Industries

‘Second-home Policy’ aims to entice more tourists

With a surge in visitors from the world’s most populous nation, the government is preparing a “second-home policy” to encourage more Chinese tourists to visit and stay longer, and for those who have already visited to do so more often, Deputy Prime Minister Keat Chhon ...

Sum Manet
http://www.khmertimeskh.com/news/21219/---second-home-policy----aims-to-entice-more-tourists/

Cambodia aims higher in manufacturing sector

After decades of solid growth driven by its garment industry, Cambodia is seeking to shift its economy into more sophisticated light manufacturing, such as electronics and auto-parts. Most of these manufacturers are Japanese and they are slowly coming online in Cambodia’s special economic zones, aiming ...

Daniel De Carteret, Chan Muyhong
http://www.voanews.com/content/cambodia-aims-higher-in-manufacturing-sector/3184557.html

SME federation wants its own SEZ

The Federation of Associations for Small and Medium Enterprises of Cambodia is planning to propose that the government set up special economic zone (SEZ) for small and medium-sized sized enterprises (SMEs) so that they can work in clusters, saying this will enhance their productivity, increase ...

Sok Chan
http://www.khmertimeskh.com/news/21157/sme-federation-wants-its-own-sez/

Eight rescued as boat sinks off Sihanoukville

Police, navy and civilian vessels sped to the rescue of eight people stranded 18 kilometres off the coast of Sihanoukville yesterday morning after the speedboat in which they were travelling to Koh Rong was sunk by rough seas. ...

Mech Dara
http://www.phnompenhpost.com/national/eight-rescued-boat-sinks-sihanoukville

Sihanoukville tries not to miss the boat

The Seabourn Sojourn, a luxury liner operated by US-based Seabourn Cruise Line Ltd, arrives at Sihanoukville port this morning, delivering hundreds of well-heeled tourists to what industry experts say is a backwater market that is increasingly on cruise ship itineraries, yet still falls short of ...

Ayanna Runcie
http://www.phnompenhpost.com/business/sihanoukville-tries-not-miss-boat

India to ease visa norms to lure visitors

India is looking to ease its visa regime for ASEAN nations in a bid to increase Buddhist tourist arrivals – travellers looking to visit Buddhist heritage sites – to the country, India’s vice president said. ...

Ananth Baliga
http://www.phnompenhpost.com/business/india-ease-visa-norms-lure-visitors

Rubber association to appeal for suspension of export tax

The Association for Rubber Development in Cambodia will submit a letter to the government asking it to suspend export taxes on rubber due to the sharp decline in its price and to prevent more farmers from going out of business, its secretary general, Men Sopheak, ...

May Kunmakara
http://www.khmertimeskh.com/news/21034/rubber-association-to-appeal-for-suspension-of-export-tax/

Cambodia gets about 320 mln USD investment from ASEAN last year

Cambodia attracted the fixed asset investment of 319.4 million U.S. dollars from its ASEAN member states in 2015, up 56 percent from a year earlier, according to a government report on Tuesday. ...

Song Miou
http://news.xinhuanet.com/english/2016-02/02/c_135068319.htm

Cruise tours will be a kind of potential tourism

Cruise tours will be a type of potential tourism, while Sihanouk was placed in the map of ASEAN Cruise Tourism Line, as part the promotional campaign jointly Cruise Southeast Asia – Feel the Warmth, which officially announced on 22 January 2016 at the Tourism Forum ...

Sok Chan
http://bit.ly/1NRCsSY

Sihanoukville beach to be cleared of fences, says gov’t

The government yesterday ordered all fences blocking public access along Independence Beach in Sihanoukville to be dismantled as part of a continuing campaign to remove private encroachments on the coastal city’s public beaches. ...

Sor Chandara
http://www.phnompenhpost.com/business/sihanoukville-beach-be-cleared-fences-says-govt

Appetite for investment in agriculture rising, forum told

South Korean investment in Cambodia’s agricultural industry, especially its food-processing sector, could result in the export of more value-added products that could help transform the Kingdom’s economy, a senior official at the Council for the Development of Cambodia and Korean officials told an investment forum ...

Sok Chan
http://www.khmertimeskh.com/news/20905/appetite-for-investment-in-agriculture-rising--forum-told/

Footwear kicks in as factory exports surge 17 percent

The total value of exports from the garment, footwear and other factories rose 17 percent year on year to $7.1 billion last year, according to a report from Ministry of Industry and Handicraft released yesterday.   ...

Sok Chan
http://www.khmertimeskh.com/news/20849/footwear-kicks-in-as-factory-exports-surge-17-percent/

Meet Cambodia’s first 'real estate personality of the year'

Having managed various businesses in Cambodia for more than two decades now, Rithy Sear has earned a reputation for being ambitious, and rightly so. ...

Property Report Team
http://www.property-report.com/meet-rithi-sear-cambodias-first-real-estate-personality-of-the-year/

Japanese condo developer unfazed by concerns of oversupply

Despite warnings that an oversupply of luxury condominiums is imminent due to the number of new projects being built, a leading Japanese investor in the property sector in Cambodia says the market remains very attractive because two decades of strong economic growth are fuelling demand ...

May Kunmakara
http://www.khmertimeskh.com/news/20716/japanese-condo-developer-unfazed-by-concerns-of-oversupply/

New tourism strategy to focus on Chinese market

A new five-year plan is being drafted to woo more Chinese tourists to the Kingdom, following a surge in visitors from the world’s most populous nation, Tourism Minister Thong Khon said yesterday. /Sum Manet ...

Sum Manet
http://www.khmertimeskh.com/news/20580/new-tourism-strategy-to-focus-on-chinese-market/

Kratie sees surge in visitors as tourists rush northeast

Cambodia’s tourism industry is expanding beyond the iconic temples of Siem Reap and its white-sand beaches to the country’s little-explored northeast, with domestic tourists leading the surge, provincial data showed yesterday.  ...

Sum Manet
http://www.khmertimeskh.com/news/20534/kratie-sees-surge-in-visitors-as-tourists-rush-northeast/

Tourist arrivals rise, but short of estimate

An estimated 4.8 million tourists visited Cambodia in 2015, up 6 percent from the 4.5 million visitors last year, Ministry of Tourism Under­secretary of State Top Sopheak said on Sunday. ...

Kang Sothear and Ben Paviour
https://www.cambodiadaily.com/news/tourist-arrivals-rise-but-short-of-estimate-106269/

‘Legend island’ draws $1 billion tourism project

About $1 billion will be invested to transform Koh Tang – “Legend Island” – into a luxury destination for domestic and international tourists, with resorts, hotels, a theme park, golf course and airport, executives said at the signing ceremony for a memorandum of understand (MoU) ...

Sok Chan
http://www.khmertimeskh.com/news/20484/---legend-island----draws--1-billion-tourism-project/

New report spotlights hidden workforce behind global brands

Global brands rely on a hidden workforce within their supply chains to avoid responsibility for poor working conditions and abuse, according to a new report from the International Trade Union Confederation. ...

Aria Danaparamita
https://www.cambodiadaily.com/news/new-report-spotlights-hidden-workforce-behind-global-brands-105909/

Kingdom’s three airports to see passenger traffic take off

Passenger traffic at all three of Cambodia’s international airports is expected to grow this year despite the economic slowdown in Asia’s biggest economy, which could see many Chinese tourists tightening their belt. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/kingdoms-three-airports-see-passenger-traffic-take

Approved construction investments up 30 per cent in 2015

Investment in the construction industry in 2015 amounted to $3.3 billion – a 33.14 per cent increase from the same period in 2014, which was only $2.5 billion.Seng Lot, spokesperson for the Ministry of Land Management, Urban Planning and Construction (MLMUPC) said on Tuesday that ...

Siv Meng
http://www.phnompenhpost.com/real-estate/approved-construction-investments-30-cent-2015

First VIP lounge opens at airport

A new VIP lounge was officially opened yesterday by Plaza Premium Group in the departure area of Phnom Penh International Airport, with the Hong Kong-based company saying it invested nearly $2 million in the lounge. ...

Sok Chan
http://www.khmertimeskh.com/news/19746/first-vip-lounge-opens-at-airport/

Approved construction projects’ value soars

The value of construction projects approved by the government in 2015 increased by 33 percent to about $3.33 billion compared to the previous year, according to a government report obtained on Sunday. ...

Kang Sothear
https://www.cambodiadaily.com/news/104943-104943/

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