Industries

Authorities clear furniture from Sihanoukville beach—again

Outdoor tables and chairs belonging to bars and restaurants on Sihanoukville’s Serendipity Beach were removed by local authorities on Tuesday as part of a campaign to beautify the city’s beaches by ridding them of illegal commercial activity, an official said on Wednesday. ...

Peter Ford and Buth Kimsay
https://www.cambodiadaily.com/news/authorities-clear-furniture-from-sihanoukville-beach-again-111301/

Siem Reap readies for Khmer new year tourist flood

Tourism authorities in Siem Reap are anticipating that more than a million tourists will descend on the temple town for the Angkor Sangkran festival, the country’s biggest cultural attraction over the Khmer New Year holiday. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/siem-reap-readies-khmer-new-year-tourist-flood

Government says Kep water safe; tourists pour back in

After issuing a public health warning earlier this month for Kep province due to an algal bloom in the coastal water, the government on Friday lifted its precautionary ban on swimming, fishing and eating seafood in the province, according to a statement.   ...

Kang Sothear and Hannah Hawkins
https://www.cambodiadaily.com/news/government-says-kep-water-safe-tourists-pour-back-in-111115/

Prince Real Estate plans $300 mil project

China’s Prince Real Estate plans to invest $250-$300 million in a new project on Norodom Blvd. The new project will begin after the completion of the current condominium project which began last year and is due to be finished in 2018. Li Min, president of Prince Real ...

Sum Manet
http://www.khmertimeskh.com/news/23754/prince-real-estate-plans--300-mil-project/

Cambodia mulls visa on arrival for Russians

Cambodia’s Tourism Ministry has requested the government to allow visa on arrival for Russian citizens, The Khmer Times reported on April 6. ...

Alexander Korablinov
https://rbth.com/news/2016/04/06/cambodia-mulls-visa-on-arrival-for-russians_582251

PPSEZ sets timeline for delayed IPO launch

After numerous delays, industrial park operator Phnom Penh Special Economic Zone announced yesterday that it had finalised a timeline for the launch of its upcoming initial public offering, and would kick off a five-day bookbuilding session starting on April 18 and hold a public roadshow ...

Kali Kotoski
http://www.phnompenhpost.com/business/ppsez-sets-timeline-delayed-ipo-launch

Spending big on new year overseas travel

With incomes and the middle class growing, Cambodians are spending even more this year on foreign trips for the Khmer New Year holiday, tour operators said yesterday. ...

Chea Vannak
http://www.khmertimeskh.com/news/23688/spending-big-on-new-year-overseas-travel/

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/

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