News
Cambodian casinos may be at risk
As Vietnam takes steps towards legalising gambling for its own citizens, analysts warn of a threat to the bottom line at Cambodia’s premiere casino, NagaWorld, whose patronage depends largely on gamblers from neighbouring countries. Local Vietnamese news agency Thanh Nien reported on Tuesday that the Vietnamese ...
Daniel de Carteret and May Kunmakara
http://www.phnompenhpost.com/business/cambodian-casinos-may-be-risk
City poised for shopping mall boom
After spending $30 on clothes, Chan Pheavy sat down for lunch in the food court of Sorya Mall, plunking her shopping bags on the floor beside her. ... “It is very comfortable to do shopping here,” Pheavy, 25, who works for a commercial bank in Phnom ...
Hor Kimsay
http://www.phnompenhpost.com/business/city-poised-shopping-mall-boom
Cambodia, next powerhouse for Asean investors
The success Qatar’s Ooredoo had with being issued a mobile phone licence in Myanmar is an encouraging development for Middle East investors who are looking into the possibility of entering a venture or opening a business in Southeast Asia. ... Let’s take a look at Cambodia. ...
http://www.gulf-times.com/business/191/details/359376/cambodia,-next-powerhouse-for-asean-investors
Special tour packages offered for Cambodia, Vietnam
Asianway Travel company is offering special package tours to traveling professionals called the "mega FAM tour" between Cambodia and Vietnam from July to August, 2013. ... With the best selling packages offered, professionals have a great opportunity to explore and experience the treasures of Cambodia and ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NjViZDNiMjAwYTk
British Minister kicks off SE Asia tour in Cambodia
Britain's Minister of Trade and Investment Lord Green is starting his two week visit to Southeast Asia, to promote opportunities for British businesses, in Cambodia Monday, June 10, 2013. The promotion of British businesses is part of a larger effort to enhance the support available to ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NjM3MDY2YzIyODJ
Cambodia Carrier on Track with New Flights
Cambodia Angkor Air will launch routes to China and the South Korean city of Seoul by August while it eyes additional destinations to Singapore and Malaysia, according to a senior official with the country’s national carrier. ... “Singapore is a hub for Asia, so we have ...
http://www.phnompenhpost.com/2013060466030/Business/cambodia-carrier-on-track-with-new-flights.html
Vietnam Power Failure Hits Phnom Penh
A massive power outage Wednesday in Southern Vietnam brought rolling blackouts that lasted for hours to Ho Chi Minh City, the entire southeastern region of Vietnam and large sections of Phnom Penh. Vietnam’s state-owned Southern Power Corporation said Wednesday that the problem occurred around 2 p.m. ...
http://www.cambodiadaily.com/news/vietnam-power-failure-hits-phnom-penh-26121/
Delta Electronics eyes Cambodia expansion
Delta Electronics (Thailand), one of the world’s leading producers of power supplies and electronic components, plans to expand to Cambodia and Myanmar, the Bangkok Post reported on Wednesday. “There is no indication of a specific timeframe for the expansion, but the company sees these countries . ...
http://www.phnompenhpost.com/2013051065533/Business/delta-electronics-eyes-cambodia-expansion.html
Bids called on Cambodia rail link
The State Railway of Thailand (SRT) will call an e-auction on April 10 on work to renovate damaged tracks connecting Thailand with Cambodia at the Aranyaprathet-Poipet crossing, Transport Minister Chadchat Suttipan said on Tuesday. ... The railway agency estimated the project will cost 2.8 billion baht. ...
http://www.bangkokpost.com/breakingnews/343563/thailand-to-open-bid-to-rebuild-tracks-with-cambodia
Footwear Sector To Have ‘Running Room’
Cambodia’s footwear industry has experienced significant growth over the past five years, with the number of factories doubling, according to data from the Ministry of Commerce. Meanwhile, the International Labour Organisation (ILO) has announced it will monitor and report on footwear factories. As of November, 45 ...
http://www.phnompenhpost.com/2013031361901/Business/footwear-sector-to-have-running-room.html
Bavet prices flat
Land prices in Bavet town in Svay Rieng province have been “stable” despite a great deal of purchasing seen in early 2013, property experts said. ... Nuon Rithy, general manager at the Bonna Realty Group, said there have been lots of land trading in Bavet so ...
http://www.phnompenhpost.com/2013030761788/Real-Estate/bavet-prices-flat.html
Angkor Air forecasts first loss
AFTER finishing in the black every year since its launch in 2009, Cambodia’s flagship airline is forecasting a loss for the first time, in a situation that an industry analyst has described as “not necessarily typical”. Cambodia Angkor Air’s (CAA) loss is projected to span two ...
http://www.phnompenhpost.com/2013030661776/Business/angkor-air-forecasts-first-loss.html
Phnom Penh Port Shifts Focus to Cruise Boats
With a new Chinese-built container port on the Mekong River in Kandal province now operational, the existing port in Phnom Penh is undergoing renovations to shift its focus to the growing number of cruise ships docking in the capital, an official said yesterday. ... Eang Veng ...
Qatar Airways touches down in Cambodia
With the launch of daily scheduled services, Qatar Airways becomes the only Middle Eastern airline flying to the South East Asian nation – and destination number 125 served worldwide. ... Guests gathered at Phonm Penh International Airport in celebration of the new air link, connecting Cambodia ...
Qatar Airways ready to launch daily flights to Cambodia's capital
The Doha-based Qatar Airways will operate its daily flights from Doha to Phnom Penh, the capital of Cambodia, from Tuesday, Cambodia's tourism minister Thong Khon said Monday. "Tomorrow (Tuesday), the airline will launch daily flights from Doha to Phnom Penh via Ho Chi Minh City, Vietnam," ...
Greener Pastures
Market competition resulting from costly domestic rice remains a key factor driving Thai exporters to seek openings in neighbouring countries where the rice trade is more prosperous. ... Exporters say their performance was weak last year, mirroring the country's overall decline in rice exports, which plunged ...
http://www.bangkokpost.com/business/economics/335303/greener-pastures
Southwest border flooded with contraband
The southwestern areas along the Vietnam – Cambodia border are now in their usual busy time of the year, with smuggled goods entering the country with near impunity. Most of the markets in the Mekong Delta are flooded with various contraband products, mostly brought from China ...
http://tuoitrenews.vn/cmlink/tuoitrenews/business/southwest-border-flooded-with-contraband-1.97203
Cambodia Angkor Air expands its international network
For a long time, Cambodia’s national carrier Cambodia Angkor Air (CAA) served only as a feeder carrier to its shareholder Vietnam Airlines. Three lines were then in service on routes linking Phnom Penh to Siem Reap, Phnom Penh-Ho Chi Minh City and finally Siem Reap-HCMC. ...
http://www.traveldailynews.asia/news/article/51485/cambodia-angkor-air-expands-its
Cambodia lacks skilled workforce
Against the backdrop of the slight recovery by world economies, especially the US and Europe, two traditional markets for Cambodia, Asian Development Bank (ADB) deputy country director Peter Brimble sat down with the Post’s group business editor, May Kunmakara, to talk about Cambodia’s economic performance, ...
http://www.phnompenhpost.com/2013011160733/CEO-Talk/cambodia-lacks-skilled-workforce.html
Cambodia's national carrier adds new aircraft, targeting Singapore, China
The national flag carrier, Cambodia Angkor Air (CAA), added a new passenger plane on Sunday in order to expand new flight destinations to countries in the region, said a senior government official. "The new Airbus 321 plane is leased from an Airbus manufacturer in France," Tek ...
http://news.xinhuanet.com/english/world/2013-01/06/c_132083762.htm
Starbucks to open its first outlet in Vietnam
Global coffee-chain giant Starbucks will enter its 12th Asian market next month when it opens an outlet in Vietnam’s Ho Chi Minh City. ... RMA Cambodia CEO Rami Sharaf said the expansion into Vietnam did not automatically mean Starbucks would enter Cambodia. “I don’t think there is ...
Vietnam raises minimum pay
A new decree that increases the minimum wage of workers in Vietnam will not necessarily lead to companies relocating to Cambodia, according to officials. "The Vietnam government has issued [a] decree, which takes effect from January 1, to adjust the minimum wages paid to workers by ...
Qatar Airways to Cambodia
Qatar Airways will add a stop in Phnom Penh on it [sic] Doha-Ho Chi Minh City route, 20 February, while Air France announced it will pull its Phnom Penh service in March. Qatar Airways will operate a daily service between Doha-Phnom Penh via Ho Chi Minh ...
http://www.ttrweekly.com/site/2012/12/qatar-airways-to-cambodia/
Flagship airline gets new planes
National carrier Cambodia Angkor Air (CAA) recently bought a new Airbus 321 from Europe as part of its expansion into international routes to meet a rise in market demand. The CAA also plans to import one more plane early next year. CAA is a joint venture ...
http://www.phnompenhpost.com/2012121760309/Business/flagship-airline-gets-new-planes.html