Industries
Better Recovery for Construction and Real Estate Sector
2012 has been an impressive year for Cambodia’s economic resilience. Among the many sectors that had positively grown are the construction and property development [sic] and they are expected to be among the highest growth achievers in the current year as well. In 2012, the ...
Can Tho links with Cambodian province
The Can Tho city and Cambodian province of Battambang have signed a memorandum of understanding on economic co-operation that covers commerce, investment, and tourism. The two sides will create favourable conditions for businesses from the two localities to co-operate in areas like processing of farm produce, ...
http://vietnamnews.vn/economy/237556/can-tho-links-with-cambodian-province.html
Sihanoukville Runs Dry During Water Crisis
A water shortage in the tourist town of Sihanoukville has led authorities to advise scores of businesses to dig their own wells as only 50 percent of local demand is currently being met after high temperatures dried up the water supplier’s only reservoir. On March ...
http://www.cambodiadaily.com/news/sihanoukville-runs-dry-during-water-crisis-16609/
Cambodia's economy to grow by 7 pct in 2013: finance minister
Cambodia’s economy is projected to grow by 7 percent this year, Deputy Prime Minister and Finance Minister Keat Chhon said Friday. He said the growth still is contributed by garment exports, tourism, agriculture, real estate and construction. Last year, Cambodia’s GDP per capita was nearly 1,000 ...
http://news.xinhuanet.com/english/business/2013-03/29/c_132271714.htm
Tax revenue sees a 27 per cent jump
The Kingdom’s tax revenue increased 27.85 per cent in the first two months compared to a year earlier, a figure the opposition party said is low due to corruption and tax cheats. According to the data from the General Department of Taxation (GDT), total tax revenue ...
http://www.phnompenhpost.com/2013032864735/Business/tax-revenue-sees-a-27-per-cent-jump.html
China's Nanning City officials visit Cambodia to promote tourism ties
A group of about 20 officials and tourism-related business owners from Nanning City, capital of south China’s Guangxi Zhuang Autonomous Region, is visiting Cambodia to broaden bilateral relations and cooperation in tourism. The delegation is led by Yang Min, Nanning’s vice mayor. On Tuesday, the group ...
Cambodian Vtrust plans CSX floating
Local real estate company Vtrust Property Group plans to engage an underwriter in as little as two years to help it list on the Cambodia Stock Exchange, the company’s chairman, Kuy Vat, said yesterday. The company is now preparing the necessary documents on its business, corporate ...
http://www.phnompenhpost.com/2013032764710/Business/cambodian-vtrust-plans-csx-floating.html
Construction begins at bloody eviction site
More than four years after the violent forced eviction of about 800 families from Dey Krahorm in the capital’s high-rent Tonle Bassac commune, small-scale construction is finally beginning on the site. In the past month, the skeletons of a future barbecue restaurant and a beer garden ...
http://www.phnompenhpost.com/2013032764726/National/construction-begins-at-bloody-eviction-site.html
Laos taps on single visa door
Lao PDR says it will consider joining Thailand and Cambodia’s single visa scheme launched late last year saying it will help to boost Mekong region tourism. A senior official at the consular department in Vientiane told the Vientiane Times, last week, that the government would hold ...
http://www.ttrweekly.com/site/2013/03/laos-keen-to-join-single-visa/
Laos, Cambodia eye a single-visa policy
Laos is considering a single-visa scheme with its neighbours Thailand and Cambodia to promote balanced development in the subregion, officials said. The Lao government will hold talks with Cambodia, possibly at the end of this month, to learn from Phnom Penh’s experience in this matter, a ...
http://www.phnompenhpost.com/2013032264622/Business/laos-cambodia-eye-a-single-visa-policy.html
Beaches to drive tourism
The Ministry of Tourism and the French TV channel TF1 have signed a deal on a “2013 action plan” that will promote Cambodia’s beach tourism. The agreement was inked yesterday by Tourism Minister Thong Khon and Franck Firmin Guion, the president of Adventure Line Product-ions (ALP). The plan ...
http://www.phnompenhpost.com/2013031962003/Business/beaches-to-drive-tourism.html
Bountiful work, but scant wages angers Cambodia
As night falls in Phonm Penh, thousands of weary workers stream from textile factories, reflecting the abundance of jobs created by the clothing industry’s desire for cheap labor. However, as the number of international clothes companies tapping into Cambodia’s workforce grows, so does anger at the ...
http://www.taipeitimes.com/News/biz/archives/2013/03/17/2003557254
Wal-Mart and H&M Pay $200,000 to Cambodian Workers in Historic Settlement
When tales emerge from the retail supply chain, they’re usually tragic, like the alleged sweatshop conditions at the Foxconn (HKG:2038) plants that churn out Apple (NASDAQ:AAPL) products, or the 112 Bangladeshi workers who died when their factory, where clothes for Wal-Mart (NYSE:WMT), Sears Holdings (NASDAQ:SHLD), ...
Low pay fuels anger among Cambodia's garment workers
As night falls thousands of weary workers stream from textile factories that fan out across Phnom Penh’s outskirts. The clothing industry’s desire for cheap labour having created an abundance of jobs but as the number of international clothes companies tapping into Cambodia’s workforce grows, so does ...
http://www.channelnewsasia.com/stories/afp_asiapacific/view/1259888/1/.html
NagaCorp raises $156 million from top-up placement
NagaCorp, a gaming and entertainment hotel complex operator in Cambodia, has raised HK$1.21 billion ($156 million) from a top-up placement, after fixing the price at the bottom of the indicative range. The deal was launched at around 6pm yesterday in Hong Kong time, and the ...
http://www.financeasia.com/News/336436,nagacorp-raises-156-million-from-top-up-placement.aspx
Sihanoukville land prices largely flat
Land prices in Preah Siahnouk province have risen slightly, by 5 to 10 per cent in early 2013, despite increasing numbers of tourists who have visited Cambodia and travelled to the province. Cheng Kheng, director of the CPL real estate company and president of Cambodian Valuers ...
http://www.phnompenhpost.com/2013031461949/Real-Estate/sihanoukville-land-prices-largely-flat.html
Camko City’s potential seen
Property experts say the Camko City project has a great deal of potential, after visiting and studying the satellite city last week. Kim Heang, general manager of Khmer Real Estate Co, said that he is very interested in Camko City because he has seen that it ...
http://www.phnompenhpost.com/2013031461948/Real-Estate/camko-city-s-potential-seen.html
Deputy Prime Minister Says Homeless People A worry For Tourism
Deputy Prime Minister Men Sam An yesterday said the government should clear beggars away from the country’s most popular tourism sites by providing them with decent education and legal ownership of their land. “We have performed well in working with homeless people, but I noticed ...
Thailand, Cambodia mull joint business, trade body
Thailand and Cambodian signed an agreement for the formation of a joint business council to promote bilateral trade and investment. The memorandum of understanding was officially endorsed on Tuesday evening by Thai Prime Minister Yingluck Shinawatra and her Cambodian counterpart Hun Sen on the sidelines of ...
http://www.pattayamail.com/news/thailand-cambodia-mull-joint-business-trade-body-23289
Turkey to enhance diplomatic ties with Cambodia
Turkey is willing to establish an embassy residence in Cambodia in order to promote bilateral relations and cooperation between the two countries, the newly- designated ambassador of Turkey to Cambodia, Osman Bulent Tulun said Tuesday. The two countries’ bilateral trade is relatively small. According to ...
Animal feed lucrative but demand not being met
The production of animal feed may be lucrative for family-run businesses, but production is failing to meet the local market’s demand, said industry experts. Ros Limhy, National Agriculture adviser for the Ministry of Agriculture, Forestry and Fisheries’ Tonle Sap Poverty Reduction and Smallholder Development project, and ...
Limited yarn supply troubles Cambodian silk industry
The silk industry of Cambodia is in rapid decline due to limited domestic supply of silk yarn and high cost of imported raw materials. According to the latest data released by the Food and Agriculture Organization (FAO)-Cambodia, the Southeast Asian nation imports 395 tonnes of raw ...
http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=122102
US Firm to Open Its Second Casino in Cambodia
A U.S.-listed gaming company is set to open its second casino in Cambodia next month, the company said as it announced its revenues had grown to more than $20 million in 2012. Entertainment Gaming Asia Inc. (EGA), which is backed by Macau-based Melco International Development Limited ...
http://www.cambodiadaily.com/business/us-firm-to-open-its-second-casino-in-cambodia-14421/
Cambodia’s Economic Growth Will Help Poverty Reduction
Cambodia economic growth was 7.3 percent in 2012. Agriculture grew by 4.3 percent, crops by 4.9 percent, fisheries by 6.7 percent, industry by 9.2 percent, garment [sector] by 6.9 percent and the service industry by 8.1 percent, said Dr Hang Chuon Naron, Secretary of State ...