Industries

China’s Prince Real Estate plans to invest $250-$300 million in a new project on Norodom Blvd. The new project will begin after the completion of the current condominium project which began last year and is due to be finished in 2018. Li Min, president of Prince Real ...

Cambodia’s Tourism Ministry has requested the government to allow visa on arrival for Russian citizens, The Khmer Times reported on April 6. ...

After numerous delays, industrial park operator Phnom Penh Special Economic Zone announced yesterday that it had finalised a timeline for the launch of its upcoming initial public offering, and would kick off a five-day bookbuilding session starting on April 18 and hold a public roadshow ...

With incomes and the middle class growing, Cambodians are spending even more this year on foreign trips for the Khmer New Year holiday, tour operators said yesterday. ...

Vietnamese dairy giant Vinamilk has appointed Angkor Dairy Products Co Ltd as the official distributor of Vinamilk products in Cambodia following the closure of its local representative office last month. ...

Siem Reap is gearing up for this year’s Angkor Sankranti from April 14 to 16 and hopes to attract more than the almost one million people who visited last year, with hotels and guesthouses already being booked out. Ang Seila, manager of Reserve and Duty at ...

Nagacorp Ltd, the Cayman Islands-registered operator of Cambodia’s NagaWorld casino and hotel complex, recorded $153.8 million in gross gaming revenue during the first quarter of 2016, a 35 per cent increase over the same period last year. ...

At what should be a boom time ahead of the New Year, seafood vendors in Kampot have full baskets but no buyers as the algae bloom around Kep turns the water bright green and dead fish wash ashore. The government has issued a warning against swimming ...

Cambodia will host this year’s Mekong Tourism Forum in Sihanoukville in July, TravelNewsAsia reported yesterday. The six member countries of the Greater Mekong Sub-Region (GMS) have banded together to jointly promote sub-regional tourism and the GMS as a single destination, focusing on “authentic experiences along the ...

The increase in the government-set minimum wage in the garment sector and lower prices have hit the bottom line of Grand Twins International (GTI), the only company in the sector listed on the stock exchange. The company yesterday reported revenue for the year ended December 31 ...

A South Korean consul will open in Siem Reap by May to provide services for Korean citizens visiting Cambodia and for those wishing to visit South Korea. Siem Reap is home to the ancient temples of Angkor and large numbers of South Koreans visit the city ...

A Thai privilege card program that costs nearly $15,000 to join is banking on Cambodia’s robust yet deeply polarised economy to provide up to 60 new card members a year. ...

Revenue from ticket sales to foreign tourists visiting Cambodia’s famed Angkor archaeological park reached 20.3 million U.S. dollars in the first quarter of 2016, up 2.5 percent compared to the same period last year, according to an official statement on Friday. ...

Cambodia’s schoolchildren could soon attend class in unusually luxurious buildings if Prime Minister Hun Sen has his way. Yesterday the premier granted the government’s entire stockpile of illegally-felled timber – some of which is highly sought after rosewood – to the Ministry of Education to ...

Malaysian-owned Sunway Hotels & Resorts will spend $223 million in a redevelopment and expansion plan on its hotels in Malaysia, Cambodia and Vietnam within three years, according to Malaysian media. ...

The Cambodian Construction Association yesterday urged authorities to plan and develop more satellite cities as the population in the capital increases rapidly, straining services and infrastructure. ...

The Royal Group conglomerate has signed off on a $10 million loan from the Bangkok-based Export-Import Bank of Thailand (EXIM Thailand) for the construction of a five-star hotel and resort in Koh  Rong Island. ...

Pan India Paryatan Pvt Ltd (PIPPL), the owner of Mumbai-based EsselWorld, one of India’s largest amusement parks, has shown interest in developing a theme park in Cambodia after a meeting with the minister of tourism late last week. ...

The government may reopen the border gate in front of Preah Vihear temple in a bid to strengthen ties with Thailand as diplomatic relations improve, but local tourism operators are concerned the move would hurt their business. ...

Malaysia-based company SV International was granted permission by the Council of Ministers earlier this month to begin the initial stage of grand plans to turn part of Sihanoukville into a “casino city,” an official confirmed.   ...

Imports of construction materials grew dramatically last year compared with the year before due to strong demand, while the prices of imported goods declined. ...

Up to 40 percent of the $100 million River Premium Development Company, a joint venture between local partners and Malaysian investors, has been completed and sold, said Houn Heng Eriya, the sales manager of the project in the city center of Ta Khmao. ...

Cambodia’s small- and medium-sized enterprises (SMEs) earned $1.9 billion in revenue last year from the tourism sector, and could increase this amount further by reducing imports, an industry spokesman said yesterday.   ...

An obscure Malaysian company has obtained approval from Cambodia’s Council of Ministers to develop hotels and casinos in Sihanoukville, with an online promotional video claiming the firm will transform the coastal city into the “Macau of Southeast Asia.”     ...