Tourism

Latest figures show the total value of approved investment in the Kingdom declined by more than 70 per cent in the first half of this year compared to the equivalent period a year before. Economists and officials are unconcerned, however, saying that some big projects during ...

The Cambodian governemnt is lobbying the tourism sector to focus more on using local foods, which it says could generate millions of dollars in revenue a year. But hotels and restaurants say quality standards and supplies of local products are often not adequate and businesses ...

Cambodia has gained the investments of 178 million U.S. dollars from its ASEAN member states in the first six months of 2012, according to a report from the Council for the Development of Cambodia said this week. From January to June this year, the country granted ...

Entertainment Gaming Asia Inc. (EGA), which owns a number of casinos in Cambodia, as well as provides gaming machines to other local gambling venues, announced on Tuesday that quarterly revenues from April through June reached a record $5.2 million, up 14 percent compared to the ...

While AirAsia, one of the world’s largest low-cost airline, is gearing toward an expansion in the region, the company’s chief executive said that serving Cambodia was expensive due to high airport fees. Airport charges are high and restrictive, as are over-flight fees, compared to other countries in ...

Chinese firms have huge ambitions for Cambodia, with a second firm this week proposing three projects worth an estimated US$6.5 billion to the National Assembly yesterday, but no deadlines were set for the implementation of the projects, according to officials. Pan Xiaoping, chairman of Ruijin Investment Holding Ltd, ...

PHNOM PENH — China’s Hainan Ruijin Investment Holding Group planned to invest in rice plantation, cow farm and tourism development in Cambodia, the group’s chairman Pan Xiaoping said Wednesday. Pan said during a meeting with Heng Samrin, president of Cambodia’s National Assembly that his company decided ...

PHNOM PENH — China’s Hainan Ruijin Investment Holding Group planned to invest in rice plantation, cow farm and tourism development in Cambodia, the group’s chairman Pan Xiaoping said Wednesday. Pan said during a meeting with Heng Samrin, president of Cambodia’s National Assembly that his company decided to establish an overseas branch office in Cambodia to focus on the threeprojects. Pan did not say when the projects will be started. Heng Samrin pledged full support for those projects, which he said will be good to boost thedevelopment of Cambodia’s economy. “Foreign investment is a key factor to accelerate economic development in Cambodia,” he said.   ...

The growth in international tourists visiting Cambodia is almost 27 per cent that of the numbers seen during the first six months of 2011, according to tourism officials who are predicting that the growth may be 25 per cent at the end of this year. Visitors ...

At first glance, the numbers indicate Cambodia’s investment climate has grown a little colder. Conditions appear to be worse than they were a year ago due to a big drop in total fixed assets for approved investment projects. However, economists say the Cambodia outlook is actually ...

The Cambodian Tourism and Service Worker’s Federation (CTSWF) is asking Minister of Labour Vong Sauth to intervene in the case of one union worker fired from a Phnom Penh International Airport company with no reason offered. Nin Kosal, who worked as union secretary for the Cambodia ...

Cambodia’s top economy builders are looking to bring back Thai investment that has departed the country since the onset of political clashes involving Preah Vihear temple in northern Cambodia. Officials at the Council for the Development of Cambodia (CDC) yesterday hosted 30 delegates from the Thai ...

India’s Ambassador Dinesh K. Patnaik pledged Tuesday to urge Indian airlines to operate direct flights to Cambodia in order to boost bilateral relations in trade, investment and tourism. ...

Arrivals from Thailand and Laos gained the highest growth rate in May of all Cambodia’s tourist suppliers according to the country’s latest tourism report. Released by the Statistics and Tourism Information Department of the Tourism Ministry, the report showed a slowdown in travel from Thailand during ...

Charter flights through Cambodia’s two international airports contributed to a 20 per cent year on year jump in passenger flow during the first half of 2012, according to the minister of tourism. About 1.03 million passengers arrived at Phnom Penh International Airport and and Siem Reap ...

Siem Reap, home of world heritage Angkor Wat temple was recognized as the cultural city of East Asia 2012. The announced was made in the 13th ASEAN Plus Three Foreign Ministers’ Meeting in Phnom Penh on July 10. “That is an honor for Siem Reap province, said Cambodian officials and tourism sector. The ...

Ticket prices for Angkor Wat will increase after a feasibility study is conducted by tourism experts, according to an official from the Apsara National Authority, the state-run body charged with maintaining the archaeological park. The experts were determining how feasible increasing entrance fees for Cambodia’s UNESCO ...

The tourism industry will resume helping the economic growth of the country, Tourism Minister Thong Khon said this week. Currently we lost about 247 million US dollars on other facilities of tourism fields. He adds: “We agreed that the benefits from tourism have 25% leakage as we earn about 1.9 billion US dollars in ...

Cambodia’s tourism sector has emerged from a “mystery disease” scare unscathed, industry insiders said yesterday, although some regional health authorities noted what the World Health Organisation called an outbreak of Enterovirus-71 (EV-71), which has killed at least 52 children in the Kingdom. “The disease has only ...

For the past decade, Cambodia’s economy has steadily grown with GDP growth surpassing 5% on a compounded annual basis for the past twelve years. Nearly 58% of the populace is engaged in agriculture, while the service sector employs 26% and industry accounts for the remaining ...

Cambodia and Thailand’s financial exposure to Europe would make the two counties the most vulnerable regionally, an ANZ Bank report showed. The Kingdom’s exports and tourism sectors were on increasingly unstable ground as Europe’s debt crisis advanced. ...

As much of the world struggles with post growth, Cambodia’s tourism and hospitality sector continued to expand and diversify, attracting more intraregional activity and especially from major emerging markets in Asia, MICE segments, as well as traditional leisure clientele. Like neighboring countries Thailand, Vietnam, Malaysia and Laos, Cambodia has quickly emerged into a well sought-after tourist ...

Mr. Luu Meng, president of hotel association in Cambodia said this week that Cambodia needs to develop tourism skills to compete with other countries in the ASEAN region as the kingdom has more opportunity to attract foreign visitors. “Our skills of hospitality are limited in the ...

Prime Minister Hun Sen yesterday reiterated comments made by government officials Tuesday that government institutions, hotels and restaurants should begin serving local cuisine and produce to generate more cash flow in the tourism sector. ...