Awards announced in 2021 totalling just over 10.2 million shares for directors at Hong Kong-listed casino operator NagaCorp Ltd, and 9 million shares for what bourse rules classify as non-connected participants, have been put back again.

This time the deferral is to within 2024, said a Friday filing to the Hong Kong Stock Exchange.

The company has a monopoly casino business in the Cambodian capital Phnom Penh, via its NagaWorld complex.

In full: https://www.ggrasia.com/naga-2021-share-awards-deferred-again-as-prudent-step/

Hong Kong-listed Century Entertainment International Holdings Ltd said Tuesday it had “mutually agreed” to terminate a deal to operate eight gaming tables at a casino in controversial Chinese-backed investment zone Dara Sakor, Cambodia.

According to a filing, a Termination Agreement was signed on 31 December 2023 by the company’s subsidiary, Victor Mind Global Ltd (VMG), and Lion King Entertainment Company Limited, which is wholly-owned by the company’s Chairman and CEO Ng Man Sun. Mr Ng, a former Macau junket identity, had held the rights to the gaming tables in question.

“VMG has not paid any deposit in respect of the assignment and neither party shall make any compensation to the other,” Century Entertainment said.

In full: https://www.asgam.com/index.php/2024/01/03/century-entertainment-terminates-cambodian-gaming-table-business-in-negotiations-over-new-deal/

Cambodia’s famed Angkor Archeological Park received 798,069 international visitors in 2023, up 177 percent from 287,454 in the previous year, said a news release on Monday.

The ancient site made US$37.1 million in revenue from ticket sales in 2023, up 222 per cent from US$11.5 million in 2022, said the news release from the state-owned Angkor Enterprise.

In December 2023 alone, the Angkor recorded 98,073 foreign visitor arrivals, earning US$4.65 million, representing an increase of 57 per cent and 85 per cent, respectively, compared to the same month in 2022, the news release said.

In full: https://www.thestar.com.my/aseanplus/aseanplus-news/2024/01/02/cambodia039s-famous-angkor-and-tourism-pride-attracts-nearly-800000-foreign-visitors-in-2023

Cambodia’s version of a central bank digital currency (CBDC) and online banking and mobile payments app, Bakong, has seen its adoption levels grow in leaps and bounds to surpass 10 million accounts.

Since its introduction in 2020, Bakong has onboarded an estimated 60% of Cambodia’s population, with the regulators bracing for an extensive adoption campaign. According to reports, the National Bank of Cambodia (NBC) says it will not be resting on its laurels but will continue improving financial inclusion for citizens.

NBC Governor Chea Serey pointed out that apart from merely onboarding citizens, heightened focus will be given to the cybersecurity of the payment network for excellent consumer safety.

In full: https://coingeek.com/bakong-adoption-rate-surges-as-cambodia-strikes-more-partnership-deals/

Cambodia has witnessed reduced customs and excise revenue collection due to a fall in tariffs for partner nations with which it has bilateral and multilateral free trade agreements.

The general department of customs and excise (GDCE) collected $2.8 billion in the first 11 months this year, representing a loss of $400 million compared to the corresponding period last year.

In full: https://www.fibre2fashion.com/news/textile-news/ftas-lead-to-loss-of-customs-excise-revenue-in-cambodia-292131-newsdetails.htm

Cambodia’s economy is forecast to maintain a gradual recovery in 2023, driven by robust domestic activities, according to a recent report by the ASEAN+3 Macroeconomic Research Office (AMRO).

Although the garment sector’s growth is expected to slow down due to reduced demand from the US and EU, the non-garment manufacturing sector is likely to see continued high growth. The GDP growth rate is anticipated to increase from 5.3 per cent in 2023 to 6.2 per cent in 2024.

In full: https://www.fibre2fashion.com/news/textiles-policy-news/cambodia-s-economy-on-track-for-recovery-in-2023-amro-292119-newsdetails.htm

Cambodia exported textiles, garments, footwear and travel products worth $9.9 billion in the first 11 months this year—down by 15 per cent year on year (YoY), according to the commerce ministry. Global economic slowdown, particularly in the European Union (EU), led to the fall, the government said.

Exports of textile and apparel were worth $7.22 billion during the period, marking a decline of 14.8 per cent YoY, a report by the ministry said.

In full: https://www.fibre2fashion.com/news/apparel-news/cambodia-s-textile-garment-exports-down-14-8-yoy-in-jan-nov-2023-292101-newsdetails.htm

Cambodia is stepping up discussions with the Japanese on the possibility of investing in the kingdom’s special economic zones (SEZ). During a recent trip to Japan, Prime Minister Hun Manet proposed that Japanese investors examine the possibility of investing in Cambodia-Japan SEZs.

Sun Chanthol, deputy prime minister and first vice-chair of the Council for the Development of Cambodia (CDC), led a Dec 25 inter-ministerial meeting with a delegation from Japan led by Japanese ambassador Atsushi Ueno on logistics, transport infrastructure and ports.

In full: https://www.thestar.com.my/aseanplus/aseanplus-news/2023/12/27/japan-being-wooed-to-set-up-special-economic-zones-in-cambodia