Industries

Thailand bombing effect on Cambodia tourism

The bombing that shook Thailand this week will have a mixed impact on Cambodia, where about half of all tourists come through Thai airports, industry experts said yesterday. ...

Pav Suy and Naomi Collett Ritz
http://www.khmertimeskh.com/news/14693/thailand-bombing-effect-on-cambodia-tourism/

MEF strengthens property data to analyse the development sector

“I confess that the ministry hasn’t been able to control and achieve transparency in the real estate sector, but I can say that this sector has yet to show any signs of trouble,” Ngoun Sokha, secretary of state for the Ministry of Economy and Finance, ...

Phnom Penh Post News Staff
http://www.phnompenhpost.com/real-estate/mef-strengthens-property-data-analyse-development-sector

Angkor temples ranked top of the world

The Angkor Wat temple complex in Siem Reap province is the world’s undisputed top tourist destination, according to Lonely Planet’s Ultimate Travelist 2015, an exhaustive list ranking sights and travel hotspots that was released on Monday. ...

Simon Henderson
https://www.cambodiadaily.com/news/angkor-temples-ranked-top-of-the-world-92000/

Bubble trouble downplayed

Government officials and industry insiders downplayed concerns about the sustainability of the construction and real estate sector yesterday, although they agreed that closer monitoring of the industry was needed to understand risks to the economy.At a meeting in Phnom Penh yesterday, officials from several ministries, ...

Siv Meng, Ananth Baliga and Sor Chandara
http://www.phnompenhpost.com/business/bubble-trouble-downplayed

Cambodia's garment exports up 9% in 1st half of 2015

Garment industry, Cambodia’s largest foreign currency earner, has seen a 9% rise in exports in the first six months of 2015, according to the Chinese State’s News Agency-Xinhua. ...

The Cambodia Herald​ News Staff
http://thecambodiaherald.com/cambodia/cambodias-garment-exports-up-9-in-1st-half-of-2015-8849

Industry fairs to showcase tech

The Cambodia International Machinery Industry Fair is to be held in conjunction with the Cambodia International Textile and Garment Industry Fair at Koh Pich from the August 21 to 24. ...

Hang Sokunthea
http://www.phnompenhpost.com/post-weekend/industry-fairs-showcase-tech

New Zealand FM to visit Cambodia next week, air services pact expected to be signed

New Zealand Foreign Minister Murray McCully will pay a two-day visit to Cambodia from Aug. 18 to 19, where he will sign an agreement on air services, according to a press statement from the Cambodian Foreign Ministry on Thursday. ...

Xinhua team
http://www.khmertimeskh.com/news/14356/new-zealand-fm-to-visit-cambodia-next-week--air-services-pact-expected-to-be-signed/

Property insurance grows in Cambodia

Property insurance is on the rise in Cambodia, driven by greater market awareness, growing home ownership and more extreme climate conditions. . ...

Igor Kossov and James Reddick
http://www.khmertimeskh.com/news/14376/property-insurance-grows-in-cambodia/

Cambodia tourist target under challenge

A Cambodian plan to attract 5 million tourists to the country in 2015 is hanging in the balance despite a rise in the first half of this year. Cambodia set 5 million tourists as the target this year, an increase from 4.5 million last year. ...

Bangkok Post News Staff
http://www.bangkokpost.com/news/asean/654708/cambodia-tourist-target-under-challenge

Cambodian casino operator NagaCorp reports net profit growth of 49%

As Macau casinos are showing continuous drop of revenue, Australian and Cambodian casinos don’t seem to have the same problem. The latest casino operator to reveal an impressive growth of net profit is NagaCorp Ltd. The Group reported an increase in profit of 49% ($101 ...

Alex Lanter
http://news.worldcasinodirectory.com/cambodian-nagacorp-casino-operator-reports-net-profit-growth-of-49-11757

Tourist arrivals in first half rise

Cambodia welcomed around 2.3 million people for the first half of this year, up 4.6 per cent compared to the same period last year, amid concerns from the tourism minister that the Kingdom may not reach its target of 5 million arrivals for 2015. ...

Sor Chandara
http://www.phnompenhpost.com/business/tourist-arrivals-first-half-rise

Weighing risk and reward on construction sites

As the booming construction sector attracts more rural Cambodians to seek employment in the capital, the different working conditions between high-rises in urban areas and borey developments have factored into varying degrees of earning potential and living standards.According to estimates by the Ministry of Land ...

Kali Kotoski and Sum Manet
http://www.phnompenhpost.com/real-estate/weighing-risk-and-reward-construction-sites

Falling currencies may threaten Tourism

The fall in value of multiple Asian currencies is making some analysts worry the dampening effect this might have on tourism to Cambodia. ...

Igor Kossov
http://www.khmertimeskh.com/news/14330/falling-currencies-may-threaten-tourism/

Request to stop Indian temple moot as not Angkor Wat copy

Foreign Minister Hor Namhong on Tuesday informed Indian Ambassador Dinesh Patnaik that Cambodia wants plans to build an Angkor Wat replica in that country scrapped entirely, ministry spokesman Chum Sunry told reporters after a meeting between the two officials to mark Mr. Patnaik’s last day ...

Aun Pheap and Simon Henderson
https://www.cambodiadaily.com/news/request-to-stop-indian-temple-moot-as-not-angkor-wat-copy-91443/

Garment factories vote to freeze minimum wage

A majority of members of the Garment Manufacturers Association in Cambodia, which represents the country’s more than 500 exporting garment factories, have voted against any raise to their workers’ minimum wage next year. ...

Zsombor Peter
https://www.cambodiadaily.com/news/garment-factories-vote-to-freeze-minimum-wage-91436/

Cambodia receives 2.3 mln foreign tourists in 1st half of 2015

Cambodia attracted about 2.3 million foreign visitors in the first six months of 2015, an increase of 5.6 percent compared with the same period last year, Tourism Minister Thong Khon said Tuesday. ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/2015-08/11/c_134504960.htm

Union Law worries garment sector investors from Hong Kong

A visiting delegation from the American Chamber of Commerce in Hong Kong, which handles tens of billions of dollars in regional investment, says it raised concerns about the low threshold for forming unions in a pending new law during meetings with government officials Monday. ...

Zsombor Peter
https://www.cambodiadaily.com/business/union-law-worries-garment-sector-investors-from-hong-kong-91376/

Thai visa plan expected to push Cambodia tourism

Aiming to boost tourism numbers in its own country, Thailand has approved a multiple-entry visa that will allow tourists to leave and re-enter the country several times during a six month period, the Bangkok Post reported yesterday. ...

Ayanna Runcie and Hang Sokunthea
http://www.phnompenhpost.com/business/thai-visa-plan-expected-push-cambodia-tourism

China to prepare master plan for Cambodia’s new roads

The Transportation Ministry this week inked a $644,000 deal with a Chinese firm for a master plan to lay out Cambodia’s needs for new roads over the next several years. ...

Zsombor Peter and Buth Kimsay
https://www.cambodiadaily.com/news/china-to-prepare-master-plan-for-cambodias-new-roads-91107/

Airport bribes continue to plague visitors

International visitors to Cambodia are still being asked to hand over small bribes upon entering the country, despite promises over the past few years to stamp out the practice, the head of a tourism working group said he told the government during his last meeting ...

Huot Chanpav and Simon Henderson
https://www.cambodiadaily.com/news/airport-bribes-continue-to-plague-visitors-90755/

5,000 trees planted to reforest Angkor

About 5,000 trees were planted in Angkor Archaeological Park this summer, part of effort to combat severe deforestation of native tree species in Cambodia’s forests. ...

Naomi-Collett Ritz
http://www.khmertimeskh.com/news/14050/5-000-trees-planted-to-reforest-angkor/

Ticket sales at temples tracking to last year

Year-on-year ticket sales at Angkor Wat have remained flat for the first seven months of2015, while visitor numbers to the historic site dipped by two per cent, data from Apsara Authority shows. ...

May Kunmakara
http://www.phnompenhpost.com/business/ticket-sales-temples-tracking-last-year

China overtakes S. Korea to become largest tourist source of Cambodia's Angkor

China has overtaken South Korea to become the largest tourist source of Cambodia’s Angkor world heritage site, Cambodia’s state-run Agence Kampuchea Press (AKP) reported on Monday, citing a senior tourism official. ...

Ecns.cn News Staff
http://www.ecns.cn/2015/08-04/175675.shtml

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