Industries

Tourism

What does the future hold?

Officials, business professionals and political analysts have mixed opinions on the leadership of the single-party Cambodian government and what the future hold for the next five years. Sok Touch, a professor of political science at Khemarak University, said the political deadlock won’t help the nation become ...

Kay Kimsong
http://www.phnompenhpost.com/analysis-and-op-ed/what-does-future-hold

Cambodian economy expected to remain buoyant: ADB

Cambodia’s economic growth rate is expected to exceed 7 percent both this year and next, the Asian Development Bank said Wednesday. The ADB maintained its forecast for this year’s economic growth at 7.2 percent, supported by strong exports and robust construction and service sectors. The ...

Global Post News Staff
http://www.globalpost.com/dispatch/news/kyodo-news-international/131002/cambodian-economy-expected-remain-buoyant-adb

Lao Airlines set to resume flights to Phnom Penh

After a five-year break, Lao Airlines will revive the Phnom Penh-Vientiane route with direct flights three times a week starting in November, the company’s representative said yesterday. Ek Narun, assistant to the general manager of Lao Airlines in Phnom Penh, said tickets will be available for ...

Hor Kimsay
http://www.phnompenhpost.com/business/lao-airlines-set-resume-flights-phnom-penh

Chinese tourists warned of expensive counterfeits in Siem Reap

PHNOM PENH (The Cambodia Herald) — Chinese Tourism companies have warned their citizens visiting Siem Reap province not to buy gifts or souvenirs from vendors for fear of expensive counterfeit products.  A tourist guide in Ankor Wat, Siem Reap said that this happens a lot because ...

The Cambodia Herald Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MzFkMGQwMzM1YmM

Cambodia's national airline launches daily flights to China's Guangzhou City

SIEM REAP, Cambodia, Sept. 26 (Xinhua) — National flag carrier, Cambodia Angkor Air (CAA) began regular flights to Guangzhou City in China’s Guangdong province on Thursday, aiming at attracting more Chinese travelers to Cambodia, a company’s senior official said. China is the third largest source ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-09/26/c_132752788.htm

Photo tourism turns profits

Nathan Horton’s business model is straightforward. A professional photographer, Horton helps amateur photographers take pictures abroad. Photo tourism is an increasingly lucrative trade in Cambodia. Horton, who runs half-day jaunts in Phnom Penh and longer journeys into the provinces, is one of the practitioners capitalising on ...

Laura Ma
http://www.phnompenhpost.com/business/photo-tourism-turns-profits

Work starts on new 22-storey hotel

Construction has started on the 22-storey Toyoko Inn Hotel, which will cost US$20 million to build, near the Hang Bridge. The project is due to be completed in November 2014. Touch Somnang, the Project Manager for the Koh Pich development project, said the Toyoko Inn Hotel ...

Siv Meng
http://www.phnompenhpost.com/real-estate/work-starts-new-22-storey-hotel

Japan to relax visa requirements for Myanmar, Cambodia, Laos

Japan plans to relax visa requirements for Myanmar, Cambodia and Laos by the end of this year, as part of efforts to boost tourism to promote the country’s economic growth strategy, government sources said Wednesday. The government is considering allowing the issuance of “multiple-entry visas” for visitors ...

Kyodo​​ News Staff
http://english.kyodonews.jp/news/2013/09/247990.html?searchType=site&req_type=article&phrase=Cambodia

Cambodia's per capita GDP to reach 1,036 USD this year: PM

Cambodia’s per capita GDP was projected to hit 1,036 U.S. dollars in 2013, up from nearly 1,000 U.S. dollars in a year earlier, Prime Minister Hun Sen said Saturday. The premier said the country has enjoyed full peace and political stability in the last 15 ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-09/21/c_132737987.htm

Travel group calms visitors

In an apparent bid to reassure jittery visitors watching the country’s political scene, the Cambodia Association of Travel Agents (CATA) said in a statement yesterday that post-election tensions would not harm tourists. Addressing its members – tour operators and travel agencies – as well as national ...

Anne Renzenbrink and Laura Ma
http://www.phnompenhpost.com/business/travel-group-calms-visitors

Tourists in Phnom Penh Find Novelty Among Demonstrations

Despite the demonstration at Freedom Park, razor-wire barricades, blocked streets and clashes between citizens and police in the past two days, it appears that the camp-in and security presence in the city are merely a novelty for some tourists. On Monday afternoon, one couple, Australians John ...

Matt Blomberg
http://www.cambodiadaily.com/elections/tourists-in-phnom-penh-find-novelty-among-demonstrations-42535/

Siem Reap hotel gets new owner

Minor Hotel Group Ltd (MHG), a wholly owned subsidiary of Thailand-listed Minor International Public Company Limited (MINT), has acquired majority ownership of Siem Reap-based Sothea Boutique Resort to strengthen MINT’s presence in Southeast Asia. After the $6.4 million deal, the Sothea Resort will be rebranded ...

Post Staff
http://www.phnompenhpost.com/business/siem-reap-hotel-gets-new-owner

Cambodia receives over 2.4 mln foreign visitors in 7 months

Cambodia has welcomed 2.43 million international tourists in the first seven months of the year, up 19 percent compared with the 2.04 million tourists over the same period last year, the figures of the Ministry of Tourism said Thursday. During the January-July period this year, Vietnam ...

Global Times News Staff
http://www.globaltimes.cn/content/810761.shtml#.UjJ2qNKBmN8

Economy Should Do Well, Despite China Slowdown: Experts

Although China has undergone an unprecedented economic slowdown, Chinese and Cambodian officials believe it will not seriously affect Cambodia’s economy. Over the past nine months, China’s GDP grew slightly above 7 percent, its slowest pace in 13 years, and some economists expect poor performance for the ...

Khoun Theara
http://www.voacambodia.com/content/economy-should-do-well-despite-china-slowdown-experts-cambodia-khmer/1748785.html

Mekong basin countries target double-digit tourism growth

Five Southeast Asian countries, Cambodia, Laos, Myanmar, Thailand and Viet Nam, are targeting a double-digit growth rate of international visitors annually by 2015 under the theme “Five Countries – One Destination”, according to Hoang Tuan Anh, Viet Nam’s Minister of Culture, Sport and Tourism. In a ...

VietNamNet Bridge Staff
http://english.vietnamnet.vn/fms/travel/84268/mekong-basin-countries-target-double-digit-tourism-growth.html

Cambodians traveling abroad increased by 11.9 percent

There were 509,050 Cambodians traveling abroad in the first seven months of 2013, an increase of 11.9 percent compared to the 455,017 travelers over the same period last year, according to a report by the Ministry of Tourism. Most of them visited Thailand, Vietnam, Singapore, Malaysia ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ODJhOTBlZDgxNWU

SBC Bank Signs JCB Card Issuance MOU in Cambodia

Singapore Banking Corporation Ltd. (SBC Bank), a leading commercial bank in Cambodia, signed a memorandum of understanding with JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB, for the issuance of JCB cards in Cambodia. A ceremony to commemorate the milestone moment was held ...

The Cambodia Herald
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YWI4OTU3NmNkYmR#sthash.uvnJElMQ.dpuf

ECDC reports increase in paratyphoid A fever from travelers in Cambodia

The European Centre for Disease Prevention and Control announced on Thursday that there has been a strange increase in the number of cases of paratyphoid A fever from travelers returning from Cambodia. Since March 2013, there have been 34 cases of paratyphoid A fever reported from ...

Ryan Parrish
http://vaccinenewsdaily.com/medical_countermeasures/327154-ecdc-reports-increase-in-paratyphoid-a-fever-from-travelers-in-cambodia/

Land prices in Siem Reap spike 15 per cent

Strong economic growth and an increase in tourism had driven Siem Reap land prices, according to an industry expert. Sorn Seap, general manager of Key Real Estate who had studied land prices in Siem Reap town, said land prices in Siem Reap town increased about 15 ...

Siv Meng
http://www.phnompenhpost.com/real-estate/land-prices-siem-reap-spike-15-cent

Cambodia Tourism Industry Fears Fallout From Election Uncertainty

Enterprises in Cambodia’s biggest tourism hub have called on Prime Minister Hun Sen and opposition leader Sam Rainsy to quickly resolve a festering election dispute that they say is threatening business prospects as tensions rise ahead of mass opposition protests next week. Travel companies ...

Radio Free Asia Staff
http://www.rfa.org/english/news/cambodia/tourism-08302013144408.html

Sokimex Group Plans 15-Story Hotel Near Royal Palace

Local conglomerate Sokimex Group plans to construct a 15-story hotel as well as a supermarket and high-end shops on a more than 15,000-square-meter plot of land behind Phnom Penh’s Wat Ounalom, the firm’s founder, Sok Kong, said Thursday. Mr. Kong said his company had applied for ...

Aun Pheap and Joshua Wilwohl
http://www.cambodiadaily.com/news/sokimex-group-plans-15-story-hotel-near-royal-palace-41433/

Cambodian casinos may be at risk

As Vietnam takes steps towards legalising gambling for its own citizens, analysts warn of a threat to the bottom line at Cambodia’s premiere casino, NagaWorld, whose patronage depends largely on gamblers from neighbouring countries. Local Vietnamese news agency Thanh Nien reported on Tuesday that the Vietnamese ...

Daniel de Carteret and May Kunmakara
http://www.phnompenhpost.com/business/cambodian-casinos-may-be-risk

Cambodia's inflation stands at 2.9 pct in first half of 2013: central bank

Cambodia’s inflation rate has accelerated to 2.9 percent in the first six months of the year, up from 1.8 percent over the same period last year, according to a report of the National Bank of Cambodia (NBC) on Wednesday. “The rate, below 3 percent, is low ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-08/28/c_132670860.htm

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