News

Kampot land prices stable

Property experts said the land prices in Kampot province have been “stable” in early 2013 despite trading more actively than last year. Nuon Rithy, managing director at the Bonna Realty Group, said the trading of land in Kampot province is quiet and nothing changes much because ...

http://www.phnompenhpost.com/2013022861646/Real-Estate/kampot-land-prices-stable.html

Nakorn plans to invest $30mln in hotel in Phnom Penh

Pharmaceutical giant Thai Nakorn Patana plans to invest $30 million over the next two years in a three- to four-star hotel in Phnom Penh, as it hopes to cash in on the lack of big names in the capital’s mid-tier hotels market. For the new 200-room ...

http://www.phnompenhpost.com/2013021861426/Business/nakorn-plans-to-invest-30mln-in-hotel-in-phnom-penh.html

Naga Corp Reports 23 Percent Profit Growth

NagaCorp Ltd., the Hong Kong-listed company that runs Phnom Penh’s only licensed casino, saw its profits grow by 23 percent in 2012, the firm said in an announcement. In its financial results for the year, released Wednesday to the Hong Kong stock exchange, the company that ...

http://www.cambodiadaily.com/business/nagacorp-reports-23-percent-profit-growth-9646/

$4m restaurant reflects growing Chinese presence in Cambodia

Old Place Seafood, a Chinese restaurant that cost $4 million, has opened in Phnom Penh. A representative of the restaurant, which is opposite the Chinese embassy, said the growing number of Chinese people in the Kingdom had justified such an investment. Luu Meng, president of the ...

http://www.phnompenhpost.com/2013020561175/Business/4m-restaurant-reflects-growing-chinese-presence-in-cambodia.html

Dara Airport Hotel lands at Ratana Plaza

A new hotel serving the Phnom Penh International Airport opened on July 1 at Ratana Plaza on the left off Russian Boulevard just before Hanoi Road on the way to the airport from central Phnom Penh. The Dara Airport Hotel has 155 rooms with a fifth-floor ...

http://www.phnompenhpost.com/index.php/2012071757451/Business/dara-airport-hotel-lands-at-ratana-plaza.html

Sacked hotel workers headed back to court

A dispute over the sacking of 67 workers from the Angkor Village Hotel and Resort in Siem Reap in August looks set for court again, but a labour rights advocate believes justice is no closer for workers. Dave Welshsaid even if a court again ruled in ...

http://www.phnompenhpost.com/index.php/2012061256745/National-news/sacked-hotel-workers-headed-back-to-court.html

Guesthouses rebut calls for fair prices

Hotel and guesthouse operators have pushed back against government calls to avoid price increases during holidays, claiming group booking, as well as supply and demand, dictated the price of accommodation. Government officials, including Prime Minister Hun Sen, have recently tried to dissuade operators from raising the ...

http://www.phnompenhpost.com/index.php/2012051156102/Business/guesthouses-rebut-calls-for-fair-prices.html

Bokor resort slated to bolster Kampot tourism

Kampot officials are looking to the Bokor Mountain Resort, a US$1 billion project that opens today, to drive tourism growth in the burgeoning seaside destination. The provincial Tourism Department said the number of domestic visitors to Kampot had risen 120 per cent to 338,000 in the ...

http://www.phnompenhpost.com/index.php/2012050355943/Business/bokor-resort-slated-to-bolster-kampot-tourism.html

Hyatt Overtakes Siem Reap’s Hotel de la Paix

Hyatt Hotels Co will open its first hotel in Cambodia next year by rebranding the well-known five-star boutique resort Hotel de la Paix, the company said in a statement on Tuesday. As part of the agreement, KS Hotels and Resorts, a Thai-based firm, will retain full ...

Koh Kong intervention sought

The provincial office of rights group Licadho has called on Koh Kong provincial politicians to help more than 1,000 families being forcibly evicted to make way for a sprawling gambling resort and other development, representative said yesterday. More than 130 families, from three villages in Kiri ...

http://www.phnompenhpost.com/index.php/2012030954950/National-news/koh-kong-intervention-sought.html

Visitors fill hotels in Sihanoukville

Year-end travelers have fully booked Sihanoukville province’s hotels and guesthouses for the first-ever Sea Festival, which is expected to attract thousands of visitors this year, tourism officials said. Tith Chantha, general director at the Ministry of Tourism, confirmed that all hotel and guesthouse rooms were booked ...

http://www.phnompenhpost.com/index.php/2011121253299/Business/visitors-fill-hotels-in-sihanoukville.html

Union makes poisoning claim

More than 70 employees continued to protest in front of a luxury resort in Siem Reap town yesterday, demanding that 18 workers be reinstated after they were allegedly dismissed for attempting to unionise.  Chhey Phi, head of the Angkor Village Resort Workers Union, claimed yesterday ...

http://www.phnompenhpost.com/index.php/2011080550873/National-news/union-makes-poisoning-claim.html

Luxury Projects Set for Olympic Stadium Area

Government approval has been granted to the Overseas Cambodia Investment Corporation (OCIC) for the development of high-end condominiums, a hotel, shopping mall and more on the land surrounding the Olympic Stadium in Phnom Penh. OCIC is in the process of obtaining a 99 year lease ...

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