In brief: Dog-eat-dog days on pub street

In brief: Dog-eat-dog days on pub street

Insiders talk of an emerging power struggle in Siem Reap's flourishing Pub Street precinct, with cashed-up big players creating conglomerates and aggressively hustling smaller players to sell out and move on. As one source revealed, the Pub Street princes have, until recently anyway, been able to easily attract capital investment, but the smaller players and one-venue independents, whose bottom line is precariously dependent on the vagaries of a not-so-stable and seasonal tourism revenue, cannot attract capital. Hence, it's a case of the rich getting capital injections and the poor getting red-lined in the bank balance department. There are also concerns that a downturn in tourism will hurt the smaller players. A wary eye is being kept on potential fallout from the US economic collapse, but some operators say the high season now beginning won't be so badly affected because of long-term bookings made earlier in the year. For now, it's a matter of trim-the-budgets and wait-and-see, but early warnings are that next year more small venues will hit the wall.

MOST VIEWED

  • Kingdom may hire Turkish power ship

    Cambodia is considering negotiating with Turkey to hire a 200MW-capacity power ship to meet electricity demands as the country faces an ongoing electrical shortage, according to the prime minister. Speaking to garment workers in Pursat province on Wednesday, Prime Minister Hun Sen said Electricite du

  • ‘Kingdom lacks up to 400MW in available electricity’

    Prime Minister Hun Sen has called on the general public, hoteliers and businesspeople with generators to use them as back-up as the Electricity Authority of Cambodia cannot generate enough electricity to meet needs due to low water levels in power station reservoirs. On Saturday evening

  • EDC tackles power shortfall

    Electrcite Du Cambodge (EDC) on Monday issued a statement updating the public on its efforts to tackle insufficient electricity supplies during the ongoing dry season. Reductions in electricity prices have resulted in a steady increase in consumers in the Kingdom, while local and international investors

  • Woman who scaled Cambodia’s three highest peaks eyes Everest

    One of the very few Cambodian women to have successfully reached the Kingdom’s three highest peaks is now eyeing Malaysia’s tallest mountain, Mount Kinabalu, and potentially even the world’s tallest straddling Nepal and China, Mount Everest. While in many Western countries it