Industries

Council approves Aeon 3 project

Japan’s Aeon Mall Co is to spend more than $200 million building its third shopping mall in Phnom Penh as the firm eyes the Kingdom’s burgeoning middle-class. Construction on Aeon Mall 3 in the capital’s Meanchey district is to begin early next year as a result ...

May Kunmakara
https://www.phnompenhpost.com/business/council-approves-aeon-3-project

Government wants developers to build more affordable homes

The government is urging more affordable housing development projects for lower and middle income people and the vulnerable because of rising demand from these groups. ...

Sok Chan
https://www.khmertimeskh.com/50673780/government-wants-developers-to-build-more-affordable-homes

Gov’t, World Bank preparing sustainable ecotourism plan

The Ministry of Environment is working with the World Bank to prepare a Sustainable Landscape and Eco-tourism project to improve the effectiveness of natural resources management, eco-tourism and the value chains of non-timber forest products in targeted provinces. ...

Voun Dara
https://www.phnompenhpost.com/national/govt-world-bank-preparing-sustainable-ecotourism-plan

Over 1,000 constructions inspected, 27 demolished

Authorities demolished 27 constructions that were found to have posed a high risk to safety. They ordered another 636 sites to sign contracts agreeing to comply with legal procedures this year, a government report said on Wednesday. ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/over-1000-constructions-inspected-27-demolished

Workers faint in Svay Rieng shoe factory: Officials

Dozens of workers at the Kingmaker Footwear factory in Svay Rieng province fainted yesterday evening, and the authorities are baffled at what caused it, said government and union officials. ...

Mom Kunthear
https://www.khmertimeskh.com/50673467/workers-faint-in-svay-rieng-shoe-factory-officials

Ith Samheng mulls pension scheme delay

Labour Minister Ith Samheng yesterday said he will look into a request by employers to delay implementing a pension scheme for garment and footwear workers slated for next year.​ ...

Mom Kunthear
https://www.khmertimeskh.com/50672920/ith-samheng-mulls-pension-scheme-delay

Online crackdown continues

Prime Minister Hun Sen has vowed to clamp down on all online and arcade gambling operations in a move to safeguard national security and curb money laundering in the Kingdom. ...

Khuon Narim
https://www.khmertimeskh.com/50672721/continue-to-crack-down-on-online-and-arcade-gambling-pm

UAE firm sets sight on oil in Kingdom

Mubadala Petroleum, one of the UAE’s largest oil and gas companies, is looking for investment opportunities in the Cambodian oil sector, said a senior official at the Ministry of Mines and Energy. Mubadala Petroleum CEO Mazin al-Lamki expressed interest in investing in Cambodia’s oil sector ...

Thou Vireak
https://www.phnompenhpost.com/business/uae-firm-sets-sight-oil-kingdom

Labour ministry to check provision of seniority payments

The Ministry of Labour and Vocational Training is preparing to send officials to check on whether the second phase of seniority payments will be provided to garment factory workers at the end of the year, said ministry spokesman Heng Sour. Last year, the ministry announced ...

Long Kimmarita
https://www.phnompenhpost.com/national/labour-ministry-check-provision-seniority-payments

Mango exporters urged to set up hi-tech packaging plants

Ngin Chhay, the director-general of the General Directorate of Agriculture at the Ministry of Agriculture, Forestry and Fisheries, on Thursday urged the private sector to set up more mango packaging plants that comply with South Korea and China’s hygiene and quality standards. ...

Thou Vireak
https://www.phnompenhpost.com/business/mango-exporters-urged-set-hi-tech-packaging-plants

Gov’t approves $9B worth of building projects in 2019

The government has approved more than $9 billion this year for capital investment in the construction sector, a nearly 80 per cent increase on last year, with most of the growth coming from projects in Sihanoukville, according to Minister of Land Management, Urban Planning and ...

Hin Pisei
https://www.phnompenhpost.com/business/govt-approves-9b-worth-building-projects-2019

Garment factories opening despite potential loss of EBA deal: report

Garment factories continue to open in the Kingdom despite the looming threat Cambodia faces of losing its Everything-but-arms (EBA) status with the European Union, a report published recently notes.​ ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50666883/garment-factories-opening-despite-potential-loss-of-eba-deal-report/

Coal-fired power plant to come online in S’ville this month

A 135-megawatt coal-fired power plant will start producing energy this month in the coastal province of Preah Sihanouk, according to a high-ranking energy official. The plant is seen as an important element in the government’s strategy to deal with the current energy shortage. ...

Chea Vannak
https://www.khmertimeskh.com/50666710/coal-fired-power-plant-to-come-online-in-sville-this-month/

Revenue, visitors at Angkor temples down again

Visitors to the world-famous Angkor Archaeological Park, Cambodia’s most important tourist draw, were down significantly during the first eleven months of the year.​ According to the latest report from Angkor Enterprise, who manages ticket sales at the temple complex, from January to November, revenue from ...

Chea Vannak
https://www.khmertimeskh.com/50666505/revenue-visitors-at-angkor-temples-down-again/

Mekong countries agree to strengthen tourism cooperation

Greater Mekong Subregion (GMS) countries have agreed to boost tourism cooperation, including improving infrastructure and marketing techniques and developing human resources. During the 44th GMS Tourism Working Group Meeting, held last week in Siem Reap, the six countries that form GMS signed an agreement to ...

Sok Chan
https://www.khmertimeskh.com/50665908/mekong-countries-agree-to-strengthen-tourism-cooperation/

Casino investment boosts Kingdom’s construction sector

Increasing casino investment has brought the construction sector to provinces along Cambodia’s borders, World Bank (WB) senior economist for Cambodia Ly Sodeth said on Wednesday. In the latest WB Cambodia Economic Update (CEU) report published on Wednesday, Sodeth said that the construction sector has boomed in Banteay ...

Thou Vireak
https://www.phnompenhpost.com/business/casino-investment-boosts-kingdoms-construction-sector

Gov’t creates tourism development committee

The National Tourism Development Committee was created this month to boost the development of one of Cambodia’s most important economic drivers. ...

Chea Vannak
https://www.khmertimeskh.com/50665275/govt-creates-tourism-development-committee/

Ministry: Construction workers must upskill

Ministry of Labour and Vocational Training official Teang Sak on Wednesday urged the private sector to work with the government in improving the skills of workers to meet the needs of the fast-growing construction sector. ...

May Kunmakara
https://www.phnompenhpost.com/business/ministry-construction-workers-must-upskill

World Bank: Growth at 7% for this year

Cambodia’s economy remained robust, underpinned by solid export performance and strong domestic demand, even as real growth is expected to decelerate to 7.0 per cent this year from 7.5 per cent last year, the latest World Bank Cambodia Economic Update said on Wednesday. ...

Thou Vireak
https://www.phnompenhpost.com/business/world-bank-growth-7-year

Parties urged to resolve dispute over construction disturbance

The 20 families had filed a complaint with the authorities against Company China Construction, which was legally authorised to build a 52-storey building in Chamkarmon district’s Tonle Bassac commune in Phnom Penh. ...

Long Kimmarita
https://www.phnompenhpost.com/national/parties-urged-resolve-dispute-over-construction-disturbance

US investors look into tourism opportunities in Cambodia

US investors are eyeing opportunities in Cambodia’s tourism sector, while the number of US visitors in the country remained low and is declining, said the Ministry of Tourism. Data from the Ministry of Tourism said US visitors who travelled to the Kingdom accounted for only 3.7 ...

Thou Vireak
https://www.phnompenhpost.com/business/us-investors-look-tourism-opportunities-cambodia

Apsara raises concerns over illegal construction in Angkor

The Apsara National Authority expressed concern over illegally built structures along Siem Reap’s Angkor resort area. Apsara National Authority spokesman Long Kosal told The Post on Monday that many residents of the Angkor resort area, who had requested building permits from the Apsara National Authority, ...

Long Kimmarita
https://www.phnompenhpost.com/national/apsara-raises-concerns-over-illegal-construction-angkor

Chinese firms set to invest in car assembly, fertiliser plants

Two Chinese companies plan to invest in a car assembly plant and an organic fertiliser processing plant in Cambodia, following a visit by a delegation of 20 company representatives from Shandong province last week. The delegation was led by Shandong provincial vice-governor Wang Shujian, who met ...

Post Staff
https://www.phnompenhpost.com/business/chinese-firms-set-invest-car-assembly-fertiliser-plants

Garment, travel goods exports will stay strong, says minister

Minister of Commerce Pan Sorasak on Thursday expressed his optimism that garment, textile, footwear and travel goods exports will continue to enjoy strong growth over the next few years. He cited better working conditions and labour compliance as the main drivers of the Kingdom’s industrial ...

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