Industries

Tourism

SME bank's $50M loan scheme raises concerns for tourism businesses

Tourism players and economic experts have welcomed SME Banks’ loan scheme of more than $50 million to help Siem Reap business owners. However, while potentially improving tourism performance, concerns have been raised about mounting debt. ...

Yatt Malai
https://kiripost.com/stories/sme-banks-500m-loan-scheme-raises-concerns-for-tourism-businesses

MoT, SME Bank launch financial scheme to help tour operators in SR

The Ministry of Tourism (MoT) in collaboration with the Small and Medium Enterprise Bank of Cambodia (SME Bank) early this week launched financial schemes aimed at providing tourism business owners to develop or expand their operations in Siem Reap province. ...

Nhean Chamrong
https://www.khmertimeskh.com/501468046/mot-sme-bank-launch-financial-scheme-to-help-tour-operators-in-sr/

Loans offered to struggling tourism Siem Reap businesses

The government is offering tourism-related businesses in Siem Reap struggling from the slow tourist rebound a share of a $50 million pot of loans to keep operations afloat, however, concerns have been raised that the 6.5 percent interest rate may be too high for some. ...

Yatt Malai
https://kiripost.com/stories/loans-offered-to-struggling-tourism-siem-reap-businesses

10,000 witness Spring Equinox sunrise at Angkor Wat

More than 10,000 tourists woke up at 5am yesterday to visit Angkor Wat temple in Siem Reap to watch the Spring Equinox sunrise. ...

Nang Veasna
https://www.khmertimeskh.com/501460350/10000-witness-spring-equinox-sunrise-at-angkor-wat/

Lao Airlines resumes Phnom Penh flight

Lao Airlines, the national airline of Laos, yesterday, resumed the operation of direct flights between Vientiane and Phnom Penh, offering a three-times-a-week service, scheduled every Tuesday, Thursday and Saturday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501458786/lao-airlines-resumes-phnom-penh-flight/

‘Visit Siem Reap 2024’ campaign kicks off to attract foreign tourists

The Visit Siem Reap 2024 campaign was launched on Saturday in​ Siem Reap province, home of famed UNESCO-listed Angkor Archaeological Park, to attract more foreign tourists to visit the land rich in cultural landscapes. ...

Chea Vanyuth
https://www.khmertimeskh.com/501457410/visit-siem-reap-2024-campaign-kicks-off-to-attract-foreign-tourists/

Direct India flights to Cambodia likely in April

Direct flight from India to Cambodia is expected this year as both sides are finalizing legal procedures for air connectivity, paving the cooperation on trade and investment. ...

Chea Vanyuth
https://www.khmertimeskh.com/501446576/direct-india-flights-to-cambodia-likely-in-april/

MoT, EuroCham agree to bolster tourism investment

The Ministry of Tourism (MoT) and European Chamber of Commerce (EuroCham) on Tuesday agreed to join hands in attracting public and private investments aimed at enhancing the Kingdom’s tourism sector through the Cambodian Tourism Marketing and Promotion Board (CTB). ...

Nhean Chamrong
https://www.khmertimeskh.com/501440070/mot-eurocham-agree-to-bolster-tourism-investment/

Apsara opens a hiking path linking botanical gardens to temples

The Apsara Authority has created a new hiking path through the natural forest from Angkor Botanical Garden to Angkor Wat Archaeological Park. ...

Torn Vibol
https://www.khmertimeskh.com/501439413/apsara-opens-a-hiking-path-linking-botanical-gardens-to-temples/

Cambodia’s tourism earns $3.04 billion revenue in 2023

Cambodia’s tourism earned gross revenue of $3.04 billion in 2023, up 115 percent from $1.41 billion in a year earlier, according to a Ministry of Tourisms report released on February 12, 2024. ...

Khmer Times Staff
https://www.khmertimeskh.com/501439009/cambodias-tourism-earns-3-04-billion-revenue-in-2023/

Siem Reap receives more than 110,000 tourists during the Chinese-Vietnamese New Year

Tourists and people of Siem Reap Province visit various resorts in Siem Reap Province during the Chinese-Vietnamese New Year from February 9–11, 2024, for a total of 117,677 people, an increase of 11.56% compared to 2023, about 105,481 people. ...

Khmer Times Staff
https://www.khmertimeskh.com/501438425/siem-reap-receives-more-than-110000-tourists-during-the-chinese-vietnamese-new-year/

Tourism, manufacturing, infra development to raise GDP to 6.4% in 2024

Manufacturing, the recovery of Cambodian tourism on the back of regional improvement, and infrastructure development are likely to boost gross domestic product (GDP) growth, projected at 6.4 percent this year, up from 5.5 percent in 2023. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/tourism-manufacturing-infra-development-to-raise-gdp-to-64-in-2024

Cambodia to establish international nursery stations in four provinces

The Ministry of Environment plans to establish four international standard nursery stations in Kampong Speu, Koh Kong, Siem Reap, and Tbong Khmum provinces. ...

Khmer Times Staff
https://www.khmertimeskh.com/501427578/cambodia-to-establish-international-nursery-stations-in-four-provinces/

Cambodia welcomes 547,798 Chinese tourists last year, up 412.5 percent

Cambodia received 547,798 Chinese visitors in 2023, up 412.5 percent from only 106,875 in a year earlier, said a Ministry of Tourism’s report released on Friday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501426047/cambodia-welcomes-547798-chinese-tourists-last-year-up-412-5-percent/

AMRO maintains 6.2 percent GDP growth for Cambodia

The ASEAN+3 Macroeconomic Research Office (AMRO) has maintained a 6.2 percent growth for Cambodia in the current year in its January 2024 Quarterly Update. ...

Sreekanth Ravindran
https://www.khmertimeskh.com/501425667/amro-maintains-6-2-percent-gdp-growth-for-cambodia/

Cambodia welcomes 5.4 million foreign tourists in 2023

Cambodia attracted some 5.43 million international tourists in 2023, a sharp increase of 139 percent from 2.27 million in 2022, the Ministry of Tourism pointed out in a report on Friday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501426346/cambodia-welcomes-5-4-million-foreign-tourists-in-2023/

Cambodian PM receives CEOs of two companies in Davos

Dr. Hun Manet, Prime Minister of Kingdom of Cambodia, received separate courtesy calls from CEOs of two private companies in Davos, Switzerland on Jan. 16. ...

Khmer Times Staff
https://www.khmertimeskh.com/501424482/cambodian-pm-receives-ceos-of-two-companies-in-davos/

Cambodia and Xi’an strengthen ties through direct flights and tourism exchange

The Mayor of Xi’an in the People’s Republic of China, Ye Niuping, recently met with Cambodian Consul General Heng Poeu to discuss ways to enhance economic, cultural, and tourism cooperation between the two regions. ...

Khmer Times Staff
https://www.khmertimeskh.com/501424448/cambodia-and-xian-strengthen-ties-through-direct-flights-and-tourism-exchange/

Cambodian Prime Minister Welcomes ACCOR Group’s Continued Investment

In a meeting with Dr. Hun Manet, Prime Minister of Cambodia, Monday, in France, Ms. Maud Bailly, Chief Executive Officer of Sofitel, MGallery& Emblems, representing ACCOR Group, expressed optimism about the growth and improvement of the tourism sector in Cambodia in 2024. ...

Khmer Times Staff
https://www.khmertimeskh.com/501423738/cambodian-prime-minister-welcomes-accor-groups-continued-investment/

Swiss commit to hospitality training plans

Cambodia and Switzerland have discussed increasing the provision of vocational training for the tourism industry. Through the wider implementation of the Skills Development Programme Phase II 2024-2028, they aim to bring the quality of services in line with national and ASEAN standards, ensuring that the ...

Sok Raksa
https://www.phnompenhpost.com/national/swiss-commit-to-hospitality-training-plans

Tour guides, interpreters told to strengthen services

The Ministry of Tourism has instructed all tour guides and interpreters to continue strengthening professional practices to improve the quality of reliable and friendly services for tourists. ...

Torn Vibol
https://www.khmertimeskh.com/501420447/tour-guides-interpreters-told-to-strengthen-services/

Siem Reap tourism vendor loans to be more accessible in 2024

The Small and Medium Enterprise Bank of Cambodia Plc. (SME Bank), loan terms for tourism vendors in Siem Reap Province will be loosened from the beginning of 2024 to encourage more uptake of funds exclusively by Siem Reap-based entities to bolster the sector’s return to ...

James Whitehead
https://www.khmertimeskh.com/501418092/siem-reap-tourism-vendor-loans-to-be-more-accessible-in-2024/

Cambodia and India emerge as Vietnam’s fastest growing tourism markets

India is now Vietnam’s fastest growing tourism market with the number of visitors last year from that country increasing by 231% from 2019, the year before Covid broke out. ...

Khmer Times Staff
https://www.khmertimeskh.com/501417727/cambodia-and-india-emerge-as-vietnams-fastest-growing-tourism-markets/

Kampong Thom governor leads tree planting, green initiative

Kampong Thom provincial governor Nguon Ratanak recently led the planting of over 60 young tree saplings in Stung Sen garden, situated along the namesake river. The new trees are expected to beautify the provincial town and attract more domestic and international visitors. ...

Chea Sokny
https://www.phnompenhpost.com/national/k-thom-governor-leads-tree-planting-green-initiative

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