Industries
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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
3,000 Factory Workers Block Road; Protests Set to Continue
About 3,000 workers at a factory supplying clothes to U.S. brands Levi Strauss and Old Navy blocked traffic for nearly five hours yesterday on National Road 4 in Kandal province, as part of a protest for more benefits and severance pay, protesters and police said. Protests ...
Government calls for more local products
Deputy Prime Minister Men Sam An has called for the greater use of local products in the tourism sector, as products from overseas that continue to supply the industry result in a 25 per cent loss in revenue for Cambodia’s US$2 billion-a-year tourism industry. ...
http://www.phnompenhpost.com/index.php/2012070457177/Business/government-call-local-products.html
Workers Strike at Factory Supplying US Brands
Roughly 4,000 garment workers at a factory supplying clothes for U.S. brands Gap, Levi Strauss and Old Navy went on strike yesterday and threatened to march in Phnom Penh on Thursday to demonstrate against poor pay. The demonstration took place at Tai Yang Enterprises in Kandal ...
Tourism Revenues Rise; Firms Urged to Buy Locally
Revenues from the tourism sector increased 7 percent to $1.91 billion in 2011, though more could be made if hotels sourced more goods from local producers instead of importing from abroad, Tourism Minister Thong Khon said yesterday. Speaking at a conference in Phnom Penh, Mr. Khon ...
Authorities Seize Excavators Constructing Illegal Reservoirs
Kompong Thom provincial military police confiscated 29 excavators and arrested four drivers in a four-day operation ending yesterday aimed at stopping the illegal construction of reservoirs around the Tonle Sap lake, officials said. The reservoirs, which are used to retain water for use in dry-season farming, ...
Office space growing as more firms set up shop in Phnom Penh
The supply of second-tier office space has increased during the first half of 2012 as the number of new firms in Phnom Penh city continues to grow, according to real estate experts. A study by Asia Real Estate Cambodia (ARC) found that office space in the “grade B” category now stands at ...
ASEAN projects to receive Around 1 07 million tourists in 2015
Cambodia’s tourism minister Thong Khon said this week that ASEAN is protected to gain around 107 million international tourists in 2015 as the bloc will create the community that year. Speaking at closing ceremony of the 10th Tour Guide Training and the Opening of 11th Tour Guide Training for Phnom Penh city at ...
Cambodia releases 600,000 fry, shrimps to observe 10th National Fish Day
At least 500,000 baby fish and 100,000 young shrimps had been released into a reservoir in the Eastern part of Cambodia on Sunday to mark the 10th National Fish Day. Annual event is aimed at encouraging people to actively join forces to preserve fish species ...
http://news.xinhuanet.com/english/business/2012-07/01/c_131687674.htm