Logo of Phnom Penh Post newspaper Phnom Penh Post - Business

Emirates Airline joins a number of carriers who have decided to suspend flights over the Strait of Hormuz. BEHROUZ MEHRI/AFP

World’s top airlines halt Hormuz flights amid higher Iran-US tensions

Publication date 24 June 2019 | 17:48 | ICT

SOME of the world’s leading carriers including British Airways (BA), Qantas and Singapore Airlines on Friday suspended flights over the Strait of Hormuz, as Iran-US tensions flared over the downing of a drone.

Latest

[name_1]

  • Sri Lanka seeking $1 billion Chinese loan for infrastructure

    Publication date 24 June 2019 | 16:46 | ICT

    SRI Lanka is seeking a loan of nearly $1 billion from China for energy and highways as the island recovers from the devastating Easter Sunday bombings, the finance ministry said on Thursday.

  • Former prime minister Najib Razak has been hit with dozens of charges linked to the 1MDB scandal, and has been on trial since April.STR/AFP

    Malaysia launches legal action to recover millions from 1MDB

    Publication date 24 June 2019 | 16:23 | ICT

    MALAYSIA has launched legal action to recover about $65 million stolen from scandal-hit state fund 1MDB, much of it from groups connected to the ousted former regime, anti-corruption authorities said on Friday.

  • Phnom Penh-Jakarta direct flight launched

    Publication date 24 June 2019 | 10:23 | ICT

    Direct flights between Cambodia and Indonesia officially began on Friday, and the Kingdom expects to attract more tourists from the world’s largest Islamic country.

  • NBC set to hold annual meet highliting agricultural issues

    Publication date 24 June 2019 | 09:41 | ICT

    The National Bank of Cambodia (NBC) is set to hold the 6th Annual Macroeconomic Conference at the end of this year, which will focus on the Kingdom’s agriculture sector challenges.

  • Gov’t: No Chinese goods skirting US tariffs at SSEZ

    Publication date 24 June 2019 | 07:49 | ICT

    No Chinese goods have been found to be exported from Cambodia to the US to avoid US-imposed tariffs on China, a Ministry of Commerce statement said on Sunday.

  • Premier Li to global CEOs: China to further open up

    Publication date 21 June 2019 | 14:16 | ICT

    Chinese Premier Li Keqiang vowed on Thursday to further open up China’s economy during a meeting with CEOs from top global companies amid simmering trade tensions with the US.

  • HAGL Agrico set to sell rubber firm to Thadi

    Publication date 21 June 2019 | 13:49 | ICT

    Hoang Anh Gia Lai Agrico (HAGL Agrico) plans to sell its 100 per cent of its stake in Dong Duong Rubber Investment and Development Co Ltd to Thadi Agriculture Production And Processing Joint Stock Company.

  • Regional growth to reach six per cent, says Thailand study

    Publication date 21 June 2019 | 13:41 | ICT

    Cambodia, Laos, Myanmar and Vietnam (CLMV) will see continued firm growth, but risks arise from China’s economic slowdown and country-specific challenges, a Thai report has said.

  • RoK, telecom firms announce seven year 5G growth plans

    Publication date 21 June 2019 | 13:08 | ICT

    The South Korean government on Wednesday unveiled extensive schemes to expand industries related to the fifth-generation cellular network (5G), with an aim to boost the Korean companies’ global market share in 5G network equipment and smartphones.

  • Siam Kubota Corporation plans to triple sales reach in Myanmar

    Publication date 21 June 2019 | 11:35 | ICT

    In response to surging demand for quality machinery in Myanmar’s agriculture sector, Siam Kubota Corporation is planning to triple the reach of its distribution network over the next five years, said Chalermchai Kittibuntorn, a manager at the firm’s engine and power tiller department.