Industries
Garment sector training institute breaks ground
Employing some 700,000 Cambodians, the garment sector is the country’s largest private employer. But move above the factory floor and you will find mostly foreigners, from countries such as China, Singapore, Bangladesh, Sri Lanka and the Philippines. ...
Peter Ford and Kang Sothear
https://www.cambodiadaily.com/news/garment-sector-training-institute-breaks-ground-93371/
Office properties show tepid growth
Commercial occupancy rates stayed almost flat in the first half of this year, with vacancy rates seeing only a marginal decline, according to a new semi-annual report from property consultancy firm Knight Frank. ...
Igor Kossov
http://www.khmertimeskh.com/news/15288/office-properties-show-tepid-growth/
Garment manufacturers plan institute to improve worker skills
The Garment Manufacturers Association in Cambodia wants to build a special school to improve Cambodian workers’ skills and make the country more competitive, but labor leaders say if the school is not provided for free, it won’t work. ...
Phorn Bopha
http://www.voacambodia.com/content/garment-manufacturers-plan-institute-to-improve-worker-skills/2943810.html
ADB confirms receipt of latest request from railway families
The Asian Development Bank (ADB) has received a complaint from 22 Cambodians who say the lender is falling short in its efforts to fix the mistakes it has made in planning and carrying out its ongoing rehabilitation of the country’s dilapidated railway tracks. ...
Zsombor Peter and Sek Odom
https://www.cambodiadaily.com/news/adb-confirms-receipt-of-latest-request-from-railway-families-93266/
Embassies warn of rise in coastal crime
Foreign diplomats this week have called for increased vigilance and caution on Cambodia’s coast, partcularly in places such as Sihanoukville, Koh Rong and Kampot, following a spike in serious crimes against foreigners. ...
Jack Laurenson
http://www.khmertimeskh.com/news/15252/embassies-warn-of-rise-in-coastal-crime/
Marketing at ‘The Bay’ eats into Teho’s bottom line
Teho International, developer of the $500 million “The Bay” real estate project in Phnom Penh, reported $5.3 million in losses for the year ending June 2015, in part due to marketing and promotional activities relating to the Cambodian project. ...
Ananth Baliga
http://www.phnompenhpost.com/business/marketing-bay-eats-tehos-bottom-line
Cambodia to host talks on protecting heritage
Cambodia will this week host a regional seminar on the Unesco convention for the protection of cultural heritage during armed conflicts. ...
Michelle Vachon
https://www.cambodiadaily.com/news/cambodia-to-host-talks-on-protecting-heritage-93055/
Market likely to peak by year end, analysts say
Although land prices have been cooling throughout Asean, Cambodia remains an exception – but that is not expected to last much longer, analysts say. ...
Igor Kossov
http://www.khmertimeskh.com/news/15020/market-likely-to-peak-by-year-end--analysts-say/
Gov't eyes industrial expansion
In search of Cambodia’s next economic growth driver, the government yesterday laid out the Cambodia Industrial Development Policy 2015-2025, which aims to expand the Kingdom’s narrow industrial base beyond garments and rice.The new policy, launched by Prime Minister Hun Sen at the Peace Palace in ...
Sor Chandara and Ananth Baliga
http://www.phnompenhpost.com/business/govt-eyes-industrial-expansion
Untaxed alcohol seized at border
Border police in Tbong Khmum’s Memot district near the Cambodian-Vietnamese border seized more than 900 cases of top-shelf booze on Sunday after a truck tried to smuggle in a large chunk without paying tax, police confirmed yesterday. ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/untaxed-alcohol-seized-border
Cambodia works with neighbours on tourism
Cambodia, Thailand and Vietnam are conducting ongoing discussions on the creation of a Southern Tourism Corridor, which would promote tour packages across the southern provinces of the three countries, giving a boost to tourism across the region. ...
Sor Chandara
http://www.phnompenhpost.com/business/cambodia-works-neighbours-tourism
Cambodia will weather financial storm: experts
The global stock market tumble may take the wind out of Cambodia’s property sector, but should have muted effects on the rest of the economy, analysts said yesterday. ...
Igor Kossov
http://www.khmertimeskh.com/news/14919/cambodia-will-weather-financial-storm--experts/
Foreign visits climb at Preah Vihear
Foreign visitors to the Preah Vihear Temple increased by 25 per cent for the first six months of the year, as compared to the same period last year, while local visitor arrivals dropped for the same period, according to Ministry of Tourism statistics. ...
Sor Chandara
http://www.phnompenhpost.com/business/foreign-visits-climb-preah-vihear
Thai cement giant to invest $300m in Cambodia
Thailand’s largest cement producer, Siam Cement Group (SCG), plans to invest up to $300 million to increase its production capacity in Cambodia over the next five years in a bid to take advantage of booming domestic demand, a company official said Monday. ...
Kang Sothear
https://www.cambodiadaily.com/business/thai-cement-giant-to-invest-300m-in-cambodia-92400/
Japan charts road to industrialization for Mekong region
Japan and the five Southeast Asian countries bordering the Mekong River adopted a blueprint Monday to boost industrialization in the subregion. It aims to boost the combined gross domestic product of the grouping to $4.7 trillion by 2020. ASEAN’s combined GDP is currently estimated at ...
The Japan Times News Staff
http://www.japantimes.co.jp/news/2015/08/24/business/japan-charts-road-industrialization-mekong-region/#.VdvM-Jf-SB2
Garment tool makers size up Cambodia
Industrial technology companies from across Asia expect garment manufacturers to turn to mechanization as a way to supplement human labor power in Cambodia. ...
Igor Kossov and Srey Kumneth
http://www.khmertimeskh.com/news/14817/garment-tool-makers-size-up-cambodia/
Uncovering the healthcare system of Angkor
About 15 years ago, French archaeologist Christophe Pottier found two skeletons while excavating the site of the 8th-century Prey Khmeng temple in Siem Reap province, and was looking for an expert to do a preliminary study on them. ...
Michelle Vachon
https://www.cambodiadaily.com/news/uncovering-the-healthcare-system-of-angkor-92316/
Coke betting big on Cambodia
Coca-Cola held the ground-breaking ceremony for its new $100 million production facility at the Phnom Penh Special Economic Zone yesterday, which when completed in 2016 will double the beverage behemoth’s Cambodian output over the next six years.The new facility, which was announced last November after ...
Ayanna Runcie and Ananth Baliga
http://www.phnompenhpost.com/business/coke-betting-big-cambodia
Industrial policy to be released next week
The government will next week release its Industrial Development Policy (IDP) that aims to keep the economy on its high-growth trajectory, a senior official confirmed yesterday. ...
Sor Chandara
http://www.phnompenhpost.com/business/industrial-policy-be-released-next-week
Few affordable options amid property boom
“The Most Luxurious Home in Phnom Penh,” the placard reads, behind a glowing architectural model of Sky 31, one of the city’s many high-end condominiums under construction. ...
James Reddick and Igor Kossov
http://www.khmertimeskh.com/news/14718/few-affordable-options-amid-property-boom/
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