Industries

Phnom Penh is set to welcome a significant wave of condominium supply in 2017, with about 7,000 units due to be delivered by the end of this year.​​ However, the demand for condos appears to be dropping slightly, according to the latest report from CBRE. ...

The Unesco representative in Cambodia has expressed support for the Apsara Authority’s actions to prevent the spread of illegal constructions in the Angkor Archaeological Park. ...

Cambodia-based integrated food-distribution company Hun Ty plans to open its own retail fresh-food market next month and will increase its cold storage and food-distribution business by opening two additional locations in the Kingdom, a company executive said yesterday. ...

Nagacorp Ltd, the operator of Phnom Penh’s NagaWorld hotel and casino complex, announced that the company’s chief executive, Chen Lip Keong, has submitted a proposal to shareholders and the Hong Kong Stock Exchange that would allow him to divest his personal investment of $369 million ...

Over 200 people held a protest yesterday morning in Kandal province’s Sa’ang district, demanding that provincial authorities halt sand-dredging operations on the Bassac River. ...

Ten union representatives were yesterday suspended from the Southland garment factory in Phnom Penh’s Por Sen Chey district after more than a thousand workers went on strike to protest the factory’s decisions about time taken off for voting in Sunday’s commune elections. ...

The silo is expected to be finished by the end of the year and the warehouse will be fully operational for the 2018 harvest season, according to the CEO of the Cambodia Rice Bank.   ...

Exports grew at a solid pace in 2016, rising by 7.2 percent to $7.3 billion, but the number of registered exporting factories fell by 10.4 per cent, while the number of workers declined by 2.9 per cent, compared to 2015.   ...

The resort and housing complex, which has only recently started construction, is located in Dangkao district’s Kong Noy commune, making it an 18-kilometre journey from Wat Phnom in Phnom Penh. ...

Acleda Bank has provided $40 million to customers in the form of housing loans since the start of 2017, marking a growing trend of home loans being taken out across the country. ...

Investment in Cambodia’s real estate and construction industry now stands at $4 billion, according to data from the Ministry of Land Management, Urban Planning, and Construction (MLMUPC). ...

Cambodia is one of the emerging nations that attracts foreign investors in the real estate sector, thanks to its growth and good performance, according to a recent report from PropertyGuru. ...

While Cambodia’s garment sector exhibited solid growth last year, employment levels declined, raising concerns about a potential rise in unregulated subcontracting, the International Labour Organization (ILO) said in a report released yesterday. ...

Cambodia’s garment factories appear to be ramping up their use of subcontractors, which tend to get the least attention from regulators and raise the most fears of abuse among labor rights groups, according to a report released on Monday. ...

Cambodia’s garment manufacturing industry has eclipsed rival Vietnam as a supplier of products to the European Union and is on course to overtake India, a visiting industry insider said yesterday. ...

Germany-based apparel industry trade fair organiser Messe Frankfurt France signed a memorandum of understanding with the Garment Manufacturers Association in Cambodia yesterday to offer discounted exhibitor fees to Cambodian manufacturers in a deal valued at €400,000 ($450,000). ...

Cambodia’s upgrade to lower-middle income status and looming competition from an E.U.-Vietnam trade deal pose major risks to the country’s garment and footwear export industry, a European business representative said on Thursday. ...

Following the steady rise of tourism in Sihanoukville, property development in the coastal town is heavily targeting the nonstop influx of Chinese flocking to the area.Although Sihanoukville has, in recent times, been synonymous with a growing number of Chinese tourists, currently it is going through ...

As the country now focuses its attention on the commune elections, the real estate sector has quietened down slightly to observe the situation. However, Worldbridge Land’s chairman Sear Rithy is unperturbed as he prepares to launch another large-scale development in the capital. ...

Following the steady rise of tourism in Sihanoukville, property development in the coastal town is heavily targeting the nonstop influx of Chinese flocking to the area. ...

It takes three hours by car to get to the quiet province of Pursat from Phnom Penh, winding westwards along approximately 200 kilometres on National Road 5. Recently, though, the sleepy town has been stirring under some ongoing developments in the form of a combined ...

Cambodia’s Angkor Wat was yesterday named the world’s number one landmark in TripAdvisor’s 2017 Traveller’s Choice awards. The World Heritage site beat competition from the likes of India’s Taj Mahal, Peru’s Machu Picchu, and St Peter’s Basilica in the Vatican City to take the top spot. ...

Tourists will soon be able to cruise along the Pursat river in rowing boats and pedalos, under plans to develop the waterway as a tourist attraction, according to a senior provincial official. ...

Two of the country’s biggest garment workers’ unions have asked the government to make factories give their workers three days of paid leave and provide loans for travel expenses to allow them to return to their hometowns to vote in the upcoming local elections. ...