Home Cambodia Economy

NagaCorp opens office for Russian operations

Mar 20th at 10:21
20-03-2017 10:21:46+07:00

NagaCorp opens office for Russian operations

Nagacorp Ltd, the operator of Phnom Penh’s NagaWorld casino and hotel complex, announced that it has set up a dedicated representative office in the Russian port city Vladivo-stok to help with the construction of its resort and casino project in the nearby Primorye Integrated Entertainment Zone, the company said in a filing on the Hong Kong Stock Exchange.

NagaCorp has previously reported that the Russian foray needed capital investment of between $50 million and $70 million for its first phase, and that the casino would be operational by 2019.

phnompenh post

MOST READ

NEWS SAME CATEGORY

Smart adds support to startup incubator
ECONOMY Mar 16th at 21:25

Smart adds support to startup incubator

Cambodian telecom Smart Axiata announced a new partnership yesterday with the Asia Foundation to support their Tekhub initiative and help develop the country’s...

Efforts to formalise SMEs fall short
ECONOMY Mar 14th at 09:05

Efforts to formalise SMEs fall short

The Cambodian government has made negligible progress in bringing small- and medium- enterprise (SMEs) into the regulatory fold, reporting a less than 0.5 percent...

KDIC digs in to recover local Korean assets
ECONOMY Mar 11th at 14:30

KDIC digs in to recover local Korean assets

South Korea’s state-run deposit insurer opened its first overseas branch in Phnom Penh yesterday in a move to sell off the bank and property assets of Korean banks...

Local airlines to face headwinds
ECONOMY Mar 9th at 09:46

Local airlines to face headwinds

Cambodian airlines trying to grow and capture a slice of the more promising Chinese market will face stern competition from more-established international carriers...

Hitachi forms joint venture with CMED
ECONOMY Mar 6th at 10:04

Hitachi forms joint venture with CMED

Japan's Hitachi Ltd has officially entered into a joint venture partnership with the local construction company CMED Group Co Ltd, aimed at expanding its sales...

A few hurdles still block path to joining global value chains
ECONOMY Mar 3rd at 08:00

A few hurdles still block path to joining global value chains

The government needs to urgently amend its industrial development policy to spur the inclusive growth of small- and medium- enterprises (SMEs) and develop a...

Business barometer falls as political uncertainty looms
ECONOMY Mar 2nd at 08:43

Business barometer falls as political uncertainty looms

Business confidence among companies operating in Cambodia has dropped to its lowest level in years on the perceived decline in political stability and anxiety over...

Exports driving shift in Thai trade
ECONOMY Mar 1st at 07:50

Exports driving shift in Thai trade

Cambodian exports to Thailand surged by 46 percent last year compared with 2015 while imports from the neighbouring country decreased slightly, according to...

Outbound travel up by 20% in 2016
ECONOMY Feb 28th at 07:54

Outbound travel up by 20% in 2016

Cambodians spent about $600 million abroad last year, state media reported yesterday, while official figures showed a 20 percent annual increase in outbound tourism.

Battambang on course for growth
ECONOMY Feb 27th at 09:48

Battambang on course for growth

Battambang, the city at the epicentre of Cambodia’s agricultural heartland, has long struggled to reward its farmers with profits and compete in global markets...

Read More

MOST READ

Back To Top