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Chinese demand drives construction boom in Cambodia

The value of construction projects in Cambodia rose more than 22 percent to $6.4 billion in 2017 from the previous year, according to official figures released on Tuesday that showed the impact of a boom driven by Chinese investors. The high level of Chinese investment is ...

Prak Chan Thul
https://www.reuters.com/article/cambodia-construction/chinese-demand-drives-construction-boom-in-cambodia-idUSL3N1PB2YA

Hun Manet: Sihanoukville is not Macau

Royal Cambodian Armed Forces chief of joint staff Hun Manet has said he disagrees that Preah Sihanouk province, where Chinese investment in hotels and casinos has skyrocketed, will become a second Macau. Lieutenant General Manet made the comment on Monday during a ground-breaking ceremony for the ...

Mom Sophon
http://www.khmertimeskh.com/50112151/hun-manet-sihanoukville-is-not-macau/

Hun Sen tells King Buddhist Institute’s land not for sale

Government denials over the rumored development of the Buddhist Institute have reached the highest levels, with the prime minister penning a letter to the king to assure him the land is not for sale. In a letter addressed to King Norodom Sihamoni dated October 6 and ...

Khuon Narim
http://www.cambodiadaily.com/news/hun-sen-tells-king-buddhist-institutes-land-not-for-sale-69609/

CPP-friendly businessman launches newspaper

T Mohan, a Malaysian publisher and businessman arrested in the 1990s for attempting to extort a casino executive, is back in Cambodia’s newspaper market. The Khmer Times, the latest English-language news offering from Mr. Mohan, hit newsstands earlier this month, with a government spokesman even resigning ...

Alex Willemyns
http://www.cambodiadaily.com/news/cpp-friendly-businessman-launches-newspaper-58610/

NagaCorp VIP program questioned

Citi Research, the strategy and analysis arm of Citigroup Inc, one of the world’s largest financial firms, has questioned NagaCorp’s VIP junket program in a recent report that also cites cross-border competition and tourism failings as potential threats to the program’s success. Citi Research’s analysis was ...

Eddie Morton
http://www.phnompenhpost.com/business/nagacorp-vip-program-questioned

29 locations in Sihanoukville to be used as quarantine centres

The Preah Sihanouk Provincial Administration released a report yesterday that in order to prevent the spread of COVID-19, they decided to commandeer 29 hotels, apartments, casinos, buildings and shopping malls to be used as quarantine centres. ...

Tith Kongnov
https://www.khmertimeskh.com/50819895/29-locations-in-sihanoukville-to-be-used-as-quarantine-centres/

Thai fugitive linked to casino fire received Cambodian citizenship, shares business ties with Tycoon Ly Yong Phat

Fugitive Thai politician Vatana Asavahame, linked to management of the Poipet casino devastated by a deadly fire last week, received Cambodian citizenship in a 2008 royal decree, according to documents viewed by CamboJA. ...

Jack Brook and Sovann Sreypich
https://cambojanews.com/thai-fugitive-linked-to-casino-fire-received-cambodian-citizenship-shares-business-ties-with-tycoon-ly-yong-phat/

Luxury Hotel Resort Threatens Bokor Mountain's Biodiversity

An ongoing project to build hotels, luxury villas and a casino on Kampot province’s Bokor Mountain is a threat to the area’s unique animal and plant species, according to two new studies. Local conglomerate Sokimex Group has been granted property development rights on the entire mountain, ...

Institute feeling crowded

Construction work at the site of Phnom Penh’s Buddhist Institute by Hong Kong-listed casino operator NagaCorp has caused concern among staff that the large development is driving away students. In recent days, a wall separating the institute from Hun Sen Park in Chamkarmon district’s Tonle Bassac ...

Chhay Channyda
http://www.phnompenhpost.com/national/institute-feeling-crowded

Buddhist Institute is safe, minister tells National Assembly

Despite being hemmed in by construction on all sides as NagaWorld expands its casino empire in Phnom Penh, the Buddhist Institute will not be sold off or rented out, Cults and Religion Minister Min Khin told a National Assembly commission on Thursday. In May, the institute’s ...

Khuon Narim
http://www.cambodiadaily.com/news/buddhist-institute-is-safe-minister-tells-national-assembly-69526/

Mystery Surrounds Ratanakkiri’s First Special Economic Zone

Construction of a special economic zone (SEZ) near the Vietnamese border in Ratanakkiri province’s eastern O’Yad­aw district is on track, but who exactly will avail of the facility and its services remains a mystery—even for senior provincial officials. The latest announced venture of agro-industry land concession ...

http://www.cambodiadaily.com/business/mystery-surrounds-ratanakkiris-first-special-economic-zone-35235/

Islands up for grabs

More than 180,000 hectares on 28 of Cambodia’s 64 islands were reclassified as state private property for 31 companies seeking land concessions between 2008 and 2010, government sub-decrees reveal. The reclassification sub-decrees, compiled by investigators at the rights group Adhoc, pave the way for firms to ...

http://www.phnompenhpost.com/index.php/2012081758150/National-news/cambodias-islands-up-for-grabs.html

Rosewood Seized From Hotel Truck

Forestry Administration officials have confiscated 15 cubic meters of luxury-grade wood from a truck belonging to hotel and casino magnate Try Pheap in Kompong Thom province. Soth Mary, a division director for the Forestry Administration in the province, said yesterday that his staff stopped a truck ...

Sihanoukville struggles to shake its seedy image

This tourist town counts itself among the Most Beautiful Bays in the World Club and more than 1 million tourists each year are drawn to its tropical water and sandy shore. Yet when the U.S. Embassy last month warned its citizens to avoid some beaches ...

Ouch Sony and Simon Henderson
http://www.cambodiadaily.com/news/sihanoukville-struggles-to-shake-its-seedy-image-66108/

Sihanoukville gets a wake up call

Sihanoukville has long been a part of the government’s plan to develop the Southern coast as Cambodia’s next tourism hotspot after Siem Reap, and if recent arrival numbers are anything to go by it seems to be growing in appeal. However, as new property developers ...

George Styllis
http://www.phnompenhpost.com/real-estate/sihanoukville-gets-wake-call

Construction Projects Surge This Year

Total investment in new construction projects reached $1.53 billion through the first  eight months of the year, a 73.96 percent improvement compared to the same period last year, according to data released yesterday by the Ministry of Land Management, Urban Planning and Construction. Though the number of permits ...

Monks protest over institute

A group of about 100 people, including 50 or so monks, attempted to march yesterday to protest outside Phnom Penh’s Buddhist Institute, but were thwarted by droves of military police and district security guards on Sisowath Quay. No violence occurred as Independent Monk Network leader But ...

Chhay Channyda
http://www.phnompenhpost.com/national/monks-protest-over-institute

Naga 3 pushed back till Sept 2029

Hong Kong-listed casino operator and developer NagaCorp Ltd, known for its flagship NagaWorld integrated resort in Phnom Penh, on June 4 announced that it has moved the $3.5 billion Naga 3 project’s planned completion date from September 30, 2025 to exactly four years later, in ...

May Kunmakara
https://www.phnompenhpost.com/business/naga-3-pushed-back-till-sept-2029

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