Friday, 22 January 2010

The Phnom Penh Post News in Brief



via CAAI News Media

Shorter route from VN

Friday, 22 January 2010 15:00 Post Staff

VIETNAM has finalised new air routes that will cut flight times to Cambodia, according to local press reports Thursday. Flights from Danang and the capital Hanoi would now take a shorter route through Laos over Vilao and Pakse cutting flight times to Cambodia’s two main hubs Phnom Penh and Siem Reap, Vietnam News Agency reported. The new flight path would cut 25 minutes off flight times to Siem Reap, according to the revised route, which is part of the Vietnam Airlines itinerary to the Kingdom. These routes previously did not pass over Laos thus avoiding fly-over fees.

Axiata Q4 to be strong

Friday, 22 January 2010 15:00 BLOOMBERG AND POST STAFF

KUALA LUMPUR – Axiata Group Bhd, the Malaysian parent company of mobile-phone operator Hello, may report “strong” fourth-quarter earnings growth, helped by demand for wireless broadband amid an improving economy, CIMB Investment Bank Bhd said Thursday. Earnings may “surprise on the upside”, CIMB said in a report. Net income more than doubled during the third quarter to 503.7 million ringgit (US$148 million) from 243.9 million ringgit. However, this performance was not matched at the firm’s Cambodia arm where Axiata recorded a 5 percent slide in revenues. The company cited increased competition for the second successive quarter of falling earnings.

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