Industries
Gov’t pushes for more air connectivity with Macau
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 ...
Sor Chandara
http://www.phnompenhpost.com/business/govt-pushes-more-air-connectivity-macau
Sokimex to expand its hotel chain
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 ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/sokimex-expand-its-hotel-chain
Small time landowners tricked into buying difficult plots
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 ...
Siv Meng
http://www.phnompenhpost.com/real-estate/small-time-landowners-tricked-buying-difficult-plots
Global brands welcome wage rise
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 ...
May Kunmakara
http://www.khmertimeskh.com/news/16958/global-brands-welcome-wage-rise/
Chinese arrivals to jump to 2M by 2020
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. ...
Sor Chandara
http://www.phnompenhpost.com/business/chinese-arrivals-jump-2m-2020
Government considers more consulates in China to boost tourism
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. ...
Kang Sothear
https://www.cambodiadaily.com/news/government-considers-more-consulates-in-china-to-boost-tourism-97161/
Bassaka Air to refund disabled passenger following incident
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. ...
Kang Sothear
https://www.cambodiadaily.com/news/bassaka-air-to-refund-disabled-passenger-following-incident-96692/
Meeting on gas prices postponed again
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. ...
Sum Manet
http://www.khmertimeskh.com/news/16570/meeting-on-gas-prices-postponed-again/
Economy eases off the pedal
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 ...
Ananth Baliga
http://www.phnompenhpost.com/business/economy-eases-pedal
Bad coffee spoils local ceremony
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. ...
Pech Sotheary
http://www.phnompenhpost.com/national/bad-coffee-spoils-local-ceremony
Now add Cambodia to the list of Singapore developer targets
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 ...
Adrian Bishop
http://www.opp.today/now-add-cambodia-to-the-list-of-singapore-developer-targets/#tb3iyiRRrbD1IUFb.97
Chinese firm begins construction at Boeng Kak
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 ...
Peter Ford
https://www.cambodiadaily.com/news/chinese-firm-begins-construction-at-boeng-kak-96025/
Casinos rake in $2 billion
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 ...
Sor Chandara
http://www.phnompenhpost.com/business/casinos-rake-2-billion
Cardamom mountains: body jars and cliff coffins
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. ...
Nou Sotheavy
http://www.khmertimeskh.com/news/16351/cardamom-mountains--body-jars-and-cliff-coffins/
Cambodia earns $2 bn from its casino annually
Cambodia’s casino industry has generated a revenue of approximately $2 billion per annum, the country’s central bank chief said here on Wednesday. ...
Business Standard News Staff
http://www.business-standard.com/article/news-ians/cambodia-earns-2-bn-from-its-casinos-annually-115093000332_1.html
Government prepares housing plan for poor
The Royal government through Ministry of Land Management, Urban and Construction held a workshop with local and international organizations and real estate companies to design strategic and financial planning for housing project for low-and-medium-income people, especially vulnerable group. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/government-prepares-housing-plan-for-poor-8992
Government prepares housing plan for poor
The Royal government through Ministry of Land Management, Urban and Construction held a workshop with local and international organizations and real estate companies to design strategic and financial planning for housing project for low-and-medium-income people, especially vulnerable group. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/government-prepares-housing-plan-for-poor-8992
Airline shifts blame for ‘disabled’ fee
The Disability Action Council (DAC) said yesterday it would conduct an investigation of Bassaka Airlines and the Cambodian Airport Management Service Ltd (CAMS) to determine whether a $240 surcharge for a wheelchair-bound passenger qualifies as discrimination under the country’s disability law. ...
Jonathan Cox
http://www.khmertimeskh.com/news/16267/airline-shifts-blame-for----disabled----fee/
Gov’t eyes private sector for help with national housing plan
The government yesterday took another step towards completing an affordable housing plan for low- and mid-income families by seeking private-sector partners to help develop and implement it. ...
HLH Group to develop public housing projects in Cambodia
HLH Group has become the first Singaporean company to develop public housing projects in Cambodia, with the launch of a residential development in the port city of Sihanoukville. ...
Channel News Asia News Staff
http://www.channelnewsasia.com/news/business/singapore/hlh-group-to-develop/2156286.html
Singaporean developer targets middle-class market
As the middle class here expands and the government seeks to boost home ownership, Singapore-based developer HLH Group Ltd is expanding into the market with Camhomes, a brand that aims to tap rising demand from the country’s middle class. ...
Terry Friel
http://www.khmertimeskh.com/news/16213/singaporean-developer-targets-middle-class-market/
Ford targets the Kingdom’s lucrative emerging economy
Ford expects sales of its passenger vehicles in Cambodia to surge 30 per cent this year on rising purchasing power and strong brand appeal, a company representative said yesterday. Speaking at a luncheon organised by the Amcham Cambodia, Loflin said the US carmaker sees the ...
Cam McGrath
http://www.phnompenhpost.com/business/ford-targets-kingdoms-lucrative-emerging-economy
Steering away from the grey market
While the Kingdom’s automotive sector has seen the entry of authorised dealerships, grey market dealers still make up the bulk of car sales.Dealerships are trying to lure prospective customers to purchase new vehicles, but grey market used cars still enjoy a substantial cost advantage given ...
Post Staff
http://www.phnompenhpost.com/business/steering-away-grey-market
SCCC to take 40% of Cambodia firm
Siam City Cement (SCCC)’s board of directors has approved a 40-per-cent share in a joint-venture company in Cambodia, Chip Mong Cement Corporation, a first step in its strategy to take advantage of the upcoming Asean Economic Community. ...
The Nation News Staff
http://www.nationmultimedia.com/business/SCCC-to-take-40-of-Cambodia-firm-30269342.html