Thai king’s death bad luck for border casino

27 February 2017

Casino operator Donaco International Ltd reported that its revenue fell by 14.3 percent to $45 million during the six-month period after the death of the Thai monarch. The Cambodian casino saw revenue fall by 16 percent to $34.3 million as daily foot traffic slowed by 15 percent compared to the same time the previous year.

Source:

http://www.phnompenhpost.com/business/thai-kings-death-bad-luck-border-casino

Electricity $4.4B closer to sufficiency

27 February 2017

Over $3.2 billion was invested last year into increasing domestic electricity production, with an additional $1.2 billion sunk into infrastructure.

Source:

http://www.phnompenhpost.com/business/electricity-44b-closer-sufficiency

Bentleys to be sold in Cambodia

24 February 2017

Bentley Motors Group, which is based in the United Kingdom, has collaborated with and has now authorized the Cambodian-based HGB Group to bring the upmarket Bentley cars into the local market starting on February 22. In one year, Britain produces approximately 1.6 billion units.

Source:

http://www.khmertimeskh.com/news/35806/bentleys-to-be-sold-in-cambodia/

Kingdom sees major increase in United States investment

24 February 2017

US injections of capital into Cambodia ballooned from about $7.5 million in 2015 to almost $122 million in 2016. Total exports from Cambodia to the US were more than $2.8 billion last year compared with more than $3 billion in 2015.

Source:

http://www.khmertimeskh.com/news/35808/kingdom-sees-major-increase-in-united-states-investment/

Mining revenue rises on improved collection

24 February 2017

The Ministry of Mines and Energy collected $20.3 million in non-tax revenue last year, a 20 percent increase over the previous year. The Ministry of Mines and Energy approved a total of 401 licences for mining of minerals for construction by the end of 2016 while granting 61 licences for mining exploration.

Source:

http://www.phnompenhpost.com/business/mining-revenue-rises-improved-collection

KrisEnergy to consider selling stake in Block A

24 February 2017

Singapore-listed KrisEnergy Ltd is considering selling or farming out a stake in its Cambodia Block A offshore oilfield to ease its debt burden.  Block A contains Cambodia’s only confirmed oil deposit and has been estimated to hold 700 million barrels of oil as well as 3 trillion to 5 trillion cubic feet of natural gas.

Source:

http://www.phnompenhpost.com/business/krisenergy-consider-selling-stake-block

Meat imports rack up $100M tab

24 February 2017

Cambodians spent over $100 million on imported 280,000 tonnnes of meat last year, further widening the gap of domestic supply as local producers failed to capture the lucrative protein market. The meat consumption will grow to 290,000 tonnes next year and reach 300,000 tonnes by 2020.

Source:

http://www.phnompenhpost.com/business/meat-imports-rack-100m-tab