Industries

Villagers to block roads in protest

Hundreds of people whose land has been swallowed by a giant Chinese tourism project on the coast of Koh Kong province will attempt to demonstrate their grievances today by blocking national roads 4 and 48, villagers and human rights workers said Protesters have been resisting China’s ...

EU crisis hurting silk sector

Europe’s continued economic troubles have weighed heavily this year on Cambodian silk producers, officials and industry insiders said yesterday. Debt woes in the euro zone, the Kingdom’s main export market for silk, have caused job losses, among other issues, according to officials. Cambodian Craft Cooperation, ...

Rann Reuy
http://www.phnompenhpost.com/index.php/2011120153074/Business/eu-crisis-hurting-silk-sector.html

60 businessmen protest annulment of fishing lot licenses

About 60 businessmen from Kompong Cham province protested at the Agriculture Ministry yesterday over Prime Minister Hun Sen’s decision to cancel their bids to operate fishing lots. Mr Hun Sen on Friday annulled the results of an October bidding process for companies interested in operating fishing lots ...

Koh Kong families demand better eviction compensation

A group of about 30 families in Koh Kong province’s Botum Sakor district said yesterday that they would continue to resist attempts to evict them in order to make way for a Chinese mega-tourism project, unless authorities improve their compensation offer. Villager Prum Sann said the ...

Airport expansion key to Kingdom tourism

The Kingdom needs US$270 million to expand its three airports if the country is to meet its growing demand as a tourist destination, Cambodia Airport CEO Emmanuel Menanteau said yesterday. The total number of visitors passing through the Kingdom’s airports will approximately double every 10 years, ...

http://www.phnompenhpost.com/index.php/2011111752799/Business/airport-expansion-key-to-kingdom-tourism.html

Boeng Kak evictees protest, demand compensation

About 150 former Boeng Kak lake residents staged a protest at Phnom Penh’s Freedom Park yesterday, demanding more compensation than they initially received when they were evicted from their homes to make way for a real estate project owned by the firm of a CPP ...

Increase in visitors to Preah Vihear

Foreign visitors to the 11th-century Preah Vihear temple, on the Cambodian-Thai border, rose almost 78 per cent between January and October compared with the same period last year, despite a deadly border dispute that drew international attention in February. About 2,140 foreign nationals visited the 1,000-year-old ...

http://www.phnompenhpost.com/index.php/2011111152694/Business/increase-in-visitors-to-preah-vihear.html

Tourism will drive food service sector growth zzz

Cambodia will require an additional 1,000 restaurants by 2020 to service the Kingdom’s growing tourism sector, Ministry of Tourism officials say. By 2020, seven million international visitors, and as many as 10 million domestic tourists, were expected to visit the country’s tourist destinations each year, Tith ...

http://www.phnompenhpost.com

Tourist arrivals grow 15% in first nine months

Visitor arrivals to Cambodia saw a year-on-year increase of 15 percent in the first nine months of 2011, reaching more than 2 million people, according to new figures released by the Tourism Ministry yesterday. The figures showed that, from January to September, arrivals by air increased ...

Beverage firms, telcos lift revenues

Advertising companies generated $73.6 million in revenue during the first nine months of the year, a 28 percent increase compared to the same period in 2010, according to data released by marketing research firm Indochina Research. Beverage and telecommunication companies led the way, spending $12.75 million ...

Subpar sanitation, high food prices curbing growth, UN says

Economic growth in Cambodia is being hampered by poor sanitation and hygiene, and rising food prices are leaving people struggling to afford basic produce for a balanced diet, according to a report released yesterday by the UN Development Program (UNDP). The UNDP’s 2011 Human Development Report ...

Japanese mall buys swathe of prime real estate

In one of Phnom Penh’s biggest land deals to date, Japanese shopping mall developer Aeon Mall Co Ltd has bought 6.7 hectares of prime real estate from South Korea’s GS Engineering & Construction, a firm that was once slated to build the tallest building in ...

Tourists discouraged from visiting orphanages

NGO Friends International launched a government-backed campaign yesterday to discourage visitors from participating in “orphanage tourism” in an effort to protect children from being exploited, organizers said yesterday Citing an unreleased report by Unicef and the Ministry of Social Affairs, James Sutherland, international communications coordinator for ...

Dredging ends, effects linger

Ruling party Senator Ly Yong Phat has kept a promise to stop his company’s dredging operations on Koh Kong province’s Tatai river, relieved business owners and residents living along the waterway said yesterday. But provincial officials confirmed that as the senator’s dredging boats moved on to ...

http://www.phnompenhpost.com/index.php/2011102052249/National-news/dredging-ends-effects-linger.html

Cambodia establishes Constructors Association

The Constructors Association (C.A.) was officially formed on October 7th with an aim to develop the country’s construction and real estate sector. The C.A. launching ceremony was presided over by Senior Minister and Minister of Land Management, Urban Planning and Construction H.E. Im Chhun Lim. ...

http://thesoutheastasiaweekly.com/

Cambodia hosts 3rd World Eco-Tourism Forum

Cambodia hosted the 3rd World Ecotourism Conference on October 3rd at the famous costal province—Preah Sihanouk—in an aim at developing the Asia Pacific region as a leading ecotourism destination. To celebrate the acceptance of the Cambodia costal zone (Preah Sihanouk Ville, Koh Kong, Kep and Kampot) ...

http://thesoutheastasiaweekly.com/

FDI soars 250% over last year

Foreign direct investment in the Kingdom soared 250 per cent year-on-year through August even despite the West’s economic woes, Deputy Prime Minister Sok An said yesterday. A total of 87 projects worth US$5.6 billion were approved by the Council for the Development of Cambodia during the ...

http://www.phnompenhpost.com/index.php/2011101352107/Business/fdi-soars-250-over-last-year.html

Banking sector shows growth in 3rd quarter

Taking advantage of strong economic growth this year, two of the country’s largest banks have posted strong third-quarter earnings. Acleda Bank yesterday reported a net profit of $32.68 million in the first three quarters of the year, almost double the amount over the same period last ...

Hotel dispute headed for Siem Reap court

UNION officials fired another volley in their battle against a hotel yesterday by announcing that they would file a complaint today with a Siem Reap court, as their protests continued to draw unwanted attention to the tourist town. The Cambodian Tourism and Service Workers Federation complaint ...

http://www.phnompenhpost.com/index.php/2011101152039/National-news/hotel-dispute-headed-for-siem-reap-court.html

Carbon credit for Seima Area

A carbon credit project is in the works for the Seima biodiversity areas in Kartie and Mondulkiri provinces. During a meeting between Chan Sarun, Minister of Agricultural, Forestry and Fisheries and Colin Poole, Director of Asia Programs for the Wildlife Conservation Society (WLCS) on Sept ...

http://www.etmcambodia.com/

Demand for city property slowly returning

Phnom Penh is making a comeback after years of sluggishness and weak demand in the property sector, real estate agents said. Rose Condominiums, a project in Chamkar Mon district consisting of eight 28 and 29-story towers holding more than 350 units, has already sold out ahead ...

Travel to coast down during Pchum Ben

Bad weather scared tourists from Cambodian beaches and other popular travel destinations during a three-day national holiday, provincial tourism officials said yesterday. Preah Sihanouk province saw a 30 to 35 percent drop in tourist numbers during the Pchum Ben holiday, which ended Wednesday, Seng Kha, deputy ...

http://www.phnompenhpost.com/index.php/2011093051878/Business/travel-to-coast-down-during-pchum-ben.html

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