Industries

China is the top-ranking foreign investor in the construction and property sectors in Cambodia, with South Korea and Japan coming second and third, according to a new government report.   ...

Unilever is looking to source 2,000 tons of organic palm sugar a year from Cambodia, a senior manager said yesterday. Monica Soy, senior external affairs manager at Unilever Cambodia, told Khmer Times yesterday that Unilever requires about 2,000 tons a year, to be exported from Cambodia ...

The Ministry of Labor is preparing to enact regulations that would provide some amount of monetary relief to workers left in the lurch by factory owners who flee the country. The widespread practice has led to a number of months-long protests as more and more factory ...

The Tourism Ministry on Monday released a joint statement with relevant stakeholders in the tourism sector to support and promote ecotourism and community-based tourism in Cambodia. Tourism Minister Thong Khon said at a tourism conference that ecotourism and community-based tourism were growing regionally and globally with ...

The Ministry of Tourism is preparing a draft law for eco-tourism with the hope that it will keep Cambodia’s tourism industry competitive while protecting the Kingdom’s natural resources and promoting conservation efforts. ...

A $20 million resort being developed on Krabey Island off the coast from Sihanoukville is about 70 percent complete and will open on schedule in mid-2017, according the Ministry of Tourism. Tourism Minister Thong Khon told Khmer Times that the island development was progressing as planned, ...

Jimei International Entertainment Group, a Hong Kong-listed casino junket investor that promotes at least seven gaming tables in NagaWorld casino in Phnom Penh, reported a steep decline in profit during the first half of 2016 despite increased turnover. ...

Cracks are beginning to appear in Phnom Penh’s property market following news this week that Singapore developer TEHO International has placed its troubled, $500 million upscale real estate project on hold. Citing an “unfavourable macro-economic outlook” in Phnom Penh’s condo sector, the Singapore-listed firm blamed poor ...

The Singaporean developer behind The Bay, a $500 million mixed-use real estate project on the capital’s Chroy Changvar peninsula, has announced it is putting the residential phase of the project on hold due to unfavourable market conditions – a move that could herald the first ...

Since the start of the year, department authorities at the Ministry of Interior have arrested more than 10,000 illegal workers, with the bulk of them being construction workers. However, industry experts and investors are split on the opinions that the arrest will impinge on the ...

After a surge in property-related events by various real estate developers at Aeon Mall’s Daylight Plaza, the centre’s management team is now holding off on requests from developers. ...

Condos and boreys have been experiencing a decline in sales, prompting developers to go back to the drawing board when devising financing strategies in a bid to lure back potential buyers. Nget Piseth, director assistant of Borey Piphup Thmey, said recently that residential sales in his ...

The completion of three new office buildings in Phnom Penh in the first half of this year has marginally boosted the city’s office space supply, according to the latest sector report by Knight Frank Cambodia. ...

Land prices in the capital’s Sen Sok and Tuol Kork districts saw a slight decrease in the second quarter relative to the year’s first quarter, which was blamed on a stagnant property market from earlier this year. ...

Real estate developer Shukaku Inc has inked a memorandum of understanding (MoU) with education and training-focused NGO Don Bosco Foundation, worth more than $69,000. Under the MoU, Shukaku would sponsor 20, two-year scholarships for Don Bosco students as well as develop a brand-new computer lab. ...

Following an unusually high number of drownings in coastal areas in the past month, the Ministry of Tourism has instructed the tourism departments in coastal provinces to continue to collaborate with relevant authorities to ensure safety, public order and cleanliness. A statement released by Minister of ...

Political uncertainty in Cambodia has forced the garment and footwear industry to look to alternative countries to meet production needs, forcing more than 70 factories to close and a sharp drop in orders, a senior official from the Garment Manufacturers Association in Cambodia (GMAC) said ...

Investors in Cambodia’s garment industry are increasingly purchasing modern equipment as they look to produce higher value-added products to compete in the international market and counter rising labour costs, an industry insider said yesterday. ...

A workers’ strike escalated on Monday at Sihanoukville’s Angkor Beer-producing Cambrew factory, protesters said, with the company acknowledging that the work stoppage was causing major disruptions. ...

The Apsara Authority has called on tourists playing Pokémon Go to be careful when playing in the Angkor Archaeological Park and to respect all signs in the temples. Due to concerns over potential accidents happening to those playing the game, the Apsara Authority issued a statement ...

Despite steady sales of silk products in the Kingdom, the combination of a lack of skilled labor and cheap imports are adding extra stress to Cambodia’s already beleaguered domestic production, say officials and industry experts. ...

Vietnamese budget airline VietJet will re-launch flights to Cambodia at the end of October following a six-month halt in the service due to unspecified market issues, an aviation official said yesterday. ...

The NagaCity Walk, a $94 million subterranean shopping centre in Phnom Penh aimed at high-rolling tourists visiting the adjacent NagaWorld casino and hotel complex, held its soft opening yesterday, with duty-free luxury goods ranging from affordable tobacco, perfumes and designer watches to a $3,400 bottle ...

Cambodia plans to attract up to 300,000 Japanese tourists to the Kingdom by 2020, as direct flights connect Phnom Penh with Tokyo early next month, Minister of Tourism Thong Khon announced yesterday. ...