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Cambodia Reaching New Heights
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 ...
Ninth Master Suki Soup opens in Phnom Penh
The family hotpot-style restaurant Master Suki Soup has opened its ninth restaurant in Cambodia, on Sothearos Boulevard adjacent to Hun Sen Park, with the newly relocated German Fresh Beer brew pub and German menu upstairs. The soft opening took place on Thursday night as Master Suki ...
http://www.phnompenhpost.com/index.php/2012070957286/Business/ninth-master-suki-soup-in-pp.html
As European leaders try to save the euro, uncertainty about fallout in Cambodia if they don't succeed
It’s after midnight in Sihanoukville and British teenagers are clogging the walkways, pushing past one another to drain free shots at the bars. In Kep, elderly French tourists sun themselves at the upscale Sailing Club while Spaniards and Germans eye the offerings at Phnom Penh’s Central Market. In spite of the growing fears ...
Cambodia Needs To Develop Qualified Tourism Skills, Private Sector Said
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 ...
Electricity Prices to Rise For Thousands of Homes
The state-owned energy supplier Electricite du Cambodge (EdC) will increase the price of electricity in September for tens of thousands of homes in Phnom Penh and three other provinces due to a hike in the cost of energy being supplied by Vietnam, officials said yesterday. Ty ...
Not all economic land concessions listed
The Ministry of Agriculture, Forestry and Fisheries’ latest list of economic land concessions reveals some peculiar discrepancies with known records of ELCs. Some that have recently been granted are missing, while others known to have been cancelled remain. The June 8 MAFF list makes no mention ...
http://www.phnompenhpost.com/index.php/2012070557236/National-news/not-all-elc-listed.html
Cambodia Beer to Ship First Export Batch to Japan
Less than two months after opening a $60 million brewery on the outskirts of Phnom Penh, Cambodia Beer will be exported for the first time today when vessels carrying the beer set out for Japan from Sihanoukville Autonomous Port, according to a statement issued yesterday ...
Wenzhou business grows in Phnom Penh
The number of incoming business people from Wenzhou, a Chinese coastal city of three million known for manufacturing, has grown markedly in recent years. So much, in fact, that Wezhou opened an official chamber of commerce in Phnom Penh last week. Labour and land costs on China’s ...
http://www.phnompenhpost.com/index.php/2012070457175/Business/wenzhou-business-grows.html
Small growth for Phnom Penh's water utility
Phnom Penh Water Supply Authority saw 8.2 per cent revenue growth during the first quarter of the year, a welcomed disclosure after the retirement of the state-owned firm’s general director was announced last week. The firm took in US$7,725,500 between January and March, up from $7,140,473 ...
http://www.phnompenhpost.com/index.php/2012070357153/Business/small-growth-for-ppwsa.html
Revenues for S'Ville Port Hit $14M in Five Months
Revenues generated at the Sihanoukville Autonomous Port increased 13.6 percent to $14 million in the first five months of 2012, compared to the same period last year, a port official said yesterday. Lou Kimchhun, director-general of the port, said that revenues came from a 9 percent ...
Phnom Penh Asean Meeting Braced for More S China Sea Talks
A dispute over territory in the South China Sea is once again set to hang over talks when China and the U.S. join in on a week of high-level Asean meetings that start in Phnom Penh on Friday. So far, the Ministry of Foreign Affairs has ...
Office space growing as more firms set up shop in Phnom Penh
The supply of second-tier office space has increased during the first half of 2012 as the number of new firms in Phnom Penh city continues to grow, according to real estate experts. A study by Asia Real Estate Cambodia (ARC) found that office space in the “grade B” category now stands at ...
Sihanoukville port sees steady growth
Revenue at Sihanoukville Autonomous Port increased 13.6 per cent year on year between January and June, port officials confirmed yesterday. As the state-owned enterprise gears up for listing on the Cambodia Securities Exchange, the neighbouring Sihanoukville Special Economic Zone will play an increasingly important role in ...
http://www.phnompenhpost.com/index.php/2012070357157/Business/sihanoukville-port-growth.html
Boutique hotels rising
An increasing number of boutique hotels are appearing in Cambodia and attracting foreign investment, insiders say, including a US$2 million investment in the Governor’s House, a newly opened, 10-room boutique hotel in Phnom Penh. The number of boutique hotels in Cambodia has increased rapidly, particularly in ...
http://www.phnompenhpost.com/index.php/2012070257135/Business/boutique-hotels-cambodia.html
Garment Makers Gear Up for IPOs
Two foreign-owned garment manufacturers will submit disclosure documents to Cambodia’s capital market regulator next month, the companies’ underwriter Phnom Penh Securities Firm Plc. said yesterday. The initial public offerings for the two private companies, expected by the end of the year, should boost action on the ...
http://www.phnompenhpost.com/index.php/2012062957093/Business/garment-makers-gear-up-for-ipos.html
Manulife Enters Cambodia Market With Phnom Penh Office
Manulife Financial Corp. (MFC), Canada’s largest insurer, has opened an office in Phnom Penh, Cambodia, its first in the Southeast Asian nation. Manulife has about 40 people in its Cambodian unit, the Toronto-based insurer said today in a statement. ...
http://www.bloomberg.com/news/2012-06-28/manulife-enters-cambodia-market-with-phnom-penh-office.html
S'ville Port Likely to Miss Bourse Registration Date
An official at the Sihanoukville Autonomous Port yesterday said the state-owned firm would miss its target of registering with the Securities and Exchange Commission of Cambodia (SECC) next month, a key step before listing on the country’s nascent bourse. Ho Hongsik, director of SBI Royal ...
Inspiring tech entrepreneurship
The arrival of Startup Weekend in Cambodia marked a new beginning for high-tech entrepreneurship as more than 80 people worked on all kinds of new business ideas all weekend at Yellow Tower across the Tonle Sap from The Riverside. Chief Marketing Officer Joey Pomerenke of Startup ...
http://www.phnompenhpost.com/index.php/2012062556987/Business/tech-entrepreneurship.html
Prisoners 'utilised' in violent eviction
Twenty convicts in Preah Sihanouk Provincial Prison were employed by military and local authorities to tear apart a nearby village on land slated for a second prison compound, villagers and rights groups alleged yesterday. However, prison authorities denied that any incarcerated people were involved in the ...
http://www.phnompenhpost.com/index.php/2012062557001/National-news/prisoners-in-eviction.html
Illicit Crocodile Farms Causing Price Collapse
An abundance of illegal crocodile smugglers operating without a license and exporting animals to Vietnam has led to the price of crocodiles dropping by more than half compared to the same period last year, breeders said yesterday. Loun Nam, president of the Crocodile Feeder Association, ...
Korean College for Siem Reap
Cheju Halla, a Korean university, plans to build a university of tourism and hospitality in Siem Reap next year, Tourism Minister Thong Khon told reporters yesterday at a meeting with Han Soo Kim, the new South Korean ambassador to Cambodia. The Ministry of Tourism has requested ...
http://www.phnompenhpost.com/index.php/2012062156924/Business/korean-college-siem-reap.html
City Defends Boeng Kak Project, Attacks Critics
The filling of Boeng Kak lake and the eviction of thousands of residents was necessary to root out the “prostitutes and terrorists” that were drawn to the area’s once-popular tourist zone, the Phnom Penh Municipality said in a statement yesterday. In a statement posted to its ...
Trade, Tourism To Get Boost Along Phnom Penh-Bangkok Route
Cambodia and Thailand are poised for a boost in trade and tourism following a new agreement taking effect today that simplifies procedures at a key border crossing between the two nations. “The ability to move people, goods, and vehicles across borders efficiently and responsibly is at the heart of regional economic integration,” said Craig Steffensen, ...
Bo Xilai associate arrested in Phnom Penh
Cambodian authorities yesterday arrested French architect Patrick Devillers – friend and business associate of disgraced Chinese politician Bo Xilai – and may be moving to extradite him to China to face unspecified charges there, police said. Phnom Penh Police Commissioner Touch Naroth confirmed the arrest to ...