Industries

Sino plaza marks first step abroad for CCSCE

China State Construction Engineering’s plan to spend $240 million to construct a four-building project called Sino Plaza as part of its strategy to move into rapidly growing Southeast Asia, realtors said. ...

Sum Mane
http://www.khmertimeskh.com/news/19592/sino-plaza-marks-first-step-abroad-for-ccsce/

Duty-free shop follows tourism surge on coast

The new duty-free shop opened by China Duty Free Group (CDFG) in Sihanoukville will have a major impact on development of the tourism industry in the coastal resort, a senior provincial official said yesterday. ...

May Kunmakara
http://www.khmertimeskh.com/news/19469/duty-free-shop-follows-tourism-surge-on-coast/

New player joins busy telecom market

Starting today, Kingtel, a new internet and telecom service provider, will offer internet services to customers, with the company expected to launch call services within the next few months. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/new-player-joins-busy-telecom-market

Government takes over reins of Angkor ticket sales

The Cambodian government officially took charge of the ticket sales at the Angkor Archeological Park on January 1, after Prime Minster Hun Sen announced in November an end to the Sok Kong-owned Sokimex’s control of the service. ...

Sor Chandara
http://www.phnompenhpost.com/business/government-takes-over-reins-angkor-ticket-sales

Cambodians filling majority of hotel rooms this New Year’s

As the year-end festivities get into high gear, provincial tourism officials are reporting a sharp increase in Cambodians travelling to popular holiday spots across the country to ring in the New Year.The temple town of Siem Reap this year is seeing an increase in hotel ...

Sor Chandara and Cheng Sokhorng
http://www.phnompenhpost.com/business/cambodians-filling-majority-hotel-rooms-new-years

Apsara authority pumping water into Angkor ponds

Keeping up appearances, Apsara Authority’s water management team has begun pumping water into the drying ponds around the Angkor temple complex. ...

Naomi Collett Ritz
http://www.khmertimeskh.com/news/19241/apsara-authority-pumping-water-into-angkor-ponds/

Nearly 150 garment, footwear factories in Cambodia close down in 2015

Nearly 150 garment and footwear factories in Cambodia have shut down this year, while more than 50 new ones opened, local media reported on Monday, citing a report of the Commerce Ministry. ...

Global Post News Staff
http://www.globalpost.com/article/6711677/2015/12/27/nearly-150-garment-footwear-factories-cambodia-close-down-2015

Angkor Thom restoration complete

Major restoration works have been completed at the former seat of power of the Angkorian civilisation, Angkor Thom, following damage inflicted to the site by Typhoon Nesat in 2011. ...

Zoe Holman
http://www.phnompenhpost.com/national/angkor-thom-restoration-complete

Coastal developments add new niche to property market

With the recent groundbreaking of the luxury Royal Sands residential project on Koh Rong by a Cambodian conglomerate Royal Group and two major luxury condominium projects being developed on or near the shoreline of Sihanoukville, real-estate agents say a new chapter has begun in the ...

May Kunmakara and Vincent MacIsaac
http://www.khmertimeskh.com/news/19116/coastal-developments-add-new-niche-to-property-market/

Takeo’s Bati district could become a hotspot for garment factories

Land prices in Krang Thnong commune, in Takeo’s Bati district near National Road 2, have recently multiplied by up to ten times compared to five years ago after two garment factories started being constructed in the rural community this year, locals claim.Meanwhile, the area might ...

Dit Sokthy and Hanamariya Halim
http://www.phnompenhpost.com/real-estate/takeos-bati-district-could-become-hotspot-garment-factories

Bridging the gap between investment and accessibility in Chroy Changvar

Develop in the West, but do not forget the beautiful East that is Chroy Changvar with its beautifully boastful appearance. This is the claim that Prime Minister Hun Sen has used for the last decade to encourage investment and development on the dormant peninsula flanked ...

Siv Meng
http://www.phnompenhpost.com/real-estate/bridging-gap-between-investment-and-accessibility-chroy-changvar

Gov’t takes back Phnom Kulen from CPP lawmaker

The Environment Ministry has revoked the rights of a company owned by government lawmaker and tycoon Sieng Nam to manage the Kulen Mountain Resort in the Preah Bat Jayavarman-Nordom National Park in Siem Reap province, saying the move was in the national interest. ...

Taing Vida
http://www.khmertimeskh.com/news/19006/gov---t-takes-back-phnom-kulen-from-cpp-lawmaker/

Cambodia’s new casino bill faces likely delay: report

A bill to regulate the management of Cambodia’s casino industry could be approved by the country’s National Assembly (pictured) in the first quarter of 2016, reported the Khmer Times newspaper, quoting an official from the Ministry of Economy and Finance. ...

GGRAsia News Staff
http://www.ggrasia.com/cambodias-new-casino-bill-faces-likely-delay-report/

CPP officials at odds over white building mural

As Cambodians continue to de­bate the government’s whitewashing of a street artist’s multistory mural this week, the information minister publicly critiqued the decision on Friday and drew a comparison to the retrograde attitudes of Soviet leaders toward modern art. ...

George Wright and Khy Sovuthy
https://www.cambodiadaily.com/news/cpp-officials-at-odds-over-white-building-mural-103507/

Manufacturers seek help to upgrade products for export to ASEAN

Local manufacturers are calling for government support to help them make their products meet quality standards set by other members of ASEAN – standards they say will be the major barrier to access the regional market as the ASEAN Economic Community (AEC) kicks off at ...

Sok Chan
http://www.khmertimeskh.com/news/18814/manufacturers-seek-help-to-upgrade-products-for-export-to-asean/

Industry largely bullish on AEC integration

Government and business representatives continue to remain optimistic about Cambodia’s prospects after the ASEAN Economic Community integration next year, saying that the Kingdom had upped production levels and strengthened quality measures to remain competitive in the region. ...

Sor Chandara
http://www.phnompenhpost.com/business/industry-largely-bullish-aec-integration

Koh Rong development moves forward

A ceremony here on Saturday, attended by some of the country’s most powerful officials, laid out Royal Group’s $30 million plan to develop Koh Rong’s previously pristine Sok San beach into a luxury resort, complete with houses, piers, hotels and facilities for helicopters. ...

Jack Laurenson
http://www.khmertimeskh.com/news/18759/koh-rong-development-moves-forw-ard/

Nagacorp could bid on Cyprus casino licence

Nagacorp Ltd, the parent company of NagaWorld, Cambodia’s biggest casino, is expected to bid on a licence to operate the first casino resort in Cyprus, according to a media report from the Mediterranean island. ...

Post Staff
http://www.phnompenhpost.com/business/nagacorp-could-bid-cyprus-casino-licence

Cambodia to gain as Adidas pivots from China

Adidas, one of the country’s biggest garment buyers, says it will expand production in Cambodia over the next five years as part of its pivot away from China to lower-cost producers in Southeast Asia. ...

Zsombor Peter
https://www.cambodiadaily.com/news/cambodia-to-gain-as-adidas-pivots-from-china-103163/

Sea festival nets $15M for Kampot economy

This year’s Sea Festival, held for the first time in Kampot last weekend, attracted over 300,000 visitors and generated more than $15 million in revenue for the local community, tourism minister Thong Khon said yesterday. ...

Sor Chandara
http://www.phnompenhpost.com/business/sea-festival-nets-15m-kampot-economy

Second port plans to list on bourse

The largest port in the Kingdom, Sihanoukville Autonomous Port, will list on the Cambodia Securities Exchange (CSX) in the first half of next year, its director general Lou Kim Chhun said yesterday. ...

May Kunmakara
http://www.khmertimeskh.com/news/18656/second-port-plans-to-list-on-bourse/

Koh Rong projects ‘will not bring pain’, DPM says

Deputy Prime Minister Sar Kheng has sought to reassure residents of Koh Rong, an island off the coast of Preah Sihanouk province that has been leased to a local tycoon, that they would not be adversely affected by planned development projects. ...

Sen David
http://www.phnompenhpost.com/national/koh-rong-projects-will-not-bring-pain-dpm-says

Royal Group set to build hotel on Koh Rong

The Royal Group, in partnership with a Thailand-based Swiss investor, will build a 148-room five-star hotel on Preah Sihanouk’s Koh Rong island, with the group having completed a ground-breaking ceremony on Saturday. ...

Kun Kourchettana
http://www.phnompenhpost.com/business/royal-group-set-build-hotel-koh-rong

Hotel boom leaves hospitality sector with an empty feeling

As the number of boutique hotels rises rapidly in Phnom Penh, hoteliers say they have seen their occupancy rates drop this year due to the increased offerings – as well as the economic downturn in Europe and terrorism scares in the region.  ...

Ayanna Runcie
http://www.phnompenhpost.com/business/hotel-boom-leaves-hospitality-sector-empty-feeling

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