ព័ត៌មាន
Flagship airline gets new planes
National carrier Cambodia Angkor Air (CAA) recently bought a new Airbus 321 from Europe as part of its expansion into international routes to meet a rise in market demand. The CAA also plans to import one more plane early next year. CAA is a joint venture ...
http://www.phnompenhpost.com/2012121760309/Business/flagship-airline-gets-new-planes.html
Ground broken on Koh Pich for Japan-Cambodia venture
Popular Japanese hotel chain Toyoko Inn has embarked on a joint-investment with Cambodian company OCIC to build a three-star hotel on Phnom Penh’s Koh Pich, to cater to the growth of foreign investors and visitors to Cambodia. The groundbreaking ceremony for the 22-storey, 304 unit Toyoko ...
http://www.phnompenhpost.com/Business/ground-broken-on-koh-pich-for-japan-cambodia-venture.html
Asian mega centre boost for Christchurch business
Three New Zealand companies will leave their mark on Kids City, a massive new family entertainment complex in Cambodia offering 7000 square metres of indoor activities, shops, cafes and an ice skating rink on the top floor. When it opens in March, visitors to the 12-story ...
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10851834
Regional Comprehensive Economic Partnership to create huge market
Cambodia’s ASEAN economic minister said the official launch of the negotiations for the Regional Comprehensive Economic Partnership (RCEP) will lead to potentially forming the biggest single market in the region and is much bigger than the traditional markets of the US and the EU. An economist ...
Key joins Asian free trade talks
Prime Minister John Key has joined a launch of Asian free trade talks – but made it clear he favours a US-backed deal. The East Asian Summit wrapped up in Phnom Penh yesterday with Asian leaders formally announcing a start to negotiations towards a Regional Comprehensive ...
http://www.stuff.co.nz/business/7978019/Key-joins-Asian-free-trade-talks
Cambodia's Tourism Slows
Cambodia’s Statistics and Tourist Information Department, Ministry of Tourism, reported arrivals increased 15.7% in September, the lowest growth rate so far for this year based on 242,747 visits during the month. The percentage increase for the nine-month period was pulled down from 24.5% at ...
http://www.ttrweekly.com/site/2012/11/cambodias-tourism-slows/
Vietnam, Laos, Cambodia seek investments for Mekong sub region
Delegates attending a forum on investment and cooperation for the Mekong sub region, held in the central highland province of Dak Lak on November 9, all agreed that Vietnam, Laos and Cambodia need to work on common preferential policies to attract lucrative investments for the ...
Companies in Talks to Build Helicopter Factory
A U.S.-Korean joint venture is in talks with the government to build a helicopter manufacturing plant and a training facility for helicopter pilots and mechanics, an aviation official and a company representative said this week. Richard Pak, a representative of South Korean firm Samik Bio Energy ...
http://www.cambodiadaily.com/business/companies-in-talks-to-build-helicopter-factory-5362/
Cambodian migrant workers send US$360 million home a year
Cambodian migrant workers in Thailand, Japan, Malaysia and Korea have sent home an average of US$360 million a year in remittances, according to Seng Sakada, general director of Ministry of Labor and Vocational Training. Overseas Cambodian migrants mainly work in the fields of housework, construction, factories ...
AHAVA expanding to 7 more countries
AHAVA Dead Sea Laboratories is expanding its international activity Dead Sea products to be sold in Poland, Italy, Switzerland, Korea, Greece, Denmark and Cambodia. Company CEO expects 10% growth in sales in coming year “In Phnom Penh, the Cambodian capital, we are operating through a franchisee’s store, ...
Camko City restarts after one-year hiatus
Construction at Camko City, an unfinished, US$2 billion satellite city in northwestern Phnom Penh, has resumed after at least one sentence connecting the mega-project’s chief executive with a Korean banking scandal was dropped. , the company behind Camko City, has resumed the construction of retail space ...
Korean tourists fuel demand for dog meat in Cambodia
Riding a motorcycle with a cage, Pov Nat scours rural areas for dogs. He pays between 30,000 ($7.38) and 80,000 riel a head and sells the animals to a butcher in Siem Reap. The 21-year-old native of Kampong Cham province began buying dogs after coming to ...
http://view.koreaherald.com/kh/view.php?ud=20120826000233&cpv=0
Tackling Tourism
Tourism authorities are concerned that the role of Siem Reap’s Cambodian tour guides catering to Korean tourists is being usurped by interpreters, with the tour guides being relegated to mere porters. This is mainly due to the lack of tour guides who can converse in the ...
http://www.phnompenhpost.com/index.php/2012082458277/Siem-Reap-Insider/tackling-tourism-issues.html
Migrants to Korea jump
More Cambodian migrant workers headed to South Korea in the first half of this year than in all of 2011, data from the Ministry of Labour shows. A suspension on Vietnamese migration, coupled with an improving Korean economy, primarily accounted for the jump, officials say. Working ...
http://www.phnompenhpost.com/index.php/2012071057315/Business/migrants-to-korea-jump.html
Korean College for Siem Reap
Cheju Halla, a Korean university, plans to build a university of tourism and hospitality in Siem Reap next year, Tourism Minister Thong Khon told reporters yesterday at a meeting with Han Soo Kim, the new South Korean ambassador to Cambodia. The Ministry of Tourism has requested ...
http://www.phnompenhpost.com/index.php/2012062156924/Business/korean-college-siem-reap.html
Siem Reap’s US$1bn airport delayed
No ground was broken in May on the New Siem Reap International Airport (NSRIA), a US$1 billion Korean investment, and officials say no definite date has been set for work on the project as the developer looks for new partners. NSRIA Co Ltd, an equal joint ...
http://www.phnompenhpost.com/index.php/2012060656613/Business/siem-reaps-us1bn-airport-delayed.html
Koreans aim for medical tourists from Kingdom
The 24,000 Cambodians who visited South Korea during 2011 included about 100 people going for medical services, most of them high-ranking Cambodian government officials, according to Charm Lee, President of the Korea Tourism Organization. At a Korean Medical Tourism conference on Saturday at Sofitel in Phnom ...
Underwriter for first IPO bullish on Phnom Penh Water and the CSX
The head of the underwriting team that will launch Cambodia’s first IPO April 18 is Han Kyung Tae, Managing Director of Tongyang Securities (Cambodia) PLC and a South Korean stock market specialist. Tongyang Securities (Cambodia) Ltd. is the Cambodian subsidiary of Tongyang Group, a South ...
Battle Over CamKo City Now in Court
A South Korean government agency and Korean investors in CamKo City are locked in an ownership dispute at the Phnom Penh Municipal Court over the half-built residential development project in Russei Keo district, according to court documents obtained yesterday. Following the collapse of the Busan Savings ...
Cambodia-Linked Investors Sentenced in Seoul
The chief executives of the firms behind two large-scale real-estate projects in Cambodia have been sentenced to jail in Seoul for obtaining illegal loans and using the money to finance fictitious companies abroad, according to a South Korean court official. The two executives were among a ...
Exports to Korea Climb 100%
Cambodia’s exports to South Korea rose by more than 100 per cent last year, according to officials at the Korea Trade-Investment Promotion Agency (KOTRA). Agricultural and garment exports largely accounted for the surge. KOTRA data shows total exports were worth US$87.3 million in 2011, compared ...
http://www.phnompenhpost.com/index.php/2012020854369/Business/exports-to-korea-climb-100.html
Four companies narrow in on Phnom Penh bus service
Seven months after City Hall called for companies to submit proposals for the city’s first-ever bus service, Phnom Penh Municipality has announced that four out of seven companies who have shown interest will be considered. The municipality in May and June 2011 invited all interested companies ...
Damages from mine to cost at least $4m
The government said yesterday that a gold mine in Kompong Cham province that has damaged about 1 square km of land with chemical waste would cost at least $4 million to clean up. Speaking at a workshop in Phnom Penh on revenue transparency, Sim Sisokhaly, director ...
Case pleaded to prime minister
More than 100 workers from Cambo Handsome One garment factory gathered outside the home of Prime Minister Hun Sen on Friday and Saturday, after urging him on Thursday to intervene in a dispute with the factory’s Korean owners. The move followed an appeal to the Ministry ...
http://www.phnompenhpost.com/index.php/2011120553142/National-news/case-pleaded-to-pm.html