Cambodia: Gaming firm cashes out of NagaWorld deal Fri, 8 July 2016 – Pan-Asian gaming company Entertainment Gaming Asia Inc (EGA) will sell 670 of its electronic gaming machine (EGM) seats placed at NagaWorld casino in Phnom Penh to an unnamed Cambodian firm for $2.5 million, the Nasdaq-listed company announced on Wednesday. The sale terminated […]
Read MoreCambodia: Rice sector continues its struggle in first half Fri, 8 July 2016 – Cambodian rice exports decreased nearly 6 per cent year-on-year during the first semester, reinforcing concerns about the future of the rice industry, the Kingdom’s most important agricultural sector. A report released yesterday by the Secretariat of One Window Service for Rice […]
Read MoreCambodia: Travel goods exports could soar as US drops tariffs Thu, 7 July 2016 – New trade privileges that allow Cambodian-manufactured travel goods duty-free access to the United States for the first time could see exports of these items increase by over 400 per cent in the coming years, industry experts said yesterday. An amendment […]
Read MoreCambodia: Angkor Wat continues to lure foreign tourists Wed, 6 July 2016 – Revenue from ticket sales at the Angkor Archaeological Park complex in Siem Reap province, the site of Angkor Wat, increased slightly during the first half of the year, compared to the same period in 2015, new figures from the state-run Angkor Institution […]
Read MoreCambodia: Payment card gains traction Wed, 6 July 2016 – MasterCard, the plastic payment-card brand of global financial services firm MasterCard Worldwide, has been present in the Kingdom since 2001, but until recently it was relatively unknown to most Cambodians. However, there are signs its signature debit and credit cards are poised for robust growth […]
Read MoreCambodia’s economic status raised to lower-middle income Tue, 5 July 2016 – The World Bank has officially revised the status of Cambodia?s economy, moving it up a rung from the low-income bracket into lower-middle income territory ? a reclassification that economists expect will lead to a scale-back of foreign aid and preferential trade access over […]
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