News
Angkor Wat revenue at $51 million for last year
Revenue from foreign tourists buying passes to see temples in Siem Reap’s Angkor Wat complex amounted to about $51 million last year, according to a Post calculation of data that was released Friday in a letter by the Apsara Authority, which manages the site. [Bun] Narith ...
http://www.phnompenhpost.com/business/angkor-wat-revenue-51-million-last-year
Thai AirAsia on Siem Reap price war
Thai AirAsia (TAA) is breaking into the Bangkok-Siem Reap segment long dominated by Bangkok Airways in a move reflecting Cambodia’s new directive to open up its top destination for mass tourism. TAA secured permission from Cambodian authorities to launch a daily service starting on Oct ...
http://www.bangkokpost.com/business/aviation/360031/taa-ready-for-price-war-on-new-siem-reap-route
Some 1,368 new firms registered in Cambodia in H1, down 19%
The Ministry of Commerce said Monday that it has granted operating licenses to 1,368 new companies in the first half of this year, down 19 percent compared with the 1,694 firms over the same period last year. ...
http://news.xinhuanet.com/english/business/2013-07/15/c_132543010.htm
Chinese bypass the local fare
Hui Tien Jien has eaten at a Chinese restaurant called Old Place Seafood two times – and he’s been in Phnom Penh for only two days. Chinese restaurants in Phnom Penh are spreading in response to a flood of tourists from China: tourists who insist ...
http://www.phnompenhpost.com/business/chinese-bypass-local-fare
Cambodia, next powerhouse for Asean investors
The success Qatar’s Ooredoo had with being issued a mobile phone licence in Myanmar is an encouraging development for Middle East investors who are looking into the possibility of entering a venture or opening a business in Southeast Asia. Let’s take a look at Cambodia. ...
http://www.gulf-times.com/business/191/details/359376/cambodia,-next-powerhouse-for-asean-investors
Cambodia records 1.32 bln USD trade deficit in H1
Cambodia saw a trade deficit of 1.32 billion U.S. dollars in the first six months of this year, according to a Commerce Ministry’s report on Thursday. The country’s total imports and exports were valued at 7.62 billion U.S. dollars during the period, up 20 percent from ...
http://news.xinhuanet.com/english/business/2013-07/11/c_132533088.htm
Cash for Siem Reap Market Repair to Come From National Budget
A $300,000 sum to repair Siem Reap City’s fire-ravaged Doeum Kralanh market, originally billed on Monday as a donation from Prime Minister Hun Sen, will actually be taken from the national budget, according to a senior ruling-party official. Less than three weeks before the July 28 ...
Cambodia Receives 1.79 Million Foreign Tourists In First Five Months
Cambodia attracted 1.79 million foreign visitors in the first five months of the year, up 19 per cent over the previous year. From January to May, Vietnam remains the main source of visitors with 341,000 tourists, up 11 per cent year-on-year, followed by South Korea with ...
http://www.bernama.com.my/bernama/v7/wn/newsworld.php?id=962064
Cambodia's Angkor Wat earns 30 mln USD per annum from ticket sales
Cambodia’s Angkor Wat temples, one of the world heritage sites, generated an annual revenue of 30 million U.S. dollars from ticket sales, Deputy Prime Minister and Cabinet Minister Sok An said Sunday. Last year, the temples attracted 2.06 million foreigners, up 28 percent year-on-year, he ...
http://www.asean-china-center.org/english/2013-07/08/c_132522594.htm
$1M Damage as Blaze Guts Siem Reap Market
A fire sparked by an electrical fault ripped through the Doeum Kralanh market in Siem Reap City early Friday morning destroying 200 stalls and causing more than $1 million in damage, according to market traders and police officials. The 8,000-square-meter market in Kokchak commune housed a ...
http://www.cambodiadaily.com/news/1m-damage-as-blaze-guts-siem-reap-market-33787/
Mainland chartered flights rise
Direct private chartered flights from different parts of China to Cambodia are booming as the number of Chinese tourists visiting the Kingdom is mounting, industry insiders told the Post yesterday. As early as July 10, a chartered flight will launch from Wuhan, the largest city in ...
http://www.phnompenhpost.com/2013070466650/Business/mainland-chartered-flights-rise.html
Preah Vihear visits on the up
As tensions subside between Thailand and Cambodia over the 11th-century Preah Vihear temple, site officials are welcoming a steady increase of international tourists. At 5,240, foreign visits are up 56 per cent in the first six months of the year, compared to the same period ...
http://www.phnompenhpost.com/2013070366630/Business/preah-vihear-visits-on-the-up.html
Sihanoukville to be the site of first marina
Russian sailor Andrey Mantula plans to build what he is calling Cambodia’s first marina off the beaches of Preah Sihanouk province. Mantula, who has lived in Cambodia for one year, is heading up the project. He expects construction to start on October 1 of this year. ...
Special tour packages offered for Cambodia, Vietnam
Asianway Travel company is offering special package tours to traveling professionals called the “mega FAM tour” between Cambodia and Vietnam from July to August, 2013. With the best selling packages offered, professionals have a great opportunity to explore and experience the treasures of Cambodia and ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NjViZDNiMjAwYTk
Entrepreneurs visits Cambodia for business opportunities
Two dozens of Chinese entrepreneurs in the World Eminence Chinese Business Association have been visiting Cambodia to seek possibilities to broaden trade and investment ties between China and Cambodia. The group, led by Xia Lingsheng, the Association’s executive vice president, met with Tep Ngorn, the 2nd ...
Cambodia wants better ties with Pakistan in economics, trade, tourism: PM
Cambodian Prime Minister Hun Sen on Monday expressed his desire to see better relations with Pakistan, particularly in economics, trade and tourism. He said the two countries signed an agreement on the investment protection and promotion in April 2004 during the visit of former Prime ...
http://news.xinhuanet.com/english/world/2013-07/01/c_132501129.htm
Foreign investment rises 73 pct
A mid [sic] global economic fragility, foreign direct investment (FDI) in Cambodia grew a whopping 73 per cent in 2012 from the year before, a huge increase helping to fuel a record-setting amount of money pouring into least developed countries, according to the United Nations ...
http://www.phnompenhpost.com/2013070166579/Business/foreign-investment-rises-73-pct.html
China to help conserve Cambodia's Angkor World Heritage Site
Cambodia’s Apsara Authority and China Civil Engineering Construction Corporation on Thursday signed a Memorandum of Understanding (MoU) on the project of sustainable management of the existing resources for conservation and sustainable development in Angkor World Heritage Site and Siem Reap region. The deal was inked between ...
http://news.xinhuanet.com/english/china/2013-06/27/c_132492881.htm
Flights planned from Beijing to Siem Reap, Phnom Penh
Chinese flag carrier Air China is expected to launch the first non-stop flights from Beijing to Cambodia as early as November this year, officials said yesterday. Director of the Air Transport Department of Cambodia’s State Secretariat of Civil Aviation, Vann Chanty, said that officials from ...
Airline will offer more China trips
Cambodia Angkor Air plans to launch chartered flights between Siem Reap and the southeastern coastal Chinese city of Xiamen next month. The national flag carrier plans to take off for China for the first time on July 11, CAA Chairman Tek Reth Samrach said yesterday, the ...
Anne Renzenbrink
http://www.phnompenhpost.com/2013062566453/Business/airline-will-offer-more-china-trips.html
Cambodia tweaks trip estimate
Cambodia’s Ministry of Tourism has revised tourist travel arrivals from 3.8 million to 4.2 million by year-end. Tourism Minister Thong Khon told local media, earlier this week, that the adjustment was based on a January to April’s performance with 1.5 million trips. “Earlier, we forecast 3.8 million, ...
http://www.ttrweekly.com/site/2013/06/cambodia-tweaks-trip-estimate/
Tourists in trouble rise
Crimes and traffic accidents of which tourists were the victims increased by 33 per cent in the first six months of 2013, compared with the same period last year. Tourism Police Department director Nhearn Vibol said that 396 tourists had fallen victim to crime and motor ...
http://www.phnompenhpost.com/2013062066385/National/tourists-in-trouble-rise.html
Housing development on Cambodian islands not the right time yet
Although currently there are a lot of development projects for resorts and guesthouses on various islands off Cambodia’s coast, experts say it is not the right time for such developments. Po Eavkong, managing director of Asia Real Estate Cambodia, said the development activities on islands in ...
Cambodia unveils strategy to attract Chinese tourists
Cambodia’s Ministry of Tourism on Wednesday finalized its 5-year strategic plan to attract at least 1.3 million Chinese visitors by 2018. Speaking at a seminar on Cambodia tourism marketing strategy targeting China, So Visothy, director of the Tourism Ministry’s Marketing and Promotion Department, said that currently ...
http://news.xinhuanet.com/english/world/2013-06/19/c_132467692.htm