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As part of an ambitious plan to rebrand one of Cambodia’s smallest mobile phone operators, a Hong Kong-backed telecommunications firm plans to invest $400 million over the next two to three years to construct the country’s fastest 4G network, the company’s general manager said Monday.
NagaCorp Ltd., the owner of NagaWorld Hotel and Casino in Phnom Penh, saw its yearly gross gaming revenue increase by 17 percent compared to 2013 and its nongaming revenue rise by 14.4 percent, according to the company’s filing Wednesday on the Hong Kong stock exchange.
Cambodia’s flourishing airline sector is expected to witness further growth this year as two new companies begin operating international flights, according to a report released Friday by the Australia-based Center for Asia Pacific Aviation.
Cambodia has the fastest-growing aviation sector in Southeast Asia, with passenger numbers surging 13 percent in 2014 as a result of an increase in visitors from China, according to a report released Thursday by the Australia-based Center for Asia Pacific Aviation.
Three people were killed Friday when a Cambodian-flagged cargo ship sank off the coast of Japan, according to news agency reports. Both Chinese state news agency Xinhua and Agence-France Presse said a total of 10 people were aboard the 1,915-ton ship when it began to sink late Thursday off the coast of Aomori prefecture in the Sea of Japan.
The government is planning to install surveillance equipment on the networks of Cambodia’s mobile phone operators and Internet service providers, a senior Interior Ministry official said Tuesday, vindicating concerns about inspections the ministry quietly conducted on telecommunications firms in October.
Police investigators in October visited the headquarters of mobile telephone and Internet service providers operating in Cambodia to examine their routers and other equipment, and to look at the companies’ billing records and data logs, according to documents obtained last month and an interview with a senior police official.
Four Cambodians and an Australian national were killed Tuesday in an apparent electrical fire at a nightclub in Siem Reap City, yet again raising concerns about the disregard for fire safety standards in Cambodia.
More Cambodians are using Khmer script on their mobile phones, a likely result of increased demand to communicate in their native language on social networks, according to the author of a study released Friday.
Pirate Bay founder Gottfrid Svartholm, who fled to Cambodia in 2009 to avoid a prison sentence in Sweden, was found guilty by a Danish court last week of hacking computer mainframes operated by U.S. technology giant CSC, news website Daily Tech reported Friday.
Almost every aspect of starting or operating a business in Cambodia is becoming more difficult, according to a World Bank report released Wednesday.
Despite facing multimillion-dollar embezzlement charges in Moscow, wanted Russian oligarch Sergei Polonsky was set to host a free, online seminar on the “secrets of business” Tuesday, according to the fugitive’s website.
The Asian Development Bank (ADB) and the government Monday signed loan and grant agreements worth a total of $98.5 million that allow the ADB to oversee disbursement of the money for three nationwide projects, the bank said in a press release.
The Somaly Mam Foundation, the anti-sex-trafficking organization whose founder’s back-story as a sex slave has been the center of controversy after it was exposed as a fabrication, announced Saturday it had shuttered its entire operation.
A visiting U.S. state senator on Thursday praised Prime Minister Hun Sen for his efforts to stamp out corruption but said the government should rely less on China, improve infrastructure and reduce electricity costs to attract further U.S. investment.
The American Chamber of Commerce on Friday will host an “informative luncheon” to help U.S. businesses in Cambodia respond to the deadly Ebola virus if it reaches the country.
Cambodia’s economy is expected to grow by 7.2 percent this year, but a policy of debt and deficit reduction must remain a priority in order for the projection to be met, according to a report released Friday by the International Monetary Fund.
Construction has overtaken tourism and agriculture as the country’s second largest sector—with garments still reigning supreme—according to a report released Monday by the World Bank, which says Cambodia must offer more tourism packages, repair its roads, reduce electricity costs and increase business automation to boost economic growth.
Cambodians must learn English in order to succeed in a rapidly globalizing economy, Commerce Minister Sun Chanthol said Wednesday at a conference about the role of innovation in the digital economy.
Two Cambodian hackers who once sought to topple the government by infiltrating its websites to reveal sensitive information were on Tuesday handed a suspended sentence, released from prison and ordered to work for the Interior Ministry, according to their attorney and a ministry official.