Industries

Steel firm mulls factory in SSEZ

A Chinese steel company is in talks with Sihanoukville Special Economic Zone (SSEZ) to set up an industrial facility in the zone, a marketing executive said on Saturday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/steel-firm-mulls-factory-ssez

New terminal planned at poipet border gate

A new customs and immigration terminal is planned at the Poipet International Border Gate in Banteay Meanchey province, on the Cambodian side of the common border with Thailand, to cater to an expected increase of foreign tourists when the railway linking both countries is completed ...

Chea vannak
http://www.khmertimeskh.com/news/31657/new-terminal-planned-at-poipet-border-gate/

Seminar to discuss safety

Ministry of Land Management, Urban Planning and Construction is preparing to host a construction seminar next week that will discuss the criteria for issuing building permits and also tackle problems related to construction site management. ...

Sum Manet
http://www.khmertimeskh.com/news/31661/seminar-to-discuss-safety/

Asean property markets beckon investors

Aliwassa Pathnadabutr, managing director of property consultant CBRE Thailand, said prime residential property for rent in the Cambodian capital has posted the highest yield among all sectors at 8% per year. Selling prices remain relatively low, but rents are high. ...

Kanana Katharangsiporn
http://www.bangkokpost.com/business/news/1124901/asean-property-markets-beckon-investors

Cambodia-Australia affordable houses venture

Cam Top Property Group, from Cambodia, and Australia-based Cate Group have come together to jointly invest $25 million in an affordable housing project that will be launched next week for low middle- and middle-income Cambodians. ...

Sum Manet
http://www.khmertimeskh.com/news/31605/cambodia-australia-affordable-houses-venture/

Boom times in Preah Sihanouk

The property sector in Preah Sihanouk province seems to be booming, thanks to new project developments, the growth in tourism and a twinning program between the province and Zhencheng district in China’s Guangdong province. ...

Sum Manet
http://www.khmertimeskh.com/news/31370/boom-times-in-preah-sihanouk/

Preah Sihanouk factories close

Two garment and textile factories in Preah Sihanouk province have signaled their insolvency, and called on creditors to file for compensation with their administrators before Monday. ...

Sok Chan
http://www.khmertimeskh.com/news/31366/preah-sihanouk-factories-close/

Kampong Cham piques the interest of developers

Kampong Cham may no longer be the quiet city it is today if its purported economic potential continues to be realised. Local developers have already taken a keen interest in the town with the development of the first borey underway. ...

Siv Meng
http://www.phnompenhpost.com/post-property/kampong-cham-piques-interest-developers

Plotted land trend spreading to numerous provinces

While big-scale land selling seems to be grinding to a halt, plotted land sales are understood to be picking up speed, spreading from Phnom Penh to many other provinces. ...

Siv Meng
http://www.phnompenhpost.com/post-property/plotted-land-trend-spreading-numerous-provinces

Camko city denies land sale

After a real estate agent was convicted of illegally selling plots of land within Camko City development project, a senior figure at developer World City stressed yesterday that at present no land was for sale and warned that any offers were fraudulent. ...

Sum Manet
http://www.khmertimeskh.com/news/31193/camko-city-denies-land-sale/

Natural drainage routes replaced by concrete cause severe floods

As floods have been raging on in many provinces, especially in the outskirts of the capital, locals are demanding the government inspect all boreys, factories and other developments in affected areas to ensure that there are proper drainage and road systems. ...

Moeun Nhean
http://www.phnompenhpost.com/post-property/natural-drainage-routes-replaced-concrete-cause-severe-floods

Sihanoukville casino gambled with an expired licence

reah Sihanouk provincial authorities have ordered a casino that operated in Sihanoukville shut down after it failed to renew its operating licence, local media reported yesterday.​ ...

Post Staff
http://www.phnompenhpost.com/business/sihanoukville-casino-gambled-expired-licence

Government, labor body cement ties

Because of improved working conditions in garment and footwear factories across the Kingdom, the government yesterday signed a memorandum of understanding (MoU) to continue implementing the Better Factories Cambodia (BFC) program for three more years. During a celebration commemorating the 15th anniversary of BFC, Labor Minister ...

Mom Kunthear
http://www.khmertimeskh.com/news/30981/government--labor-body-cement-ties/

Cambodia-China tourism pact

A​ tourism​ development​ agreement​ was​ signed​ last​ week​ between​ Cambodia’s​ Ministry​ of​ Tourism​ and​ China’s​ Shanghai​ Spring​ International​ Travel​ Service​ Group​ to​ boost​ the​ influx​ of​ Chinese​ tourists​ to​ the​ Kingdom. In​ announcing​ the​ agreement​ on​ Saturday,​ Minister​ of​ Tourism​ Thong​ Khon​ said:​ “The​ memorandum​ ...

Chea Vannak and Sum Manet
http://www.khmertimeskh.com/news/30853/cambodia-china-tourism-pact/

Massive $23.2B project gets ‘green light’

Several subordinates of a senior minister within the office of the prime minister registered and rubber-stamped a gargantuan $23.2 billion investment project chaired by the minister’s wife, while officials in the know say the project stands little chance of getting off the ground. ...

Jack Davies, Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/massive-232b-project-gets-green-light

Minister of commerce meets with Chinese

The minister of commerce, Pan Sorasak, met with officials from the Chinese-based Jilin Provincial Investment Group Co Ltd yesterday to discuss strengthening rice-processing infrastructure in the Kingdom. ...

Post Staff
http://www.phnompenhpost.com/business/minister-commerce-meets-chinese

Thailand’s Amata eyes Cambodia

Thailand’s Amata Corporation Plc., which is the country’s largest listed conglomerate in the industrial estate sector, is keen to set up a special economic zone (SEZ) in Cambodia due to the Kingdom’s strategic geographical location in the Greater Mekong Sub-region. The plan was announced on Sunday ...

Chea Vannak
http://www.khmertimeskh.com/news/30602/thailand---s-amata-eyes-cambodia/

Unions decry minimum wage rise of $13

Unions are still seething at the new minimum wage figure for garment and footwear industry workers – which the government decided to raise by only $13 per month last Thursday – but stopped short of saying they would organize protests out of a fear for ...

Mom Kunthear
http://www.khmertimeskh.com/news/30312/unions-decry-minimum-wage-rise-of--13/

Angkor Wat bags $44 mil

Cambodia’s famed UNESCO-listed Angkor Archaeological Park made a revenue of $44 million during the first nine months of the year from ticket sales to Angkor Wat. This represents a 2.5 per cent increase compared to the same period last year, according to an official report ...

Chea Vannak
http://www.khmertimeskh.com/news/30293/angkor-wat-bags--44-mil/

Boost for seafood exports

The Institute of Standards of Cambodia (ISC) and the United Nations Industrial Development Organization (UNIDO) will team up to boost the export of four seafood products that adhere to international standards. Speaking at a workshop at the Ministry of Industry and Handicraft yesterday, ISC director-general Chan ...

Sum Manet
http://www.khmertimeskh.com/news/30243/boost-for-seafood-exports/

ADB: GDP to grow 7.1% in 2017

The latest report from the Asian Development Bank (ADB) describes Cambodia’s economic situation in 2016 as “broadly as expected,” as it predicts a slight increase in economic growth of 0.1 percent, to 7.1 percent. Released yesterday, the update to its annual “Asian Development Outlook” for 2016 ...

May Kunmakara
http://www.khmertimeskh.com/news/30245/adb--gdp-to-grow-7-1--in-2017/

Vouchers to enjoy holidays

The government plans to create “cheque de vacances” or holiday vouchers by 2017 to encourage middle-income Cambodians to travel within the country, according to an official from the Ministry of Tourism yesterday. Chhay Khunlong, deputy director-general of tourism at the ministry, said holiday vouchers will enable ...

Sok Chan
http://www.khmertimeskh.com/news/30244/vouchers-to-enjoy-holidays/

New mining licences issued, others revoked

Over 40 new mining licences were issued during the first half of the year to satisfy the high demand for construction materials by Cambodian infrastructure and real estate projects, while more than 100 licences were revoked due to environmental concerns or inactivity, a government official ...

Kali Kotoski
http://www.phnompenhpost.com/business/new-mining-licences-issued-others-revoked

Local factories pump out $5.3B in products

Cambodian factories manufactured industrial products worth $5.3 billion during the first seven months of 2016, according to data released yesterday by the Ministry of Industry and Handicraft.​ ...

Post Staff
http://www.phnompenhpost.com/business/local-factories-pump-out-53b-products

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