Defense Minister Supports Angkor Evictions
Authorities in Siem Reap province have stopped negotiating with hundreds of families who recently built homes and shops illegally inside the Angkor Archaeological Park, and Defense Minister Tea Banh said they would start razing the structures without their consent. ...
Aun Pheap
https://www.cambodiadaily.com/news/defense-minister-supports-angkor-evictions-131904/
Environment Ministry rolls out plastic bag fee
Customers at shopping centres and supermarkets will be charged 400 riel per plastic bag beginning April 10. Heng Nareth, the director of environmental protection at the Ministry of Environment, said the aim is to reduce wasteful use of plastic bags. ...
Khouth Sophak Chakrya and Daphne Chen
https://www.phnompenhpost.com/national/environment-ministry-rolls-out-plastic-bag-fee
Olympia Plaza to rise on $60M investment
Local conglomerate Overseas Cambodia Investment Corporation (OCIC) will invest $60 million in the construction of Olympia Plaza, a seven-storey shopping mall being built inside the company’s mixed-use Olympia City project in central Phnom Penh, the company confirmed yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/olympia-plaza-rise-60m-investment
Local gold sales spike following Brexit vote
Local shops dealing in gold reported a surge in activity following the United Kingdom’s vote on Friday to leave the European Union – a decision that pushed international gold prices up sharply as worried investors sought a safe-haven asset. ...
Hor Kimsay
http://www.phnompenhpost.com/business/local-gold-sales-spike-following-brexit-vote
Five arrested over Stung Treng market fire
Five security guards at Stung Treng Market were arrested and detained for negligence after 1,220 stalls and shops burned to the ground on Thursday night, with Prime Minister Hun Sen ordering provincial officials to rebuild the stores for the vendors. ...
Mom Kunthear
http://www.khmertimeskh.com/news/23813/five-arrested-over-stung-treng-market-fire/
Sellers urged to return to site of Thailand riot
The Ministry of Foreign Affairs has urged nervous Cambodian vendors to reopen their shops at a market in Thailand across the border from Poipet town after a counterfeits bust by Thai authorities resulted in a riot and arrests earlier this month. ...
Sen David
http://www.phnompenhpost.com/national/sellers-urged-return-site-thailand-riot
Eco Park, Maybank in deal
The Singapore investor of Le Urban Eco Park, an ecologically-friendly satellite city, and Maybank have reached a deal to sell residential apartments and shop buildings in the park as the project nears completion by the end of the year. ...
Chea Vannak
http://www.khmertimeskh.com/news/25913/eco-park--maybank-in-deal/
Amid slow sales, some Aeon tenants leave mall
Less than 10 months after the $200-million Aeon Mall opened its doors to Phnom Penh’s consumers, at least seven tenants at Cambodia’s largest shopping center have shuttered their businesses, complaining of disappointing foot traffic, construction disturbances and overly thrifty patrons. ...
Anthony Jensen and Kang Sothear
https://www.cambodiadaily.com/business/amid-slow-sales-some-aeon-tenants-leave-mall-82423/
AEON widens HP to farmers
AEON Microfinance (Cambodia) Co Ltd says it has expanded its installment payment services into the agricultural sector, a new business type industry insiders say could be successful, but will still not be enough to strengthen one of Cambodia’s most crucial economic sectors. “We will co-operate with ...
http://www.phnompenhpost.com/2013052365789/Business/aeon-widens-hp-to-farmers.html
Commercial real estate market sees shops moving to high-end streets
In Phnom Penh, visibility seems to have become key to retailers. High-end brands are reportedly moving to more up-market locations like Prime High Street, versus community malls, retail podiums and prime shopping malls. ...
Rachel David
https://www.khmertimeskh.com/501481585/commercial-real-estate-market-sees-shops-moving-to-high-end-streets/
Fasmec brings in website for SMEs
Cambodian entrepreneurs who are members of the Federation of Association for Small and Medium Enterprises of Cambodia (Fasmec), can soon display and sell their products on a new shopping website, thanks to a partnership with London-based Sram & Mram Resources Ltd. ...
Hor Kimsay
https://www.phnompenhpost.com/business/fasmec-brings-website-smes
Security upped following robberies
Police and military police officials across the country on Wednesday said they had tightened security at shops and markets, a day after Interior Minister Sar Kheng threatened to demote provincial police chiefs who failed to make arrests following a wave of violent armed robberies. ...
Khy Sovuthy
https://www.cambodiadaily.com/news/security-upped-following-robberies-103252/
Kingdom pursuing tax treaty with South Korea
South Korea is pushing forward with discussions to hammer out a double taxation agreement (DTA) with the Kingdom that would provide an additional incentive for Korean businesses to set up shop and increase fiscal transparency while shielding individuals and corporations from being taxed twice. ...
Kali Kotoski
http://www.phnompenhpost.com/business/kingdom-pursuing-tax-treaty-south-korea
RUPP students campaign to reduce plastic pollution with coffee discount plans
Fifty coffee shops have joined a two-month campaign initiated by the Royal University of Phnom Penh’s (RUPP) Department of Media and Communication (DMC) to reduce the use of plastic in daily lives. ...
Mom Kunthear
https://www.phnompenhpost.com/national/rupp-students-campaign-reduce-plastic-pollution-coffee-discount-plans
Trial of portrait artist charged with murder ends blurry
Who killed 24-year-old Chhun Kim at an Internet shop run by her family? This was the question left hanging at the end of a hearing at the Court of First Instance yesterday, where 22-year-old portrait sketcher Dang Sopheak was on trial for her murder. ...
Tin Sokhavuth
http://www.khmertimeskh.com/news/14644/trial-of-portrait-artist-charged-with-murder-ends-blurry/
Implementation of the new Carrying Capacity Management System for shops and markets
On 21 February 2022, the National Committee for Clean Cities Assessment issued a press release on the implementation of the new Carrying Capacity Management System for shops and markets.The system was developed in collaboration with the Ministry of Tourism, the National Committee for Clean Cities ...
National Committee for Clean Cities Assessment
Fee proposed on plastic bags
The government has proposed slugging shoppers 500 riel for plastic bags in a bid to reduce environmental pollution. A draft prakas on plastic bags that would include the fee was reviewed yesterday in a Department of Environment workshop attended by government representatives along with mall and ...
Kong Meta
http://www.phnompenhpost.com/national/fee-proposed-plastic-bags
Hyundai Engineering wins $120mn order to build a mall in Cambodia
South Korea’s Hyundai Engineering won a $120 million deal from a Japanese retail giant Aeon Co. to build a shopping mall in the Kingdom of Cambodia, a deal that is expected to help the Korean engineering company that has been focusing on plant construction diversify ...
Lee Han-na
http://pulsenews.co.kr/view.php?year=2016&no=407384
Aeon anniversary highlights shifting market for local malls
AEON Mall, the first large-scale modern shopping mall in Cambodia, recently celebrated its third year of operation in the Kingdom, but with several new high-end malls slated to open over the next few years, analysts expect more competition and sweeping changes in the country’s retail ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/aeon-anniversary-highlights-shifting-market-local-malls
Japan pledges to boost silk industry
A Japanese beauty company is to invest in Cambodian silk production to supply the local market and export to Asia and the United States. Il Brille, which runs two beauty salons and a shop in Phnom Penh, uses silk in cosmetic treatments and products for customers. ...
Sok Chan
http://www.khmertimeskh.com/news/37173/japan-pledges-to-boost-silk-industry/