The Japanese embassy is reporting a $280 million drop in Japanese investment last year, but officials were quick to say that the numbers don’t necessarily reflect slumping investor confidence in Cambodia. Japanese investment in the Kingdom reached about $47.5 million in 2013, compared to $328 million ...

Australian-listed firm Donaco International, which currently has operations in Vietnam, has confirmed it is entering Cambodia’s already-crowded casino and gaming industry. The company announced on Friday that it had entered into an acquisition agreement to purchase the Star Vegas Resort and Club casino in Cambodia’s Poipet ...

Old Place Seafood, a Chinese restaurant that cost $4 million, has opened in Phnom Penh. A representative of the restaurant, which is opposite the Chinese embassy, said the growing number of Chinese people in the Kingdom had justified such an investment. Luu Meng, president of the ...

In an effort to stop their homes from being swallowed up by a Chinese mega-tourism project, Koh Kong villagers said they will submit a petition to the Chinese Embassy today, calling for intervention from visiting Chinese President Hu Jintao. Villager representative Tith Ten, 54, from Kiri ...

Civil society groups from Thailand will boycott a meeting between NGOs and regional government representatives at this week’s ASEAN summit because their country’s delegate “does not represent Thai civil society”, a spokeswoman said yesterday. Premrudee Daoroung, a representative of Thai civil society groups, said her country’s ...

Hotel and guesthouse operators have pushed back against government calls to avoid price increases during holidays, claiming group booking, as well as supply and demand, dictated the price of accommodation. Government officials, including Prime Minister Hun Sen, have recently tried to dissuade operators from raising the ...

In a bid to make Cambodia more business-friendly, the government will cut back on red tape and reduce industry membership costs, Sun Chanthol, the new minister of commerce, said yesterday. Speaking to representatives from the private sector at a conference at the InterContinental Hotel in Phnom ...

Cambodia’s General Department of Taxation has laid out a series of reforms it says are needed as the 2015 deadline looms for the Asean Economic Community, a single market for trade and development. Strengthening tax collection to increase revenue while nurturing an attractive investment climate is ...

Cambodian manufacturers are at risk of being blocked from exporting to the United States for using pirated software, IT industry bodies warned yesterday. Speaking at a seminar that was held at the Intercontinental Hotel in Phnom Penh, Michael Mudd, the secretary general of the Asia-Pacific Open ...

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, ...

Police detained two unionists and broke up a protest in Siem Reap province yesterday where workers demanded the owners of the Angkor Village Hotel and Resort respect a court decision ordering them to reinstate 67 workers. On October 26, Siem Reap Municipal Court ruled that the ...

Taiwan’s E. Sun Commercial Bank has purchased a 70 per cent stake in Cambodia’s Union Commercial Bank. The deal, planned for months but announced yesterday at a press conference at the Sofitel hotel in Phnom Penh, will bring technology upgrades and more loan capital to the ...

A casino complex on top of Kampot province’s Bokor Mountain will open in less than two weeks – but environmental groups are strangely quiet about the effects the development, the size of a small city, could have on Cambodia’s natural heritage. The complex, in the Preah ...

More than 150 businesses and associations from around the world gathered on Phnom Penh’s Koh Pich yesterday for the launch of the country’s annual food and hospitality exhibition. Two events, the International Food, Drinks and Wine Show and the Cambodian International Hotel, Restaurant and Catering Industry ...

Cambodia will construct a Chinese-language website and post Chinese-language signs at local hotels to cater to the growing numbers of Chinese nationals visiting the country, Minister of Tourism Thong Khon announced yesterday. “We will create a website in the Chinese language and also have additional signs ...

Promising to dramatically open up the region’s airways, the planned Asean Single Aviation Market (ASAM) will bring with it fierce competition and price wars, experts said yesterday during a seminar on the subject at the Phnom Penh Hotel. The seminar brought representatives from the majority of ...

Construction sector had attracted the investment of $1.38 billion in the first seven months of 2012, a 85 percent rise from $747 million at the same period last year, a report from the ministry of land management, urban planning and construction showed on Monday. During the ...

To attract tourism and make Battambang province more appealing as a nightlife destination, provincial authorities are preparing to follow the way of Siem Reap and lay the groundwork for a Pub Street ahead of the Khmer New Year. The deputy governor of Battambang, Ngon Ratthanak, says ...

Hui Tien Jien has eaten at a Chinese restaurant called Old Place Seafood two times – and he’s been in Phnom Penh for only two days. Chinese restaurants in Phnom Penh are spreading in response to a flood of tourists from China: tourists who insist ...

Siem Reap town – one of Cambodia’s biggest tourist destinations – faced yet another power outage yesterday after the provincial energy supplier cut power for 12 hours during the day. Energy supplier Electricite du Cambodge (EdC) informed residents that power would be cut from 6am to ...