Industries

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. ...

“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. ...

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. ...

“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, ...

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. ...

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, ...

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. ...

Japan’s Creed Group is investing hundreds of millions in three housing developments in Phnom Penh, the company announced last week. ...

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. ...

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. ...

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

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. ...

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 ...

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. ...

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 ...

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

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 ...

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. ...

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. ...

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. ...

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. ...

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. ...

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 ...

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. ...