Industries

Cambodia to gain as Adidas pivots from china

Adidas, one of the country’s biggest garment buyers, says it will expand production in Cambodia over the next five years as part of its pivot away from China to lower-cost producers in Southeast Asia. ...

Zsombor Peter
https://www.cambodiadaily.com/news/cambodia-to-gain-as-adidas-pivots-from-china-103163/

Garment sector weighs new reforms

Garment and footwear industry stakeholders yesterday converged in Phnom Penh to discuss how to develop the sector to be sustainable and competitive.Run by the French Development Agency (AFD), the textiles conference at the capital’s Sunway Hotel heard that improving employees’ living and working standards, and ...

Shaun Turton
http://www.phnompenhpost.com/national/garment-sector-weighs-new-reforms

Temple revenues rise slightly

Revenue from ticket sales for foreign visitors to the Angkor Wat temple complex rose slightly in the first 11 months of this year to $53.5 million, a 1.15 percent rise over the same period last year, the government agency that manages Angkor Archaeological Park said ...

May Kunmakara
http://www.khmertimeskh.com/news/18477/temple-revenues-rise-slightly/

Chip Mong unit signs $262 deal for cement plant

A unit of domestic conglomerate Chip Mong Group, Chip Mong Insee Cement, has signed a partnership agreement with China’s CITIC Heavy Industries Co. Ltd. to build a $262 million cement plant in Kampot province, with construction slated to start next year.  ...

May Kunmakara
http://www.khmertimeskh.com/news/18395/chip-mong-unit-signs--262-deal-for-cement-plant/

CITIC wins $262m contract for building cement plant in Cambodia

China’s leading cement equipment manufacturer and service provider CITIC Heavy Industries Company on Saturday secured an engineering, procurement and construction (EPC) contract from a Cambodian conglomerate to build a $262 million cement plant in Cambodia. ...

Xinhua News Staff
http://www.chinadaily.com.cn/business/2015-12/05/content_22636890.htm

Cambodia's TV ad promotes "code of conduct" for Angkor Wat tourists

Cambodia on Friday released a TV spot to promote the “code of conduct” for tourists visiting the famed Angkor Wat Temple in northwestern Siem Reap province. ...

eTurboNews Staff
http://www.eturbonews.com/66607/cambodias-tv-ad-promotes-code-conduct-angkor-wat-tourists

Residents angry over canal wall collapse

Residents living next to a sewage canal in Chomchao commune are concerned about their safety after the walls containing the canal and the ground around it began to collapse when contractors began work on a nearby construction site. ...

Chea Takihiro
http://www.khmertimeskh.com/news/18259/residents-angry-over-canal-wall-collapse/

Firm vows to finish building gold tower 42

The South Korean company behind the long-stalled Gold Tower 42 has again promised to resume construction on the $240-million skyscraper in Phnom Penh, telling officials from the Ministry of Land Management that work would proceed this month and wrap up in 2018. ...

Kang Sothear and Anthony Jensen
https://www.cambodiadaily.com/news/firm-vows-to-finish-building-gold-tower-42-101703/

Government imposes new rules for photos in Angkor park

Camera-wielding visitors to the iconic temples of the Angkor Archaeological Park in Siem Reap province will have to take extra care before clicking away now that the government has imposed new rules—effective immediately—for anyone aiming to make money off of their images. ...

Aun Pheap
https://www.cambodiadaily.com/news/government-imposes-new-rules-for-photos-in-angkor-park-101693/

Kampong Speu garment workers continue strike

Protesting working conditions, nearly 300 garment workers in Kampong Speu’s Chbar Mon town entered their tenth day of strikes yesterday as the Arbitration Council prepared paperwork to resolve the dispute. ...

Pech Sotheary
http://www.phnompenhpost.com/national/kampong-speu-garment-workers-continue-strike

Gov't denies factory closure rumours

The Ministry of Labour has urged the arrest of the “mastermind” behind an apparently spurious rumour spreading across shop floors that garment factories would close their doors for the entire month of December. ...

Mom Kunthear
http://www.phnompenhpost.com/national/govt-denies-factory-closure-rumours

Cambodia in two weeks

Infrastructure in Cambodia is not as well developed as in neighbouring Thailand and Vietnam, and floods and poor roads make travel challenging during the monsoon season, from May to October, but cheap frequent bus services, a good domestic airline and easygoing locals make travelling here ...

Myanmar Times News Staff
http://www.mmtimes.com/index.php/lifestyle/travel/17871-cambodia-in-two-weeks.html

Star Vegas casino turns profit as VIPs chip in

A new VIP gambling room at the Star Vegas Resort and Club casino in Poipet raked in nearly $700,000 in revenue during its first full month of operation, its management announced yesterday.Joey Lim, managing director of Australian casino operator Donaco International Ltd, said the new ...

Cam McGrath
http://www.phnompenhpost.com/business/star-vegas-casino-turns-profit-vips-chip

For festival, any water will do

This year’s subdued Water Festival festivities in the capital, where traditional boat races were cancelled, has resulted in a bump in tourism in the provinces as Cambodians use the three-day holiday to visit their families, enjoy cultural activities and lounge on beaches.“It was unusually quiet ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/festival-any-water-will-do

Festival boats off to the races in Siem Reap

By 8 a.m. on Tuesday, ornately decorated boats were already gliding down the Siem Reap River while other paddlers lounged on its shaded banks in preparation for the races at the center of this year’s biggest Water Festival celebration. ...

Buth Kimsay and George Wright
https://www.cambodiadaily.com/news/festival-boats-off-to-the-races-in-siem-reap-101242/

Private companies warned on beach access

The government has vowed to crack down on coastal hotels and resorts that have restricted public access to beaches or constructed illegal encroachments within 50 metres of the shoreline.Tourism Minister Thong Khon warned yesterday that his ministry will give private companies a deadline to remove ...

Sor Chandara
http://www.phnompenhpost.com/business/private-companies-warned-beach-access

Chinese developer signs $1.5 billion MOU with Royal Group

Cambodian conglomerate Royal Group yesterday signed a $1.5 billion memorandum of understanding with Chinese conglomerate Herun Group to establish a real estate development company in Cambodia, invest in other sectors, and possibly list units of Royal Group on stock exchanges in China, executives from the ...

Sok Chan
http://www.khmertimeskh.com/news/17986/chinese-developer-signs--1-5-billion-mou-with-royal-group/

Housing boom prompts calls for more lending, bubble warning

With the real-estate boom entering its fourth year banks and developers are eager to expand credit to the sector, though regulators say they are monitoring lending for real estate for signs of a bubble and are taking preemptive measure to minimize risks that could affect ...

May Kunmakara
http://www.khmertimeskh.com/news/17987/housing-boom-prompts-calls-for-more-lending--bubble-warning/

Ministry orders unlicensed Chinese firms to suspend work

Officials say a pair of Chinese companies have started construction on two residential building projects in Phnom Penh’s Chamkar Mon district without proper authorization and have ordered them to cease work immediately. ...

Ouch Sony
https://www.cambodiadaily.com/news/ministry-orders-unlicensed-chinese-firms-to-suspend-work-100992/

North park condominiums unveiled

The curtain was pulled back Sunday on Royal Group’s latest development – North Park Condominium. The real estate project comprises three nine-story condominium buildings spread over 13 hectares in Sen Sok district. ...

Sum Manet
http://www.khmertimeskh.com/news/17985/north-park-condominiums-unveiled/

Cambodia okays LYP Group casinos' online gambling sites

Cambodia has given permission for three L.Y.P. Group casinos to launch online gambling operations.The L.Y.P. Group, which is run by Cambodian People’s Party Senator Ly Yong Phat, operates three casinos on the country’s border with Thailand; the Koh Kong Resort on the country’s southern coast, ...

Steven Stradbrooke
http://calvinayre.com/2015/11/19/casino/cambodia-okays-lyp-group-casino-online-gambling-sites/

Boat racing not banned during water festival: PM

Prime Minister Hun Sen said in a Facebook post on Wednesday that boat racing will be allowed during next week’s water festival, but that the races would not be officially overseen. ...

Ouch Sony
https://www.cambodiadaily.com/news/boat-racing-not-banned-during-water-festival-pm-100804/

India promises again not to build Angkor Wat replica

The Ministry of Foreign Affairs has once again reaffirmed that no replica of Angkor Wat will be built in India, following swift condemnation of the idea by the government. ...

Srey Kumneth
http://www.khmertimeskh.com/news/17908/india-promises-again-not-to-build-angkor-wat-replica/

Project aims to spur compliance in tourism sector

With the government placing tourism at the center of efforts to diversify and grow the country’s economy, a French development organization launched a project on Tuesday to encourage companies operating in the sector to comply with labor laws. ...

Meghan Tribe
https://www.cambodiadaily.com/news/project-aims-to-spur-compliance-in-tourism-sector-100665/

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