Industries

Asian tourist numbers up, profits stagnant

The growth in international tourists visiting Cambodia is almost 27 per cent that of the numbers seen during the first six months of 2011, according to tourism officials who are predicting that the growth may be 25 per cent at the end of this year. Visitors ...

http://www.phnompenhpost.com/index.php/2012080757845/Business/asian-tourist-numbers-up-profits-stagnant.html

No Cause for Concern - Experts not worried about decrease in fixed-asset investment

At first glance, the numbers indicate Cambodia's investment climate has grown a little colder. Conditions appear to be worse than they were a year ago due to a big drop in total fixed assets for approved investment projects. However, economists say the Cambodia outlook is actually ...

http:///www.etmcambodia.com

Rep wrongfully fired from airport: union

The Cambodian Tourism and Service Worker’s Federation (CTSWF) is asking Minister of Labour Vong Sauth to intervene in the case of one union worker fired from a Phnom Penh International Airport company with no reason offered. Nin Kosal, who worked as union secretary for the Cambodia ...

http://www.phnompenhpost.com/index.php/2012080357796/National-news/rep-wrongfully-fired-from-airport-union.html

Cambodia: Is Adidas exploiting workers?

Am Phalla sits outside the factory gates of apparel maker Shen Zhou (Cambodia) Co. Ltd., sharing a lunch of rice, vegetables and fried fish with coworkers. She has been sewing clothes at Shen Zhou for a little less than a year, but is unaware that the ...

http://www.globalpost.com/dispatch/news/regions/asia-pacific/cambodia/120723/cambodia-factory-workers-minimum-wage-olympics

Officials pitch invesment from Thais

Cambodia's top economy builders are looking to bring back Thai investment that has departed the country since the onset of political clashes involving Preah Vihear temple in northern Cambodia. Officials at the Council for the Development of Cambodia (CDC) yesterday hosted 30 delegates from the Thai ...

http://www.phnompenhpost.com/index.php/2012072757653/Business/officials-pitch-for-invesment-from-thais.html

Indian envoy seeks direct flights to Cambodia

India's Ambassador Dinesh K. Patnaik pledged Tuesday to urge Indian airlines to operate direct flights to Cambodia in order to boost bilateral relations in trade, investment and tourism. ... ...

http://in.news.yahoo.com/indian-envoy-seeks-direct-flights-cambodia-061659956.html

Phnom Penh's new apartments soar on high rents

Real estate developments covered in green tarp have sprung up across the capital’s Boeung Kang Kong commune, and housing units are filling before the projects are finished, insiders said. The value of construction approvals in Phnom Penh jumped by 557.5 per cent in March to US$150.5 ...

http://www.phnompenhpost.com/index.php/2012071957504/Business/phnom-penh-apartments-soar-on-high-rents.html

Number of Condominiums Grows in Phnom Penh

The number of condominiums in Phnom Penh has increased 22 percent to 2,578 units since the beginning of the year, according to data released yesterday by Asia Real Estate Cambodia. The firm said that the majority of the new units came from the completion of 10 ...

Cambodia’s tourism growth rate slows

Arrivals from Thailand and Laos gained the highest growth rate in May of all Cambodia’s tourist suppliers according to the country’s latest tourism report. Released by the Statistics and Tourism Information Department of the Tourism Ministry, the report showed a slowdown in travel from Thailand during ...

http://www.ttrweekly.com/site/2012/07/cambodias-tourism-growth-rate-slows/

Charter flights fuel growth

Charter flights through Cambodia’s two international airports contributed to a 20 per cent year on year jump in passenger flow during the first half of 2012, according to the minister of tourism. About 1.03 million passengers arrived at Phnom Penh International Airport and and Siem Reap ...

http://www.phnompenhpost.com/index.php/2012071657429/Business/charter-flights-fuel-growth.html

Siem Reap Recognized As Cultural City Of East Asia In 2012

Siem Reap, home of world heritage Angkor Wat temple was recognized as the cultural city of East Asia 2012. The announced was made in the 13th ASEAN Plus Three Foreign Ministers' Meeting in Phnom Penh on July 10. "That is an honor for Siem Reap province, said Cambodian officials and tourism sector. The ...

http://thesoutheastasiaweekly.com/

Aspara studying ticket cost

Ticket prices for Angkor Wat will increase after a feasibility study is conducted by tourism experts, according to an official from the Apsara National Authority, the state-run body charged with maintaining the archaeological park. The experts were determining how feasible increasing entrance fees for Cambodia’s UNESCO ...

http://www.phnompenhpost.com/index.php/2012071357387/Business/apsara-studying-ticket-cost.html

Tourism Industry Will Continue to Contribute Economic Growth: Minister

The tourism industry will resume helping the economic growth of the country, Tourism Minister Thong Khon said this week. Currently we lost about 247 million US dollars on other facilities of tourism fields. He adds: "We agreed that the benefits from tourism have 25% leakage as we earn about 1.9 billion US dollars in ...

http://thesoutheastasiaweekly.com/

Brewery answers PM’s call for product exports

Khmer Brewery (KB), a locally owned company that produces Cambodia Beer, has made its first export to Japan, partly in response to Prime Minister Hun Sen’s call in mid-May for local food and beverage producers to push their products abroad. KB public-relations manager Sok Chantha said ...

http://www.phnompenhpost.com/index.php/2012071157337/Business/brewery-answers-pms-call-for-product-exports.html

Dozens of City Offices Privatized

The government last month privatized more than a dozen department and commune offices in some prime locations around Phnom Penh, and will move many of them to Sen Sok district, according to documents and officials. A sub-decree dated June 27 and signed by Prime Minister Hun ...

Tourism not hurt by outbreak

Cambodia's tourism sector has emerged from a “mystery disease” scare unscathed, industry insiders said yesterday, although some regional health authorities noted what the World Health Organisation called an outbreak of Enterovirus-71 (EV-71), which has killed at least 52 children in the Kingdom. “The disease has only ...

http://www.phnompenhpost.com/index.php/2012071157336/Business/tourism-not-hurt-by-outbreak-insiders.html

Looking back at riel history

For the past decade, Cambodia’s economy has steadily grown with GDP growth surpassing 5% on a compounded annual basis for the past twelve years. Nearly 58% of the populace is engaged in agriculture, while the service sector employs 26% and industry accounts for the remaining ...

http://www.phnompenhpost.com/index.php/2012071057308/Business/history-of-the-riel.html

ANZ report shows a vulnerable Cambodia

Cambodia and Thailand’s financial exposure to Europe would make the two counties the most vulnerable regionally, an ANZ Bank report showed. The Kingdom’s exports and tourism sectors were on increasingly unstable ground as Europe’s debt crisis advanced. ... ...

http://www.phnompenhpost.com/index.php/2012070957290/Business/anz-report-vulnerable-cambodia.html

Cambodia Reaching New Heights

As much of the world struggles with post growth, Cambodia's tourism and hospitality sector continued to expand and diversify, attracting more intraregional activity and especially from major emerging markets in Asia, MICE segments, as well as traditional leisure clientele. Like neighboring countries Thailand, Vietnam, Malaysia and Laos, Cambodia has quickly emerged into a well sought-after tourist ...

http://thesoutheastasiaweekly.com/

Cambodia Needs To Develop Qualified Tourism Skills, Private Sector Said

Mr. Luu Meng, president of hotel association in Cambodia said this week that Cambodia needs to develop tourism skills to compete with other countries in the ASEAN region as the kingdom has more opportunity to attract foreign visitors. "Our skills of hospitality are limited in the ...

http://thesoutheastasiaweekly.com/

Real estate firm ready for CSX listing

Bonna Realty Group will prepare to list on the Cambodia Securities Exchange, the company’s president said this week. The real estate firm joins a small but growing group of private companies that say they are gearing up for initial public offerings on the new exchange. ... ...

http://www.phnompenhpost.com/index.php/2012070657246/Business/real-estate-ready-for-csx.html

Long-Running Protest Still Without Resolution

About 2,000 workers at a factory supplying clothes to U.S. brands Levi Strauss, Gap and Old Navy were stopped by security forces yesterday as they attempted to march from Kandal province to the Ministry of Labor to protest for severance payments and additional benefits. Protests at ...

Hun Sen Asks Businesses to Serve Local Foods

Prime Minister Hun Sen yesterday reiterated comments made by government officials Tuesday that government institutions, hotels and restaurants should begin serving local cuisine and produce to generate more cash flow in the tourism sector. ... ...

Hun Sen shoots down free-visa plan

Prime Minister Hun Sen yesterday shot down calls for a free visa system for all ASEAN + 3 nations. The proposal would have included the ASEAN nations as well as China, Japan and South Korea. Minister of Tourism Thong Khon made the proposal during a Tourism Ministry ...

http://www.phnompenhpost.com/index.php/2012070557223/Business/pm-shoots-down-free-visa-plan.html

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