Ponzi scheme victims seek Hun Sen’s help
About 300 people from 11 provinces gathered at Prime Minister Hun Sen’s cabinet near Wat Botum pagoda yesterday to ask for help in their ongoing dispute with Empire Big Capital Limited, an investment company that cheated thousands of victims out of nearly $60 million. In May ...
Pech Sotheary
http://www.khmertimeskh.com/50109477/ponzi-scheme-victims-seek-hun-sens-help/
Coke’s new $100 million plant
Coca-Cola officially opened a new $100 million plant in Phnom Penh yesterday to expand its production capacity to meet increased demand for the Coke beverage in the Kingdom and Asean. The plant, situated on a 12.5-hectare land, in the Phnom Penh Special Economic Zone is able ...
Sok Chan
http://www.khmertimeskh.com/news/32783/coke---s-new--100-million-plant/
Millions Threatened by Dam in Stung Treng
More studies should be conducted on the controversial Lower Sesan 2 dam in Stung Treng province in order to understand its potential social and environmental effects, Conservation International (C.I.) said in a statement. The Lower Sesan 2-as well as other dams planned for the Sesan, Srepok ...
Cambodia garment sector has Asia's highest rate of unionization
Cambodia’s garment sector has the highest rate of unionization of any industry in Asia, Cambodia Federation of Employers and Business Associations Van Sou Leng said Tuesday. “Major efforts are needed to improve the quality of workplace relations,” Van said in a statement posted on the Camfeba ...
The Cambodia Herald
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NDA0NmM5MWU5YjN
Villagers protesting eviction forcibly removed
Forty villagers on Tuesday were forcibly removed from outside the Pursat provincial office, where they have been camping for the past five days to protest what they say was the burning down of their homes by district officials, villagers and a rights group said. “This morning, ...
Mech Dara and Sek Odom
http://www.cambodiadaily.com/news/villagers-protesting-eviction-forcibly-removed-52608/
All is not well in the garment sector as exports drop by 50 percent in second trimester
Cambodia’s exports of garment and footwear products are expected to drop from 50 to 60 percent due to the impact of COVID-19 crisis during the second trimester of 2020. ...
Khmer Times Staff
https://www.khmertimeskh.com/50718827/all-is-not-well-in-the-garment-sector-as-exports-drop-by-50-percent-in-second-trimester/
Commerce ministry posts 50.8% dip in revenue
The Ministry of Commerce posted $12.7 million in revenue for 2020, down by 50.83 per cent over $26.60 million in 2019, driven down by reductions in business registration fees and an increasing number of merchants self-certifying their products’ origins. ...
Thou Vireak
https://www.phnompenhpost.com/business/commerce-ministry-posts-508-dip-revenue
Sixty per cent of all women run business, says minister
Minister of Labour and Vocational Training Ith Samheng claimed that more than 60 per cent of women in Cambodia are business owners or entrepreneurs, a rate he said is three times higher than the US. ...
Mom Kunthear
https://www.phnompenhpost.com/national/sixty-cent-all-women-run-business-says-minister
Cambodia’s beer market growing more crowded
The Kingdom’s latest brewery is set to launch on November 1, introducing a new player into the growing Cambodian beer market, insiders said yesterday. The Khmer Brewery plant, a US$60 million joint venture between locally based Chip Mong Group and major international brewery manufacturer Ziemann Group, ...
Minister asks for export break
Minister of Commerce Cham Prasidh yesterday called on the US to allow duty-free entry for Cambodian exports, a benefit the Kingdom already enjoyed with the European Union. The introduction of preferential tax treatment from the US would result in the Kingdom’s share of that country’s ...
http://www.phnompenhpost.com/index.php/2011090751485/Business/minister-asks-for-export-break.html
Hun Sen calls for caution amid China-US trade war
Prime Minister Hun Sen warned on Tuesday that a developing trade war between the US and China could affect Cambodia, and said the Kingdom must act to mitigate any potential fallout. In March, US President Donald Trump’s administration slapped tariffs on global imports of steel ...
Ben Sokhean
https://www.phnompenhpost.com/national/hun-sen-calls-caution-amid-china-us-trade-war
Mega construction supply center
A Chinese company will spend roughly $60 million to build a construction supply center on the outskirts of Phnom Penh after finalizing a land leasing agreement with the Phnom Penh Autonomous Port (PPAP) on Friday. Yunnan Sengmao Investment will build the aptly named Construction Material Supplies ...
May Kunmakara
http://www.khmertimeskh.com/news/33862/mega-construction-supply-center/
Seized timber sold for $15 mil
A total of 60,000 cubic meters of illegally-felled luxury timber confiscated by the National Anti-Deforestation Committee (NADC) sold at auction yesterday for $15 million, $3 million above the reserve price. Soung Meng Kea, chairman of the subcommittee running the auction and undersecretary of state at the ...
May Titthara
http://www.khmertimeskh.com/news/31435/seized-timber-sold-for--15-mil/
Volkswagen to be sold in Kingdom
Cambodia’s authorised distributor for Mercedes-Benz will also be selling Volkswagen vehicles in May, as it hopes to cash in on higher growth in the mass-market car sector. Though the sole distributorship deal was signed in 2009, Hung Hiep Group received approval last week from VW to ...
http://www.phnompenhpost.com/2013030761799/Business/volkswagen-to-be-sold-in-kingdom.html
To Phnom Penh Relief, Dam Starts Operating
The Kirirom III Hydropower Station in Kompong Speu province started operating last month, providing 18 megawatts of electricity to both Kompong Speu and Phnom Penh, an official at state-owned Electricite du Cambodge said yesterday. The additional power from the $47 million dam will help alleviate Phnom ...
Chinese firm acquires large stake in Kampot $100m cement factory
Chinese firm Huaxin Cement Co has purchased a 40 per cent stake in Cambodia Cement Chakrey Ting Factory Co, a cement-making factory currently under construction in Kampot province. Huaxin’s $24 million investment Cambodia Cement lifted the local factory’s working capital to $60 million, up from $32 ...
Chan Muyhong
http://www.phnompenhpost.com/business/chinese-firm-acquires-large-stake-kampot-100m-cement-factory
Clash at Koh Kong SEZ protest
A 60-year-old woman was injured and sent to hospital yesterday when police cracked down on anti-eviction protesters blocking a busy bridge in Koh Kong province, villagers said. More than 100 villagers locked in a dispute with the company that manages the Koh Kong Special Economic ...
Sen David and Pech Sotheary
http://www.phnompenhpost.com/national/clash-koh-kong-sez-protest
Half a million workers already affected by cancelled orders
The Garment Manufacturers Association in Cambodia (GMAC) has stated approximately 60 percent of its factories have been severely affected by cancelled orders of ready-made garment exports, due to the COVID-19 pandemic. ...
Sok Chan
https://www.khmertimeskh.com/50710646/half-a-million-workers-already-affected-by-cancelled-orders/
Suspects wanted for logging thousands of trees in Mondulkiri
Mondulkiri provincial authorities are working to identify suspects who cut down tens of thousands of trees and buried them in a 60ha patch of forestland in order to take over the land. ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/suspects-wanted-logging-thousands-trees-mondulkiri
Second round of Siem Reap cattle vaccinations underway
Siem Reap has received more than 60,000 doses of cattle vaccines and is preparing to administer them for the second time this year, according to provincial Animal Health and Production Bureau chief Prum Vich. ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/second-round-siem-reap-cattle-vaccinations-underway