Industries

Joint Cambodia, Laos tour packages

Cambodia and Laos, in a bid to promote bilateral tourism, will create joint tour packages to facilitate the visit of tourists to both countries. The tour packages will focus on provinces, in both countries, that lie on either side of the Mekong river. ...

Sum Manet
http://www.khmertimeskh.com/news/36005/joint-cambodia--laos-tour-packages/

Decline in labor complaints compared with last year

Labor dispute complaints in the garment and textile sector declined last year compared with 2015, according to the Arbitration Council, which attributed the drop to the Trade Union Law. ...

Pech Sotheary
http://www.khmertimeskh.com/news/35923/decline-in-labor-complaints-compared-with-last-year/

PM: Green Belt for tourists

Prime Minister Hun Sen called for a Green Belt to be established at the country’s main tourist areas to supply holiday-makers with locally produced vegetables and meat, instead of importing them from neighboring countries. ...

Chea Vannak
http://www.khmertimeskh.com/news/35910/pm--green-belt-for-tourists/

Diversify to compete, WB economist says

Cambodia’s lagging agriculture and nascent manufacturing sectors need to diversify as the threat of regional competition heats up, a World Bank economist warned yesterday, while enumerating the challenges the Kingdom faces after having officially graduated into a lower-middle income country last year. ...

Kali Kotoski
http://www.phnompenhpost.com/business/diversify-compete-wb-economist-says 

Pesticide causes mass fainting

Eighty garment workers in Kampong Cham province fainted yesterday morning due to pesticides sprayed on a rice field nearby, according to police. ...

Mom Kunthear
http://www.khmertimeskh.com/news/35714/pesticide-causes-mass-fainting/

Equipment sale ordered to pay wages

The Phnom Penh Municipal Court has issued a warrant for the temporary seizure of Top World Garment Cambodia Ltd’s property in order to get the employer to appear and find a solution for workers still owed their December salaries. ...

Sen David
http://www.phnompenhpost.com/national/equipment-sale-ordered-pay-wages

NagaCorp casino 2016 profits show modest growth

Cambodian casino operator NagaCorp Ltd posted a net profit of $184.2 million last year, a 7 percent increase over the previous year, with growth largely tempered by a lacklustre surge in business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh.While ...

Kali Kotoski
http://www.phnompenhpost.com/business/nagacorp-casino-2016-profits-show-modest-growth

Cambodian exports to US down

Cambodia’s total exports to the United States declined last year compared with 2015, due to uncertainties in the US presidential race and rising exports from Vietnam and new market player Myanmar. ...

May Kunmakara
http://www.khmertimeskh.com/news/35260/cambodian-exports-to-us-down/

Modest growth for NagaWorld

NagaWorld, a subsidiary of Hong Kong-listed NagaCorp, recorded a modest four percent increase in gross gaming revenue (GGR) last year, bringing the figure up to $500.8 million.   ...

May Kunmakara
http://www.khmertimeskh.com/news/35315/modest-growth-for-nagaworld/

Something’s fishy with prahok

This year’s prahok season has left a bad taste in the mouths of those involved in making the pungent dish that is a staple in Cambodian cuisine. There are concerns that the vagaries in the mudfish catch, due to climate change and illegal exports to Vietnam, ...

Chea Vannak
http://www.khmertimeskh.com/news/35332/something---s-fishy-with-prahok/

Court taxes unemployed workers

About 100 workers from the Chung Fai Knitwear factory in Phnom Penh’s Meanchey district protested in front of the capital’s municipal court yesterday, demanding a judge remove a fee they are unable to pay. ...

Mom Kunthear
http://www.khmertimeskh.com/news/35171/court-taxes-unemployed-workers/

Minister plans railway for workers

The Labor Ministry is considering constructing a railway line connecting Phnom Penh and select provinces to special economic zones (SEZ) or industrial areas in response to the high number of road accidents involving commuting workers. ...

Mom Kunthear
http://www.khmertimeskh.com/news/34978/minister-plans-railway-for-workers/

Slowdown in services sector

A slow growth in tourism, and a slowdown in the logistics and real estate sectors could cumulatively have a knock-on effect that will threaten the overall growth of the country’s services sector, a report from the Ministry of Economy and Finance said yesterday. ...

Sok Chan
http://www.khmertimeskh.com/news/34626/slowdown-in-services-sector/

AirAsia to open Cambodia office

AirAsia, the Malaysia-based low-cost airline, will soon have an office in Cambodia to boost the number of tourist arrivals to the kingdom. The airline’s office will open soon, said AirAsia CEO Anthony Fernandes, after holding a meeting with Prime Minister Hun Sen in Switzerland on the ...

Chea Vannak
http://www.khmertimeskh.com/news/34625/airasia-to-open-cambodia-office/

Construction industry cooling down: analysts

Government revenue collected on property transfers and construction services dropped off by 25 percent last year, reflecting a slowdown of the Kingdom’s construction sector despite a surge in the reported value of investment in real estate development projects, according to analysts. ...

Hor Kimsay
http://www.phnompenhpost.com/business/construction-industry-cooling-down-analysts

ILO warns of Brexit threat to garments

Cambodia’s critical garment export sector could face major risks in both the short and long term from the U.K.’s surprise vote last year to exit the E.U., the International Labor Organization (ILO) has warned. ...

Zsombor Peter
https://www.cambodiadaily.com/business/ilo-warns-of-brexit-threatto-garments-123535/

Japanese investment in light industry desired

Cambodia hopes to see Japanese investment in the light industry sector, which will help develop the kingdom’s labor force. Minister of Commerce Pan Sorasak, in a meeting last week with Japanese Ambassador to Cambodia Hidehisa Horinouchi, asked Japan to consider investing in the light industry sector. ...

Chea Vannak
http://www.khmertimeskh.com/news/34342/japanese-investment-in-light-industry-desired/

Chinese top Angkor Wat

Most of the foreign tourists who visited the UNESCO World Heritage-listed Angkor Archaeological Park last year hailed from China, the Angkor Institute said yesterday. ...

Chea Vannak
http://www.khmertimeskh.com/news/34172/chinese-top-angkor-wat/

Affordable housing for all

Affordable houses for low-income earners and state workers will go on sale within two  weeks after a groundbreaking ceremony on Saturday. The project, aimed at the lower middle class, low-income earners and state workers, will be restricted at first to low-income civil servants, said building contractor ...

Sok Chan
http://www.khmertimeskh.com/news/34013/affordable-housing-for-all/

Cambodia’s property market continues to trend upwards, evolve

2015 saw a spike in foreign direct investment (FDI), and the property sector was a big benefactor of these investments both in terms of headline investments in new development projects, and also from foreign individuals investing in one or numerous condos, SoHo units or strata ...

Post Staff
http://www.phnompenhpost.com/post-property/cambodias-property-market-continues-trend-upwards-evolve

Skilled workers and infrastructure needed

Cambodia needs about $12 billion over a 10-year period to invest in the development of a skilled workforce and improved infrastructure in order to meet the goals of its Industrial Development Policy (IDP), Commerce Minister Pan Sorasak said recently. ...

Post Staff
http://www.phnompenhpost.com/business/skilled-workers-and-infrastructure-needed

Mega construction supply center

A Chinese company will spend roughly $60 million to build a construction supply center on the outskirts of Phnom Penh after finalizing a land leasing agreement with the Phnom Penh Autonomous Port (PPAP) on Friday. Yunnan Sengmao Investment will build the aptly named Construction Material Supplies ...

May Kunmakara
http://www.khmertimeskh.com/news/33862/mega-construction-supply-center/

900,000 Chinese tourists in 2016

Cambodia last year recorded around 900,000 Chinese tourist arrivals and the kingdom is on track by 2020 to host about seven million foreign tourists, with two million of them coming from mainland China, according to the Tourism Ministry yesterday. ...

Chea Vannak
http://www.khmertimeskh.com/news/33864/900-000-chinese-tourists-in-2016/

Amid building boom, safety left dangling

Sroeun, 43, a former rice farmer from Kandal province, said he was sure there had never been any accidents at his construction site.​ “Small things happen. Scratches on our hands,” he said, declining to give his full name as a supervisor stood nearby during a break ...

Aisha Down
https://www.cambodiadaily.com/news/amid-building-boom-safety-left-dangling-122063/

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