Industries

Affordable Amazonian paradise for the masses

The resort and housing complex, which has only recently started construction, is located in Dangkao district’s Kong Noy commune, making it an 18-kilometre journey from Wat Phnom in Phnom Penh. ...

Vandy Muong
http://www.phnompenhpost.com/post-property/affordable-amazonian-paradise-masses

Home loans fast gaining traction

Acleda Bank has provided $40 million to customers in the form of housing loans since the start of 2017, marking a growing trend of home loans being taken out across the country. ...

Siv Meng
http://www.phnompenhpost.com/post-property/home-loans-fast-gaining-traction

Construction remains strong growth driver for Cambodia

Investment in Cambodia’s real estate and construction industry now stands at $4 billion, according to data from the Ministry of Land Management, Urban Planning, and Construction (MLMUPC). ...

Siv Meng
http://www.phnompenhpost.com/post-property/construction-remains-strong-growth-driver-cambodia

Investor interest still strong, says report

Cambodia is one of the emerging nations that attracts foreign investors in the real estate sector, thanks to its growth and good performance, according to a recent report from PropertyGuru. ...

Sum Manet
http://www.khmertimeskh.com/news/38915/investor-interest-still-strong--says-report/

Questions raised over garment statistics

While Cambodia’s garment sector exhibited solid growth last year, employment levels declined, raising concerns about a potential rise in unregulated subcontracting, the International Labour Organization (ILO) said in a report released yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/questions-raised-over-garment-statistics

Garment industry facing subcontracting threat: ILO

Cambodia’s garment factories appear to be ramping up their use of subcontractors, which tend to get the least attention from regulators and raise the most fears of abuse among labor rights groups, according to a report released on Monday. ...

Zsombor Peter
https://www.cambodiadaily.com/news/garment-industry-facing-subcontracting-threat-ilo-2-130670/

Garment exports surge up EU list

Cambodia’s garment manufacturing industry has eclipsed rival Vietnam as a supplier of products to the European Union and is on course to overtake India, a visiting industry insider said yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/garment-exports-surge-eu-list

Trade fair fees reduced for local garment firms

Germany-based apparel industry trade fair organiser Messe Frankfurt France signed a memorandum of understanding with the Garment Manufacturers Association in Cambodia yesterday to offer discounted exhibitor fees to Cambodian manufacturers in a deal valued at €400,000 ($450,000). ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/trade-fair-fees-reduced-local-garment-firms

Competition, economic status leave garment sector at risk

Cambodia’s upgrade to lower-middle income status and looming competition from an E.U.-Vietnam trade deal pose major risks to the country’s garment and footwear export industry, a European business representative said on Thursday. ...

Hang Sokunthea
https://www.cambodiadaily.com/second2/competition-economic-status-leave-garment-sector-risk-130460/

Opportune time to tap growing Chinese market in Sihanoukville

Following the steady rise of tourism in Sihanoukville, property development in the coastal town is heavily targeting the nonstop influx of Chinese flocking to the area.Although Sihanoukville has, in recent times, been synonymous with a growing number of Chinese tourists, currently it is going through ...

Vandy Muong
http://www.phnompenhpost.com/post-property/opportune-time-tap-growing-chinese-market-sihanoukville

Investing smart to avoid commercial flop

As the country now focuses its attention on the commune elections, the real estate sector has quietened down slightly to observe the situation. However, Worldbridge Land’s chairman Sear Rithy is unperturbed as he prepares to launch another large-scale development in the capital. ...

Siv Meng
http://www.phnompenhpost.com/post-property/investing-smart-avoid-commercial-flop

Opportune time to tap growing Chinese market in Sihanoukville

Following the steady rise of tourism in Sihanoukville, property development in the coastal town is heavily targeting the nonstop influx of Chinese flocking to the area. ...

Vandy Muong
http://www.phnompenhpost.com/post-property/opportune-time-tap-growing-chinese-market-sihanoukville

Pursat to reap fruits of labour

It takes three hours by car to get to the quiet province of Pursat from Phnom Penh, winding westwards along approximately 200 kilometres on National Road 5. Recently, though, the sleepy town has been stirring under some ongoing developments in the form of a combined ...

Vandy Muong
http://www.phnompenhpost.com/post-property/pursat-reap-fruits-labour

Angkor Wat voted world’s top tourist site

Cambodia’s Angkor Wat was yesterday named the world’s number one landmark in TripAdvisor’s 2017 Traveller’s Choice awards. The World Heritage site beat competition from the likes of India’s Taj Mahal, Peru’s Machu Picchu, and St Peter’s Basilica in the Vatican City to take the top spot. ...

Mom Kunthear
http://www.khmertimeskh.com/news/38710/angkor-wat-voted-world---s-top-tourist-site/

Pursat river pleasure cruises planned

Tourists will soon be able to cruise along the Pursat river in rowing boats and pedalos, under plans to develop the waterway as a tourist attraction, according to a senior provincial official. ...

Sok Chan
http://www.khmertimeskh.com/news/38690/pursat-river-pleasure-cruises-planned/

Let workers return home for elections: Unions

Two of the country’s biggest garment workers’ unions have asked the government to make factories give their workers three days of paid leave and provide loans for travel expenses to allow them to return to their hometowns to vote in the upcoming local elections. ...

Chhorn Phearun and Hannah Hawkins
https://www.cambodiadaily.com/news/let-workers-return-home-elections-unions-130376/

US exports rebound

Exports to the United States rebounded in the first quarter of the year, an increase of almost two percent on the same period last year, despite fears over protectionist trade policies to be ushered in by US President Donald Trump. ...

May Kunmakara
http://www.khmertimeskh.com/news/38644/us-exports-rebound/

Construction industry sees 43 percent investment increase

Investment in Cambodia’s booming construction industry increased by 43.3 percent over the first four months of the year compared to the same period last year, according to data released by the Land Management Ministry on Tuesday. ...

Chhorn Phearun
https://www.cambodiadaily.com/news/130298-130298/

Single-visa initiative puts Myanmar flights on course

Myanmar’s Ministry of Tourism is pushing forward with the implementation of a “two countries, one destination” campaign that hinges on establishing direct flights between the historic cities of Bagan and Siem Reap. The campaign’s single-visa programme would allow tourists holding either a Myanmar or Cambodia ...

Kali Kotoski
http://www.phnompenhpost.com/business/single-visa-initiative-puts-myanmar-flights-course

Lottery hopes to soar on Wing network

Mohaleap Lotto, a subsidiary of Cambodia’s Royal Group, officially entered the Kingdom’s lottery gaming market this month, hoping to disrupt a business sector currently dominated by black market outlets, a company executive said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/lottery-hopes-soar-wing-network

Ly Hour eyes next borey development

Housing Development Association of Cambodia president Ly Hour has unveiled plans to erect a borey in Tboung Khmum province. ...

Siv Meng
http://www.phnompenhpost.com/post-property/ly-hour-eyes-next-borey-development

In wage protest, hundreds of garment workers block road

More than 1,000 garment workers from a factory in Kandal province’s Takhmao City blocked a public road on Wednesday in protest over unpaid wages that have left them struggling to afford food and pay their rents, a union official said. ...

Buth Kimsay
https://www.cambodiadaily.com/news/in-wage-protest-hundreds-of-garment-workers-block-road-129890/

Foreign tourist arrivals up 12 percent

Foreign tourist arrivals to Cambodia went up more than 12 percent in the first quarter of 2017, as the country ramped up efforts to improve services and attractions for visitors. ...

Chea Vannak
http://www.khmertimeskh.com/news/38458/foreign-tourist-arrivals-up-12-percent/

Plans for floating market in the works

The local entrepreneur who brought the capital its first container night market is seeking government support to realise his vision for the country’s first custom-built floating market and entertainment complex. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/plans-floating-market-works

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