News

Houses bulldozed because of land

Sihanoukville authorities bulldozed homes in the Steung Hav district on Tuesday following a verdict made by Sihanoukville Provincial Court. In the demolition, authorities had used about 100 police officers and several machines to bulldoze around 18 houses. The land had been a topic of ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YTI4Y2VjMzgyMmZ

Government's New Jet Takes To the Skies

The government’s brand-new Airbus A320 jet took off on official state business for the first time yesterday, when it departed from Phnom Penh International Airport en route to Beijing with King Norodom Sihamoni and Queen Mother Norodom Monineath. “It is the government’s plane and is for ...

http://www.cambodiadaily.com

Angkor Wat sees tourism spike over Lunar New Year

The number of domestic and foreign tourists visiting Siem Reap’s ancient Angkor Wat temple and the Kingdom’s coastal areas increased sharply during this year’s three-day Lunar New Year. Data from the Siem Reap provincial tourism department show that 52,909 tourists visited Siem Reap during Lunar ...

http://www.phnompenhpost.com/2013021461364/Business/angkor-wat-sees-tourism-spike-over-lunar-new-year.html

Ambition Trumps Reality in Investment Figures

Since 2008, a whopping $28 billion worth of investments has been pledged by local and international firms looking to set up lux­ury hotels, a new airport and even Cam­­bo­dia’s first horse racing venue. But a closer look at the list of in­vestments approved by the Cam­bodian ...

http://www.cambodiadaily.com/business/ambition-trumps-reality-in-investment-figures-9387/

Cambodia Angkor Air expands its international network

For a long time, Cambodia’s national carrier Cambodia Angkor Air (CAA) served only as a feeder carrier to its shareholder Vietnam Airlines. Three lines were then in service on routes linking Phnom Penh to Siem Reap, Phnom Penh-Ho Chi Minh City and finally Siem Reap-HCMC. ...

http://www.traveldailynews.asia/news/article/51485/cambodia-angkor-air-expands-its

New flights between Sihanoukville and Phnom Penh to be launched soon

New scheduled flights between Sihanoukville and Phnom Penh will probably be launched soon, and Sihanoukville-Siem Reap flights will operate daily instead of three times a week, an industry leader says. These changes by Cambodia Angkor Air had a “high chance” of taking off in April to ...

http://www.phnompenhpost.com/2013012360932/Business/new-flights-between-sihanoukville-and-phnom-penh-to-be-launched-soon.html

Anti-competitive behaviour limits Cambodia’s domestic airline industry

Anti-competitive behaviour in Cambodia’s domestic airline industry is limiting its growth, with the relevant authorities “reluctant” to open the domestic market up to competition, an aviation report found. Monopolising this market currently is the country’s flagship carrier, Cambodia Angkor Air, according to a Centre for Aviation ...

http://www.phnompenhpost.com/2013012160883/Business/anti-competitive-behaviour-limits-cambodia-s-domestic-airline-industry.html

Cambodia gains 3.5 million tourist arrivals in 2012

Cambodia in 2012 received 3.5 million foreign visitors, an increase of 25 per cent if comparing to 2011 and earned 2 billion US dollars for national income this year, tourism minister said on January 10. He also said:  for 2011, there were 8 million of ...

http://thesoutheastasiaweekly.com/?p=5285

Detained Russian's Company Under Investigation for Fraud

The company of Russian businessman Sergei Polonsky, who is currently being detained by Cambodian authorities after a maritime incident off the coast of Preah Sihanouk province last week, is being investigated by the Russian Interior Ministry for fraud, according to a statement on the ministry’s ...

http://www.cambodiadaily.com/news/detained-russians-company-under-investigation-for-fraud-7333/

Cambodia Angkor flies to Bangkok

Cambodia Angkor Air will start a daily service between Phnom Penh and Bangkok, 1 February [sic]. The airline launched its first service to Thailand, 30 November [sic] from Siem Reap and is scheduled to start a service to Hanoi 7 January [sic]. The Bangkok-bound flight will ...

http://www.ttrweekly.com/site/2013/01/cambodia-angkor-flies-to-bangkok/

Thai-Cambodia buses open a new era with new land connections on public transport

BANGKOK- First bus services between the two Kingdoms of Cambodia and Thailand had their debut on December 29, said the Transport Co., a Thai state enterprise under the Transport Ministry. The service includes the Bangkok-Siem Reap route, a 424-kilometre trip that takes about seven hours. ...

http://www.traveldailynews.asia/news/article/51288/thai-cambodia-buses-open-a-new

Siem Reap hotels oversupplied

Potential real estate investors in Siem Reap are being advised to look towards retail strips rather than hotels, according to Cambodian real estate professionals. Knight Frank’s Cambodia chief, Sunny Soo, said that while the hotel industry is well supplied, the town lacks an organised retail strip. ...

http://www.phnompenhpost.com/Real-Estate/siem-reap-hotels-oversupplied.html

Rising tourism prompts ABA growth in Siem Reap

The Advanced Bank of Asia (ABA) is expanding its Siem Reap operations to take advantage of the growing tourism sector. The bank is moving out of its 160-square-metre Sivutha Street office into a 1,080-square-metre, three-level office across the road, and it is now one of the ...

http://www.phnompenhpost.com/index.php/2012121160202/Business/rising-tourism-prompts-aba-growth-in-siem-reap.html

Cambodia's e-commerce struggles amid potential

It was only in July this year when German-owned internet start-up incubator Rocket Internet launched shop.com.kh in Cambodia, an online retail store selling electronics such as mobile phones, laptops and tablets. Rocket Internet Cambodia co-founder Karl Seilern told the Post in July that the country’s growth ...

http://www.phnompenhpost.com/index.php/2012120560099/Business/cambodias-e-commerce-struggles-amid-potential.html

CIMB Bank Opens 4 new Branches in Cambodia

In an effort to reach a crowing number of customers in the agricultural sector Malaysia based CIMB bank Plc on Friday opened 4 new branches in Phnom Penh, Battambang and Kompong Cham cities. CIMB wants to provide loans to customers in the rice, ...

http://www.cambodiadaily.com/

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