Industries

Hospitality sector booked out for Lunar New Year

When Chinese and Vietnamese tourists will flock into Cambodia’s Siem Reap province for Lunar New Year, heightened demand for accommodation may make things tough, insiders say. Ang Kim Eang, president of the Cambodian Association of Travel Agents, said that while many Chinese and Vietnamese tourists will ...

http://www.phnompenhpost.com/2013020861256/Business/hospitality-sector-booked-out-for-lunar-new-year.html

Cambodia attracts 9.17 bln USD investment from China in last 18 years

Cambodia has attracted 9.17 billion U.S. dollar investment from China in the last 18 years ( 1994-2012), making China become the largest investor in this country, showed a government report on Wednesday. According to the report, China’s investment in Cambodia focused on the fields ...

http://news.xinhuanet.com/english/business/2013-02/06/c_132154931.htm

Capital ideas for developers

Peering out over the Tonle Sap River in Phnom Penh from a sixteenth-storey private balcony at the new Bellevue Apartments, one could watch for hours as cranes swing back in forth over all the new developments on the west side of the water. “Phnom ...

http://www.bangkokpost.com/business/economics/332995/capital-ideas-for-developers

Israel envoy pledges to boost tourism, agriculture ties with Cambodia

Bangkok-based new ambassador of Israel to Cambodia Simon Roded on Monday expressed Israel’s desires to promote bilateral ties with Cambodia in tourism and agriculture. Speaking during presenting credentials to President of Cambodia ‘s National Assembly Heng Samrin, who received the credentials on behalf of King Norodom ...

http://news.xinhuanet.com/english/world/2013-01/28/c_132133078.htm

Cambodia, UAE set to boost cooperation in economics, tourism

Cambodia and the United Arab Emirates (UAE) are in talks to promote bilateral cooperation in trade, investment and tourism on Wednesday. In the meeting, both sides discussed a Memorandum of Understanding (MoU) on aviation in order to enable UAE airlines to operate direct flights from ...

http://news.xinhuanet.com/english/world/2013-01/23/c_132123114.htm

A road runs through them

UP AND down a 4km stretch of highway on the northern outskirts of Phnom Penh, about 3,000 of Cambodia’s Cham minority have built a life. Their distinctive Muslim culture thrives in conditions of close-knit community, a stark contrast to the shattering days the country endured ...

http://www.economist.com/blogs/banyan/2013/01/cambodia%E2%80%99s-cham

Ministry of Tourism to Target Chinese Visitors

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 ...

http://www.cambodiadaily.com

Two million tourists from China by 2020: official

Cambodia would host about two million Chinese tourists in 2020, a Cambodian official predicted yesterday. The forecast accompanied figures released by Chinese officials saying the number of Chinese tourists globally would reach 200 million by 2020. ASEAN countries had attracted nine million Chinese tourists last ...

http://www.phnompenhpost.com/2013012360934/Business/two-million-tourists-from-china-by-2020-official.html

Government okays maize imports

The cabinet approved a plan for the Public Warehouse Organisation to import 450,000 tonnes of tariff-free maize from Laos and Cambodia. Another 250,000 tonnes of maize would be imported from Cambodia, with 100,000 tonnes in August and another 150,000 tonnes between November and January 2014 ...

http://www.bangkokpost.com/business/economics/331949/government-okays-maize-imports

ASEAN ministers vow to deepen tourism cooperation

Representatives of the ten ASEAN nations met on Sunday in Laos’ capital of Vientiane to launch the ASEAN Tourism Forum (ATF), where they pledged to expand tourism cooperation and discussed creating a pan-ASEAN tourist visa. The ATF, which was first held in 1981, is designed to ...

http://news.xinhuanet.com/english/world/2013-01/20/c_132115298.htm

Cambodia's economy to grow by 6.7% this year: WB

Cambodia’s economy is expected to grow by 6.7 percent in 2013 thanks to anticipating increases in agriculture, foreign direct investment (FDI) and tourism, the World Bank said in its latest outlook Wednesday. “The growth is based on achieving the dividends from focus on higher rice ...

http://news.xinhuanet.com/english/business/2013-01/16/c_132106591.htm

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/

Bribery a challenge for Cambodia's tourism sector

The tourism sector has complained about the attempted extortion and bribery by officials at the international border checkpoints that still upset tourists coming into Cambodia. The issue was raised yesterday during a meeting of the Interministerial Committee for Facilitating the Travel and Transport of Tourists and ...

http://www.phnompenhpost.com/2013011560779/Business/bribery-a-challenge-for-cambodia-s-tourism-sector.html

Cambodia's World Heritage Angkor Wat attracts 2.06 mln foreigners in 2012

Cambodia’s Angkor Wat Temple, one of the World Heritage Sites, received 2.06 million foreign visitors last year, up 28 percent compared to 1.61 million in a year earlier, a tourism report said Tuesday. The temple greeted 339,530 South Koreans last year, up 23 percent year-on-year; ...

http://news.xinhuanet.com/english/culture/2013-01/15/c_132103894.htm

Cambodia gains 3.5 million tourist arrivals in 2012

Cambodia in 2012 received 3.5 million foreign visitors, an increase of 25 per cent if comparing to 2011 and earned 2 billion US dollars for national income this year, tourism minister said on January 10. He also said:  for 2011, there were 8 million of ...

http://thesoutheastasiaweekly.com/?p=5285

Cambodia faces risks from a credit boom, the IMF warns

The International Monetary Fund has warned that a credit boom in Cambodia poses a threat to economic growth. Banks have been cutting interest rates to win customers and private sector credit has increased by almost a third in the past 12 months, the fund said. This ...

http://www.bbc.co.uk/news/business-20954841

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/

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