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ខ្មែរ Business and Market
China Decorative Association seeking investment opportunities in Cambodia
- 13 September 2019
The China Association of Decorative Building Materials (CADBM) met with the Cambodia Constructors Association (CCA) on 12 September to study investment opportunities within the construction market in Cambodia. Based in Zhejiang region, the China Association of Decorative Building Materials (CADBM) is a group of Chinese firms operating businesses manufacturing construction materials, ceramic til...
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IMF Research: Increase property tax to advance economic growth in Cambodia
- 10 September 2019
A new research paper funded by the International Monetary Fund (IMF) suggests Cambodia should increase property tax to fund billions of dollars of infrastructure spending, a move that will help advance economic growth. Published on 06 September, the ‘IMF Working Paper: Advancing Inclusive Growth in Cambodia’ analyses how increasing either property tax, VAT, or income tax can secure the funding ...
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Experts call for more hotel investment amid fast developing tourism industry
- 13 August 2019
Experts across the real estate industry gathered at the Rosewood Hotel at the start of August to discuss various investment opportunities with a focus on hotel investment as the Cambodian tourism industry sees rapid development. Co-organised by international real estate agency CBRE Cambodia and legal firm DFDL, the breakfast talk presented opportunities and challenges for investors looking to m...
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Cambodia to welcome first Autograph Collection hotel in early 2022
- 13 August 2019
Global hospitality firm Marriott International signed an agreement with local developer Wywaza Investment on 08 August 2019 to bring the first Autograph Collection Hotel into the kingdom under the name KHŌM Hotel. Located in the heart of Phnom Penh in front of Wat Botum Park, KHŌM hotel will comprise of 130 rooms, designed to showcase a combination between traditional Khmer culture with a moder...
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Avani Hotels Officially Opens First Property in Siem Reap
- 8 August 2019
After six months of renovation by Thai hotel chain Avani, the French colonial architecture-styled Foreign Correspondents’ Club has been officially re-opened under the new name of ‘FCC Angkor managed by Avani Hotels & Resorts. Located a 20-minute drive from Siem Reap’s airport, this new hotel comprises 80 rooms and suites decorated in vintage style. The property was also designed by keeping ...
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Three provinces chosen to be secondary urban tourism destinations
- 3 August 2019
The Ministry of Tourism in partnership with the French Development Agency (AFD) has selected three provinces, namely Kampot, Battambang, and Kratie, to be secondary urban tourism destinations, with the aim to reduce congestion in main tourism destinations and to develop sustainable tourism in Cambodia. The commitment to develop the three provinces was agreed at a meeting between the two parties...
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Why offering Social Media Only Marketing Solution is not sufficient without Video Filming?
- 2 August 2019
Social Media ONLY Marketing Solution is insufficient because 1. It is difficult to attract the right leads today even money is spent for leads which will not even bother to reply with a “Likes” or “Share” 2. Fewer people have the Time to read long copies anymore today, we recorded up to an astonishing 86% drop in people scrolling to the midway point in a few of our landing page copies within the...
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Environment ministry gives green light to Cambodia Cement Chakrey Ting Factory in Kampot
- 24 July 2019
The Ministry of Environment (MoE) gave the green light on the Environmental and Social Impact Assessment (ESIA) on 23 July for the Cambodia Cement Chakrey Ting Factory in Kampot. Cambodia Cement Chakrey Ting Factory was initiated in 2014 with a US$100 million investment in Phnom Teach Village, Kandal Commune, Teuk Chhou District, Kampot Province covering an area of 32 hectares. The plant has th...
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The future of infrastructure developments and the construction industry in Cambodia
- 23 July 2019
In the past decade, Cambodia has launched ambitious infrastructure developments toward building much needed airports, bridges, dams, roads and seaports. However, Cambodia still ranks 112 out of 137 nations in terms of infrastructure ranking, lagging behind most of its Southeast Asian neighbours according to the World Economic Forum’s latest Global Competitiveness Report. It revealed that inadequat...
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Lumiere Residence set new property landmark in Phnom Penh
- 22 July 2019
Following the success of Lumiere Hotel, Singapore-based Lumiere Hospitality (LH) opened its second project in Phnom Penh on 21 July which will set another hospitality landmark for the city. Known as the Lumiere Residence, this 25-storey building comprises of luxury hotel rooms and apartments which are elegantly designed and laid out, equipped with a rich variety of in-room amenities. Located...
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