News

Cambodian Prime Minister Hun Sen expects the country to welcome 8 million foreign visitors by 2020. Talking to local media, the PM said the country was on track to achieve the ambitious target by 2020. The largest sources of tourists to Cambodia are Vietnam, China, South ...

Singaporean bakery chain BreadTalk will open up in two locations in Phnom Penh this July, the bakery’s franchisee confirmed yesterday. Ly Daline, CEO of Cham & Ly Corporation, whose company will run BreadTalk in Phnom Penh, said a rising middle class means changes in consumer ...

The number of Cambodia’s outbound travelers increased by 10 percent year-on-year to 871,000 last year, a report of the Ministry of Tourism showed Tuesday. Ang Kim Eang, president of Cambodia Association of Travel Agents, which represents about 220 tour and travel companies, said most of Cambodian ...

Cambodia’s Defence Minister Tea Banh insists neither Cambodian armed men nor soldiers had entered Thailand to carry out violence in Thailand during the political crisis. Defence Ministry spokesman Phapathip Sawangsaeng yesterday said Gen Tea Banh made his remark during a meeting with caretaker Defence Minister Yuthasak ...

Cambodia suffers from severe annual flooding, and many people who can’t swim die every year as a result. An innovative solution to the generations-old problem may have been found, not by policy hacks or scientists, but by children. A group of 11-year-olds from Cambodia’s one-of-a-kind Liger ...

Cambodian Defence Minister Tea Banh has categorically denied a report that Cambodian troops have been sent into Thailand to stir trouble in areas where the People’s Democratic Reform Committee is staging anti-government protests. Defence spokesman Col Paphathip Sawangsaeng said Gen Tea Banh made the denial to ...

Singaporean investment firm Oxley Holdings has teamed up with Cambodian property company to develop a two-storey mixed-use project in Phnom Penh. Oxley Holdings will invest USD300 million to construct the The Bridge, which is set to comprise 700 residential apartments, in addition to 900 commercial units ...

Cambodia has seen a 34 percent rise in dry rubber export last year thanks to rising demand globally, the figures of the Ministry of Commerce showed Thursday. The country had exported 74,200 tones of dry rubber last year, up 34 percent from 55,344 tones in a ...

Phnom Penh’s growing importance as a business destination has brought with it many opportunities and infused the market with a growing sense of ambition. Few developments embody this new ambition better than Vattanac Capital Tower, which will throw open its doors this spring. “Cambodia’s seen nothing ...

A pilot scheme sending 400 Cambodian maids to Singapore has made a spluttering start, according to local media reports, with agencies in Singapore reportedly growing frustrated at the slow pace of maid arrivals and “sceptical” about the reliability of Cambodia as a source. Only about 100 ...

Against the backdrop of high electricity costs and energy imports, Cambodian businesses could save millions of dollars annually by implementing energy-efficient business practices, insiders said yesterday. “It is clear that energy efficiency has multiple benefits, not only to the tourism sector but also other economic sectors ...

For the first semester of 2013, Cambodia attracted 879, 782 tourist arrivals from ASEAN region, plus 23.5 per cent if compared in the same period of last year, a report from tourism ministry obtained on Tuesday said.  The figure of tourist arrivals from ASEAN for the ...

Cambodia imported 1.31 billion tonnes of oil in the first 10 months of this year, a 2.2 per cent slide compared to 1.34 billion tonnes in the same period last year, according to data from the Ministry of Commerce. Industry experts said the drop did not ...

Malaysian financial services group Hwang-DBS Bhd is selling its eponymous bank in Cambodia for $40 million, the company has announced on the Bursa Malaysia. The sale is to Phillip MFIs Pte Ltd, a member of the Singapore-based PhillipCapital Group. PhillipCapital has an existing presence in ...

Even as political instability led to a drop in Phnom Penh’s housing market over the last few months, construction and sales of De Castle Royal steamed ahead in the third quarter. Now fully over the fallout from the 2008 global financial crisis, a recent $28 million ...

Mong Reththy Group is co-investing $2 million to build a factory in Preah Sihanouk province for the packaging and export of Cambodian mangoes, the first company to formally ship the fruit overseas. Located in Koe Phos commune, the factory will cover 12 hectares of land and ...

In one corner of the cavernous training centre, a woman patiently strips the baby blue sheets off a queen-size bed, removing the flower-patterned pillowcases and folding them neatly to one side. Under the watchful eye of an instructor, she then remakes the bed, carefully fluffing the ...

Singapore’s Prime Minister Lee Hsien Loong says much work is still needed to establish the ASEAN Economic Community (AEC), a single market for trade and development in 2015. Lee, head of the most advanced economy in the 10-member Association of Southeast Asian Nations, or ASEAN, ...

At 5am, without any alarm clock going off, a dozen Cambodian maids wake up with near-military precision. Over the next hour, the women sweep, wash and scrub spotless their two-storey training centre in the Cambodian capital Phnom Penh. They all want to be maids in Singapore, eager ...

There were 509,050 Cambodians traveling abroad in the first seven months of 2013, an increase of 11.9 percent compared to the 455,017 travelers over the same period last year, according to a report by the Ministry of Tourism. Most of them visited Thailand, Vietnam, Singapore, Malaysia ...

An investment company owned by the Singaporean government is a minority partner in a fully licensed commercial bank set to open later this month in cooperation with Canadia Bank PLC and the country’s postal service, a source familiar with the deal confirmed Tuesday. Fullerton Financial Holdings, ...

Some of these ASEAN economies are not like the others. Singapore is 80 times richer than Myanmar and its population lives 20 years longer than Cambodia’s, while Myanmar ranks 50 places behind Cambodia in terms of global competitiveness, according to a wide-ranging analysis from the World ...

Cambodia has imported 871,000 tons of petroleum in the first six months of the year, a 5.6 percent decline compared with the 922,800 tons at the same period last year, the figures of the Ministry of Commerce showed Monday. During the January-June period this year, the ...

Beer, whisky and strong, home-brewed moonshine have long been Cambodians’ favorite tipples, but with an ever-growing middle class, tastes are changing and if you’re part of the new elite, it is increasingly important to know your Pinot Gris from your Pinot Noir. To help enhance one’s ...