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Phnom Penh is rapidly emerging as a hotspot for the discerning investor, boasting impressive rental yields of 8% to 10%. In a telling shift, luxury homebuyers across Asia are increasingly looking closer to home, with a notable uptick in investments directed…
AirAsia Group chief executive Tony Fernandes has urged governments to stop “overreacting” to the emergence of the new Omicron variant of Covid-19 and focus on reducing the cost of PCR testing instead. “It’s a huge overreaction. We don’t know anything about…
AirAsia is resuming flights from Bangkok to Cambodia’s capital Phnom Penh starting December 22. The Southeast Asian country recently lifted restrictions to allow fully vaccinated foreign travelers to enter without undergoing quarantine. Next month, flights…
US pizza chain Papa John’s is launching in Cambodia with 15 restaurants scheduled to open during the next three years. The company opened its flagship store in Phnom Penh last month. “Papa John’s Cambodia team is truly passionate about pizza,” said Peter Xu,…
The Phnom Penh Megamall developer has delayed the mall’s launch until the fourth quarter of this year owing to lagging interior design work, according to its marketing representative CBRE Cambodia. The 47,000sqm, 11-storey shopping hub is being constructed as…
Cambodia’s largest enterprise-focused ISP SINET has selected Nokia to support its expansion into the residential market with FTTH services. Under the agreement, Nokia will roll out a nationwide access network starting in major housing apartments and gated…
Kasikornbank (KBank), one of the largest banks in Thailand, officially unveiled its first branch in Phnom Penh with the aim of offering financial services to local businesses as well as corporate and retail customers. KBank entered the Cambodian financial…
American sporting goods giant Nike has opened its first dedicated retail store in Cambodia in what observers have described as another sign the Kingdom’s strong economy and rising incomes had not gone unnoticed by international retail giants. The opening of…
Little Sheep Hot Pot, a Yum Brands Inc. company, yesterday signed a partnership agreement with HGB Food Industry Co. Ltd. to bring its Mongolian hot pot restaurant to Cambodia. HGB Food Industry is a subsidiary of private local investment company HGB Group,…
Asean property markets are promising, with Cambodia offering the most attractive prospects due to strong demand and limited supply, notably in Phnom Penh. Aliwassa Pathnadabutr, managing director of property consultant CBRE Thailand, said prime residential…
Starbucks Cambodia has opened a new flagship store in Phnom Penh, in partnership with regional partner Maxim’s Group of Hong Kong. Cambodia is Starbucks 16th market in the China/Asia Pacific region, where it has more than 6200 stores. This is the third store…
Starbucks Coffee Company last week opened the doors to its newest flagship store in Asia, located in Phnom Penh, Cambodia, building on its long-term relationship with Hong Kong Maxim’s Group. Cambodia is Starbucks 16th market in the China and Asia Pacific…
Phnom Penh Duty Free is located inside the integrated entertainment destination of Naga City at Naga City Walk which connects Naga World to ‘Naga 2’. It offers approximately 4,000sq m of retail space with all the main DF&TR and luxury categories available:…
Krispy Kreme Cambodia has opened its first shop, in Phnom Penh. This makes Cambodia the 27th country to have a Krispy Kreme Doughnuts outlet. It will offer the brand’s classic treats and coffee, says senior VP and international president Dan Beem. “The strong…
Coffee franchise giant Starbucks Cambodia has opened its second outlet, at Aeon Mall in Phnom Penh. Licensed as Coffee Concepts Cambodia, the outlet comes less than six months after the US chain made its debut at Phnom Penh International Airport. However, the…
Italian luxury menswear brand Brioni has opened its first boutique in Cambodia, at the luxury Vattanac Capital Mall in the heart of Phnom Penh’s emerging business and financial district. It was launched with a private cocktail event featuring evening jackets…
