the group’s A$143.4 million (US$107 million) in revenue during the 2016 fiscal year ending June 30, and 71 percent of its A$78.7 million after-tax profits.

Source:

http://www.phnompenhpost.com/business/donaco-rises-stellar-performance-poipet-casino

China, Cambodia to Share Credit Reports

25 November 2016

The central banks of Cambodia and China are in talks to share customers’ credit reports in an effort to boost bilateral private investment. China is a major investor in Cambodia, having given $2 billion in grants, loans and direct assistance since 1990. Cambodia and China are targeting bilateral trade of $5 billion for 2017, up from $3.75 billion in 2014.

Source:

http://www.khmertimeskh.com/news/32409/china--cambodia----to-share-credit-reports/

China-Japan $2.3 Billion Property Deal

25 November 2016

China’s Anbang Insurance Group Co is in talks to buy as much as $2.3 billion in Japanese residential property assets from Blackstone Group including properties in Japan’s largest cities – Tokyo, Nagoya and Osaka – that Blackstone bought in 2014 from GE’s property unit for 190 billion yen.

Source:

http://www.khmertimeskh.com/news/32410/china-japan--2-3-billion-property-deal/

Korean Air to Stop Flights

25 November 2016

Korean Air, South Korea’s largest airline, announced yesterday that due to low passenger demand it would suspend all Incheon-Siem Reap direct flights from February next year. In the first nine months of the year, some 264,000 South Koreans visited Cambodia, a fall of 11 percent compared with the same period last year.

Source:

http://www.khmertimeskh.com/news/32405/korean-air-to-stop-flights/

Chinese to join in $1.5B satellite city project

24 November 2016

Cambodian conglomerate LYP Group is preparing to ink a $1.5 billion deal with China’s largest private investment group to develop a subdivision within a 2,000-hectare satellite city the group is building north of the capital. The project will begin next year inside Garden City.  

Source:

http://www.phnompenhpost.com/business/chinese-join-15b-satellite-city-project

Kingdom’s insurance sector small yet vibrant

24 November 2016

Gross premiums in Cambodia grew by 38.4 percent in 2015, while total insurance premiums in ASEAN as a whole grew by 2.9 percent during the same period. The data showed that insurance market is still growing in the Kingdom with gross written premiums reaching $84 million in 2015, compared to $61 million in 2014.

Source:

http://www.phnompenhpost.com/business/kingdoms-insurance-sector-small-yet-vibrant

Minebea readies third factory

24 November 2016

Japanese electronics manufacturer Minebea expects to complete construction of its third factory in Cambodia by the end of the year. The expansion of this factory is to manufacture micro actuators and small motors at two existing factories inside the Phnom Penh Special Economic Zone, brings its total investment to $100 million since 2011.

Source:

http://www.phnompenhpost.com/business/minebea-readies-third-factory