Industries

Government approves 133-story skyscraper

The government has given final approval for a planned $3 billion, 133-story twin-tower skyscraper that developers claim will be completed by 2018, a spokesman for the Ministry of Land Management said on Monday. ...

Kang Sothear and Ben Paviour
https://www.cambodiadaily.com/news/government-approves-133-story-skyscraper-112063/

Gold tower owner seeks to resolve claims, move on

Gold Tower 42 owner Yon Woo Cambodia is calling on creditors, buyers and lessees of the project to lodge any claims by May 12 to clear outstanding issues and pave the way for moving the development forward. ...

May Kunmakara
http://www.khmertimeskh.com/news/24375/gold-tower-owner-seeks-to-resolve-claims--move-on/

Thailand, Cambodia eye MICE links

Tourism industry executives and government officials from Thailand and Cambodia gathered in Phnom Penh yesterday for a roadshow on the meetings, incentives, conferences and exhibitions (MICE) segment of the tourism industry to find ways to work together to drive new business.   ...

Sum Manet
http://www.khmertimeskh.com/news/24305/thailand--cambodia-eye-mice-links/

More direct China flights pushed

Cambodia has asked China to begin direct flights from southwestern Guizhou province to promote trade and tourism. ...

May Kunmakara
http://www.khmertimeskh.com/news/24263/more-direct-china-flights-pushed/

CAIF hopes to put a dent in used auto market

The independent industry body representing Cambodia’s authorised automobile distributors launched a consumer awareness campaign yesterday aimed at informing the public of the risks of purchasing second-hand cars on the local grey market, which it said reduces government tax revenue while flooding the streets with predominately ...

Kali Kotoski
http://www.phnompenhpost.com/business/caif-hopes-put-dent-used-auto-market

More regulations for foreign construction projects: ministry

Foreign construction companies were warned not to violate Cambodia’s building laws during a meeting yesterday to review a number of projects that had been approved by the government. ...

May Titthara
http://www.khmertimeskh.com/news/24099/more-regulations-for-foreign-construction-projects--ministry/

Construction insurance trails boom

Despite strong growth in investment in the construction sector, investors, builders and developers still largely neglect insurance on projects, industry and government officials say.​ ...

Sum Manet
http://www.khmertimeskh.com/news/24090/construction-insurance-trails-boom/

VIP Jets Ltd. signs for first Bell Helicopter in Cambodia

Bell Helicopter, a Textron Inc. company, announced it has signed a letter of intent with VIP Jets Ltd. for the first Bell 505 Jet Ranger X in Cambodia. This is also the first Bell Helicopter aircraft signed for in Cambodia. ...

Vertical Team
http://www.verticalmag.com/news/article/VIP-Jets-Ltd-signs-for-first-Bell-Helicopter-in-Cambodia

Cause of market fire found as rebuild starts

The reconstruction of the Stung Treng market, which was destroyed in a massive fire that was sparked in a jewelry shop on April 7, started yesterday, according to provincial officials. ...

Mom Kunthear
http://www.khmertimeskh.com/news/23974/cause-of-market-fire-found-as-rebuild-starts/

Chinese-invested giant sugar mill starts operations in Cambodia

Chinese agro firm Rui Feng (Cambodia) International Company began operations at its 360-million-U.S.-dollar sugar production factory here on Tuesday after spending nearly two years for construction.​ ...

Xinhua Team
http://news.xinhuanet.com/english/2016-04/19/c_135293103.htm

Singapore’s HLH Group plans $10 million farm food processing park

Singapore-listed HLH Group Ltd will invest $10 million in an agricultural food processing park, which is due to be fully operational next year, the Singapore Business Review reported yesterday. The 400-hectare park will be in Kampong Speu province’s Oral district, said Kim Koung, an official of ...

Sum Manet
http://www.khmertimeskh.com/news/23911/singapore---s-hlh-group-plans--10-million-farm-food-processing-park/

Tourist numbers surge nationwide over new year

The number of tourists visiting provinces during the four days of Khmer New Year jumped 7.6 percent from last year as infrastructure, transport links and the number of nature resorts rise. ...

Sok Chan
http://www.khmertimeskh.com/news/23912/tourist-numbers-surge-nationwide-over-new-year/

Tourist numbers in Siem Reap up 9 percent

Siem Reap’s Angkor Sangkranti festival this year was a big success with foreign tourist arrivals up almost nine percent to 29,500 over the four-day holiday from last year, the provincial tourism department said. ...

Chea Vannak
http://www.khmertimeskh.com/news/23870/tourist-numbers-in-siem-reap-up-9-percent/

Authorities clear furniture from Sihanoukville beach—again

Outdoor tables and chairs belonging to bars and restaurants on Sihanoukville’s Serendipity Beach were removed by local authorities on Tuesday as part of a campaign to beautify the city’s beaches by ridding them of illegal commercial activity, an official said on Wednesday. ...

Peter Ford and Buth Kimsay
https://www.cambodiadaily.com/news/authorities-clear-furniture-from-sihanoukville-beach-again-111301/

Siem Reap readies for Khmer new year tourist flood

Tourism authorities in Siem Reap are anticipating that more than a million tourists will descend on the temple town for the Angkor Sangkran festival, the country’s biggest cultural attraction over the Khmer New Year holiday. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/siem-reap-readies-khmer-new-year-tourist-flood

Government says Kep water safe; tourists pour back in

After issuing a public health warning earlier this month for Kep province due to an algal bloom in the coastal water, the government on Friday lifted its precautionary ban on swimming, fishing and eating seafood in the province, according to a statement.   ...

Kang Sothear and Hannah Hawkins
https://www.cambodiadaily.com/news/government-says-kep-water-safe-tourists-pour-back-in-111115/

Prince Real Estate plans $300 mil project

China’s Prince Real Estate plans to invest $250-$300 million in a new project on Norodom Blvd. The new project will begin after the completion of the current condominium project which began last year and is due to be finished in 2018. Li Min, president of Prince Real ...

Sum Manet
http://www.khmertimeskh.com/news/23754/prince-real-estate-plans--300-mil-project/

Cambodia mulls visa on arrival for Russians

Cambodia’s Tourism Ministry has requested the government to allow visa on arrival for Russian citizens, The Khmer Times reported on April 6. ...

Alexander Korablinov
https://rbth.com/news/2016/04/06/cambodia-mulls-visa-on-arrival-for-russians_582251

PPSEZ sets timeline for delayed IPO launch

After numerous delays, industrial park operator Phnom Penh Special Economic Zone announced yesterday that it had finalised a timeline for the launch of its upcoming initial public offering, and would kick off a five-day bookbuilding session starting on April 18 and hold a public roadshow ...

Kali Kotoski
http://www.phnompenhpost.com/business/ppsez-sets-timeline-delayed-ipo-launch

Spending big on new year overseas travel

With incomes and the middle class growing, Cambodians are spending even more this year on foreign trips for the Khmer New Year holiday, tour operators said yesterday. ...

Chea Vannak
http://www.khmertimeskh.com/news/23688/spending-big-on-new-year-overseas-travel/

Vinamilk keeps stake in Angkor dairy plant

Vietnamese dairy giant Vinamilk has appointed Angkor Dairy Products Co Ltd as the official distributor of Vinamilk products in Cambodia following the closure of its local representative office last month. ...

Sor Chandara
http://www.phnompenhpost.com/business/vinamilk-keeps-stake-angkor-dairy-plant

Angkor Sankranti brings flood of tourists to Siem Reap

Siem Reap is gearing up for this year’s Angkor Sankranti from April 14 to 16 and hopes to attract more than the almost one million people who visited last year, with hotels and guesthouses already being booked out. Ang Seila, manager of Reserve and Duty at ...

Chea Vannak
http://www.khmertimeskh.com/news/23627/angkor-sankranti-brings-flood-of-tourists-to-siem-reap/

Casino operator’s winning streak continues

Nagacorp Ltd, the Cayman Islands-registered operator of Cambodia’s NagaWorld casino and hotel complex, recorded $153.8 million in gross gaming revenue during the first quarter of 2016, a 35 per cent increase over the same period last year. ...

Cam McGrath
http://www.phnompenhpost.com/business/casino-operators-winning-streak-continues

Plenty of fish, but no buyers

At what should be a boom time ahead of the New Year, seafood vendors in Kampot have full baskets but no buyers as the algae bloom around Kep turns the water bright green and dead fish wash ashore. The government has issued a warning against swimming ...

Chea Vannak
http://www.khmertimeskh.com/news/23571/plenty-of-fish--but-no-buyers/

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