Industries

One of the country’s fastest-growing developers, Orkidé Villa, is making a move for a share of the premium condominium market with a $350 million condo and mall project that will cover a 36-hectare area of Sen Sok district adjacent Street 2004, it announced this ...

NagaCorp, the Hong Kong stock exchange-listed parent company of NagaWorld, is not bidding for a South Korean casino permit, the company said in a filing to the exchange. ...

Minister of Urban Planning and Construction Im Chhun Lim ordered all governors to check construction sites in their provinces to ensure that none are encroaching on public land, and to take action against those that do. ...

The real estate market in the BKK1 area appears to be beginning to slow after years of accelerated growth as local investors look for more affordable alternatives within Phnom Penh.Seng Bunna, CEO of Bunna Realty Group, said that while the history of BKK1’s foreign-oriented growth ...

In the current state of relative political stability and strong economic growth while the earning potential of Cambodians increases, the overall supply of Borey housing has risen by 15 per cent compared to the same time last year, a recent study has found. ...

A local expert has said that with the absence of a master plan for Phnom Penh or a comprehensive construction code, collusion with corrupt officials has led to illegal construction in the city.This claim was solidified last week when the government warned that it would ...

Over 1.6 million foreign tourists visited Angkor temples for the first ten months of 2015– an increase compared to the same period in the previous year, States News Agency reported. ...

Entertainment Gaming Asia, a Nasdaq-listed company that supplies electronic gaming machines, posted a an 88 percent year-on-year rise in its third-quarter profit, citing higher sales in Cambodia as a major driver of its growth, according its filing to the Nasdaq on Monday in New York.  ...

Beginning next year, the government will take full control of the Angkor Archaeological Park, ending a controversial concession with private firm Sokimex, which holds the right to sell tickets to the country’s most popular tourist draw. ...

Visitors and locals unaware that the inaugural Kampot Writers and Readers Festival, which wrapped up Sunday, was happening may not have noticed anything different about the relaxed riparian town at first. ...

An executive at Sokimex, the firm that has held the right to sell tickets to the Angkor Archaeological Park since 1999, said on Sunday that the decision to end its contract next year was made by the government, contradicting a statement saying that it was ...

Days after City Hall ordered NagaWorld casino to halt its expansion because it was damaging Phnom Penh’s beauty, Prime Minister Hun Sen on Sunday warned “bad officials” to stop allowing construction projects to damage the country’s aesthetic allure. ...

The controversial expansion of NagaWorld casino in Phnom Penh has been temporarily halted after an inspection of the construction site led Prime Minister Hun Sen to judge that it was interfering with the city’s beauty, according to City Hall. ...

Thailand’s largest industrial conglomerate and the majority shareholder in Kampot Cement, Siam Cement Group (SCG), is expanding production capacity and diversifying its product line to tap opportunities in Cambodia’s “booming” construction industry, its president and CEO Kan Trakulhoon told Khmer Times late last week. ...

Last week’s brutal attacks by off-duty soldiers on two opposition lawmakers were retribution for anti-government protests in Paris and New York, Prime Minister Hun Sen said in a speech yesterday. “If there is no fire, there will be no flames,” he said. “If there had ...

The Authority for the Protection and Management of Angkor and the Region of Siem Reap (APSARA) has set a time schedule for the visit of tourists in the Angkor Archeological Park, reported the state news agency-AKP.The new time schedule, taking effect from Jan. 1, 2016, ...

Despite industry concerns that a minimum wage increase to $128 earlier this year would hurt Cambodia’s garment exports, the garment and footwear sector – a mainstay of the economy – showed robust growth for the first half of 2015, netting around $3 billion, according to ...

In the market for lower to middle income housing, the line between ‘public’ and ‘affordable’ has been blurred.Post Property AnalysisLocal property developer, WorldBridge Land, Co. Ltd., and Singapore-based construction company, Strait Construction Group Pte, Ltd, last week announced a $100 million Memorandum of Understanding on ...

H&M and global union federation IndustriALL on Tuesday signed off on a deal aimed at improving conditions for the 1.6 million workers at the 1,900 factories around the world filling orders for the Swedish clothing giant that will include a new oversight committee in Cambodia. ...

The General Department of Taxation (GDT) Cambodia has once again announced the second postponement of 2015 tax payment for real estate by setting a new deadline to the end of November this year. ...

High-rise apartments are springing up across Cambodia’s capital, part of a property boom led by expat demand, while developers are also betting the country’s growing middle class will shed a traditional distaste for “living on top of each other”. ...

The government is planning to construct two more bridges across the Mekong River, and although feasibility studies are already underway, realtors are unsure as to whether land prices in the areas they connect will rise, they told Khmer Times yesterday. ...

A Cambodian and Singaporean firm signed a memorandum of understanding with the Ministry of Land Management Wednesday for the study and construction of public housing for low- and middle-income households around Phnom Penh, a first for the city if it comes off. ...

Investigations are continuing after Siem Reap’s economic police conducted four raids last Saturday on shops selling knock-offs of products from US-based outdoor apparel and equipment brand The North Face, police sources said yesterday.The raids were conducted on four stores – Cambodia Outlet, Duty Free Outlet, ...