KRE
Business

Amid Slow Sales, Some Aeon Tenants Leave Mall

Less than 10 months after the $200-million Aeon Mall opened its doors to Phnom Penh’s consumers, at least seven tenants at Cambodia’s largest shopping center have shuttered their businesses, complaining of disappointing foot traffic, construction disturbances and overly thrifty patrons.

April 23, 2015

Ministry to Auction Sand-Dredging Licenses

The Ministry of Mines and Energy will hold an auction next month putting up for sale four licenses to dredge sand along a stretch of the Mekong River, according to a statement posted to the ministry’s website on Tuesday.

April 23, 2015

Krispy Kreme Doughnuts Coming to Cambodia

Krispy Kreme, the U.S. doughnut company and coffeehouse chain, plans to open 10 shops in Cambodia over the next five years, according to the company.

April 22, 2015

Workers at South Korean Firm Strike Over Demotions

More than 40 employees at a South Korean firm in Phnom Penh continued a two-week-old strike Tuesday over their demotions earlier in the month and have started to protest, the workers and company said.

April 22, 2015

World Bank Says Growth to Slow in Coming Years

Falling rice production and rising labor costs will continue to drag down the pace of economic growth in Cambodia over the next three years, the World Bank said Monday—a relatively gloomy counterpoint to the coming rebound the Asian Development Bank predicted only last month.

April 14, 2015

Bayon Airlines Launches Flights to Sihanoukville

Cambodia Bayon Airlines made its inaugural flight to Sihanoukville on Sunday, more than three months after the Chinese airline opened a daily route between Phnom Penh and Siem Reap City.

April 14, 2015

World Bank Expecting Economic Slowdown to Persist

The World Bank is forecasting a continued slowdown of Cambodia’s economy over the next three years because of rising local production costs, sluggish global rice prices and other headwinds.

April 13, 2015

Malaysian Company to Build $92M Power Lines

A Malaysian company this week began construction on a $92.21-million power transmission line project and will charge Cambodia’s state-run electricity company $437.5 million to use the lines for 25 years, the company said in a statement.

April 10, 2015

First Quarter Rice Exports Rise Sharply

Cambodia’s year-on-year rice exports for the first three months of 2015 increased by 77 percent, according to figures released Tuesday by the Cambodia Rice Federation.

April 8, 2015
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