Industries
Play fair, say local producers
Manufacturers of local products want fair play. While they have been receiving some consumer-support for their products, they still face an uphill battle against the same products imported from neighboring countries. And many local producers say the government should be doing more to help them ...
Chea Vannak
http://www.khmertimeskh.com/news/36313/play-fair--say-local-producers/
Banteay Meanchey undergoes infrastructure boost
Banteay Meanchey province, nestled between the better known provinces of Siem Reap and Battambang, once suffered from a lack of business activity partly due to a long-running border dispute with Thailand. Recent indications, however, show the area is recovering some lost ground on the infrastructure ...
Vandy Muong
http://www.phnompenhpost.com/post-property/banteay-meanchey-undergoes-infrastructure-boost
Thai university to set up tourism school
Thailand’s Rajamangala University of Technology plans to set up a tourism and hospitality institute in Siem Reap province to build the capacity of Cambodians working in the tourism sector. ...
Chea Vannak
http://www.khmertimeskh.com/news/36200/thai-university-to-set-up-tourism-school/
South coast holds development key
Real estate and hotel developers have identified the southern coast of Cambodia as having tourism potential to encourage more business investment. ...
Chea Vannak
http://www.khmertimeskh.com/news/36111/south-coast-holds-development-key/
Joint Cambodia, Laos tour packages
Cambodia and Laos, in a bid to promote bilateral tourism, will create joint tour packages to facilitate the visit of tourists to both countries. The tour packages will focus on provinces, in both countries, that lie on either side of the Mekong river. ...
Sum Manet
http://www.khmertimeskh.com/news/36005/joint-cambodia--laos-tour-packages/
Decline in labor complaints compared with last year
Labor dispute complaints in the garment and textile sector declined last year compared with 2015, according to the Arbitration Council, which attributed the drop to the Trade Union Law. ...
Pech Sotheary
http://www.khmertimeskh.com/news/35923/decline-in-labor-complaints-compared-with-last-year/
PM: Green Belt for tourists
Prime Minister Hun Sen called for a Green Belt to be established at the country’s main tourist areas to supply holiday-makers with locally produced vegetables and meat, instead of importing them from neighboring countries. ...
Chea Vannak
http://www.khmertimeskh.com/news/35910/pm--green-belt-for-tourists/
Diversify to compete, WB economist says
Cambodia’s lagging agriculture and nascent manufacturing sectors need to diversify as the threat of regional competition heats up, a World Bank economist warned yesterday, while enumerating the challenges the Kingdom faces after having officially graduated into a lower-middle income country last year. ...
Kali Kotoski
http://www.phnompenhpost.com/business/diversify-compete-wb-economist-says
Pesticide causes mass fainting
Eighty garment workers in Kampong Cham province fainted yesterday morning due to pesticides sprayed on a rice field nearby, according to police. ...
Mom Kunthear
http://www.khmertimeskh.com/news/35714/pesticide-causes-mass-fainting/
Equipment sale ordered to pay wages
The Phnom Penh Municipal Court has issued a warrant for the temporary seizure of Top World Garment Cambodia Ltd’s property in order to get the employer to appear and find a solution for workers still owed their December salaries. ...
Sen David
http://www.phnompenhpost.com/national/equipment-sale-ordered-pay-wages
NagaCorp casino 2016 profits show modest growth
Cambodian casino operator NagaCorp Ltd posted a net profit of $184.2 million last year, a 7 percent increase over the previous year, with growth largely tempered by a lacklustre surge in business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh.While ...
Kali Kotoski
http://www.phnompenhpost.com/business/nagacorp-casino-2016-profits-show-modest-growth
Cambodian exports to US down
Cambodia’s total exports to the United States declined last year compared with 2015, due to uncertainties in the US presidential race and rising exports from Vietnam and new market player Myanmar. ...
May Kunmakara
http://www.khmertimeskh.com/news/35260/cambodian-exports-to-us-down/
Modest growth for NagaWorld
NagaWorld, a subsidiary of Hong Kong-listed NagaCorp, recorded a modest four percent increase in gross gaming revenue (GGR) last year, bringing the figure up to $500.8 million. ...
May Kunmakara
http://www.khmertimeskh.com/news/35315/modest-growth-for-nagaworld/
Something’s fishy with prahok
This year’s prahok season has left a bad taste in the mouths of those involved in making the pungent dish that is a staple in Cambodian cuisine. There are concerns that the vagaries in the mudfish catch, due to climate change and illegal exports to Vietnam, ...
Chea Vannak
http://www.khmertimeskh.com/news/35332/something---s-fishy-with-prahok/
Court taxes unemployed workers
About 100 workers from the Chung Fai Knitwear factory in Phnom Penh’s Meanchey district protested in front of the capital’s municipal court yesterday, demanding a judge remove a fee they are unable to pay. ...
Mom Kunthear
http://www.khmertimeskh.com/news/35171/court-taxes-unemployed-workers/
Minister plans railway for workers
The Labor Ministry is considering constructing a railway line connecting Phnom Penh and select provinces to special economic zones (SEZ) or industrial areas in response to the high number of road accidents involving commuting workers. ...
Mom Kunthear
http://www.khmertimeskh.com/news/34978/minister-plans-railway-for-workers/
Slowdown in services sector
A slow growth in tourism, and a slowdown in the logistics and real estate sectors could cumulatively have a knock-on effect that will threaten the overall growth of the country’s services sector, a report from the Ministry of Economy and Finance said yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/34626/slowdown-in-services-sector/
AirAsia to open Cambodia office
AirAsia, the Malaysia-based low-cost airline, will soon have an office in Cambodia to boost the number of tourist arrivals to the kingdom. The airline’s office will open soon, said AirAsia CEO Anthony Fernandes, after holding a meeting with Prime Minister Hun Sen in Switzerland on the ...
Chea Vannak
http://www.khmertimeskh.com/news/34625/airasia-to-open-cambodia-office/
Construction industry cooling down: analysts
Government revenue collected on property transfers and construction services dropped off by 25 percent last year, reflecting a slowdown of the Kingdom’s construction sector despite a surge in the reported value of investment in real estate development projects, according to analysts. ...
Hor Kimsay
http://www.phnompenhpost.com/business/construction-industry-cooling-down-analysts
ILO warns of Brexit threat to garments
Cambodia’s critical garment export sector could face major risks in both the short and long term from the U.K.’s surprise vote last year to exit the E.U., the International Labor Organization (ILO) has warned. ...
Zsombor Peter
https://www.cambodiadaily.com/business/ilo-warns-of-brexit-threatto-garments-123535/
Japanese investment in light industry desired
Cambodia hopes to see Japanese investment in the light industry sector, which will help develop the kingdom’s labor force. Minister of Commerce Pan Sorasak, in a meeting last week with Japanese Ambassador to Cambodia Hidehisa Horinouchi, asked Japan to consider investing in the light industry sector. ...
Chea Vannak
http://www.khmertimeskh.com/news/34342/japanese-investment-in-light-industry-desired/
Chinese top Angkor Wat
Most of the foreign tourists who visited the UNESCO World Heritage-listed Angkor Archaeological Park last year hailed from China, the Angkor Institute said yesterday. ...
Chea Vannak
http://www.khmertimeskh.com/news/34172/chinese-top-angkor-wat/
Affordable housing for all
Affordable houses for low-income earners and state workers will go on sale within two weeks after a groundbreaking ceremony on Saturday. The project, aimed at the lower middle class, low-income earners and state workers, will be restricted at first to low-income civil servants, said building contractor ...
Sok Chan
http://www.khmertimeskh.com/news/34013/affordable-housing-for-all/
Cambodia’s property market continues to trend upwards, evolve
2015 saw a spike in foreign direct investment (FDI), and the property sector was a big benefactor of these investments both in terms of headline investments in new development projects, and also from foreign individuals investing in one or numerous condos, SoHo units or strata ...
Post Staff
http://www.phnompenhpost.com/post-property/cambodias-property-market-continues-trend-upwards-evolve