Industries

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 ...

Bonna Realty Group will prepare to list on the Cambodia Securities Exchange, the company’s president said this week. The real estate firm joins a small but growing group of private companies that say they are gearing up for initial public offerings on the new exchange. ...

About 2,000 workers at a factory supplying clothes to U.S. brands Levi Strauss, Gap and Old Navy were stopped by security forces yesterday as they attempted to march from Kandal province to the Ministry of Labor to protest for severance payments and additional benefits. Protests at ...

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. ...

Prime Minister Hun Sen yesterday shot down calls for a free visa system for all ASEAN + 3 nations. The proposal would have included the ASEAN nations as well as China, Japan and South Korea. Minister of Tourism Thong Khon made the proposal during a Tourism Ministry ...

About 3,000 workers at a factory supplying clothes to U.S. brands Levi Strauss and Old Navy blocked traffic for nearly five hours yesterday on National Road 4 in Kandal province, as part of a protest for more benefits and severance pay, protesters and police said. Protests ...

Deputy Prime Minister Men Sam An has called for the greater use of local products in the tourism sector, as products from overseas that continue to supply the industry result in a 25 per cent loss in revenue for Cambodia’s US$2 billion-a-year tourism industry. ...

Roughly 4,000 garment workers at a factory supplying clothes for U.S. brands Gap, Levi Strauss and Old Navy went on strike yesterday and threatened to march in Phnom Penh on Thursday to demonstrate against poor pay. The demonstration took place at Tai Yang Enterprises in Kandal ...

Revenues from the tourism sector increased 7 percent to $1.91 billion in 2011, though more could be made if hotels sourced more goods from local producers instead of importing from abroad, Tourism Minister Thong Khon said yesterday. Speaking at a conference in Phnom Penh, Mr. Khon ...

Kompong Thom provincial military police confiscated 29 excavators and arrested four drivers in a four-day operation ending yesterday aimed at stopping the illegal construction of reservoirs around the Tonle Sap lake, officials said. The reservoirs, which are used to retain water for use in dry-season farming, ...

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 ...

Cambodia’s tourism minister Thong Khon said this week that ASEAN is protected to gain around 107 million international tourists in 2015 as the bloc will create the community that year. Speaking at closing ceremony of the 10th Tour Guide Training and the Opening of 11th Tour Guide Training for Phnom Penh city at ...

At least 500,000 baby fish and 100,000 young shrimps had been released into a reservoir in the Eastern part of Cambodia on Sunday to mark the 10th National Fish Day. Annual event is aimed at encouraging people to actively join forces to preserve fish species ...

Property prices in both in Phnom Penh and the surrounding suburbs have increased around 10 percent in the first half of 2012 as more foreign investors buy up new condominiums and banks provide more housing loans, say real estate experts. After years of flat prices due to weak demand in the wake of ...

The Islamic Republic of Iran on Wednesday invited Cambodian Prime Minister Hun Sen to attend the Non-Aligned Movement (NAM) Conference to be held in Tehran in late September, according to officials. Meanwhile, [Hun Sen], on the bilateral ties, asked Iran to expand relations and cooperation with ...

A new inter-ministry prakas is planned that controls and ensures the safety of bus passengers using the Kingdom’s growing bus network, and may include monitoring the behaviour of drivers and companies prior to granting licences, Cambodian officials said. Bus companies are now controlled by Ministry of ...

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 ...

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, ...

The Ha Tien Vegas Entertainment Resort and casino in Kampot Province along the Vietnamese border announced yesterday that it has sacked 500 employees and shut down its 130-room resort less than two years after it became the first casino to open in the province. The company said ...

Cambodia and China, on June 13th, inked an agreement to strengthen their ties and showed they have become comprehensive strategic partners as ties between the two countries boosts bilateral trade to reach a level of 5 billion US dollars by 2017. Eang Sophallet, an assistant to Samdech Prime Minister Hun Sen, told media that ...