Tourism will drive food service sector growth zzz
Cambodia will require an additional 1,000 restaurants by 2020 to service the Kingdom’s growing tourism sector, Ministry of Tourism officials say. By 2020, seven million international visitors, and as many as 10 million domestic tourists, were expected to visit the country’s tourist destinations each year, Tith ...
Raids net apparel knock-offs
Investigations are continuing after Siem Reap’s economic police conducted four raids last Saturday on shops selling knock-offs of products from US-based outdoor apparel and equipment brand The North Face, police sources said yesterday.The raids were conducted on four stores – Cambodia Outlet, Duty Free Outlet, ...
Ananth Baliga and Thik Kaliyann
http://www.phnompenhpost.com/business/raids-net-apparel-knock-offs
Local goods market doubles
Cambodia’s branded Fast-Moving Consumer Goods (FMCGs) market might double in value to US$1 billion over the next seven years, according to Unilever Indochina. Factors influencing this are the increasing urbanization of Cambodian society and the desire for more choice, said Maks Mukundan, Unilever Indochina’s managing director. Cambodia’s open ...
Aeon reports record revenue amid ASEAN expansion
Aeon Co, the Japanese firm developing the soon-to-be-opened Aeon Mall on Phnom Penh’s Sothearos Boulevard, has reported a record $62.3 billion in revenue for its financial year ending February 28. The company, which has more than 260 subsidiaries, including the shopping centre development arm Aeon Mall ...
Eddie Morton
http://www.phnompenhpost.com/business/aeon-reports-record-revenue-amid-asean-expansion
Few S'pore-owned businesses in Cambodia: business owners
PHNOM PENH: There are about a hundred Singapore-owned businesses in Cambodia, mainly located in the capital, Phnom Penh. Many, who set up shop there, feel the numbers have stayed low because there is a perception that the country is not safe. In 2011, Singapore invested close ...
http://www.channelnewsasia.com/stories/economicnews/view/1254251/1/.html
In Cambodia’s Siem Reap, $880m airport faces hurdles to success
Down a dirt road in Cambodia’s Siem Reap province, behind homes and a few sundry shops, construction teams are busy working to transform an empty rice field into an international airport capable of handling 10 million travellers by 2030. ...
Danielle Keeton-Olsen
https://www.aljazeera.com/economy/2022/2/16/in-cambodias-siem-reap-990m-airport-faces-hurdles-to-success
A rare delicacy hard to sell
Ou Seathong sells one of the most expensive foods in the world: edible bird spit. At her shop on Street 182 in Phnom Penh, she sorts edible bird nests on the shelves. Hundreds of years old, the Chinese delicacy is made of the congealed saliva ...
Rann Reuy
http://www.phnompenhpost.com/business/rare-delicacy-hard-sell
Phone retailers ordered to pay tax on inventories
Following raids on phone shops selling grey-market devices last week, the government is giving retailers a two-week window to declare their stock of mobile phone handsets and pay the relevant taxes or face hefty fines.Many of the capital’s vendors have already received a notice from ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/phone-retailers-ordered-pay-tax-inventories
Water Festival Vendors in Phnom Penh See Revenue Drop
Provincial authorities have reported an influx of people from Phnom Penh to the provinces over the three-day Water Festival celebration, while vendors who set up shops on Koh Pich in the capital during the holiday said that they had barely broken even. This year saw ...
Unauthorised drugs found in Siem Reap raid
Over 470,000 units of unauthorised or expired drugs were confiscated during a crackdown on unlicensed medical facilities in Siem Reap City this week, according to provincial police. The inspections of health facilities started on Friday with city economic police working with the provincial health department to ...
Thik Kaliyann
http://www.phnompenhpost.com/national/unauthorised-drugs-found-siem-reap-raid
Ahead of ‘clean’ exams, bookshops see fall in business
The owners of bookshops near the Bak Touk High School would usually be doing a roaring trade at this time of year. The grade 12 examinations each August have long been an annual boom time for the shops where students copied cheat sheets for the ...
Leng Sreynich
http://www.voacambodia.com/content/ahead-of-clean-exams-bookshops-see-fall-in-business/2924131.html
Satellite city deal worth $1.6bn inked in capital
Construction of a US$1.6 billion satellite city on Phnom Penh’s Chroy Changvar peninsula will begin this year after officials inked a contract yesterday with local firm Overseas Cambodia Investment Corporation (OCIC). Dubbed “City of the Future”, the project would include a national stadium, a 60-hectare park, ...
Brit brands target local market
MORE UK-based brands were looking to set up shop in Cambodia, Britain’s ambassador to Cambodia, Mark Gooding, said yesterday. Gooding said at Costa Coffee’s official opening in Phnom Penh he was pleased by the arrival of the international chain, the largest coffee brand in the UK, ...
http://www.phnompenhpost.com/2013030161680/Business/brit-brands-target-local-market.html
Businesses Told to Close for 8 Days for King Father's Funeral
Business owners in Phnom Penh’s Daun Penh district yesterday said they will not follow a government directive to close their businesses for eight days in observance of the second mourning period for the late King Father Norodom Sihanouk. The order, which was distributed on Sunday to ...
Warnings of Violence if CPP Loses Election Fall on Deaf Ears
Amid the mounting threats of violence—be it through a coup or full-blown civil war—residents in Phnom Penh said Wednesday they were unperturbed by such an eventuality and that the country has progressed beyond the days of warfare and political upheaval. “I’m not that worried. I think ...
The Cambodia Daily
http://www.cambodiadaily.com/elections/warnings-of-violence-if-cpp-loses-election-fall-on-deaf-ears-36618/
Update: Mam Sonando’s protest dispersed, several protesters injured
Hundreds of Police and Military Police cracked down on protesters, led by Mam Sonando, the director of Beehive Radio Station, at the Ministry of Information. A reporter of the Cambodia Herald, who is at the scene, reported that several protesters were injured in the crackdown. And ...
The Cambodia Herald
http://thecambodiaherald.com/cambodia/detail/1?page=15&token=MWVhOGQ1MTIwMGY
Nine karaoke parlors closed after clash
Nine karaoke parlors in Pur Senchey district were closed indefinitely Monday after an early morning clash between employees of the clubs, district governor Hem Darith said. Mr. Darith said a large group of men working for the different clubs got into a violent scuffle using rocks, ...
Hay Pisey
http://www.cambodiadaily.com/news/nine-karaoke-parlors-closed-after-clash-62227/
Villagers block man’s burial wish
More than 100 villagers in Kompong Thom province blocked a funeral procession in Stung Sen City on Saturday to prevent the burial of a recently deceased ethnic Vietnamese man on land he owned in the vicinity of a local primary school, villagers and an officials ...
Hay Pisey
http://www.cambodiadaily.com/news/kdc-families-want-compensation-deal-revoked-62215/
New lotto company enters a shrinking industry
A Hong Kong company is hoping to attract a sizeable slice of Cambodia’s lottery market with the opening of outlets in Phnom Penh and around the country next month, according to the CEO of the firm’s local subsidiary. EGame Solutions, the parent company of Cambodian Mark ...
George Styllis
http://www.cambodiadaily.com/business/new-lotto-company-enters-a-shrinking-industry-72046/
Nest farmers hatch ambitious China export plan
Standing inside her shop behind a heavy glass door secured with an electronic lock, it would be easy to mistake Nguon Chorda for a jewelry boutique owner, not the manager of a store that sells dried bird saliva. Mr. Sothy said once the CBNF gets ...
Hul Reaksmey and Chris Mueller
http://www.cambodiadaily.com/news/nest-farmers-hatch-ambitious-china-export-plan-70521/