Trade

Exports

Pharmaceutical plant announces expansion

PharmaProduct Manufacturing, Cambodia’s self-described first pharmaceutical plant, announced last week plans to expand into other ASEAN markets once the ASEAN Com­mu­nity frame-work is adopted in 2015. According to its online materials, the producer of the painkiller KINAL – among other medicines – opened its doors in 1996, and has ...

http://www.phnompenhpost.com/index.php/2012091058607/National-news/cambodian-pharmaceutical-plant-announces-asean-expansion.html

Tide changes at Ocean as factory pays strikers

Ocean Garment, the Phnom Penh-based clothing manufacturer at the centre of sexual harassment claims and an illegal strike that lasted more than two weeks, has agreed to compensate more than 2,500 workers for wages lost during the protests, a move union advocates have highlighted as ...

http://www.phnompenhpost.com/index.php/2012091058601/National-news/rare-win-for-ocean-garment-strikers.html

New Mekong Port to Ease Overloaded Phnom Penh Terminal

With cargo traffic at the Phnom Penh Autonomus Port growing rapidly, a nearly completed container terminal just south of the city on the Mekon River should help ease the congestion. The 30-hectare port, in Kandal province’s Kein Svay district, was completed late last month, though cranes ...

Garment Workers Continue Tax Deductions Protest

About 600 garment workers of the Top Form factory in Phnom Penh’s Russei Keo district continued protesting yesterday against new income tax deductions from their pay outside the factory after police blocked them from marching on National Road 5. Workers have been protesting since Friday against ...

Bra factory workers look to ministry for support

About 300 workers entered their sixth day of strikes yesterday at a bra factory in the capital, which manufactures lingerie supplied to Victoria’s Secret and Valentino, but their hopes of a quick resolution were dashed when a Ministry of Social Affairs official admitted he was ...

http://www.phnompenhpost.com/index.php/2012090758559/National-news/bra-factory-strikers-look-to-ministry-for-support.html

Rice Production Increases as Country Moves Toward 2015 Export Goal

Economists and agriculture officials say Cambodia could export 1 million tons of milled rice by 2015, but that depends on improvements in the sector, along with some global factors out of the control of the country’s farmers and millers. Prime Minister Hun Sen has set the ...

http://www.voacambodia.com/content/rice-production-increases-as-country-moves-toward-2015-export-goal/1502343.html

India shows interest in cashew nut processing

India is considering establishing a cashew nut processing factory in Cambodia to curb exports to India from third countries, according to officials at the Indian embassy. Dinesh Patniak, the ambassador to Cambodia, said Cambodia produced a lot of cashew nuts that were sent to Vietnam for ...

http://www.phnompenhpost.com/index.php/2012090658526/Business/india-shows-interest-in-cashew-nuts-processing.html

Garment Workers Set Tires on Fire as Tax Protest Continues

About 600 garment factory workers continued their strike in Phnom Penh yesterday, setting car tires alight to protest what they said were unfair salary cuts but factory representatives and labor officials described as a normal tax on income. “The factory told us that they cut our ...

Ensure fairness, Kirk advises

Cambodia needs to ensure fair treatment of both domestic and foreign investors if it wants to attract more foreign investors, accordsing to US Trade Representative Ron Kirk. Kirk presented the idea during a press conference last week in Siem Reap durig the ASEAN-US Business Summit by ...

http://www.phnompenhpost.com/index.php/2012090558496/Business/ensure-fairness-kirk-advises.html

Emerging Mining Sector to Be Subject to Grassroots Scrutiny

As mining companies continue to scour Cambodia for minerals, work is also under way to build a network of local monitors and activists to shed light on the country’s often-opaque mining sector and its practices. {T]he Ministry of Industry, Mines and Energy has granted an unknown ...

Needs compared with the UK

Cambodia’s needs and how they overlap with the UK’s strengths are an important issue in trade and investment relations between the two countries, according to British Ambassador Mark Gooding during a presentation to the Cambodian Chamber of Commerce (CCC) yesterday. Bilateral trade is mainly driven by ...

http://www.phnompenhpost.com/index.php/2012090458466/Business/uk-to-diversify-trade-ambassador.html

ASEAN push for integration

ASEAN economic ministers on Friday agreed to spur stronger cooperation and make more of an effort to enhance the region’s integration in preparation for the ASEAN Economic Community (AEC) in 2015. Speaking during the press conference on the closing of the 44th ASEAN Economic Ministers’ Meeting ...

http://www.phnompenhpost.com/index.php/2012090358439/Business/asean-push-for-integration.html

Garment Factory Monitoring Needs to Improve

The International Labor Organization’s (ILO) Better Factories Cambodia (BFC) program must overhaul its monitoring practices before it can meaningfully improve working conditions in the garment sector, accoring to the authors of a new report. the new report by Community Legal Education Center and the Netherlands-based ...

Indian Chamber of Commerce Launches in Capital

About 100 Indian businessmen and government officials gathered in Phnom Penh yesterday for the official launch of the Indian Chamber of Commerce (ICC) in Cambodia. Speaking at the launch the ICC president, Debasish Pattnaik, said that since the new organization registered with the government in February, it has gained 54 ...

Investment treaty with US discussed

The United States and Cambodia have agreed to begin discussions on a bilateral investment treaty (BIT) in a bid to spur trade and investment between the two countries, officials said on Friday following the end of the ASEAN-US Business Summit in Siem Reap. “A bilateral investment ...

http://www.phnompenhpost.com/index.php/2012090358437/Business/investment-treaty-with-us-discussed.html

'Verbal Abuse' surfaces at Ocean

An investigation by garment factory monitor Better Factories Cambodia into the alleged sexual harassment of four female employees at Ocean Garment uncovered extensive verbal abuse, according to BFC technical adviser Jill Tucker. A BFC team visited the Dangkor district site on August 24 after a group ...

http://www.phnompenhpost.com/index.php/2012090358447/National-news/verbal-abuse-surfaces-at-ocean.html

Fainting workers blame fumes

Almost 150 garment factory workers from two Phnom Penh factories fainted late last week after inhaling toxic fumes used to treat clothes, workers and union leaders said yesterday. The mass faintings came as the Clean Clothes Campaign and Community Legal Education Center released an evaluation report ...

http://www.phnompenhpost.com/index.php/2012090358448/National-news/fainting-workers-blame-fumes.html

Cambodia Import-Export The First Half Year Analysis

Although the Cambodian government has projected Gross Domestic Product (GDP) of around 7 percent this year, a bit higher than come other international financial organizations like the Asian Development Bank (ADB) and the International Monetary Fund (IMF), it does not mean that the country’s projection could not ...

http://www.cambizreview.com/

US firms suggest ASEAN improve financial services

Although US businesses across ASEAN have expressed a positive investment outlook towards Cambodia and the other members of the regional group, they are unsure of how to take advantage of the free-trade agreement with China, insiders said at the first-ever ASEAN-US Business Summit, which kicked ...

http://www.phnompenhpost.com/index.php/2012083158399/Business/us-firms-suggest-asean-improve-financial-services.html

Ocean Garment strike to end, workers return

More than 50 police officers exchanged heated words with Ocean Garment strikers yesterday afternoon, marching for over an hour to Phnom Penh Municipal Court in support of five worker representatives suspended by the company. Mid-protest, however, the group of more than 2,500 – who have been ...

http://www.phnompenhpost.com/index.php/2012083158407/National-news/ocean-garment-strike-to-end-workers-return.html

Special tax exemption on goods grown in Cambodia

The Government has agreed to grant tax exemption for farm goods grown in Cambodia by Vietnamese enterprises and individuals and imported for processing Statistics show that in southern Tay Ninh Province alone 120 individuals from the districts of Chau Thanh, Tan Bien, Trang Bang and Tan ...

http://vietnamnews.vnagency.com.vn/Economy/229443/special-tax-exemption-on-goods-grown-in-cambodia.html

Incitement Charge for Chhun

Global brands Levi’s and Gap had continued slashing orders at the Tai Yang and Camwell factories in Kandal province, costing the company that owns them about US$6 million, its manager claimed yesterday. Tai Yang Enterprises manager Wu Minghuor said the brands had reduced their orders from ...

http://www.phnompenhpost.com/index.php/2012083058388/National-news/labour-leader-summonsed-to-court.html

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