High Hopes as ANA Begins Direct Tokyo-Phnom Penh Flights

High Hopes as ANA Begins Direct Tokyo-Phnom Penh Flights

Japan’s All Nippon Airways (ANA) recently commenced direct Tokyo-Phnom Penh flights in a move that is expected to boost the number of tourists and business travellers between the countries. Currently ranked a distant third behind China, and South Korea (See: Asean H1 2016 FDI Winners & Losers), Japanese foreign direct investment (FDI) in Cambodia is […]

Indonesia Tax Amnesty Programme to Fund Infrastructure Boom

Indonesia Tax Amnesty Programme to Fund Infrastructure Boom

A little more than one month after implementation it remains to be seen if the Indonesia tax amnesty programme implemented by the government will meet its goals, with just 0.6 per cent of the target goal having been realised. While some early signs are encouraging, there are fears that the Indonesia tax amnesty programme will […]

Cambodia to Hike Angkor Wat Prices by 85%

Visitors to Cambodia will need to tuck away a little more cash next year if they want to visit the United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Site of Angkor Wat in the country’s northwest. With foreign tourist numbers steadily increasing Cambodian authorities have decided that the current US$20 charged for foreigners […]

Australia Livestock Export Market Opens in Cambodia

Australia Livestock Export Market Opens in Cambodia

When the livestock carrier Greyman Express pulled into Cambodia‘s only deepwater port in June it marked the commencement of a new trade deal between Australia and Cambodia… almost two years after the two countries signed an agreement on animal health protocols that laid the foundations for the opening of the latest Australia livestock export market . […]

Booming Growth Pushes Cambodia to Lower-Middle Income Status

Booming Growth Pushes Cambodia to Lower-Middle Income Status

Despite some appearances to the contrary, things in Cambodia are looking pretty rosy… at least according to the World Bank. In its latest revision of world economies the Bank raised Cambodia’s status from a low-income economy to a lower-middle income country. The reclassification to a lower-middle income economy is based on the Banks estimate that […]

Soft Sales Fail to Dent Phnom Penh Condominium Boom

Soft Sales Fail to Dent Phnom Penh Condominium Boom

Softer sales in the Phnom Penh condominium market are failing to deter the development boom the city is experiencing, with 13,730 new units released into the market in ‘off-plan’ proposals alone in the first half of 2016. A 52 per cent year-on-year increase on the same period in 2015 with the rate of supply causing […]

Bangkok’s Grand Palace Asean’s Most Visited Tourist Attraction

Bangkok’s Grand Palace is Asean’s most visited tourist attraction, ranking eighth in Asia and 40th in the world in 2013, according to leading travel magazine Travel+Leisure. With eight million visitors a year, according to gate count, Bangkok’s Grand Palace tied with the Smithsonian National Museum of Natural History in Washington DC and Pier 39 in […]

Indonesia Gets $724 mln to Further Investment Reform

Indonesia Gets $724 mln to Further Investment Reform

A US$500 million loan by the Asian Development Bank (ADB) is expected to help lower the cost and difficulty of doing business in Indonesia. The ADB agreed to advance the second tranche after the country rolled out agreed policy reforms to reduce barriers to investment. To be supplemented by an additional $224.6 million from Germany’s […]

Swiss First to Fund Scheme to Improve Indonesia’s Urban Infrastructure

Swiss First to Fund Scheme to Improve Indonesia’s Urban Infrastructure

With an annual growth rate of 4.1 per cent Indonesia’s cities are growing faster than any other in Asia, leading the country through a historic transformation from a rural economy to an urban one. With the third-largest amount of urban land in East Asia after China and Japan, by 2025 some 68 per cent of […]

Thailand’s 2016 TAT Newsroom Blogger Campaign Gets Underway

Thailand’s 2016 TAT Newsroom Blogger Campaign Gets Underway

The Tourism Authority of Thailand (TAT) has announced the commencement of its 2016 TAT Newsroom Blogger Campaign where three photographers and three writers can win a paid trip to Thailand. Running from June 16 through July 31, the 2016 TAT Newsroom Blogger campaign follows the highly successful ‘Champions #GoThailandGoASEAN’ competition last year which saw tens […]

Win a Dream Journey as Part of Anantara’s 15th Anniversary Celebration

Since it opened its first luxury resort in the Thailand royal seaside retreat city of Hua Hin in 2001 the name Anantara has become synonymous with resorts and spas renowned for indulgence and luxuriousness. To celebrate its 15th anniversary this year the company is giving 15 people the opportunity over 15 weeks to win free […]

New Book Guides Cambodia Companies on AEC Integration

New Book Guides Cambodia Companies on AEC Integration

Company and business owners in Cambodia now have an additional resource to help them maximise the benefits of the Asean Economic Community (AEC) with the publication of the Asean Economic Community: Guide for Businesses in Cambodia; Practical Guide for Employers. Published by the Cambodian Federation of Employer and Business Associations (Camfeba) with  financial support from […]