Industries

Some 13,730 condominium units were sold in Phnom Penh in the first half of this year compared to 13,050 units in the same period last year representing an approximate five percent increase in sales, according to figures from a real estate company. However, insiders believe ...

Pan-Asian gaming company Entertainment Gaming Asia Inc (EGA) will sell 670 of its electronic gaming machine (EGM) seats placed at NagaWorld casino in Phnom Penh to an unnamed Cambodian firm for $2.5 million, the Nasdaq-listed company announced on Wednesday. ...

Waning confidence in Cambodia’s political stability is discouraging overseas buyers from investing in the thousands of condominium units shooting up in the country, a leading realtor said on Wednesday.   ...

Tourists heading for Angkor Wat will have to watch what they wear from next month onwards, the Apsara Authority announced yesterday.   ...

The latest provincial tourism figures show efforts to establish Sihanoukville as a premiere beach destination may be paying off, with more tourists flocking to the coastal city than ever before. ...

Revenue from ticket sales at the Angkor Archaeological Park complex in Siem Reap province, the site of Angkor Wat, increased slightly during the first half of the year, compared to the same period in 2015, new figures from the state-run Angkor Institution show.   ...

The Mekong Tourism Festival, with the Mekong Food Tourism Summit as one of the highlights, starts today in the Kingdom’s tourist haven of Sihanoukville. ...

The latest Better Factories Cambodia report has found that 47 per cent of 381 assessed factories complied with its most important working conditions – up from 28 per cent in 2014. ...

This year’s theme will be “Authentic Experiences along the Mekong River.”  According to Jens Thraenhart, executive director of the MTCO, “Travellers want to be able to truly experience the country that they are visiting and come away with a true appreciation of the local experience. ...

A boat unearthed at a construction site in Siem Reap’s Angkor Thom district in April was made in 1207 AD, according to carbon dating results announced on Friday. ...

The Royal Group’s $30-million luxury resort on Koh Rong island will not be completed on schedule as the company has faced numerous port development issues and, according to company management, a snarl of red tape. ...

The national carrier, Cambodia Angkor Air, officially launched on Friday its scheduled flight services connecting Ho Chi Minh City in Vietnam to the Kingdom’s coastal resort in Sihanoukville, in a move that could further boost tourist arrivals. ...

The total value of exports from the Kingdom’s garment and footwear industry increased sharply this first quarter by 39.1 percent to some $2 billion compared to about $1.5 billion in the same period last year, according to figures released by the Ministry of Commerce. ...

The European Council on Tourism and Trade (ECTT) on Wednesday awarded the Kingdom the title of the world’s best tourism destination for 2016. Cambodia outperformed some 30 contestants, including last year’s winner Ethiopia, an African country, thanks to her innumerable attractions, rich cultural history, civilization, ancient ...

Construction workers broke ground yesterday in Boeung Keng Kang I at the site of a $16 million dollar condominium project partially funded by Malaysia’s Chip Hock Realty and Development. This project gets off the ground as foreign investment in the Kingdom sees increased growth. ...

A representative of Bonna Realty Group said yesterday that the arrest of the company’s eponymous chairman on Friday on fraud charges stemming from a bounced cheque would have no impact on the business because it was purely a personal matter. ...

Research released on Monday in the Journal of Archaeological Science may lead to whole chapters of Cambodia’s history being rewritten. ...

The construction sector in the Kingdom is booming with total investment skyrocketing to $832.2 million this month compared to $39.7 million last June, according to latest figures from the Ministry of Land Management, Urban Planning and Construction. ...

Angkor Wat temple, Cambodia’s prime tourist attraction, experienced nearly stagnant growth for the first five months of this year, according to data released by Angkor Institution yesterday. ...

After posting an overall decline in profit of 70 per cent in 2015, Grand Twins International (GTI), the only publicly traded garment firm, reported bullish earnings for the first quarter of this year signalling hope that the manufacturer could launch a winning streak. ...

The Ministry of Labour met with Malaysian-owned Global Apparels Limited factory representatives, union officials and workers yesterday, to negotiate an agreement for compensation as the company closes down.    ...

The fifth annual CAMFOOD and CAMHOTEL expo is scheduled for October 22 and will mostly feature foreign companies, giving local companies the opportunity to learn from foreign business practices as well as showcase their own products, industry leaders announced yesterday.   ...

The Singapore investor of Le Urban Eco Park, an ecologically-friendly satellite city, and Maybank have reached a deal to sell residential apartments and shop buildings in the park as the project nears completion by the end of the year. ...

South Korea’s Hyundai Engineering won a $120 million deal from a Japanese retail giant Aeon Co. to build a shopping mall in the Kingdom of Cambodia, a deal that is expected to help the Korean engineering company that has been focusing on plant construction diversify ...