Industries
Vinamilk keeps stake in Angkor dairy plant
Vietnamese dairy giant Vinamilk has appointed Angkor Dairy Products Co Ltd as the official distributor of Vinamilk products in Cambodia following the closure of its local representative office last month. ...
Sor Chandara
http://www.phnompenhpost.com/business/vinamilk-keeps-stake-angkor-dairy-plant
Angkor Sankranti brings flood of tourists to Siem Reap
Siem Reap is gearing up for this year’s Angkor Sankranti from April 14 to 16 and hopes to attract more than the almost one million people who visited last year, with hotels and guesthouses already being booked out. Ang Seila, manager of Reserve and Duty at ...
Chea Vannak
http://www.khmertimeskh.com/news/23627/angkor-sankranti-brings-flood-of-tourists-to-siem-reap/
Casino operator’s winning streak continues
Nagacorp Ltd, the Cayman Islands-registered operator of Cambodia’s NagaWorld casino and hotel complex, recorded $153.8 million in gross gaming revenue during the first quarter of 2016, a 35 per cent increase over the same period last year. ...
Cam McGrath
http://www.phnompenhpost.com/business/casino-operators-winning-streak-continues
Plenty of fish, but no buyers
At what should be a boom time ahead of the New Year, seafood vendors in Kampot have full baskets but no buyers as the algae bloom around Kep turns the water bright green and dead fish wash ashore. The government has issued a warning against swimming ...
Chea Vannak
http://www.khmertimeskh.com/news/23571/plenty-of-fish--but-no-buyers/
Kingdom to host Mekong tourism forum
Cambodia will host this year’s Mekong Tourism Forum in Sihanoukville in July, TravelNewsAsia reported yesterday. The six member countries of the Greater Mekong Sub-Region (GMS) have banded together to jointly promote sub-regional tourism and the GMS as a single destination, focusing on “authentic experiences along the ...
Sum Manet
http://www.khmertimeskh.com/news/23569/kingdom-to-host-mekong-tourism-forum/
Higher wages hit GTI bottom line
The increase in the government-set minimum wage in the garment sector and lower prices have hit the bottom line of Grand Twins International (GTI), the only company in the sector listed on the stock exchange. The company yesterday reported revenue for the year ended December 31 ...
May Kunmakara
http://www.khmertimeskh.com/news/23572/higher-wages-hit-gti-bottom-line/
South Korean consul to open in Siem Reap
A South Korean consul will open in Siem Reap by May to provide services for Korean citizens visiting Cambodia and for those wishing to visit South Korea. Siem Reap is home to the ancient temples of Angkor and large numbers of South Koreans visit the city ...
Chea Vannak
http://www.khmertimeskh.com/news/23535/south-korean-consul-to-open-in-siem-reap/
Thai membership card seeks Cambodian elites
A Thai privilege card program that costs nearly $15,000 to join is banking on Cambodia’s robust yet deeply polarised economy to provide up to 60 new card members a year. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/thai-membership-card-seeks-cambodian-elites
Cambodia's famed Angkor earns over 20 mln USD from ticket sales in Q1
Revenue from ticket sales to foreign tourists visiting Cambodia’s famed Angkor archaeological park reached 20.3 million U.S. dollars in the first quarter of 2016, up 2.5 percent compared to the same period last year, according to an official statement on Friday. ...
liuxin
http://news.xinhuanet.com/english/2016-04/01/c_135244361.htm
Illegal timber to become school buildings
Cambodia’s schoolchildren could soon attend class in unusually luxurious buildings if Prime Minister Hun Sen has his way. Yesterday the premier granted the government’s entire stockpile of illegally-felled timber – some of which is highly sought after rosewood – to the Ministry of Education to ...
Ven Rathavong and Taing Vida
http://www.khmertimeskh.com/news/23489/illegal-timber-to-become-school-buildings/
Malaysia’s Sunway in $220 mil regional expansion
Malaysian-owned Sunway Hotels & Resorts will spend $223 million in a redevelopment and expansion plan on its hotels in Malaysia, Cambodia and Vietnam within three years, according to Malaysian media. ...
May Kunmakara
http://www.khmertimeskh.com/news/23471/malaysia---s-sunway-in--220-mil-regional-expansion/
Crowded capital ‘badly needs more satellite cities’
The Cambodian Construction Association yesterday urged authorities to plan and develop more satellite cities as the population in the capital increases rapidly, straining services and infrastructure. ...
Sum Manet
http://www.khmertimeskh.com/news/23473/crowded-capital----badly-needs-more-satellite-cities---/
Royal group seals $10 million loan for Koh Rong project
The Royal Group conglomerate has signed off on a $10 million loan from the Bangkok-based Export-Import Bank of Thailand (EXIM Thailand) for the construction of a five-star hotel and resort in Koh Rong Island. ...
May Kunmakara
http://www.khmertimeskh.com/news/23401/royal-group-seals--10-million-loan-for-koh-rong-project/
Indian firm considers setting up fun park
Pan India Paryatan Pvt Ltd (PIPPL), the owner of Mumbai-based EsselWorld, one of India’s largest amusement parks, has shown interest in developing a theme park in Cambodia after a meeting with the minister of tourism late last week. ...
Sor Chandara
http://www.phnompenhpost.com/business/indian-firm-considers-setting-fun-park
Opening Preah Vihear border will hurt business: tourism operator
The government may reopen the border gate in front of Preah Vihear temple in a bid to strengthen ties with Thailand as diplomatic relations improve, but local tourism operators are concerned the move would hurt their business. ...
Chea Vannak
http://www.khmertimeskh.com/news/23232/opening-preah-vihear-border-will-hurt-business--tourism-operators/
Government approves Sihanoukville ‘Casino city’ plans
Malaysia-based company SV International was granted permission by the Council of Ministers earlier this month to begin the initial stage of grand plans to turn part of Sihanoukville into a “casino city,” an official confirmed. ...
Hannah Hawkins and Ben Sokhean
https://www.cambodiadaily.com/news/government-approves-sihanoukville-casino-city-plans-110478/
Imports of construction materials rise but costs stable
Imports of construction materials grew dramatically last year compared with the year before due to strong demand, while the prices of imported goods declined. ...
Sum Manet
http://www.khmertimeskh.com/news/23189/imports-of-construction-materials-rise-but-costs-stable/
Up to 40% of Ta Khmao development sold
Up to 40 percent of the $100 million River Premium Development Company, a joint venture between local partners and Malaysian investors, has been completed and sold, said Houn Heng Eriya, the sales manager of the project in the city center of Ta Khmao. ...
Sum Manet
http://www.khmertimeskh.com/news/23188/up-to-40--of-ta-khmao-development-sold/
Tourism a key revenue generator for SMEs
Cambodia’s small- and medium-sized enterprises (SMEs) earned $1.9 billion in revenue last year from the tourism sector, and could increase this amount further by reducing imports, an industry spokesman said yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/tourism-key-revenue-generator-smes
Malaysian firm wagers on Sihanoukville's potential
An obscure Malaysian company has obtained approval from Cambodia’s Council of Ministers to develop hotels and casinos in Sihanoukville, with an online promotional video claiming the firm will transform the coastal city into the “Macau of Southeast Asia.” ...
Sor Chandara
http://www.phnompenhpost.com/business/malaysian-firm-wagers-sihanoukvilles-potential
Cambodia mulls Preah Vihear access from Thailand
Cambodia is considering allowing visitors from Thailand directly access Preah Vihear temple, Cambodian Defence Minister Tea Banh said on Thursday. ...
Wassana Nanuam
http://www.bangkokpost.com/news/security/909368/cambodia-mulls-preah-vihear-access-from-thailand
Siem Reap still one of world’s best destinations
Siem Reap, the home of UNESCO-listed ancient temples, was placed fifth among the world’s top 25 travel destinations in 2015, dropping from second place in the previous year’s ranking by TripAdvisor, a popular online site for travelers and one trusted by tourists choosing destinations to ...
Chea Vannak
http://www.khmertimeskh.com/news/23123/siem-reap-still-one-of-world---s-best-destinations/
Country’s biggest duty-free shop opens
Cambodia’s largest duty-free outlet opened yesterday in Siem Reap, aiming to service the growing market in the Kingdom’s tourism capital. ...
Sok Chan
http://www.khmertimeskh.com/news/23064/country---s-biggest-duty-free-shop-opens/
Towers to improve Angkor Wat's cell coverage, discreetly
Visitors to Cambodia’s premiere tourist destination, Angkor Wat, can expect better mobile network coverage come June, after Apsara Authority signed an agreement with local telecom services firm Camtowerlink Communications to install six camouflaged mobile towers across the vast temple site. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/towers-improve-angkor-wats-cell-coverage-discreetly