Industries

Cambodia sees rise in trade with U.S.

Bilateral trade between Cambodia and the United States was valued at 3.17 billion U.S. dollars in 2014, a 5 percent rise from 3.01 billion U.S. dollars in 2013, the figures of the U.S. Department of Commerce showed Friday. ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2015-02/06/c_133975310.htm

NagaWorld posts $136M profit

On the back of a quest for high-rolling Chinese clients, NagaWorld’s gross gaming revenue soared 17 per cent in 2014, although profits were slightly down due to rising costs and lower profit margins from VIP customers. Gross gaming revenue clocked in at $381.4 million for 2014, ...

Charles Rollet
http://www.phnompenhpost.com/business/nagaworld-posts-136m-profit

Cambodia earns $3bn from tourism

Cambodian Prime Minister Hun Sen announced Wednesday that his country earned US$3 billion (97 billion baht) last year from the booming tourism sector. ...

Bangkok Post News Staff
http://www.bangkokpost.com/news/asean/466294/cambodia-earns-3bn-from-tourism-in-2014

Group behind banned festival tries soft touch

After music festival kaZantip was banned on Monday by Cambodian officials, organisers say they are mounting a campaign to change hearts and minds. Kharchenko said the festival team would be sending “presentations” to all interested Cambodian officials to demonstrate how “we really love Cambodia and ...

Charles Rollet
http://www.phnompenhpost.com/national/group-behind-banned-festival-tries-soft-touch

Tourist rushed to Bangkok after falling from Siem Reap temple

A Chinese tourist visiting Angkor Wat was rushed to a Bangkok hospital on Saturday after falling off a staircase at the temple complex in Siem Reap City while taking photos of the iconic monument, officials said Monday. Chau Sun Kerya, spokeswoman for the Apsara Authority—the government ...

Ouch Sony
https://www.cambodiadaily.com/news/tourist-rushed-to-bangkok-after-falling-from-siem-reap-temple-77247/

Aus firm buys Poipet casino

Australian-listed firm Donaco International, which currently has operations in Vietnam, has confirmed it is entering Cambodia’s already-crowded casino and gaming industry. The company announced on Friday that it had entered into an acquisition agreement to purchase the Star Vegas Resort and Club casino in Cambodia’s Poipet ...

Chan Muyhong
http://www.phnompenhpost.com/business/aus-firm-buys-poipet-casino

Growth in tourist arrivals slows to 5-year low

Growth in tourist arrivals slowed down last year to the lowest rate since the global financial crisis, according to preliminary figures provided by the Ministry of Tourism on Monday. The number of visitors arriving by all modes of transport reached 4.5 million last year, up just ...

George Styllis and Kang Sothear
https://www.cambodiadaily.com/business/growth-in-tourist-arrivals-slows-to-5-year-low-76755/

Bail granted to suspects in specious coffee case

Two men accused of peddling fake and potentially dangerous coffee from a handicraft factory in Phnom Penh were released on Friday after posting bail. ...

Pech Sotheary
http://www.phnompenhpost.com/national/bail-granted-suspects-specious-coffee-case

Military police thwart container truck heist in Kompong Speu

Military police in Kompong Speu province on Friday arrested eight men for attempting to rob a parked container truck full of undergarments from a Phnom Penh factory, but released six of the suspects the same day, officials said Sunday. Hong Vinol, director of the military ...

Hay Pisey
https://www.cambodiadaily.com/news/military-police-thwart-container-truck-heist-in-kompong-speu-76673/

Majority want booze regulations: survey

An overwhelming 96 per cent of Cambodians want the government to take measures to reduce alcohol consumption, a Royal University of Phnom Penh survey has found. The survey released yesterday of 2,104 adults in four provinces also found 93 per cent want the government to ban ...

Chhay Channyda
http://www.phnompenhpost.com/post-weekend/majority-want-booze-regulations-survey

Heineken caught up in distributor rumble

Two Cambodian alcohol heavyweights, Attwood Import Export Co Limited and Cambodia Brewery Limited, are embroiled in a dispute over the rights to distribute Heineken beer in the Kingdom. Attwood owns the rights to distribute Johnnie Walker whiskey and Hennessy cognac, among others, while the most well-known ...

Chan Muyhong and Charles Rollet
http://www.phnompenhpost.com/business/heineken-caught-distributor-rumble

Lottery firm hopes that second bet is a charm

Malaysian-backed 5D Pan Cambodian Lottery yesterday announced an official return to operations after a failed start-up in the Kingdom five years earlier. The company, who first announced in 2010 that it would start business in Cambodia, declined to detail yesterday why it did not get off ...

Hor Kimsay
http://www.phnompenhpost.com/business/lottery-firm-hopes-second-bet-charm

Community members granted control of Tonle Bati

Takeo provincial authorities have put the Tonle Bati Resort, in the province’s Bati district, under the management of the local community after stripping the private company that had been in charge of the rural retreat of its license for failing to develop it. ...

Ouch Sony
https://www.cambodiadaily.com/news/community-members-granted-control-of-tonle-bati-76466/

Four arrested in raid targeting fake coffee

Police have warned coffee lovers there could be a couple of bad batches circulating and percolating in Phnom Penh after a raid on a fake coffee enterprise in Sen Sok district’s Khmuonh commune yesterday. Officers arrested four men during the joint operation in Banlar Sa Et ...

Pech Sotheary
http://www.phnompenhpost.com/national/four-arrested-raid-targeting-fake-coffee

Angkor’s air to undergo examination

Many visit Siem Reap province’s Angkorian-era temples for the views and the atmosphere, but the Apsara Authority wants to find out if that atmosphere is toxic. ...

Sean Teehan
http://www.phnompenhpost.com/national/angkors-air-undergo-examination

Faintings up: Union report

About 1,800 people fainted at work in 2014, roughly 1,000 more than the previous year, according to Cambodian Labour Confederation (CLC) statistics surveying multiple industries in the Kingdom. Work-related deaths fell from about 96 in 2013 to 73 in 2014, while issues such as arrests and ...

Sean Teehan and Mom Kunthear
http://www.phnompenhpost.com/national/faintings-union-report

Sokimex closes down hotel on Norodom Boulevard

The Sokha Hotel on Norodom Boul­evard in Phnom Penh has closed down and will be converted into office space for the hotel’s parent company, local conglomerate Sokimex, Sokimex CEO Sok Kong said Friday. ...

Khuon Narim
https://www.cambodiadaily.com/news/sokimex-closes-down-hotel-on-norodom-boulevard-76347/

Beer promoters see change

A vigorous labour-rights movement outside factories has been paramount in the government essentially doubling the minimum garment wage over the past three years. Sar Mora, president of Cambodian Food and Service Workers Federation (CFSWF), said yesterday that the high-profile push for garment wage increases has ...

Shane Worrell and Mom Kunthear
http://www.phnompenhpost.com/national/beer-promoters-see-change

Garment factory’s concessions end strike

About 1,000 workers at a Takeo province garment factory who have been on strike since Monday are due to return to work today after negotiations between union representatives and the factory wrapped up successfully Tuesday. ...

Ben Sokhean
https://www.cambodiadaily.com/business/garment-factorys-concessions-end-strike-76061/

Dewhirst management ‘intimidated’ workers

Management of an English-owned garment factory yesterday refused a request by union officials to meet to negotiate a possible end of a strike that started on Thursday. ...

Mom Kunthear
http://www.phnompenhpost.com/national/dewhirst-management-intimidated-workers

Construction on two condominiums to begin in Q1

Cambodia’s growing condominium sector shows no signs of slowing down, with construction on two new condominiums set to begin in the first quarter of this year. According to real estate firm CB Richard Ellis’ December market view report, released Wednesday, work will begin on Sky Villa ...

George Styllis
https://www.cambodiadaily.com/business/construction-on-two-condominiums-to-begin-in-q1-75719/

Angkor park authority says $9M lease fee ‘not gone’

The Apsara Authority admitted Thursday that millions of dollars it received in exchange for land leased to businessman Sok Kong for a hotel near Angkor Archaeological Park have not been paid to the Finance Ministry due to “a technical problem with accounting.” CNRP lawmaker Son Chhay ...

Hul Reaksmey
https://www.cambodiadaily.com/news/angkor-park-authority-says-9m-lease-fee-not-gone-75694/

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