Industries

Auto show delayed by timing difficulties

The Kingdom’s flagship automobile exhibition, scheduled to open on Thursday, has been postponed until early next year, its organisers confirmed yesterday.The Phnom Penh International Auto Show, also known as CAMAUTO, is the largest annual industry event for authorised automobile distributors, parts suppliers and service providers ...

Sor Chandara
http://www.phnompenhpost.com/business/auto-show-delayed-timing-difficulties

Cambodia approves draft union law amid criticism

Cambodia’s government is moving forward in adopting a controversial law on trade unions, despite opposition from labour rights groups and garment manufacturers. Latest figures show Cambodia’s garment and footwear exports in the first six months of 2015 reached US$3 bn, a rise of 12.7% on ...

Leonie Barrie
http://www.just-style.com/news/cambodia-approves-draft-union-law-amid-criticism_id126630.aspx

Vietnamese tourists released after drone flies near palace

Three Vietnamese tourists were briefly detained on Saturday for flying a drone over the Royal Palace in Phnom Penh, a week after a Hong Kong national was similarly arrested and released without charge for the same offense. ...

Ouch Sony
https://www.cambodiadaily.com/news/vietnamese-tourists-released-after-drone-flies-near-palace-100359/

Chinese leave Sihanoukville en masse following bust

Hotel and casino owners in Sihanoukville claim they have suffered immense losses and risk bankruptcy after Chinese investors, workers and tourists left the coastal city en masse following last month’s police arrest and extradition of 168 Chinese nationals accused of operating a transnational telecom extortion ...

Sor Chandara and Ayanna Runcie
http://www.phnompenhpost.com/business/chinese-leave-sihanoukville-en-masse-following-bust

Developer adds touch of nature in luxury condo project

One of the country’s fastest-growing developers, Orkidé Villa, is making a move for a share of the premium condominium market with a $350 million condo and mall project that will cover a 36-hectare area of Sen Sok district adjacent Street 2004, it announced this ...

Sum Manet
http://www.khmertimeskh.com/news/17765//

NagaCorp sits out South Korean casino offering

NagaCorp, the Hong Kong stock exchange-listed parent company of NagaWorld, is not bidding for a South Korean casino permit, the company said in a filing to the exchange. ...

Post Staff
http://www.phnompenhpost.com/business/nagacorp-sits-out-south-korean-casino-offering

Minister orders governors to end illegal construction

Minister of Urban Planning and Construction Im Chhun Lim ordered all governors to check construction sites in their provinces to ensure that none are encroaching on public land, and to take action against those that do. ...

May Titthara
http://www.khmertimeskh.com/news/17744/minister-orders-governors-to-end-illegal-construction/

With soaring prices, local developers shift away from BKK1

The real estate market in the BKK1 area appears to be beginning to slow after years of accelerated growth as local investors look for more affordable alternatives within Phnom Penh.Seng Bunna, CEO of Bunna Realty Group, said that while the history of BKK1’s foreign-oriented growth ...

Siv Meng
http://www.phnompenhpost.com/real-estate/soaring-prices-local-developers-shift-away-bkk1

Borey supply increased 15 per cent this year

In the current state of relative political stability and strong economic growth while the earning potential of Cambodians increases, the overall supply of Borey housing has risen by 15 per cent compared to the same time last year, a recent study has found. ...

Siv Meng
http://www.phnompenhpost.com/real-estate/borey-supply-increased-15-cent-year

Local expert claims illegal construction linked to corruption

A local expert has said that with the absence of a master plan for Phnom Penh or a comprehensive construction code, collusion with corrupt officials has led to illegal construction in the city.This claim was solidified last week when the government warned that it would ...

Siv Meng
http://www.phnompenhpost.com/real-estate/local-expert-claims-illegal-construction-linked-corruption

1.6 million foreign tourist visited Angkor temples for the first ten months of 2015

Over 1.6 million foreign tourists visited Angkor temples for the first ten months of 2015– an increase compared to the same period in the previous year, States News Agency reported. ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/16-million-foreign-tourist-visited-angkor-temples-for-the-first-ten-months-of-2015-9068

Cambodia revenue drives profit surge at casino supplier

Entertainment Gaming Asia, a Nasdaq-listed company that supplies electronic gaming machines, posted a an 88 percent year-on-year rise in its third-quarter profit, citing higher sales in Cambodia as a major driver of its growth, according its filing to the Nasdaq on Monday in New York.  ...

May Kunmakara
http://www.khmertimeskh.com/news/17676/cambodia-revenue-drives-profit-surge-at-casino-supplier/

Government to take control of ticketing at Angkor Wat

Beginning next year, the government will take full control of the Angkor Archaeological Park, ending a controversial concession with private firm Sokimex, which holds the right to sell tickets to the country’s most popular tourist draw. ...

Kuch Naren
https://www.cambodiadaily.com/news/government-to-take-control-of-ticketing-at-angkor-wat-99671/

For Cambodian writers, new festival offers rare audience

Visitors and locals unaware that the inaugural Kampot Writers and Readers Festival, which wrapped up Sunday, was happening may not have noticed anything different about the relaxed riparian town at first. ...

Taylor O'Connell
https://www.cambodiadaily.com/news/for-cambodian-writers-new-festival-offers-rare-audience-99758/

Sokimex says contract termination is government decision

An executive at Sokimex, the firm that has held the right to sell tickets to the Angkor Archaeological Park since 1999, said on Sunday that the decision to end its contract next year was made by the government, contradicting a statement saying that it was ...

Kang Sothear
https://www.cambodiadaily.com/news/sokimex-says-contract-termination-is-government-decision-99712/

Prime minister warns ‘bad officials’ over building violations

Days after City Hall ordered NagaWorld casino to halt its expansion because it was damaging Phnom Penh’s beauty, Prime Minister Hun Sen on Sunday warned “bad officials” to stop allowing construction projects to damage the country’s aesthetic allure. ...

Kang Sothear
https://www.cambodiadaily.com/news/prime-minister-warns-bad-officials-over-building-violations-99703/

Nagaworld expansion suspended

The controversial expansion of NagaWorld casino in Phnom Penh has been temporarily halted after an inspection of the construction site led Prime Minister Hun Sen to judge that it was interfering with the city’s beauty, according to City Hall. ...

Sek Odom
https://www.cambodiadaily.com/news/nagaworld-expansion-suspended-99673/

Siam cement moving to expand in Cambodia

Thailand’s largest industrial conglomerate and the majority shareholder in Kampot Cement, Siam Cement Group (SCG), is expanding production capacity and diversifying its product line to tap opportunities in Cambodia’s “booming” construction industry, its president and CEO Kan Trakulhoon told Khmer Times late last week. ...

May Kunmakara
http://www.khmertimeskh.com/news/17535/siam-cement-moving-to-expand-in-cambodia/

Prime minister talks festival, lawmaker assaults

Last week’s brutal attacks by off-duty soldiers on two opposition lawmakers were retribution for anti-government protests in Paris and New York, Prime Minister Hun Sen said in a speech yesterday. “If there is no fire, there will be no flames,” he said. “If there had ...

Jonathan Cox and Cheang Sokha
http://www.khmertimeskh.com/news/17543/prime-minister-talks-festival--lawmaker-assaults/

Time schedule for visit of Angkor temples from January 2016

The Authority for the Protection and Management of Angkor and the Region of Siem Reap (APSARA) has set a time schedule for the visit of tourists in the Angkor Archeological Park, reported the state news agency-AKP.The new time schedule, taking effect from Jan. 1, 2016, ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/time-schedule-for-visit-of-angkor-temples-from-january-2016-9056

Wages not cutting into exports

Despite industry concerns that a minimum wage increase to $128 earlier this year would hurt Cambodia’s garment exports, the garment and footwear sector – a mainstay of the economy – showed robust growth for the first half of 2015, netting around $3 billion, according to ...

Ananth Baliga
http://www.phnompenhpost.com/business/wages-not-cutting-exports

How ‘public’ is affordable housing?

In the market for lower to middle income housing, the line between ‘public’ and ‘affordable’ has been blurred.Post Property AnalysisLocal property developer, WorldBridge Land, Co. Ltd., and Singapore-based construction company, Strait Construction Group Pte, Ltd, last week announced a $100 million Memorandum of Understanding on ...

Post Staff
http://www.phnompenhpost.com/national/how-public-affordable-housing

H&M to step up monitoring of local suppliers

H&M and global union federation IndustriALL on Tuesday signed off on a deal aimed at improving conditions for the 1.6 million workers at the 1,900 factories around the world filling orders for the Swedish clothing giant that will include a new oversight committee in Cambodia. ...

Zsombor Peter
https://www.cambodiadaily.com/news/hm-to-step-up-monitoring-of-local-suppliers-99405/

General Department of Taxation postpones property taxes deadline again

The General Department of Taxation (GDT) Cambodia has once again announced the second postponement of 2015 tax payment for real estate by setting a new deadline to the end of November this year. ...

Siv Meng
http://www.phnompenhpost.com/real-estate/general-department-taxation-postpones-property-taxes-deadline-again

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