The Asian Development Bank on Wednesday said Cambodia would likely reach a 6.8 percent economic growth rate for 2011. The ADB estimate was a bump up from the 6.5 percent forecast earlier this year, but much less than Prime Minister Hun Sen’s figure of 8.7 percent, which he said in a speech this week was possible
Air France resumed direct flights to Cambodia on Thursday, after it last pulled up its wheels in 1974 ahead of a Khmer Rouge takeover. Officials said the resumption of flights was due to an increase in tourism and investment in Cambodia.
A tourist shops for silk scarves at a market in downtown Siem Reap. Photo by: Will Baxter SOUTH Korea’s return to the position of number-one visitor to Cambodia in January might not seem significant, but for the travel industry it symbolises the final stage of recovery. Replacing Vietnamese at the top of the arrivals list, the strong rebound in South Korean visitors, up an annualised 36.9 percent according to Ministry of Tourism figures released last week, represents the return of high-spending tourists from developed countries.
A man-made mountain at a resort managed by Dai Nam Resorts Area, in Binh Duong province, Vietnam. The company is looking to attract more Cambodian visitors to its attractions.
Photo by: Soeun say A man-made mountain at a resort managed by Dai Nam Resorts Area, in Binh Duong province, Vietnam.
Photo by: Pha Lina The Turkish flag stands in front of Turkish Deputy Prime Minister Bülent Arınç (right) at the Cambodia-Turkey Business Forum yesterday. I believe this forum will help us in economic and political cooperation between our two countries The deputy Prime Minister of Turkey Bülent Arınç has urged investors from his country to invest in the Kingdom’s construction and tourism sectors. Addressing more than 200 business delegates and investors at the first Cambodia-Turkey Business Forum yesterday in Phnom Penh, the top official encouraged greater economic links between the two emerging economies
The Council for the Development of Cambodia on Friday will consider a proposal to concede thousands of hectares of protected rainforest in Koh Kong province to a private company that claims substantial mining potential. Environmental groups have expressed concern that the project would enact a devastating toll on the environment and local community, yet still fail to live up to the hype. Chea Chet, CEO of United Khmer Group, which is seeking exploitation rights, has claimed that the 20,400 hectare area contains US$35 billion to $135 billion worth of titanium.
CROSSINGS made by tourists and traders across the Cambodia-Thailand border are still going strong, officials said yesterday, despite political turmoil and a deadly border clash. “Everything is normal,” said Sao Bunrith, chief of the Poipet border checkpoint in Banteay Meanchey province, the main crossing to Thailand.
IT was the only airline to fly from Bangkok to Phnom Penh in the early nineties, the sole carrier to do so on the same route during the factional political infighting of July 1997, and briefly also had a monopoly between Phnom Penh and Siem Reap. Now the last remaining Bangkok Airways monopoly in Cambodia on the lucrative Bangkok-Siem Reap route looks to be under threat. Further confirmation this week that Cambodia Angkor Air is to join Bangkok Airways in flying between Southeast Asia’s main air hub – Bangkok – and one of the region’s premier tourist attractions – Siem Reap – represents good news for the industry
SMART Mobile is in the testing phase to launch WiMAX at “practically 4G” speeds on its network, its chief executive officer Thomas Hundt said.