via Khmer NZ
Visa change Naga’s gain
Thursday, 26 August 2010 15:00 Catherine James
NAGAWORLD’S parent company Nagacorp is expected to benefit from tightening visa rules facing Vietnamese visitors to Macau beginning July 1, Las Vegas-based advisory firm Union Gaming said yesterday. Vietnamese visitors to the gambling hub of Macau fell to 752 in July from 6,720 for the month last year, according to the Macau Daily Times. “NagaWorld ... should disproportionately benefit, in our view, given proximity from Vietnam,” Union Gaming said.
Raffles Education profits
Thursday, 26 August 2010 15:00 Catherine James
RAFFLES Education Corporation saw profits increase 8.2 percent to S$55.8 million (US$41 million) during the first half of the year, it said in a release yesterday. The Singapore-listed firm, which opened Raffles International College (Cambodia) in the Kingdom this January, said the Phnom Penh college was not expected to be profitable for another two years, but it did not release separate returns for the school.
OZ reports turnaround after loss last year
Thursday, 26 August 2010 15:00 Jeremy Mullins
AUSTRALIAN miner OZ Minerals – which is exploring mining concessions in northeast Cambodia – reported a A$405.7 million (US$359.6 million) profit for the first half of 2010, after losing A$585.6 million during the same period last year. The firm announced an initial “foundation resource” of 605,000 ounces of gold at its Okvau tenement in Cambodia’s Mondulkkiri province earlier this year.
Bavet crossings up 27pc
Thursday, 26 August 2010 15:00 Chun Sophal
SOME 404,508 foreigners crossed into the Kingdom through Bavet International Border Checkpoint in the first seven months, up 27 percent from the 318,667 visitors who used the gateway to Vietnam during the same period 2009. Bavet International Border Crossing chief Khun Bophan told the Post yesterday that 70 percent of the foreign tourists entering Cambodia through the checkpoint were Vietnamese and the remainder were Westerners.
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