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Investors told not to invest in Sihanoukville

A former Cambodian finance minister has discouraged potential investors from investing in Sihanoukville port, which is set to list on the Kingdom’s stock exchange, saying that investors face risks due to weak legal and financial systems. “Among the little dragons of Southeast Asia, Cambodia is the least encouraging,” former fund manager Sam Rainsy told an [...]

Sihanoukville port enjoys growth in revenue

The Sihanoukville Autonomous Deep Sea Port saw a 33 percent increase in cargo shipment revenue in January compared to the same period last year. Based on data obtained from the port, revenues rose from $1.87 million in January last year to $2.5 million last month. Over 29,400 tons of cargo crossed the port in January, [...]

Sihanoukville enjoys growth in tourism

Sihanoukville enjoyed a significant growth in local and foreign tourism in January, said tourism officials. The number of local tourists to Sihanoukville rose 57.52 percent, to 108,400 in January 2012 from 68,816 in the same period last year, said Seng Kha, deputy director of Sihanoukville’s Department of Tourism. The number of foreign tourists climbed to [...]

Cambodia planning to import oil from Iran amid US sanctions

Cambodia is planning to import and refine oil from Iran in spite of the recent US sanctions on oil imports from Iran. “Cambodia will not take into account the foreign policies of other countries toward Iran when considering investment in the Kingdom,” said Ek Tha, spokesperson for the Council of Ministers of Cambodia. “We do [...]

Cambodia Bay poised to become third major tourist destination

Cambodia Bay might not have a remarkably high profile yet, but it is a leisure tourism, business travel and MICE destination being positioned by the Cambodian government as the country’s third major international tourism destination. Encompassing four Cambodian provinces – Kep, Kampot, Koh Kong and Sihanoukville – Cambodia Bay is a region of beaches, economic [...]

Travel Indochina launches ‘Cambodia Revealed’ tour

Travel Indochina is proud to announce that it has completed the departure of its redesigned ‘Cambodia Revealed’ Small Group Journey. The 11-day Cambodia Revealed tour features exotic areas of Cambodia not usually visited by travellers. New destinations include the colonial port town of Kampot and uncrowded beaches at Sihanoukville and Kep. According to John Black, [...]

Queenco plans ambitious project in Sihanoukville

Queenco Leisure International plans to launch the second phase of its resort in Sihanoukville in early 2013, said a company official. According to a previous report by the Post, the company took over the Holiday Palace in 2010 to expand and renovate the property. Queenco opened the project’s first phase, which comprises a 60-room hotel [...]

Hotel, casino reopen in Sihanoukville

Queenco Leisure International has unveiled the first phase of its hotel and casino project in Sihanoukville, said InterGame Online. Queenco opened its 60-room hotel and adjacent casino featuring 130 slot machines, gaming tables as well as a health spa on December 31, said the news industry trade publication. In 2010, the company took over the [...]

Sihanoukville Autonomous Port enjoys busy 2011

Revenues from shipments that passed through Sihanoukville Autonomous Port jumped 7 percent year on year last year, said port officials. SAP data reveals that total revenues rose to US$30.5 million in 2011 from $28.5 million in the previous year. According to port General Director Lou Kim Chhun, the budding Cambodian economy prompted local manufacturers to [...]

Sinahoukville’s Sea Festival proves to be a success

Sihanoukville’s inaugural Sea Festival proved to be a success, drawing around 50,000 visitors. The festival, an effort to expand Cambodia’s tourism appeal beyond Siem Reap, lured tourists with foods, sporting events and arts and culminated with a fireworks display along Occheuteal Beach at midnight on December 31. The Angkor Wat temples in Siem Reap have [...]