Industries

EGA reports Cambodian casino losses

Nasdaq-listed Entertainment Gaming Asia (EGA) reported a net loss of $6.7 million for the fourth quarter of 2016, compared with a loss of $2.7 million in the same time in 2015 largely due to the cancellation of its operations in Cambodia, the company said in ...

Kali Kotoski
http://www.phnompenhpost.com/business/ega-reports-cambodian-casino-losses

Master plan for tourism development

The Tourism Ministry has prepared a master plan for the development of the industry in provinces and cities to attract investment in the sector and create more products for tourists. However the country needs growth of at least 10 percent year-on-year to reach the target ...

Sok Chan
http://www.khmertimeskh.com/news/37450/master-plan-for-tourism-development/

Ministry says factory was operating illegally

Soeun Phal, a 27-year-old security guard, and Kong Phanny, a 61-year-old cleaner, died when a wood-fired steam generator exploded. The guard, who did not know how to operate the machine, had been seen adding more wood to the generator’s fire before the explosion, authorities and ...

Buth Kimsay and Hannah Hawkins
https://www.cambodiadaily.com/news/ministry-says-factory-was-operating-illegally-127868/

PM confirms sky is the limit for twin towers

At the official inauguration of the Hun Sen Boulevard on Monday, the prime minister proudly and publicly acknowledged the go-ahead for the Thai Boon Roong Twin Trade Center – the 133-storey twin skyscrapers that, when announced in February last year, was largely doubted by industry ...

Siv Meng
http://www.phnompenhpost.com/post-property/pm-confirms-sky-limit-twin-towers

Tourists increasing despite price

Revenue from ticket sales to foreign tourists visiting the Angkor Archaeological Park reached $30.85 million, up  51 percent in the first quarter of this year compared with the same period last year, according to report from Angkor Enterprise.   ...

Sok Chan
http://www.khmertimeskh.com/news/37269/tourists-increasing-despite-price/

VIPs roll into capital’s casino

Nagacorp Ltd, the Hong Kong-listed operator of Cambodia’s NagaWorld casino and hotel complex, posted $3.73 billion in VIP rolling chip volume during the first quarter of 2017, a 34 percent year-on-year increase, while mass market buy-ins and electronic gaming machine (EGM) growth remained steady, the ...

Kali Kotoski
http://www.phnompenhpost.com/business/vips-roll-capitals-casino

Japan pledges to boost silk industry

A Japanese beauty company is to invest in Cambodian silk production to supply the local market and export to Asia and the United States. Il Brille, which runs two beauty salons and a shop in Phnom Penh, uses silk in cosmetic treatments and products for customers. ...

Sok Chan
http://www.khmertimeskh.com/news/37173/japan-pledges-to-boost-silk-industry/

GTI growth from higher orders and lower costs

Taiwanese-owner garment manufacturer Grand Twins International (GTI), which posted a 44 percent surge in revenue and a massive 390 percent in net profit last year, attributed the surge to an increase in orders and the decrease of raw material costs, administration costs and total commissions, ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/gti-growth-higher-orders-and-lower-costs

Tourism as usual at Angkor Wat despite steeper fees

The steep increase in Angkor Wat ticket prices on February 1 did not discourage tourists from visiting the country’s chief tourist draw, as some feared, but it also did not reap any significant material gains for the government coffers, new data shows. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/tourism-usual-angkor-wat-despite-steeper-fees

Hoping to net more sea visits

The growing number of foreign visitors arriving by sea represents a promising source of tourism revenue for Cambodia, though limited port and tourism infrastructure has hampered its realisation, tourism stakeholders said yesterday. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/hoping-net-more-sea-visits

Cambodia signs deal with Chinese province

The Cambodian government signed a memorandum of understanding (MoU) with officials from China’s Shaanxi province aimed at bolstering trade and tourism, according to a release yesterday by the Ministry of Commerce. ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/cambodia-signs-deal-chinese-province

Push to reduce chemical dependency

The Ministry of Agriculture is working to develop a procedural framework for the trade and use of biological control agents (BCAs) in agriculture in an effort to improve crop yields, protect consumer health and ensure continued access to key export markets. Regulation could also create ...

Kali Kotoski
http://www.phnompenhpost.com/business/push-reduce-chemical-dependency

Coastal economy rises on tourist tide

Preah Sihanouk province welcomed nearly 2.4 million tourists in 2016, generating $96 million in revenue, following a significant rise in domestic and international tourist arrivals, a tourism official said yesterday. . ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/coastal-economy-rises-tourist-tide

Casino in Poipet shut; reasons unknown

A Poipet venue offering online gambling and affiliated with nearby Crown Casino was closed by authorities over the weekend, according to a company security official.​ ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/casino-poipet-shut-reasons-unknown

River Festival nets 140,000 tourists

The government’s three-day, third annual, River Festival in Steung Treng province that ended on Sunday attracted around 140,000 local and international tourists, the Ministry of Tourism announced yesterday. ...

Sum Manet
http://www.khmertimeskh.com/news/36931/river-festival-nets-140-000-tourists/

Tourist price rises curbed

The Ministry of Tourism on Thursday issued a prakas or order to curb price rises during big festivities in a bid to promote local tourism. The prakas, signed by Tourism Minister Thong Khon and released on Thursday said the ministry has told tourism operators to manage ...

Sok Chan
http://www.khmertimeskh.com/news/36934/tourist-price-rises-curbed/

World Heritage status, tourists threaten Angkor preservation

The global recognition given to the Angkor temple complex in Siem Reap—and other sites around the world that receive U.N. world heritage status—does as much to damage as it does to preserve the historical gem, according to a new research paper that was published in the ...

Matt Surrusco
https://www.cambodiadaily.com/news/world-heritage-status-tourists-threaten-angkor-preservation-127067/

Vinamilk to take full stake of Angkormilk

Vietnamese state-owned dairy giant Vinamilk intends to spend almost $11 million to buy its Cambodian partner’s entire stake in Angkor Dairy Products Co Ltd, better known as Angkormilk, according to Vietnamese media. ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/vinamilk-take-full-stake-angkormilk

Factories told to cool off for hot season

According to the official announcement, manufacturers in the textile, garment and footwear industry must do more to stop employees from fainting and suffering ill health as a result of working under excessive temperatures. ...

Mom Kunthear
http://www.khmertimeskh.com/news/36898/factories-told-to-cool-off-for-hot-season/

Government to help abattoir stay out of the red

The company behind Cambodia’s first industrial slaughterhouse has refuted local media reports that claimed the government intends to shut down the company, insisting that remarks made by the minister of agriculture last week were taken out of context. ...

Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/government-help-abattoir-stay-out-red

Hyatt Regency to open in Phnom Penh

Hyatt Regency added Cambodia to its growing footprint in Southeast Asia with a groundbreaking ceremony yesterday to lay the foundations of the international five-star hotel that is expected to open in Phnom Penh in 2020. ...

Sok Chan
http://www.khmertimeskh.com/news/36773/hyatt-regency-to-open-in-phnom-penh/

Specialist food factory shapes up

Confirel Co. Ltd. and Pharma Product Manufacturing Enterprise will unveil its $7 million factory in Phnom Penh to process Kampong Speu palm sugar and Kampot pepper by July, the company said. ...

Sok Chan
http://www.khmertimeskh.com/news/36732/specialist-food-factory-shapes-up/

Beer tops advertising budgets

Beer advertising is one of the fastest growing advertising segments in the Kingdom, though just as people often struggle to keep track of how many beers they have put away, the amount that local breweries and distributors actually spend on media placements is subject to ...

Lay Samean
http://www.phnompenhpost.com/business/beer-tops-advertising-budgets

Silk weavers find it tough

Today, mulberry trees are a rarity in Cambodia – most of them having been destroyed during the Khmer Rouge era – and silk weavers in Phnom Penh’s main silk producing area in Koh Dach, an island on the Mekong river, have no choice but to ...

Chea Vannak
http://www.khmertimeskh.com/news/36568/silk-weavers-find-it-tough/

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