Industries

Rise in foreign tourist arrivals

The number of foreign tourists arriving in Cambodia increased 23 per cent in the third quarter of the year compared to the same period last year, according to new statistics from the Ministry of Tourism. ... The data show the number of tourists who arrived in the ...

http://www.phnompenhpost.com/index.php/2012110259529/Business/rise-in-foreign-tourist-arrivals.html

Over 2.5 million visitors to Cambodia in the first nine months of 2012

Cambodia attracted some 2.57 million international visitors in the first nine months of this year, a 24% rise compared with the same period last year, a report from the Ministry of Tourism showed on Wednesday. ... ...

http://www.traveldailynews.com/news/article/51858/over-2-5-million-visitors-to

Hong Kong seeking trade ties

During a visit to Phnom Penh this week, Greg So, Hong Kong’s Secretary for Commerce and Economic Development, reiterated Hong Kong’s desire to be inducted into the ASEAN-China Free Trade Agreement and highlighted Cambodia as a potential beneficiary for foreign direct investment from Hong Kong. In So’s view, economic ...

http://www.phnompenhpost.com/index.php/2012103159498/Business/hong-kong-seeks-trade-ties.html

Dolphins drive tourism

Kratie, a province in northeast Cambodia has seen an improvement in tourist arrivals and length of stay since the Mekong Discovery Trail project was established in 2007. The Mekong Discovery Trail is a co-operative effort with the Cambodia’s Ministry of Tourism and has the support of ...

http://www.ttrweekly.com/site/2012/10/dolphins-drive-tourism/

CAMBODIA: H&M hits back at low wage claims

Swedish fashion retailer H&M has hit back at accusations that it fails to pay adequate wages to workers in Cambodian factories making its clothes - and says instead that the situation would be a lot worse if it didn't source from the country... ...

http://www.just-style.com/news/hm-hits-back-at-low-wage-claims_id115952.aspx

Communities want to ban gillnet use to protect dolphins

Fishermen representing five Cambodian communities will publicly express their support for a ban on gillnet use in a ceremony highlighting the importance of the Mekong River Irrawaddy dolphin. The event organised by the Commission for Dolphin Conservation and Development of the Mekong River Dolphin Eco-tourism Zone, ...

http://www.fis.com/fis/worldnews/worldnews.asp?l=e&country=0&special=&monthyear=&day=&id=56438&ndb=1&df=0

Hun Sen announces new airport

Prime Minister Hun Sen requisitioned 768 hectares of land on Saturday that will be used to build an international airport in Kampong Chhnang after 2025. During presiding over a land title distribution ceremony in Kampong Chhnang province, the prime minister announced the expansion of the airport. ...

http://www.phnompenhpost.com/index.php/2012102959448/Business/hun-sen-announces-new-airport.html

H&M slammed over wages

Criticism has mounted against Swedish multinational clothing company H&M in its home country following a documentary released last week that sheds light on wages in its source factories in Cambodia. The episode of Swedish network TV4’s Kalla Fakta, or Cold Facts, focuses mainly on Cambodian garment ...

http://www.phnompenhpost.com/index.php/2012102959442/National-news/ham-slammed-over-wages.html

Major boulevards increasing in price

The sale and purchase of land along the four major boulevards in Phnom Penh climbed up to 40 per cent in the third quarter of 2012, while the construction of offices is gradually on the rise, according to real estate experts. The growth of land prices ...

http://www.phnompenhpost.com/index.php/Real-Estate/land-price-along-boulevards-on-the-rise.html

Foreigners entering the condo market in Phnom Penh

The number of foreign owners of houses in Cambodia has soared in recent years after the government permitted foreigners to have rights over owning real estate in the Kingdom, according to officials of the Ministry of Land Management, Urban Planning and Construction. Speaking at the opening of ...

http://www.phnompenhpost.com/index.php/Real-Estate/foreigners-entering-the-condo-market-in-phnom-penh.html

Kratie meet pushes dolphin protection

Residents of Kratie province had an education in conservation yesterday as the government and outside partners reiterated a September sub-decree banning gill nets on a sizable stretch of the Mekong in a bid to protect the badly endangered Mekong River dolphin. Touch Seang Tana, head of the Commission ...

http://www.phnompenhpost.com/index.php/2012102559409/National-news/kratie-workshop-pushes-dolphin-protection.html

Cambodia issues licenses to 2,606 new firms in 9 months, up 11 percent

Cambodia had granted operating licenses to 2,606 new companies in the first nine months of this year, a 11 percent rise from 2,336 new firms at the same period a year ago, the report of the Commerce Ministry showed Wednesday. Those companies are dealing in the ...

http://www.globaltimes.cn/content/740110.shtml

Export diversity induces growth

In order for Cambodia to maintain the same rate of growth it has enjoyed in the past few years, exports need to diversify from textiles and tourism to modern services, said the World Bank’s country manager yesterday in Phnom Penh. “Cambodian firms are already tentatively exporting ...

http://www.phnompenhpost.com/index.php/2012102459390/Business/export-diversity-induces-growth.html

Cambodia's Ancient Silk Industry Hangs by a Fine Thread

...Welcome to Cambodia’s lone Silkworm Egg Production Center, and to the techniques that are being used to prevent and monitor diseases that are currently killing off more than 50 percent of all silkworm production in the country. Established by the U.N.’s Food and Agriculture Organization (FAO), ...

http://www.cambodiadaily.com/business/cambodias-ancient-silk-industry-hangs-by-a-fine-thread-4662/

Buying property by installment on the increase

The market for Khmer home-buyers purchasing property by installments is booming, according to experts. Keuk Narin, vice president of Asia Real Estate Cambodia, said the concept of buying homes by installments in Cambodia is very attractive to those whom want to buy a house. Almost all housing projects that offer installment purchases see good business, ...

http://www.phnompenhpost.com/index.php/Real-Estate/buying-property-by-instalment-on-the-increase.html

National Road 1 prices on the rise

Land prices along National Road 1 have climbed between 20 and 30 per cent after the road was extended in response to the increasing amounts of vehicles using it. ... The land that surrounds National Road 1 can be divided into three locations according to the ...

http://www.phnompenhpost.com/index.php/Real-Estate/national-road-1-prices-on-the-rise.html

Aviation in the Kingdom soaring with new flights and airport plans

Cambodian aviation continues its ascent with the Oct. 1 launch of Singaporean low-cost carrier Tiger Airway's daily direct service to Phnom Penh, ongoing airport expansions and the announcement of several new airport projects. ... Currently, there are more than 20 international airlines offering service to Cambodia for a ...

Businesses Look for Opportunities in Tourism Industry

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 ...

http://www.cambodiadaily.com/business/businesses-look-for-opportunities-in-tourism-industry-3714/

Signs point to more diverse investment projects in Cambodia

The effects of the global financial crisis in 2008 and 2009 on the Cambodian economy showed how perilous having a narrow economic base can be. Since the Kingdom's economy is dependent on a few "pillars"-garments, construction, tourism and agriculture-downturns in any of those sectors can ...

http://etmcambodia.com

Economy Strong but IMF Warns of Risks

Strong exports, increasing numbers of tourists and a recovering real estate sector are driving strong economic growth this year, but the gross domestic product outlook could still be offset by an unstable global economy, weak demand from the West and an overheating banking sector, the International ...

Cambodian Resorts on the Increase

International tourist arrivals into Cambodia have soared in the past year, with arrivals into Siem Reap up 30 per cent in the first eight months of 2012 over the same period the previous year. The tourist industry was hit hard by the global economic crisis in ...

http://www.phnompenhpost.com/index.php/Real-Estate/cambodian-resorts-on-the-increase.html

Chinese tourist numbers high

Foreign tourists visiting Cambodia increased more than 24 per cent for the first eight months of the year compared to the same period last year, while tourism officials expected Chinese visitors could be ranked number two in the Cambodian tourism market in the future. According to ...

http://www.phnompenhpost.com/index.php/2012100459105/Business/chinese-tourist-numbers-high.html

Silk Air celebrates 20 years in Kingdom

Nagaworld Hotel was the venue for Monday night’s occasion, exactly 20 years after the very first Silk Air flight into Phnom Penh on October 1, 1992. ... The event came on the same evening as the launch of Tiger Airways’ service between Phnom Penh and Singapore ...

http://www.phnompenhpost.com/index.php/2012100359054/Business/silk-air-celebrates-20-years-in-cambodia.html

IMF revises GDP projection for Cambodia upward to 7%

The International Monetary Fund has revised Cambodia’s economic growth projection to between 6.5 and 7 per cent, up from 6.2 per cent in April, saying the country could manage a sound macro-economy because of the growth in four main sectors: manufacturing, tourism, agriculture and construction. According to Ek ...

http://www.phnompenhpost.com/index.php/2012100359056/Business/imf-revises-gdp-projection-for-cambodia-upward-to-7.html

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