Industries

High-rise apartments are springing up across Cambodia’s capital, part of a property boom led by expat demand, while developers are also betting the country’s growing middle class will shed a traditional distaste for “living on top of each other”. ...

The government is planning to construct two more bridges across the Mekong River, and although feasibility studies are already underway, realtors are unsure as to whether land prices in the areas they connect will rise, they told Khmer Times yesterday. ...

A Cambodian and Singaporean firm signed a memorandum of understanding with the Ministry of Land Management Wednesday for the study and construction of public housing for low- and middle-income households around Phnom Penh, a first for the city if it comes off. ...

Investigations are continuing after Siem Reap’s economic police conducted four raids last Saturday on shops selling knock-offs of products from US-based outdoor apparel and equipment brand The North Face, police sources said yesterday.The raids were conducted on four stores – Cambodia Outlet, Duty Free Outlet, ...

Local conglomerate Overseas Cambodia Investment Corporation (OCIC) will invest $60 million in the construction of Olympia Plaza, a seven-storey shopping mall being built inside the company’s mixed-use Olympia City project in central Phnom Penh, the company confirmed yesterday. ...

CapitaLand’s wholly owned serviced residence business unit, Ascott Limited, has entered the Cambodian market with a contract to manage Somerset Norodom Phnom Penh, the company announced on Friday.“With our entry into Cambodia, Ascott is now present across nine out of 10 countries in ASEAN,” Ascott ...

Foreign tourist arrivals in Siem Reap fell 11.2 per cent during the first nine months of the year compared to the same period one year earlier, as the Kingdom’s top tourist gateway sees its most significant slowdown in visitor arrivals in decades, new government data ...

A rice-milling company has admitted to letting pieces of plastic from its machinery make their way into bags of rice after residents and authorities in Banteay Meanchey’s Poipet town raised fears of “plastic rice” upon finding their rice abnormally sticky since the Pchum Ben holiday. ...

When Dan Kreis, founder, owner and operator of Kep Lodge Eco-Resort, arrived in Kep for the first time in 2005, he found only a handful of locally-owned guesthouses, less than 10 foreign residents, no supermarket, no electricity, no local bar, a coastline littered with little ...

With charter air traffic between Cambodia and Macau growing steadily, the government has proposed adding direct scheduled flights to encourage more Chinese tourists and businesspeople to visit the Kingdom.Prime Minister Hun Sen proposed a direct air link during last week’s Global Tourism Economy Forum in ...

Sokha Hotels and Resorts, the hospitality arm of Sokimex Group, is continuing to expand and will open a new resort hotel in Siem Reap, a company representative said yesterday.Svay Vuthy, chief legal and corporate affairs officer at Sokimex, said the 700-room hotel already under construction ...

To maximise profits by reselling undeveloped land, some questionable local investors buy large plots of land, split it up into smaller units and sell it on to buyers who believe they will be able to build their own homes on them. Unwittingly, these buyers often ...

Major global brands that source from Cambodia welcome the recent rise in the basic minimum wage for the country’s more than 700,000 garment workers, representatives of three brands told Khmer Times yesterday. They have no plans to shift sourcing to other countries where wages are ...

Cambodian tourism authorities are formulating strategies to carve a larger share out of the Chinese outbound tourism market and have set a target of drawing over 700,000 Chinese visitors this year, and up to 2 million a year by 2020. ...

The government is considering opening additional consulates in China in an attempt to attract more tourists from the world’s second-largest economy, according to a message posted to Prime Minister Hun Sen’s official Facebook page. ...

Bassaka Air will return the $240 fee it charged a wheelchair user who had to be mechanically lifted onto a flight in Siem Reap in September, the airline said in a statement on Monday. ...

The planned meeting of representatives from eight leading gas-station chains and government officials to discuss a formula for setting a range for retail gasoline prices was postponed yesterday until tomorrow, officials at the Commerce Ministry said. ...

Cambodia’s economy is expected to grow by 6.9 per cent in 2015, driven by the construction sector, while traditional growth areas, such as garments and tourism, are expected to see a relative slowdown this year, according to a World Bank economic report.Yesterday’s update on the ...

Dozens of people are expected to recover after getting sick from instant coffee at a pagoda ceremony in Siem Reap’s Chi Kraeng district on Saturday. ...

A few weeks ago, OPP.Today explored the issue of why Singapore developers want to strengthen overseas sales, after repeated government market cooling measures have hit both foreign and domestic demand for Singapore property. What is clear is that Singapore developers are looking for new sources ...

Eight years after CPP Senator Lao Meng Khin signed off on a 99-year lease of Boeng Kak lake in one of the most controversial real estate deals in Phnom Penh’s recent history, a Chinese firm has begun construction on the first major development project on ...

Cambodia’s casino industry generates close to $2 billion in revenue a year and accounts for nearly 40 per cent of the Kingdom’s tourism revenue, a central bank official said yesterday.Chea Serey, director-general of the National Bank of Cambodia, told a workshop on statistics in international ...

The remote and mysterious Cardamom Mountains are giving up some of their secrets – burial jars and wooden coffins – to the public as part of an exhibition that begins today at the National Museum. ...

Cambodia’s casino industry has generated a revenue of approximately $2 billion per annum, the country’s central bank chief said here on Wednesday. ...