Industries
Manufacturing
CDC okays investments worth over $83 million
Ten investment projects worth $83.7 million were approved by the Council for the Development of Cambodia (CDC) this week, it said in a press release said on Tuesday. The projects are anticipated to create some 4,744 jobs. ...
Thou Vireak
https://www.phnompenhpost.com/business/cdc-okays-investments-worth-over-83-million
GMAC: Pulling rug from under workers’ feet not way to proceed
The Garment Manufacturers Association in Cambodia (GMAC) has expressed disappointment at the European Commission’s (EC’s) recent decision to suspended one-fifth of the Everything But Arms (EBA) scheme awarded to Cambodia. ...
Niem Chheng
https://www.phnompenhpost.com/national-politics/gmac-pulling-rug-under-workers-feet-not-way-proceed
Garment, footwear, and travel goods exports valued at $9.3 billion
Cambodia exported garments, footwear and travel goods worth $9.35 billion in 2019, a year-on-year increase of 11 percent, according to a report from the Ministry of Industry and Handicraft. ...
Chea Vannak
https://www.khmertimeskh.com/50692028/garment-footwear-and-travel-goods-exports-valued-at-9-3-billion
Hopes to boost textile exports to Japan with added value
Cambodia, as well as Laos, Myanmar and Vietnam, are being encouraged to improve their production chains to provide added value to their textile products exported to Japan. The call came at a Phnom Penh workshop for representatives from Cambodia, Lao, Myanmar and Vietnam (CLMV) on ...
Chea Vannak
https://www.khmertimeskh.com/50691648/hopes-to-boost-textile-exports-to-japan-with-added-value
Coronavirus likely to result in lay-offs as China factories close
The Ministry of Labour and Vocational Training has warned that some garment factories in Cambodia may be forced to shut down temporarily or lay off workers next month due to a shortage of raw materials. As the 2019 Novel Coronavirus (2019-nCoV) continues to spread across ...
Khorn Savi
https://www.phnompenhpost.com/national/coronavirus-likely-result-lay-offs-china-factories-close
CDC approves seven projects in January
The Council for the Development of Cambodia (CDC) approved seven garment and travel goods investment projects last month, worth $33.4 million. The figures were released by CDC throughout the month and calculated by The Post. The EU is scheduled to decide whether to keep or withdraw ...
Thou Vireak
https://www.phnompenhpost.com/business/cdc-approves-seven-projects-january
Rubber exports rise by 30% year-on-year
Cambodia exported more than 282,071 tonnes of rubber last year, a 30 per cent increase from 2018’s 217,501 tonnes, a Ministry of Agriculture, Forestry and Fisheries report said. The commodity reeled in $377 million in revenue last year, up 32 per cent from 2018’s $286 ...
Thou Vireak
https://www.phnompenhpost.com/business/rubber-exports-rise-30-year-year
GMAC: Indian software to up GTF efficiency
The Garment Manufacturers Association in Cambodia (GMAC) announced it will introduce smart technology solutions to bolster efficiency in the textile industry as it works to embrace the forthcoming Fourth Industrial Revolution. ...
Hin Pisei
https://www.phnompenhpost.com/business/gmac-indian-software-gtf-efficiency
Government’s study aims to expand rubber revenue
The General Directorate of Rubber announced a joint study on family-owned rubber plantations in three provinces to better understand how growers have responded to the sharp drop in rubber prices over the past nine years. The average cost of rubber has fallen from around $4,600 ...
Thou Vireak
https://www.phnompenhpost.com/business/governments-study-aims-expand-rubber-revenue
Kingdom’s fuel prices fixed despite US-Iran row
Increase tensions between the US and Iran, one of the world’s largest oil producers, could cause prices to fluctuate, the Ministry of Commerce warned on Thursday. However, the ministry said fuel prices in the Kingdom will stick to those announced every 15 days, which are ...
Hin Pisei
https://www.phnompenhpost.com/business/kingdoms-fuel-prices-fixed-despite-us-iran-row
Council approves four investment projects worth $17.2 million
The Council for the Development of Cambodia (CDC) on Monday announced the approval of four investment projects worth some $17.2 million. These are set to create 1,490 jobs. Sun Awesome Garment Co Ltd is to establish a garment and laundry facility in Kampong Cham’s Prey ...
Hin Pisei
https://www.phnompenhpost.com/business/council-approves-four-investment-projects-worth-172-million
Kampong Speu shoe factory construction suspended: Governor
The construction of a shoe factory in Kampong Speu province’s Kong Pisei district has been suspended after local authorities ruled it has not been following technical standards. Officials in the Kingdom are scrambling to inspect completed and under-construction buildings to avoid collapses similar to what ...
Pech Sotheary
https://www.khmertimeskh.com/50677531/kampong-speu-shoe-factory-construction-suspended-governor
Rubber exports grow nearly 24% last year
The Kingdom’s rubber exports saw a 24 per cent increase over the first 11 months of last year compared to the same period in 2018, data from the General Directorate of Rubber obtained by The Post on Tuesday showed. Pol Sopha, the director-general of the ...
Thou Vireak
https://www.phnompenhpost.com/business/rubber-exports-grow-nearly-24-last-year
Workers faint in Svay Rieng shoe factory: Officials
Dozens of workers at the Kingmaker Footwear factory in Svay Rieng province fainted yesterday evening, and the authorities are baffled at what caused it, said government and union officials. ...
Mom Kunthear
https://www.khmertimeskh.com/50673467/workers-faint-in-svay-rieng-shoe-factory-officials
Ith Samheng mulls pension scheme delay
Labour Minister Ith Samheng yesterday said he will look into a request by employers to delay implementing a pension scheme for garment and footwear workers slated for next year. ...
Mom Kunthear
https://www.khmertimeskh.com/50672920/ith-samheng-mulls-pension-scheme-delay
UAE firm sets sight on oil in Kingdom
Mubadala Petroleum, one of the UAE’s largest oil and gas companies, is looking for investment opportunities in the Cambodian oil sector, said a senior official at the Ministry of Mines and Energy. Mubadala Petroleum CEO Mazin al-Lamki expressed interest in investing in Cambodia’s oil sector ...
Thou Vireak
https://www.phnompenhpost.com/business/uae-firm-sets-sight-oil-kingdom
Labour ministry to check provision of seniority payments
The Ministry of Labour and Vocational Training is preparing to send officials to check on whether the second phase of seniority payments will be provided to garment factory workers at the end of the year, said ministry spokesman Heng Sour. Last year, the ministry announced ...
Long Kimmarita
https://www.phnompenhpost.com/national/labour-ministry-check-provision-seniority-payments
Mango exporters urged to set up hi-tech packaging plants
Ngin Chhay, the director-general of the General Directorate of Agriculture at the Ministry of Agriculture, Forestry and Fisheries, on Thursday urged the private sector to set up more mango packaging plants that comply with South Korea and China’s hygiene and quality standards. ...
Thou Vireak
https://www.phnompenhpost.com/business/mango-exporters-urged-set-hi-tech-packaging-plants
Garment factories opening despite potential loss of EBA deal: report
Garment factories continue to open in the Kingdom despite the looming threat Cambodia faces of losing its Everything-but-arms (EBA) status with the European Union, a report published recently notes. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50666883/garment-factories-opening-despite-potential-loss-of-eba-deal-report/
Coal-fired power plant to come online in S’ville this month
A 135-megawatt coal-fired power plant will start producing energy this month in the coastal province of Preah Sihanouk, according to a high-ranking energy official. The plant is seen as an important element in the government’s strategy to deal with the current energy shortage. ...
Chea Vannak
https://www.khmertimeskh.com/50666710/coal-fired-power-plant-to-come-online-in-sville-this-month/
World Bank: Growth at 7% for this year
Cambodia’s economy remained robust, underpinned by solid export performance and strong domestic demand, even as real growth is expected to decelerate to 7.0 per cent this year from 7.5 per cent last year, the latest World Bank Cambodia Economic Update said on Wednesday. ...
Thou Vireak
https://www.phnompenhpost.com/business/world-bank-growth-7-year
Chinese firms set to invest in car assembly, fertiliser plants
Two Chinese companies plan to invest in a car assembly plant and an organic fertiliser processing plant in Cambodia, following a visit by a delegation of 20 company representatives from Shandong province last week. The delegation was led by Shandong provincial vice-governor Wang Shujian, who met ...
Post Staff
https://www.phnompenhpost.com/business/chinese-firms-set-invest-car-assembly-fertiliser-plants
Garment, travel goods exports will stay strong, says minister
Minister of Commerce Pan Sorasak on Thursday expressed his optimism that garment, textile, footwear and travel goods exports will continue to enjoy strong growth over the next few years. He cited better working conditions and labour compliance as the main drivers of the Kingdom’s industrial ...
Garment, textile, footwear exports nearly $8B in Q1-Q3
Cambodia exported more than $7.97 billion worth of garment, textile and footwear (GTF) products in the first nine months of this year, up 13.18 per cent year-on-year from $7.044 billion, a report from the Ministry of Economy and Finance’s General Department of Customs and Excise ...
Thou Vireak
https://www.phnompenhpost.com/business/garment-textile-footwear-exports-nearly-8b-q1-q3