Industries
Garment exports likely to decline in first half of 2023
Orders for garments and footwear have not picked up in Cambodia last year, and it will continue to decline, according to a senior official of the Textile, Apparel, Footwear & Travel Goods Association in Cambodia (TAFTAC). ...
Sok Sithika
https://www.khmertimeskh.com/501215004/garment-exports-likely-to-decline-in-first-half-of-2023/
Cambodia ready to welcome return of Chinese investors, tourists
Cambodia’s Ministry of Tourism (MoT) said Thursday that the kingdom is ready to welcome the return of Chinese investors and tourists, saying that their presence is vital for its tourism and socioeconomic development. ...
Khmer Times Staff
https://www.khmertimeskh.com/501215188/cambodia-ready-to-welcome-return-of-chinese-investors-tourists/
Big $0.3B tyre plant finished ‘by May’
Construction work on a massive tyre factory in Sihanoukville Special Economic Zone (SSEZ) is expected to be completed by May, according to Preah Sihanouk Provincial Administration spokesman Kheang Phearom on January 3. ...
May Kunmakara
https://www.phnompenhpost.com/business/big-03b-tyre-plant-finished-may
Work starts on 108-meter-tall Buddha statue in Cambodia
Cambodia on Wednesday started to construct a 108-meter-tall Buddha statue on the top of Bokor Mountain here in the country’s southwestern coastal province. ...
Khmer Times Staff
https://www.khmertimeskh.com/501214456/work-starts-on-108-meter-tall-buddha-statue-in-cambodia/
287,454 international tourists visit world famous Angkor Archaeological Park in Cambodia in 2022
Cambodia’s famed Angkor Archaeological Park attracted 287,454 foreign tourists in 2022, earning $11.5 million from ticket sales, the state-owned Angkor Enterprise said in a statement on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501214463/287454-international-tourists-visit-world-famous-angkor-archaeological-park-in-cambodia-in-2022/
Tourism industry expert urges creation of more attractions
Tourism industry experts are anticipating an increase in visitors to the Kingdom during this year’s high season and encouraging communities in lesser-known areas to think creatively and find new ways to draw tourists out from the usual destinations. ...
Van Socheata
https://www.phnompenhpost.com/business/tourism-industry-expert-urges-creation-more-attractions
International brand plans local jewellery factory
A “well-known” but unnamed international brand has chosen Cambodia as the location to set up a new export-oriented jewellery factory, revealing plans to start investment operations in early 2024, the Council for the Development of Cambodia (CDC) reported. ...
Hin Pisei
https://www.phnompenhpost.com/business/international-brand-plans-local-jewellery-factory
Foreign tourists to reach 3m in 2023
Tourism leaders remain confident the sector will further rebound in 2023, attracting three million international arrivals. ...
Chhorn Raksmey
https://kiripost.com/stories/foreign-tourists-to-reach-3m-in-2023
Cambodia’s economy and tourism stands to reap benefits from China reopening
Cambodian Prime Minister Hun Sen said on Monday that China’s upcoming reopening of its borders will revitalize the kingdom’s economy and tourism. ...
Khmer Times Staff
https://www.khmertimeskh.com/501212934/cambodias-economy-and-tourism-stands-to-reap-benefits-from-china-reopening/
2,534 high-rise buildings completed by 2022
According to a study issued on December 27, the Ministry of Management stated that from 2000 until November this year, 2,534 high-rise structures were constructed, including 1,674 in Phnom Penh, 685 in Sihanoukville, 131 in Banteay Meanchey, and 43 in other places. Among the high-rise buildings, ...
Mao Sreypich
https://kiripost.com/stories/2534-high-rise-buildings-completed-by-2022
Int’l visitors top 1.9M in Jan-Nov, on track to hit full-year target
Cambodia welcomed more than 1.914 million international visitors in the first 11 months of 2022, up nearly 12-fold on-year, in an improvement largely attributed to effective pandemic management and the relatively early adoption of a “Living with Covid” approach. ...
Hin Pisei
https://www.phnompenhpost.com/business/intl-visitors-top-19m-jan-nov-track-hit-full-year-target
Poipet fire kills 26 and injures 57
The blaze that tore through a Poipet casino has killed 26 people and injured 57, with most of the victims Thai, Banteay Meanchey Provincial Governor Oum Reatrey said. ...
Chhorn Raksmey
https://kiripost.com/stories/poipet-fire-kills-26-and-injures-57
Condo oversupply persists amid low FDI and foreign buyers
Total foreign direct investment (FDI) to the real estate sector peaked at $3.6 billion in the years preceding Covid-19, where half of the approved investments was backed by Chinese investors. In 2019 alone, FDI financing in the property and real estate development in Cambodia stood around ...
Sangeetha Amarthalingam
https://kiripost.com/stories/condo-oversupply-persists-amid-low-fdi-and-foreign-buyers
Ten new projects to create more than 8,000 jobs: CDC
The Council for the Development of Cambodia (CDC) notices issued month-to-date reveal that it has greenlit 10 new projects worth nearly $50 million, mostly involved in garments, footwear and packaging. ...
May Kunmakara
https://www.phnompenhpost.com/business/ten-new-projects-create-more-8000-jobs-cdc
New Year sees over two million tourists nationwide
With the country having controlled the spread of Covid-19, Cambodians and foreigners were able to celebrate the New Year and more than two million tourists were recorded in two days. ...
Khmer Times Staff
https://www.khmertimeskh.com/501212322/new-year-sees-over-two-million-tourists-nationwide/
China funds construction of 30 roads in Cambodia
Prime Minister Hun Sen has spoken highly of the key contribution of China to the connectivity in Cambodia by financing the construction of 30 roads across the country. ...
Khmer Times Staff
https://www.khmertimeskh.com/501209416/china-funds-construction-of-30-roads-in-cambodia/
UYFC holding eight-day celebration in Siem Reap
Union of Youth Federations of Cambodia (UYFC) of Siem Reap yesterday kicked off an eight-day Christmas and New Year celebration aimed at boosting tourism in the province. ...
Torn Vibol
https://www.khmertimeskh.com/501208548/uyfc-holding-eight-day-celebration-in-siem-reap/
Foreign tourists gradually return to famed Angkor in Cambodia
Sao En, a souvenir vendor at the Angkor Archaeological Park in northwest Cambodia, is delighted to see many foreign tourists visiting the ancient site again. ...
Khmer Times Staff
https://www.khmertimeskh.com/501204363/foreign-tourists-gradually-return-to-famed-angkor-in-cambodia/
Cambodia’s apparel exports up 16.56 pct to $8.366 bn in Jan-Nov 2022
Cambodia’s apparel exports increased by 16.56 per cent year-on-year to $8.366 billion during January-November 2022. This constituted 40.89 per cent of Cambodia’s total foreign income of $20.457 billion during the period under review, according to data from the general department of customs and excise under ...
Khmer Times Staff
https://www.khmertimeskh.com/501203010/cambodias-apparel-exports-up-16-56-pct-to-8-366-bn-in-jan-nov-2022/
Cambodia’s GFT sector suffered setbacks
TAFTAC says the garment, footwear and travel goods sector needs assistance and an advisory group is urgently needed to help it rebound ...
Kiripost staff writers
https://kiripost.com/stories/cambodias-gft-sector-suffered-setbacks
Tourism sector is the market for farmers and producers
Prime Minister Hun Sen has appealed to all concerned parties to make the whole tourism sector the market for farmers and producers. ...
Khmer Times Staff
https://www.khmertimeskh.com/501200308/tourism-sector-is-the-market-for-farmers-and-producers/
Cambodia’s of apparel to Thailand may rebound after steep fall
Thailand’s apparel imports from Cambodia are likely to rebound during the current year, although they may still not touch pre-COVID levels. ...
Khmer Times Staff
https://www.khmertimeskh.com/501200033/cambodias-of-apparel-to-thailand-may-rebound-after-steep-fall/
A new garment factory project approved by CDC
The Council for the Development of Cambodia (CDC) has granted green light to a new investment project proposed by Textstar Garment (Cambodia) Co., Ltd. ...
Khmer Times Staff
https://www.khmertimeskh.com/501198038/a-new-garment-factory-project-approved-by-cdc/
Japan provides $186,856 for constructing bridge and rehabilitating irrigation facilities
The Government of Japan will provide $186,856 to support the construction of a bridge in Kampong Speu province and the rehabilitation of irrigation facilities in Kampong Cham province, under the framework, the Grant Assistance for Grassroots Human Security Project (“KUSANONE” Grant). ...
Khmer Times Staff
https://www.khmertimeskh.com/501197225/japan-provides-186856-for-constructing-bridge-and-rehabilitating-irrigation-facilities/