Industries
Ly Hour eyes next borey development
Housing Development Association of Cambodia president Ly Hour has unveiled plans to erect a borey in Tboung Khmum province. ...
Siv Meng
http://www.phnompenhpost.com/post-property/ly-hour-eyes-next-borey-development
In wage protest, hundreds of garment workers block road
More than 1,000 garment workers from a factory in Kandal province’s Takhmao City blocked a public road on Wednesday in protest over unpaid wages that have left them struggling to afford food and pay their rents, a union official said. ...
Buth Kimsay
https://www.cambodiadaily.com/news/in-wage-protest-hundreds-of-garment-workers-block-road-129890/
Foreign tourist arrivals up 12 percent
Foreign tourist arrivals to Cambodia went up more than 12 percent in the first quarter of 2017, as the country ramped up efforts to improve services and attractions for visitors. ...
Chea Vannak
http://www.khmertimeskh.com/news/38458/foreign-tourist-arrivals-up-12-percent/
Plans for floating market in the works
The local entrepreneur who brought the capital its first container night market is seeking government support to realise his vision for the country’s first custom-built floating market and entertainment complex. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/plans-floating-market-works
Kampot seaport construction to start
Provincial tourism department director Soy Sinol said a construction study of the Asian Development Bank-funded project had been completed.The $18-million tourism seaport is due to come into service by 2019. ...
Chea Vannak
http://www.khmertimeskh.com/news/38106/kampot-seaport--construction-to-start/
Heritage cities to boost tourism
Cambodia wants Unesco recognition for Kampot, Kratie and Battambang cities and hopes they would be considered by the UN organisation to be recognized as World Heritage sites when the kingdom files its application next June. ...
Chea Vannak
http://www.khmertimeskh.com/news/38062/heritage-cities-to-boost-tourism/
More boreys emerge in Siem Reap
Siem Reap is renowned for its overwhelming number of hotels and guest houses. However, the city is also starting to witness a growing number of residential properties being built, specifically boreys. ...
Moeun Nhean
http://www.phnompenhpost.com/post-property/more-boreys-emerge-siem-reap
Two kingdoms, one destination
Cambodia and Thailand are pushing for the implementation of an agreement on tourism cooperation. ...
Sok Chan
http://www.khmertimeskh.com/news/37925/two-kingdoms--one-destination/
Labour minister praises robust garment sector growth
Cambodia’s minister of labour applauded the strong growth and employment levels for the garment and footwear sector yesterday, though industry representatives noted a slight slowdown due to increased competition from regional players. ...
Hor Kimsay
http://www.phnompenhpost.com/business/labour-minister-praises-robust-garment-sector-growth
Chinese sign real estate partnership
The Cambodia Valuers and Estate Agents Association (CVEA) and Emerald Plus Property Service Management (EPPSM) struck a deal with Dae Yang Constructor and Real Estate Association from Sichuan Province to help each other find investment, development and trading opportunities. ...
Sum Manet
http://www.khmertimeskh.com/news/37800/chinese-sign-real-estate-partnership/
InterContinental gallops ahead with Sihanoukville hotel
Cambodia’s second InterContinental Hotel is advancing works on its $77 million project in Sihanoukville. The 17-storey luxury hotel which spans 3 hectares is being developed by the Thai Boon Roong Company, the same firm spearheading the 133-storey Twin Trade Center in Phnom Penh. ...
Siv Meng
http://www.phnompenhpost.com/post-property/intercontinental-gallops-ahead-sihanoukville-hotel
The rise of millennials and implications for Phnom Penh’s real estate sector
CBRE’s 2016 report ‘Asia Pacific Millennials: Shaping the Future of Real Estate’ sheds light on millennials thinking around the themes of work, live and play. We see many of the trends observed at a regional level as being applicable to Phnom Penh’s millennials, especially in ...
James Hodge
http://www.phnompenhpost.com/post-property/rise-millennials-and-implications-phnom-penhs-real-estate-sector
Chinese equipment maker eyes Cambodia
Sany Heavy Industry, one of the biggest manufacturers of heavy construction machinery in China’s Hunan province, plans to expand in Cambodia to tap into rising infrastructure development. ...
May Kunmakara
http://www.khmertimeskh.com/news/37672/chinese-equipment-maker-eyes-cambodia/
WEF ranking upgrade boosts tourism
Cambodia has improved its ranking in the World Economic Forum’s (WEF) Travel and Tourism Competitiveness Index. The nation was ranked 101 of 136 countries in the 2017 report, thanks to performance improvements that drove an overall score increase from 3.2 points in 2015 to 3.3 ...
Chea Vannak
http://www.khmertimeskh.com/news/37636/wef-ranking-upgrade-boosts-tourism/
Vietnamese firm to invest in massive casino
A little-known Vietnamese investment firm plans to build a massive $200 million mixed-use development that includes a hotel, casino and water park in the dusty Cambodian border town of Bavet through its fully-owned Malaysian subsidiary, a government official confirmed yesterday. ...
Kali Kotoski
http://www.phnompenhpost.com/business/vietnamese-firm-invest-massive-casino
Construction sector investment falls by 22 percent
Investment capital in Cambodia’s construction industry is off to a dwindling start this year, falling 22.1 percent at the end of the first quarter compared with the same period last year. ...
Siv Meng
http://www.phnompenhpost.com/post-property/construction-sector-investment-falls-22-percent
Holidays see record tourists
Cambodia’s top tourist destinations recorded a record number of visitors this Khmer New Year, with 2.5 million locals and foreigners traveling to celebrate the festival around the country. ...
Chea Vannak
http://www.khmertimeskh.com/news/37547/holidays-see-record-tourists/
Khmer New Year festival brings in more income
Angkor Sangkranta, Siem Reap’s largest cultural festival held over Khmer New Year, raked in a total income of $95 million on the back of 1.6 million domestic and international visitors, a 23 percent year-on-year increase, state news agency AKP said yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/khmer-new-year-festival-brings-more-income
EGA reports Cambodian casino losses
Nasdaq-listed Entertainment Gaming Asia (EGA) reported a net loss of $6.7 million for the fourth quarter of 2016, compared with a loss of $2.7 million in the same time in 2015 largely due to the cancellation of its operations in Cambodia, the company said in ...
Kali Kotoski
http://www.phnompenhpost.com/business/ega-reports-cambodian-casino-losses
Master plan for tourism development
The Tourism Ministry has prepared a master plan for the development of the industry in provinces and cities to attract investment in the sector and create more products for tourists. However the country needs growth of at least 10 percent year-on-year to reach the target ...
Sok Chan
http://www.khmertimeskh.com/news/37450/master-plan-for-tourism-development/
Ministry says factory was operating illegally
Soeun Phal, a 27-year-old security guard, and Kong Phanny, a 61-year-old cleaner, died when a wood-fired steam generator exploded. The guard, who did not know how to operate the machine, had been seen adding more wood to the generator’s fire before the explosion, authorities and ...
Buth Kimsay and Hannah Hawkins
https://www.cambodiadaily.com/news/ministry-says-factory-was-operating-illegally-127868/
PM confirms sky is the limit for twin towers
At the official inauguration of the Hun Sen Boulevard on Monday, the prime minister proudly and publicly acknowledged the go-ahead for the Thai Boon Roong Twin Trade Center – the 133-storey twin skyscrapers that, when announced in February last year, was largely doubted by industry ...
Siv Meng
http://www.phnompenhpost.com/post-property/pm-confirms-sky-limit-twin-towers
Tourists increasing despite price
Revenue from ticket sales to foreign tourists visiting the Angkor Archaeological Park reached $30.85 million, up 51 percent in the first quarter of this year compared with the same period last year, according to report from Angkor Enterprise. ...
Sok Chan
http://www.khmertimeskh.com/news/37269/tourists-increasing-despite-price/
VIPs roll into capital’s casino
Nagacorp Ltd, the Hong Kong-listed operator of Cambodia’s NagaWorld casino and hotel complex, posted $3.73 billion in VIP rolling chip volume during the first quarter of 2017, a 34 percent year-on-year increase, while mass market buy-ins and electronic gaming machine (EGM) growth remained steady, the ...
Kali Kotoski
http://www.phnompenhpost.com/business/vips-roll-capitals-casino