Industries
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/
ANZ Royal home loan center
More Cambodians took out home loans last year than the year before, prompting banks like ANZ Royal to provide specialized services for the growing sector. ...
May Kunmakara
http://www.khmertimeskh.com/news/36508/anz-royal-home-loan-center/
Feed mill to take bite out of growing import demand
Chip Mong Group is the latest conglomerate to invest into local production of animal feed, announcing this week that it will sink $60 million into building a large-scale feed mill and industrial piggery, a move that agricultural experts welcomed but said would still not be ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/feed-mill-take-bite-out-growing-import-demand
Feed mill to take bite out of growing import demand
Chip Mong Group is the latest conglomerate to invest into local production of animal feed, announcing this week that it will sink $60 million into building a large-scale feed mill and industrial piggery, a move that agricultural experts welcomed but said would still not be ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/feed-mill-take-bite-out-growing-import-demand
Casino tax revenue rises
The government collected $48 million from the casino industry last year, a rise of about 40 per cent compared with 2015. Ros Phearun, a deputy director-general of the Finance Ministry’s financial industry department, said that along with an effort by the government to improve tax revenue, ...
May Kunmakara
http://www.khmertimeskh.com/news/36411/casino-tax-revenue-rises/
Employers seek delay in garment pay reform
Plans to pay garment workers twice a month will be difficult for employers to implement, industry representatives have warned. The Labor Ministry is amending laws so companies will be required to pay staff twice a month, in a bid to protect workers from being abandoned by ...
Mom Kunthear
http://www.khmertimeskh.com/news/36429/employers-seek-delay-in-garment--pay-reform/
Pay protest amid fears owners skipped town
More than 600 workers from the capital’s Bodykids Fashion Wear factory protested on Friday and Saturday after management failed to pay them their February wages. ...
Sen David
http://www.phnompenhpost.com/national/pay-protest-amid-fears-owners-skipped-town