News
70 percent of hotels, guesthouses in Cambodia reopen after COVID-19 wanes
Some 70 percent of hotels and guesthouses in Cambodia have resumed their operations after the COVID-19 pandemic has waned, the Ministry of Tourism said in a report on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501141325/70-percent-of-hotels-guesthouses-in-cambodia-reopen-after-covid-19-wanes/
Pan Pacific plans two hotels in 2023
As Cambodia and the rest of the world move to revive tourism, Pan Pacific Hotels Group (PPHG), a member of Singapore-listed UOL Group Ltd, plans to open two developments in the Kingdom over October-December 2023, in Phnom Penh and Siem Reap. ...
May Kunmakara
https://www.phnompenhpost.com/business/pan-pacific-plans-two-hotels-2023
NagaCorp rolls dice on $15 million VIP terminal
A private VIP terminal costing $15 million is being planned at Phnom Penh International Airport by NagaCorp, which hopes that once it is ready – likely by early next year – high-rollers would flock to its casino and double their spending to $8 billion. NagaWorld, the ...
Sihanoukville land prices largely flat
Land prices in Preah Siahnouk province have risen slightly, by 5 to 10 per cent in early 2013, despite increasing numbers of tourists who have visited Cambodia and travelled to the province. Cheng Kheng, director of the CPL real estate company and president of Cambodian Valuers ...
http://www.phnompenhpost.com/2013031461949/Real-Estate/sihanoukville-land-prices-largely-flat.html
Siem Reap Power Cut Hurts Tourism Industry
Three days after it went out, power had yet to be restored to large parts of Siem Reap province yesterday, badly impacting local businesses in the popular tourist hub of Siem Reap City and seeing a rush of people to buy generators. The power failure followed ...
Cambodian poor pushed out of their homes by developers
A mother of four, with the youngest on her hip, said she was not impressed by the palatial government buildings where Cambodia’s Prime Minister Hun Sen and his Council of Ministers have their offices. Her own home is a wood-and-tin shack now partially buried under the ...
http://www.nationmultimedia.com/aec/Cambodian-poor-pushed-out-of-their-homes-by-develo-30200729.html
Taiwan-Cambodia flight delay affects hundreds
Cambodia’s Tonlesap Airlines said Saturday that one of its scheduled flights from Taiwan to the Cambodian city of Siem Reap that day would be further delayed due to an engine failure, further enraging 167 already angry passengers who had been waiting for hours for their ...
Scrutiny over hotel service fees in Cambodia
Major hotels are under the microscope after a labour rights group found that some have been failing to pass their entire service charge on to their staff, a violation of the Labour Law. Dave Welsh, country manager of the American Center for International Labor Solidarity(ACILS), said yesterday ...
Ambition Trumps Reality in Investment Figures
Since 2008, a whopping $28 billion worth of investments has been pledged by local and international firms looking to set up luxury hotels, a new airport and even Cambodia’s first horse racing venue. But a closer look at the list of investments approved by the Cambodian ...
http://www.cambodiadaily.com/business/ambition-trumps-reality-in-investment-figures-9387/
Value of construction in Cambodia skyrockets
The amount of money spent on construction in Cambodia soared by 72 per cent in 2012 compared to 2011, according to data from the Ministry of Land Management, Urban Planning and Construction. The ministry said it had issued 1,694 construction patents covering 6.5 million square metres ...
Real Estate Market Showing Signs of Recovery
Land prices in Cambodia continued to recover in the last half of 2012, especially in urban areas, following a collapse of the market in 2008, real estate investors say. Keuk Narin, vice president of Asia Real Estate Cambodia, told VOA Khmer that commercial land prices ...
http://www.voacambodia.com/content/real-estate-market-showing-signs-of-recovery/1580588.html
Siem Reap sees strong gains
Commercial property prices and rents in Siem Reap have increased by 10 to 20 per cent in the last year, according to the town’s newest real estate agency. Cambodia Properties Limited (CPL) opened its first Siem Reap branch three months ago, recognising a need for sound ...
http://www.phnompenhpost.com/Real-Estate/siem-reap-sees-strong-gains.html
‘Guards are more than farmers in uniform’
Located in a humble, barrack-like building with small offices that are still under construction, Global Security Solutions enjoys the proximity to its biggest customer: Toll Royal Railways. The company not only provides security for embassies, but for petrochemical companies, hotels and airlines as well. Since the ...
http://www.phnompenhpost.com/2013010860663/Business/guards-are-more-than-farmers-in-uniform.html
Hun Sen Asks Companies to Invest in Private Fire Trucks, Again
Prime Minister Hun Sen yesterday appealed to the private sector for the second time to invest in fire trucks instead of depending on the government’s fire departments. “Please try to do two jobs. The first is to get the fire sprinkler systems into the factory ...
Siem Reap hotels oversupplied
Potential real estate investors in Siem Reap are being advised to look towards retail strips rather than hotels, according to Cambodian real estate professionals. Knight Frank’s Cambodia chief, Sunny Soo, said that while the hotel industry is well supplied, the town lacks an organised retail strip. ...
http://www.phnompenhpost.com/Real-Estate/siem-reap-hotels-oversupplied.html
Kampong Chhnang prices on the rise
Real estate prices in Kampong Chhang province have increased by around 10 per cent over the last 12 months, according to experts. Dith Chana, general manager of VMC Real Estate Cambodia, said that Kampong Chhnang is only 91 kilometres from Phnom Penh, but the development of ...
http://www.phnompenhpost.com/index.php/Real-Estate/kampong-chhnang-prices-on-the-rise.html
1 in 20 Firms Carry Out Environment Assessments
Only about 5 percent of the roughly 2,000 major development projects, such as dams, roads and bridges, approved by the government between 2004 and 2011 carried out environmental impact assessments, an official at the ministry of Environment said yesterday. Speaking at a workshop in Phnom Penh ...
Simon Lewis and Khuon Narim, P.1
http://www.cambodiadaily.com
Top Hotels Fully Booked Ahead of East Asia, Asean Summits
Visitors hoping to stay in Phnom Penh’s top hotels in the coming days will have to seek shelter elsewhere, as the city’s most sought after rooms are booked solid for the East Asia and Asean summits, hoteliers said yesterday. “We are completely full during the ...
Construction Investment – Cambodia
Construction investment rises sharply Investment in construction in the Kingdom during the first nine months of this year rose 83.6 per cent, according to data from Ministry of Land Management Urban Planning and Construction last week. The data showed that during the first nine months of ...
http://www.cbre.com.kh/2012/11/construction-investment-cambodia/
Growth in hotel industry
The hotel industry in Cambodia is growing but still sees room for improvements, industry experts said at the Cambodia Hotel General Managers Summit in Phnom Penh yesterday. In terms of revenue and the number of players, the hotel and restaurant industry has an overall growth rate ...
http://www.phnompenhpost.com/index.php/2012101159242/Business/growth-in-hotel-industry.html
Mittapheap Hotel on track
The five-star, 17-story Mittapheap Hotel in Sihanoukville province, being constructed by Khouch Asia Company, is on track to be completed in 2014 as planned, according to the project manager. The company is aggressively developing the project and the first floor has just been completed. The numbers of ...
http://www.phnompenhpost.com/index.php/Real-Estate/mittapheap-hotel-on-track-in-sihanoukville.html
Investment in Cambodia's construction up 85 pct in 7 months
Construction sector had attracted the investment of $1.38 billion in the first seven months of 2012, a 85 percent rise from $747 million at the same period last year, a report from the ministry of land management, urban planning and construction showed on Monday. During the ...
Hun Sen Asks Businesses to Serve Local Foods
Prime Minister Hun Sen yesterday reiterated comments made by government officials Tuesday that government institutions, hotels and restaurants should begin serving local cuisine and produce to generate more cash flow in the tourism sector. ...
Tourism Revenues Rise; Firms Urged to Buy Locally
Revenues from the tourism sector increased 7 percent to $1.91 billion in 2011, though more could be made if hotels sourced more goods from local producers instead of importing from abroad, Tourism Minister Thong Khon said yesterday. Speaking at a conference in Phnom Penh, Mr. Khon ...