Industries

De Castle Royal construction moves ahead at a princely pace

Even as political instability led to a drop in Phnom Penh’s housing market over the last few months, construction and sales of De Castle Royal steamed ahead in the third quarter. Now fully over the fallout from the 2008 global financial crisis, a recent $28 million ...

Hin Pisei
http://www.phnompenhpost.com/real-estate/de-castle-royal-construction-moves-ahead-princely-pace

Carabao Dang maker eyes plants in Myanmar, Cambodia

Carabao Tawandang, the manufacturer of Carabao Dang energy drinks, plans to open factories in Myanmar and Cambodia within the next three to five years. Managing director Sathien Setthasit yesterday said the company would also increase the production capacity of its Thai factory by 40 per cent, ...

Savitree Rinwong
http://www.nationmultimedia.com/business/Carabao-Dang-maker-eyes-plants-in-Myanmar-Cambodia-30217758.html

First mango export factory planned

Mong Reththy Group is co-investing $2 million to build a factory in Preah Sihanouk province for the packaging and export of Cambodian mangoes, the first company to formally ship the fruit overseas. Located in Koe Phos commune, the factory will cover 12 hectares of land and ...

Hor Kimsay
http://www.phnompenhpost.com/business/first-mango-export-factory-planned

USA garment factory workers block national road

Nearly 400 workers at the USA Fully Field (Cambodia) Garment factory blocked National Road 2 in Phnom Penh’s Meanchey district yesterday after fears spread that the factory was winding down operations and that management wouldn’t pay necessary wages once it closed. Soy Nakri, a worker representative ...

Mom Kunthear
http://www.phnompenhpost.com/business/usa-garment-factory-workers-block-national-road

SL Garment Protesters Gain Little From Talks at Labor Ministry

A two-day meeting between union leaders, senior government officials and representatives of the SL Gar­ment Factory failed Tuesday to reach a solution for factory workers, who have been on strike since early August and on Monday demonstrated in front of Prime Minister Hun Sen’s Phnom ...

Ben Woods and Khy Sovuthy
http://www.cambodiadaily.com/news/sl-garment-protesters-gain-little-from-talks-at-labor-ministry-45708/

City Says It Will Provide Land Titles to 33 Boeng Kak Families

Phnom Penh Municipality will provide land titles to 33 more families living in the city’s Boeng Kak neighborhood, a municipal official said Tuesday, roughly a third of those still seeking property rights in the area that has seen some 3,000 forced evictions. “First, we will solve ...

Khy Sovuthy and Ben Woods
http://www.cambodiadaily.com/news/city-says-it-will-provide-land-titles-to-33-boeng-kak-families-45710/

Sofitel Phnom Penh Wins 2nd Place in Awards

The Sofitel Phnom Penh Phokeethra has won second place among the 25 best hotels of Southeast Asia in the 2013 Readers’ Choice Awards of the prestigious Conde Nast Traveler publication, which also named Siem Reap City as one of the “Top 10 Cities in Asia.” Charles-Henri ...

Michelle Vachon
http://www.cambodiadaily.com/business/sofitel-phnom-penh-wins-2nd-place-in%E2%80%88awards-45706/

Cambodia sees 22 pct rise in garment exports in 9 months

Garment industry, Cambodia’s largest income earner, reported a 22-percent increase in exports in the first nine months of 2013, showed the data of the Ministry of Commerce released on Tuesday. During the January-September period this year, the country had exported garment products in equivalent to $4.2 ...

Global Times News Staff
http://www.globaltimes.cn/content/819443.shtml#.UmaRFflgd8E

Sabrina workers out after months in jail

Eight unionists locked in prison in Kampong Speu province since violent clashes at the Sabrina Garment factory in May and June were released on bail yesterday, court and union officials said. Cheum Rithy, a provincial judge, said he had decided to release the eight Free Trade ...

Mom Kunthear
http://www.phnompenhpost.com/national/sabrina-workers-out-after-months-jail

Angkor Wat ticket sales revenue up

Revenue from ticket sales to foreign tourists visiting Angkor Wat reached $41.4 million in the first nine months of 2013, a 14 per cent year-on-year increase, according to data from the Apsara Authority, which manages the site. Official data show that almost 1.5 million foreign ...

May Kunmakara
http://www.phnompenhpost.com/business/angkor-wat-ticket-sales-revenue

Shorten Buildings or We Will, City Hall Tells Two Developers

The Phnom Penh municipal government will today issue announcements to two property developers ordering them to partially demolish buildings near the Royal Palace in order to reduce their height to comply with the original planning agreements, an official said. The two buildings—one owned by Vattanac Properties ...

Aun Pheap and Simon Henderson
http://www.cambodiadaily.com/news/shorten-buildings-or-we-will-city-hall-tells-two-developers-45510/

Trade Expo Links Vietnam, Cambodia Military Firms

The 2013 Vietnam-Cambodia trade fair will commence on Nov 14 in Cambodia’s capital city Phnom Penh, said a representative from the Defence Ministry at a press briefing on Friday According to the organising board, some 200 Vietnamese enterprises have registered with more than 300 booths ...

Saigon-GP Daily News Staff
http://www.saigon-gpdaily.com.vn/Business/2013/10/106621/

Brands tell GMAC to dial it down

Some of the world’s largest clothing brands have warned the Garment Manufacturers Association in Cambodia of possible business ramifications should the factory representative continue with plans to impede labour monitoring. Thirteen major buyers, including Gap, H&M, Levi’s, Nike and Puma, have signed a letter to GMAC ...

Daniel de Carteret
http://www.phnompenhpost.com/business/brands-tell-gmac-dial-it-down

Buildings Up for Demolition Broke Agreement, Not Restrictions

Phnom Penh’s governor on Thursday refused to confirm whether two buildings close to the Royal Palace will be pulled down after local district and commune officials said Wednesday that their demolition due to height violations was imminent. Governor Pa Socheatvong de­clined to comment on the reports ...

Simon Henderson and Aun Pheap
http://www.cambodiadaily.com/news/buildings-up-for-demolition-broke-agreement-not-restrictions-45425/

New highway to run through Boeung Tompong

A new highway that is being built is expected to not only reduce traffic jams, but to also open up a large area for real estate development. The new highway, called Samdech Techo Hun Sen Blvd, runs from the intersection of Road 271 and Monivong Blvd ...

Siv Meng
http://www.phnompenhpost.com/real-estate/new-highway-run-through-boeung-tompong

Demolition Order for 2 Buildings Near Royal Palace

Government officials have ordered the immediate demolition of two buildings located within blocks of the Royal Palace because the structures are taller than the allowed limit for buildings surrounding the palace, officials said Wednesday. One building, owned by Vat­tanac Properties, is located a block from the ...

Aun Pheap and Joshua Wilwohl
http://www.cambodiadaily.com/news/demolition-order-for-2-buildings-near-royal-palace-45306/

Mercedes-Benz Distributor to Halt Repairs on Illegal Imports

Hung Hiep (Cambodia) Co., the only company in Cambodia licensed to import Mercedes-Benz luxury vehicles, said Monday it would no longer make repairs to new lines of Mercedes vehicles that are smuggled into the country. Company officials said the move is to reduce scams and repair ...

Hul Reaksmey
http://www.cambodiadaily.com/business/mercedes-benz-distributor-to-halt-repairs-on-illegal-imports-45121/

Elephants at centre of tourism tiff

For the ethnic Bunong people in this northeastern province, animals are an integral part of the local economy. Pigs, chickens and water buffaloes offer a variety of sustenance and labour. But it’s the elephants that bring foreigners – and foreigners bring cash. “When I get tours, the ...

Laura Ma
http://www.phnompenhpost.com/business/elephants-centre-tourism-tiff

Labour Ministry told to keep SL talks alive

In a letter sent to the Ministry of Labour and Vocational Training last week, the Council of Ministers encourages the ministry to facilitate talks between garment factory management and the union representing thousands of workers on strike for nearly two months. The letter, written by Council ...

Sean Teehan and Mom Kunthear
http://www.phnompenhpost.com/national/labour-ministry-told-keep-sl-talks-alive

Cambodia’s tax revenue still on rise

In the first nine months of the year, Cambodia’s tax revenue increased more than 17.3 per cent from the corresponding period in 2012, data from the General Department of Taxation show. Total tax revenue rose to $678.1 million from $578 million. ...

May Kunmakara
http://www.phnompenhpost.com/business/cambodia%E2%80%99s-tax-revenue-still-rise

Cambodia's Angkor greets 1.57 mln foreign visitors in 9 months

Cambodia’s Angkor Wat temples, one of the world heritage sites, attracted 1.57 million foreign tourists in the first nine of the year, up 6 percent compared with the same period in a year earlier, a tourism report showed Monday. South Korea, China, Vietnam, Japan and Thailand ...

Global Times
http://www.globaltimes.cn/content/817619.shtml#.Ul0inVBgd8E

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