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Kang Sothear

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Chinese Squeeze Out Tour Groups in Siem Reap

Japanese and Korean tourists are being turned away from hotels in Siem Reap City due to an increase in bookings by Chinese visitors, Tourism Minister Thong Khon said on Wednesday.

Amid Tourism Boom, Luxury Market Beckons

Retailers at Cambodia’s biennial tourism exhibition brimmed with optimism Wednesday, certain that a luxury hospitality sector is on the cusp of a boom, while tourism operators announced a new federation to smooth the road ahead.

Commerce Minister Promotes Investment

Commerce Minister Sun Chanthol closed the two-day International Business Chamber conference in Phnom Penh on Tuesday with an impassioned speech imploring the international business community to invest in the country’s rapidly growing economy.

Taekwondo Gold Medalist Returns to Hero’s Welcome

Cambodian taekwondo champion Sorn Seavmey received a hero’s welcome when she returned home to Phnom Penh from South Korea on Sunday night with her country’s first ever Asian Games gold medal.

Cows, Goats Donated to Muslims for Festival

Some 50 local and international Islamic organizations donated more than 6,000 cows and goats to Muslim families in Cambodia to celebrate this year’s religious festival of Eid al-Adha, which took place on Friday evening, according to Zakaryya Adam, vice president of the Cambodian Muslim Development Foundation.

Outstanding Credit Could Reach $30B by 2020

The total amount of loans in Cambodia’s banking sector could rise to $30 billion by 2020, according to a report released today by Mekong Strategic Partners, a new investment and advisory fund.

In Rice Sector, Skills to Blame for Low Yields

A lack of skills and knowledge among farmers is to blame for the underdevelopment of Cambodia’s rice sector, as growers are unfamiliar with commercial farming methods that produce higher yields, according to a study released by the Asian Development Bank on Thursday.

Lack of Construction Regulations a Concern

Cambodia is experiencing a runaway property boom that must be constrained by laws and regulations in order to draw investment from European developers, which are largely absent in the country, experts said at an industry conference in Phnom Penh on Wednesday.

Tonle Sap Boat Owners End Protest in Siem Reap

A group of about 40 boat owners in Siem Reap province who have been protesting this week against the company that holds a contract to manage boats on the Tonle Sap lake ended their protest Friday after the company agreed to drop the price it charges per customer, according to a local official.

Central Bank To Take Deposits From Lenders

Cambodia’s central bank will accept fixed-term deposits from local lenders, allowing them to earn interest on surplus cash while managing the country’s money supply, the National Bank of Cambodia said in a statement last week.

Raids in Siem Reap Net Thirty Drug Users

A joint force of police, military police and judicial officials arrested 30 drug users in a series of busts in Siem Reap province last week, the provincial governor said Wednesday.

Sinn Sisamouth’s Son Closer to Song Rights

The Ministry of Commerce on Monday said it was preparing to send a report to Prime Minister Hun Sen requesting that the son of legendary crooner Sinn Sisamouth be given the exclusive right to distribute 73 of his late father’s songs.

Wartime Bullets Found in Kandal Province

Construction workers and police in Kandal province’s Kien Svay district on Thursday discovered on a jobsite three boxes of ammunition believed to be left over from fighting in the 1970s, police and a company representative said.

Proposed Vietnamese Law a Threat to Cambodia’s Casinos

Cambodia’s foreigner-dependent gaming industry could come under threat if Vietnam passes a law allowing its citizens to gamble in their home country, an official at the Ministry of Economy and Finance said Wednesday.

CSX Moves From Canadia Tower to New Building

The Cambodia Securities Exchange last week made its long awaited move from the 25th floor of Phnom Penh’s Canadia Tower to its new home in a $4-million French colonial-era building on Street 106.

Competitions to Show Talent at Hospitality Exposition

Workers in Cambodia’s service sector, whose ranks have ballooned over the past year, will be put to the test next month as Cambodia’s Tourism Federation hosts a range of competitions at the Camfood Camhotel 2014 trade show in Phnom Penh.

China’s Rice Market up for Grabs Due to ‘Unsuitable’ Land

China’s contaminated agriculture sector and robust demand for rice has created a potentially lucrative opportunity for Cambodian ex­porters if they can better promote their produce to compete with re­gional rivals, experts said at a workshop on rice markets in Phnom Penh on Thursday.

As Banking Sector Booms, Overbanking Looms

Last month, Cambodia’s nascent yet rapidly expanding banking sector saw the new arrival of Phillip Bank through the acquisition of Hwang DBS Commercial Bank by Singapore’s Philip Capital in a $40 million deal.

Rice Farmers Ink Deal to Export to Europe and US

More than 1,000 organic rice farmers in Preah Vihear province Monday signed a contract to produce roughly 2,500 tons of jasmine paddy for the local Amru Rice company for eventual export to Europe and the U.S.

Hun Sen Gives Motos, Cash, Computers to ‘A’ Students

Prime Minister Hun Sen on Friday invited the 11 students who achieved an A grade in last month’s national exam to the Peace Palace, where he promised each of them thousands of dollars worth of gifts.