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Leaders of Japan, China to Attend Asean, East Asia Summits
The leaders of two of Cambodia’s biggest donors, China and Japan, will attend the up coming Asean and East Asia summits in Phnom Penh next week, Prime Minister Hun Sen confirmed during a speech in Siem Reap province yesterday. “China Prime Minister [Wen Jiabao] will arrive ...
Boutique hotels on the rise
Local company VLK Royal Tourism Group has embarked on a joint venture with a Thai partner to build OC Hotel, a four-star boutique hotel in Sihanoukville. The venture was prompted by rising demand as well as increasing tourist numbers to the coastal area off the ...
http://www.phnompenhpost.com/index.php/2012111359696/Business/boutique-hotels-on-the-rise.html
Cambodia Bourse Sees End to IPO Drought
Cambodia’s stock market is set for a revival early next year when initial public offerings are expected by at least four local companies, ending a drought for a bourse that has hosted just one listing since its trading debut in April. State-owned Telecom Cambodia and Sihanoukville ...
http://online.wsj.com/article/SB10001424127887323894704578114560882515832.html?mod=googlenews_wsj
Hanging by a Thread
Cambodia’s tradition of silk production is one that dates back as far as the 13th century. A long-standing symbol of status for the rich and the country, ancient Angkorian silk producing Cambodia bore unique weaving and reeling techniques that have been passed down from generation ...
http://www.bangkokpost.com/business/economics/320823/hanging-by-a-thread
Phnom Penh villas declining
For many years, Phnom Penh’s villas have represented the most attractive and obvious options for both commercial and residential use in the city, but experts say the number of villas available is on the decline. The stock of villas is decreasing, due to the demolition and ...
http://www.phnompenhpost.com/index.php/Real-Estate/phnom-penh-villas-declining.html
Eight-year investment in Cambodia's airports
Almost $400 million will be invested in Cambodia’s airports over the next eight years, the trade magazine Airport World has reported. The investment will fund the extension to the international terminal at Phnom Penh’s airport, the upgrading of Siem Reap’s airport and improvements to the Sihanoukville ...
Coffee Chain Costa to Open Shop Next Month in Phnom Penh
The U.K.-based coffee chain Costa Coffee will join the mix of few coffee shops in Phnom Penh when it opens its first branch in Chamcar Mon district next month, representative of the international branch said yesterday. Rami Sharaf, CEO of RMA Cambodia, which represents international brands ...
http://www.cambodiadaily.com/business/coffee-chain-costa-to-open-shop-next-month-in-phnom-penh-5301/
Phnom Penh Port Cargo Up 15 Percent on Last Year
The amount of cargo entering Cambodia through the Phnom Penh Autonomous Port increased 14.92 percent over the first 10 months of the year compared to the same period in 2011, a port official said yesterday. “We are seeing that the major imports are construction equipment ...
Paddy Rice Price Fluctuates
The price of paddy rice in Cambodia’s northwestern provinces jumped to 1,500 riel from 1,350 riel per kilogram in mid-October on a lack of supply, but quickly fell to 1,360 riel. Meanwhile, the prices in the Cambodia-Vietnam border provinces rose from 1,300 riel to 1,390 ...
http://www.phnompenhpost.com/index.php/2012110659583/Business/paddy-rice-price-fluctuates.html
CAMBODIA: INTERNATIONAL ARRIVALS INCREASED BY 24%
A report from the Tourism Ministry in Cambodia recently informed that the country witnessed a huge inflow of 2.57 million tourists in the period between January and September of this year. This is an increase of 24 percent in comparison to the same period in ...
http://www.tourism-review.com/cambodia-international-arrivals-increased-by-24--news3456
Asian bloggers discuss Internet freedom at Cambodia conference
Bloggers from across Asia came together in the Cambodian city of Siem Reap this weekend to discuss blogging, technology and Internet freedom at 2012’s Blogfest Asia festival, a gathering of over 160 opinionated and distinctly geeky participants. Tops on the agenda? Internet freedom. The Cambodian contingent ...
German airline Condor launches direct flight to Cambodia
The German airline Condor Air launched its first direct flight from Frankfurt to Cambodia’s Siem Reap province famous for its world heritage site on Saturday morning. Landing at the Siem Reap International Airport, the aircraft was cordially greeted by Cambodian government officials including Mao Havannall, secretary ...
http://www.nzweek.com/business/german-airline-condor-launches-direct-flight-to-cambodia-20833/
Phnom Penh Clerk Charged With Taking $250K
The Phnom Penh Municipal Court yesterday charged one of its own clerks [Kruoch Borath] with breach of trust for taking $250,000 dollars that was paid to the clerk to facilitate a speedy trial without “problems,” officials said. [Another clerk for Judge Lim Meng] Mr. Khen ...
Three More Airlines to Offer Flights to Cambodia
Three more international airlines will soon begin operating flights to Cambodia’s two main airports, according to Cambodia Airports, which owns and operates the facilities. Lao Central Airlines and Qatar Airways will offer flights to Phnom Penh, and Frankfurt-based Condor Air will fly direct to Siem Reap, ...
Foreigners entering the condo market in Phnom Penh
The number of foreign owners of houses in Cambodia has soared in recent years after the government permitted foreigners to have rights over owning real estate in the Kingdom, according to officials of the Ministry of Land Management, Urban Planning and Construction. Speaking at the opening of ...
Garment maker eyes economic zone in Cambodia
The private company HOdo Group Co Ltd, a textile and garment company in Wuxi, Jiangsu province, is looking to expand its presence in Sihanoukville, a province in southern Cambodia, in an attempt to diversify its business. Zhou Haijiang, president of the company, said it has made ...
http://www.chinadaily.com.cn/cndy/2012-10/23/content_15837895.htm
Phnom Penh Water Festival off
The Cambodian government has decided to cancel this year’s Water Festival in Phnom Penh out of respect for the late King Father Norodom Sihanouk, Prime Minister Hun Sen announced on Tuesday. The Prime Minister said in a circular notice that the celebration on the Tonle Sap ...
Rights Activist Denies Phnom Penh Move Is Due to Charges
A Ratanakkiri-based human rights worker charged by the Ratanakkiri Provincial Court with inciting ethnic minority villagers to protest during a 2009 land dispute with a private agro-industry company has been transferred to work in Phnom Penh. Pen Bonnar, Ratanakkiri provincial coordinator for Adhoc , said yesterday ...
Sihanouk's body returns to Phnom Penh
The plane carrying the body of late King Father Norodom Sihanouk touched down this afternoon. The body made its way to the Royal Palace in a procession attended by more than 100,000 mourners. Even hours before the Boeing 747 carrying the late King Father arrived from Beijing, ...
Aviation in the Kingdom soaring with new flights and airport plans
Cambodian aviation continues its ascent with the Oct. 1 launch of Singaporean low-cost carrier Tiger Airway’s daily direct service to Phnom Penh, ongoing airport expansions and the announcement of several new airport projects. Currently, there are more than 20 international airlines offering service to Cambodia for a ...
Toll Royal Railways expands
Toll Royal Railways signed two freight logistics agreements with Siam Concrete Group and United Logistics and Distribution at their offices in Phnom Penh’s Central Railway Station yesterday. SCG Cambodia contracted TRR for the transport and warehousing for bagged cement from Touk Meas in Kampot province to ...
http://www.phnompenhpost.com/index.php/2012101259265/Business/toll-royal-railways-expands.html
Tuol Kork on the rise
Tuol Kork district has been showing its potential through infrastructure development, and is changing from a residential into a commercial area, according to property experts. Moreover, Tuol Kork will become a more central area because it is located in the middle of the old Phnom ...
http://www.phnompenhpost.com/index.php/Real-Estate/tuol-kork-on-the-rise.html
Mittapheap Hotel on track
The five-star, 17-story Mittapheap Hotel in Sihanoukville province, being constructed by Khouch Asia Company, is on track to be completed in 2014 as planned, according to the project manager. The company is aggressively developing the project and the first floor has just been completed. The numbers of ...
http://www.phnompenhpost.com/index.php/Real-Estate/mittapheap-hotel-on-track-in-sihanoukville.html
Tiger Airways launches Hyderabad and Phnom Penh routes from Singapore
Tiger Airways has launched two new routes from its Singapore (SIN) base, using its single fleet of 180-seat A320s. On 27 September, the low-cost airline began operating five times weekly to Hyderabad (HYD) in southeast India – the airline’s sixth destination in India ...