Industries
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/
Railway denies report of new passenger train service
Royal Railway on Sunday refuted a state media report that commercial passenger train service between Phnom Penh and Sihanoukville was imminent. ...
Zsombor Peter
https://www.cambodiadaily.com/author/zsombor-peter/
Work begins on new Cambodian circus location
Work was underway on Friday to erect the big top of Phare, The Cambodian Circus, at its new location on the outskirts of Siem Reap City. ...
Michelle Vachon
https://www.cambodiadaily.com/news/work-begins-on-new-cambodian-circus-location-104891/
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 ...
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 ...
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/