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Business

A garment worker performs quality control checks on a jacket at a factory in Phnom Penh
Wed, 17 September 2014

Orders sliding in ’14: GMAC

Continued instability in the garment sector has led the Garment Manufacturers Association in Cambodia (GMAC) to forecast a bleak outlook for the rest of 2014.

Wed, 17 September 2014

EU gives $3.9 million to attract investment

The European Union will spend €3 million ($3.9 million) on a program to encourage small and medium enterprises to invest in Cambodia.

Traffic passes the NagaWorld casino in Phnom Penh last month. NagaCorp has acquired three aircraft with the aim of increasing VIP junket patronage at NargaWorld
Wed, 17 September 2014

NagaCorp’s Chinese gamble

More details have emerged of casino operator NagaCorp’s concerted effort to target the Chinese gaming market, with the release of an investor conference call transcript dated August 7.

Tue, 16 September 2014

Audi opens dealership in capital

Automotive Asia (Cambodia), the only authorised dealer of Audi vehicles in Cambodia, opened its first showroom in Phnom Penh yesterday.

A Chinese national waits with his passport to disembark a plane at Phnom Penh International Airport late last month
Tue, 16 September 2014

Green-lit airlines target China

Cambodia's aviation authority yesterday approved operations for the first of three Chinese market-focused airlines, all of which are expected to take to the skies by the end of the year.

Mon, 15 September 2014

Sri Lankan firm buys local MFI

US-based investment bank Developing World Markets Asset Management (DWM) has sold the controlling stake in Cambodia’s fifth-largest microfinance institution, Thaneakea Phum Cambodia (TPC).

Traffic passes the Sonatra Securities office yesterday in Phnom Penh
Mon, 15 September 2014

Sonatra takes one-year hiatus

Local stock brokerage company Sonatra Securities has announced it will completely dilute its books and put a halt on all business activities from October 1.

Fri, 12 September 2014

Gov’t to mull its ban on gaming

As neighbouring countries are increasingly looking to loosen gambling restrictions for their citizens, the Cambodian government said yesterday it is considering the possibility of someday following suit.

Sandy Monteiro, president of Universal Music Group International
Fri, 12 September 2014

Universal: a Smart connection

Universal Music Group this week signed an exclusive deal with Smart to distribute and resell digital content. Sandy Monteiro, president of Southeast Asia for UMG discusses the partnership.

Thu, 11 September 2014

AAA indefinitely halts direct flights to Japan

After launching its maiden flight from Phnom Penh to Tokyo only last week, Asia Atlantic Airlines (AAA) will cease its Cambodia-Japan connections indefinitely as of November, a company representative told the Post on Tuesday.