Industries

Half million tourists travel Cambodia in one week

Nearly half a million tourists travelled across the country during the first week of January, with Preah Sihanouk province becoming the top destination, the Ministry of Tourism said. ...

Prak Chan Thul
https://kiripost.com/stories/half-million-tourists-travel-cambodia-in-one-week

Siem Reap int’l airport set for opening in fourth quarter

By the end of this year, Cambodia is all set to add more airport capacity to its existing facilities with the opening of the new Siem Reap Angkor International Airport. ...

Prakash Jha
https://www.khmertimeskh.com/501217284/siem-reap-intl-airport-set-for-opening-in-fourth-quarter/

Chinese arrivals remain constant despite loosening of restrictions

Despite China reopening its borders, arrivals from the nation in Cambodia remain constant, with tourism industry players saying it will take about two months to see any change. ...

Mao Sreypich
https://kiripost.com/stories/cambodia-chinese-arrivals-remain-constant-despite-loosening-of-restrictions

Tourism intervention package gets traction amid recovery

Seven months after the announcement of the $150 million co-financial intervention package, only $41.52 million has been released to the businesses affected by the Covid-19 pandemic by the state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) and other participating financial institutions, according ...

Kang Sothear
https://www.khmertimeskh.com/501216262/tourism-intervention-package-gets-traction-amid-recovery/

Tax break for textile-linked industries to stay till 2025

The government has extended a suspension of “advance income tax” until the end of 2025 for eligible textile-related enterprises, a good deal of which have been hurt by a drop in orders as a result of global economic headwinds linked to the ongoing Ukraine crisis. ...

May Kunmakara
https://www.phnompenhpost.com/business/tax-break-textile-linked-industries-stay-till-2025

Cambodia expects to receive about seven million international tourists by 2025

As Cambodia readies to welcome an expected influx of Chinese tourists, the Ministry of Tourism said that it expects Cambodia to receive about seven million tourists by 2025. ...

Khmer Times Staff
https://www.khmertimeskh.com/501215355/cambodia-expects-to-receive-about-seven-million-international-tourists-by-2025/

Cambodia’s Ministry of Tourism says country ready to receive return of Chinese investors and tourists

Cambodia’s Ministry of Tourism (MoT) have said that the kingdom is ready to welcome the return of Chinese investors and tourists, saying that their presence is vital for its tourism and socioeconomic development. ...

Khmer Times Staff
https://www.khmertimeskh.com/501215418/cambodias-ministry-of-tourism-says-country-ready-to-receive-return-of-chinese-investors-and-tourists/

Angkor Archaeological Park earned $11.5 million last year

Indicating a renewed interest in travelling, the famous UNESCO World Heritage Centre Angkor Archaeological Park, attracted 287,454 foreign tourists in 2022 and earned $11.5 million last year, the state-owned Angkor Enterprise said in a statement. ...

Adur Pradeep
https://www.khmertimeskh.com/501215023/angkor-archaeological-park-earned-11-5-million-last-year/

Garment exports likely to decline in first half of 2023

Orders for garments and footwear have not picked up in Cambodia last year, and it will continue to decline, according to a senior official of the Textile, Apparel, Footwear & Travel Goods Association in Cambodia (TAFTAC). ...

Sok Sithika
https://www.khmertimeskh.com/501215004/garment-exports-likely-to-decline-in-first-half-of-2023/

Cambodia ready to welcome return of Chinese investors, tourists

Cambodia’s Ministry of Tourism (MoT) said Thursday that the kingdom is ready to welcome the return of Chinese investors and tourists, saying that their presence is vital for its tourism and socioeconomic development. ...

Khmer Times Staff
https://www.khmertimeskh.com/501215188/cambodia-ready-to-welcome-return-of-chinese-investors-tourists/

Big $0.3B tyre plant finished ‘by May’

Construction work on a massive tyre factory in Sihanoukville Special Economic Zone (SSEZ) is expected to be completed by May, according to Preah Sihanouk Provincial Administration spokesman Kheang Phearom on January 3. ...

May Kunmakara
https://www.phnompenhpost.com/business/big-03b-tyre-plant-finished-may

Work starts on 108-meter-tall Buddha statue in Cambodia

Cambodia on Wednesday started to construct a 108-meter-tall Buddha statue on the top of Bokor Mountain here in the country’s southwestern coastal province. ...

Khmer Times Staff
https://www.khmertimeskh.com/501214456/work-starts-on-108-meter-tall-buddha-statue-in-cambodia/

287,454 international tourists visit world famous Angkor Archaeological Park in Cambodia in 2022

Cambodia’s famed Angkor Archaeological Park attracted 287,454 foreign tourists in 2022, earning $11.5 million from ticket sales, the state-owned Angkor Enterprise said in a statement on Wednesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501214463/287454-international-tourists-visit-world-famous-angkor-archaeological-park-in-cambodia-in-2022/

Tourism industry expert urges creation of more attractions

Tourism industry experts are anticipating an increase in visitors to the Kingdom during this year’s high season and encouraging communities in lesser-known areas to think creatively and find new ways to draw tourists out from the usual destinations. ...

Van Socheata
https://www.phnompenhpost.com/business/tourism-industry-expert-urges-creation-more-attractions

International brand plans local jewellery factory

A “well-known” but unnamed international brand has chosen Cambodia as the location to set up a new export-oriented jewellery factory, revealing plans to start investment operations in early 2024, the Council for the Development of Cambodia (CDC) reported. ...

Hin Pisei
https://www.phnompenhpost.com/business/international-brand-plans-local-jewellery-factory

Foreign tourists to reach 3m in 2023

Tourism leaders remain confident the sector will further rebound in 2023, attracting three million international arrivals. ...

Chhorn Raksmey
https://kiripost.com/stories/foreign-tourists-to-reach-3m-in-2023

2,534 high-rise buildings completed by 2022

According to a study issued on December 27, the Ministry of Management stated that from 2000 until November this year, 2,534 high-rise structures were constructed, including 1,674 in Phnom Penh, 685 in Sihanoukville, 131 in Banteay Meanchey, and 43 in other places. Among the high-rise buildings, ...

Mao Sreypich
https://kiripost.com/stories/2534-high-rise-buildings-completed-by-2022

Int’l visitors top 1.9M in Jan-Nov, on track to hit full-year target

Cambodia welcomed more than 1.914 million international visitors in the first 11 months of 2022, up nearly 12-fold on-year, in an improvement largely attributed to effective pandemic management and the relatively early adoption of a “Living with Covid” approach. ...

Hin Pisei
https://www.phnompenhpost.com/business/intl-visitors-top-19m-jan-nov-track-hit-full-year-target

Poipet fire kills 26 and injures 57

The blaze that tore through a Poipet casino has killed 26 people and injured 57, with most of the victims Thai, Banteay Meanchey Provincial Governor Oum Reatrey said. ...

Chhorn Raksmey
https://kiripost.com/stories/poipet-fire-kills-26-and-injures-57

Condo oversupply persists amid low FDI and foreign buyers

Total foreign direct investment (FDI) to the real estate sector peaked at $3.6 billion in the years preceding Covid-19, where half of the approved investments was backed by Chinese investors. In 2019 alone, FDI financing in the property and real estate development in Cambodia stood around ...

Sangeetha Amarthalingam
https://kiripost.com/stories/condo-oversupply-persists-amid-low-fdi-and-foreign-buyers

Ten new projects to create more than 8,000 jobs: CDC

The Council for the Development of Cambodia (CDC) notices issued month-to-date reveal that it has greenlit 10 new projects worth nearly $50 million, mostly involved in garments, footwear and packaging. ...

May Kunmakara
https://www.phnompenhpost.com/business/ten-new-projects-create-more-8000-jobs-cdc

New Year sees over two million tourists nationwide

With the country having controlled the spread of Covid-19, Cambodians and foreigners were able to celebrate the New Year and more than two million tourists were recorded in two days. ...

Khmer Times Staff
https://www.khmertimeskh.com/501212322/new-year-sees-over-two-million-tourists-nationwide/

China funds construction of 30 roads in Cambodia

Prime Minister Hun Sen has spoken highly of the key contribution of China to the connectivity in Cambodia by financing the construction of 30 roads across the country. ...

Khmer Times Staff
https://www.khmertimeskh.com/501209416/china-funds-construction-of-30-roads-in-cambodia/

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