Industries

Manufacturing

January's Salt harvest Destroyed by Rains

Heavy rainfall over the weekend has destroyed all the salt that was due to be harvested this month in Kep and Kampot provinces, farmers said yesterday. “The salt that we planned to harvest this week was completely destroyed because of heavy rain,” said Um Chon, chief ...

http://cambodiadaily.com/

Angkor Car Reintroduced Without Defects

After delaying mass production of the Angkor Car because of technical difficulties with starting the engine and opening the doors, Heng Development Co. Ltd. on Monday unveiled a new model and said it had severed ties with the Hong Kong-based firm responsible for the original ...

http://www.cambodiadaily.com/business/angkor-car-reintroduced-without-defects-7536/

Siem Reap sees strong gains

Commercial property prices and rents in Siem Reap have increased by 10 to 20 per cent in the last year, according to the town’s newest real estate agency. Cambodia Properties Limited (CPL) opened its first Siem Reap branch three months ago, recognising a need for sound ...

http://www.phnompenhpost.com/Real-Estate/siem-reap-sees-strong-gains.html

Cambodia unveils 1st home-made cars

Cambodia’s Heng Development Company on Monday unveiled the first-ever electric-powered cars manufactured by its factory in Kandal province. The show was made after the firm has completed the construction of a 20 million U.S. dollar car manufacturing plant branded ” Angkor” in Kandal province’s Takhmao district. Speaking ...

http://news.xinhuanet.com/english/world/2013-01/07/c_132085823.htm

Detained Russian's Company Under Investigation for Fraud

The company of Russian businessman Sergei Polonsky, who is currently being detained by Cambodian authorities after a maritime incident off the coast of Preah Sihanouk province last week, is being investigated by the Russian Interior Ministry for fraud, according to a statement on the ministry’s ...

http://www.cambodiadaily.com/news/detained-russians-company-under-investigation-for-fraud-7333/

Cheng Keng becomes president of estate agents association

Cheng Kheng, director of the CPL real estate company, has been elected to be president of the Cambodian Valuers and Estate Agents Association in 2013, after Sung Bonna, director of the Bonna Realty Group, ended his 2012 term. ...

http://www.phnompenhpost.com/2013010360592/Real-Estate/cheng-keng-becomes-president-of-estate-agents-association.html

Annual Prahok Season Threatened by Poor Catch

Cambodia’s annual prahok season began Wednesday along the Tonle Sap River, with fishermen unloading boatloads of tiny fish onto weigh stations along the riverbank. But due to low water levels during this year’s five-day migration season, fishermen and buyers were predicting a poor catch, both in ...

http://www.cambodiadaily.com/business/prahok-season-threatened-by-low-water-levels-6818/

More regional flights to be available in Cambodia

Regional flights to Cambodia will rise next year with the news that Philippines Airlines is eyeing flights to the Kingdom and Singapore’s SilkAir announced it would increase the frequency of flights to Siem Reap. The regional wing of Singapore Airlines, SilkAir, announced on Tuesday an increase ...

http://www.phnompenhpost.com/2012122060379/Business/more-regional-flights-to-be-available-in-cambodia.html

ITC defends its use of funds, claiming silk weavers profiting

The International Trade Centre (ITC) yesterday rejected criticisms over the misuse of expenses and funds for a sector-wide Cambodian silk project, saying its approach was appropriate and well managed. Mao Thora, secretary of state for the Ministry of Commerce, publicly criticised the ITC during a seminar ...

http://www.phnompenhpost.com/2012122060382/Business/itc-defends-its-use-of-funds-claiming-silk-weavers-profiting.html

Secretary of state hits out at silk scheme

A government official has harshly criticised a prominent silk promotion project, implemented last year by the International Trade Center (ITC), saying it has not been fruitful. Mao Thora, secretary of state for the Ministry of Commerce, made his comments during a seminar on export diversification at ...

http://www.phnompenhpost.com/2012121860337/Business/secretary-of-state-hits-out-at-silk-sheme.html

Slow is good: The real estate market’s slower current growth is better in the long run, experts say

While the Cambodian real estate market has still not fully recovered from its steep decline during the 2008-2009 economic crisis, its slower but steady growth is more sustainable than the rapid ascent seen in the years leading up to the fall, experts say. although growth ...

http://www.etmcambodia.com/viewarticles.php?articlesid=320

Siem Reap hotels oversupplied

Potential real estate investors in Siem Reap are being advised to look towards retail strips rather than hotels, according to Cambodian real estate professionals. Knight Frank’s Cambodia chief, Sunny Soo, said that while the hotel industry is well supplied, the town lacks an organised retail strip. ...

http://www.phnompenhpost.com/Real-Estate/siem-reap-hotels-oversupplied.html

Cambodia's salt output may decrease

The Kep-Kamport Salt Producers Community expressed concern about the production of salt this year not reaching its forecast due to the late-starting season and the lack of labour to work in the fields. Um Chhun, director of the administration office in Kep-Kamport Salt Producers Community, said ...

http://www.phnompenhpost.com/index.php/2012121060176/Business/salt-output-may-decrease.html

Real Estate Mondays launches

A group of local property agents has initiated a monthly gathering for real estate professionals and those interested in the industry to meet and share business ideas and industry insights. The first of the monthly gatherings, known as Real Estate Monday, was held this week at ...

http://www.phnompenhpost.com/index.php/Real-Estate/real-estate-mondays-launches.html

Kampong Chhnang prices on the rise

Real estate prices in Kampong Chhang province have increased by around 10 per cent over the last 12 months, according to experts. Dith Chana, general manager of VMC Real Estate Cambodia, said that Kampong Chhnang is only 91 kilometres from Phnom Penh, but the development of ...

http://www.phnompenhpost.com/index.php/Real-Estate/kampong-chhnang-prices-on-the-rise.html

T.K. Garment Co moves across the border for cheaper wages

When the government decided to raise the daily minimum wage to 300 baht nationwide, labour-intensive industries knew sunset was descending on their businesses. As a leading original equipment manufacturer (OEM) for popular clothes lines in Thailand, the company is relocating its largest production site to ...

http://www.bangkokpost.com/business/economics/324412/sunrise-in-cambodia

Weaving woes -Cambodia’s silk sector faces possible extinction as economic realities force artisans to abandon the craft

In the not-so-distant past, visitors to Koh Dach, an island in the Mekong River about 15 kilometers outside of Phnom Penh, were often struck by the sound as well as the sights that met them there. Among the many crafts on display by local artisans, ...

http://www.etmcambodia.com/viewarticles.php?articlesid=304

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