Industries

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 ...

About 80 U.S. troops are in Cambodia for Pacific Angel 2016, an annual humanitarian-aid mission that runs through June 18. ...

The Thai government plans to build a special economic zone (SEZ) worth about $141.6 million in Sa Kaeo, which borders the Kingdom’s Banteay Meanchey and Battambang provinces, to serve SMEs that aim to expand their business into Cambodia, according a Thai media report. ...

The Sihanoukville Special Economic Zone (SSEZ) jointly operated by a China-based conglomerate and the Cambodia International Investment Development Group Co. Ltd reached a milestone yesterday with the 100th factory set up to operate in the economic and trade cooperation zone. ...

Almost 600 garment workers from the Malaysian-owned Global Apparel Limited garment factory protested yesterday morning by marching from the factory to another branch 200 meters away, demanding the owners end all worker contracts at the same time. ...

Police are searching for a gang of thieves who cut through the wall of a garment factory in Kompong Speu province on Thursday before making off with nearly 3,000 shirts, according to police.   ...

The highest hotel complex in Phnom Penh city will soon make its debut with ample parking space for all its guests and visitors. The complex, Ding Li Sunshine City, will be 37 stories high with four levels of underground parking, said its developer Ding Li ...

NagaWorld has just celebrated its 21st anniversary since its inception on May 1, 1995, and sited near the beautiful Mekong River in the capital city of Phnom Penh, NagaWorld is the biggest integrated entertainment resort in the Mekong region. ...

Cambodia is planning to be a member of the Patent Cooperation Treaty (PCT) to protect the intellectual property rights of foreign products coming into the Kingdom. This, a high ranking government official said, will shore up investor confidence and attract more foreign investment to the ...

A decade ago, powerful businesswoman Suy Sophan promised to build 10 apartment blocks for residents of Phnom Penh’s Borei Keila neighborhood who faced eviction to make way for her real estate project. She only built eight, leaving hundreds of residents without a home.   ...

The Ministry of Tourism signed a memorandum of understanding (MoU) with Macao to boost the Kingdom’s tourism industry and train personnel in the sector. ...

A group of companies from Taiwan are seeking joint ventures with partners in Cambodia, to export products and services to the Kingdom, amidst growing investor confidence that the Mekong country is developing in almost all sectors. ...