Industries
Manufacturing
Higher wages hit GTI bottom line
The increase in the government-set minimum wage in the garment sector and lower prices have hit the bottom line of Grand Twins International (GTI), the only company in the sector listed on the stock exchange. The company yesterday reported revenue for the year ended December 31 ...
May Kunmakara
http://www.khmertimeskh.com/news/23572/higher-wages-hit-gti-bottom-line/
Towers to improve Angkor Wat's cell coverage, discreetly
Visitors to Cambodia’s premiere tourist destination, Angkor Wat, can expect better mobile network coverage come June, after Apsara Authority signed an agreement with local telecom services firm Camtowerlink Communications to install six camouflaged mobile towers across the vast temple site. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/towers-improve-angkor-wats-cell-coverage-discreetly
New factory to hog the pig leather market
Cambodia’s first factory to process leather from pig skin will open this year and will supply products to the European market, but local pig skin will not be used. ...
Sum Manet
http://www.khmertimeskh.com/news/23062/new-factory-to-hog-the-pig-leather-market/
Kampot cements its place in construction industry
Work started yesterday on Cambodia’s largest and most modern cement plant, which will be built in Kampot province with an investment of $262 million by Chip Mong Insee Cement. ...
Sum Manet
http://www.khmertimeskh.com/news/23017/kampot-cements-its-place-in-construction-industry/
Swifter footwear sales help push garment growth
Cambodia’s garment sector – a key driver of the economy – exhibited modest growth last year, with total exports topping $6.3 billion in 2015, up from $5.8 billion one year earlier, according to an industry report released yesterday. ...
Ananth Baliga
http://www.phnompenhpost.com/business/swifter-footwear-sales-help-push-garment-growth
Garment worker pageant troubles critics
The Ministry of Labour is bringing back a beauty pageant for garment workers, which unions and commentators have deemed a “regressive” distraction from deep-seeded inequalities in the sector. ...
Erin Handley and Sen David
http://www.phnompenhpost.com/national/garment-worker-pageant-troubles-critics
Traditional silk industry struggles to keep its shine
To get high quality silk scarves or silk products ready to sell in shops or markets takes at least two or three days of hard work by weavers, most of whom work in small villag ...
Sok Chan
http://www.khmertimeskh.com/news/22615/traditional-silk-industry-struggles-to-keep-its-shine/
EU market could tap into tapioca
Local agro-industrial conglomerate Mong Reththy Group is negotiating a new partnership that would send large-volume shipments of Cambodian cassava products to Europe for the first time. ...
Sor Chandara
http://www.phnompenhpost.com/business/eu-market-could-tap-tapioca
Claims of Cambodia outpacing VN's garment exports denied
Recently, several local newspapers reported that Cambodia surpassed Viet Nam to become the fifth largest exporter of garment and textile products to the EU. ...
Vietnam Net Team
http://english.vietnamnet.vn/fms/business/152094/claims-of-cambodia-outpacing-vn-s-garment-exports-denied.html
Surge in new product standards as tariffs fall
A recent surge in the development of national standards for manufactured goods and food products is creating more opportunities for local products in regional markets, a government official said yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/surge-new-product-standards-tariffs-fall
Cassava, rubber processing plants being mulled: official
Japan may import cassava and rubber from Cambodia and investors from the country are considering building processing plants for the two commodities here, according to a senior official at the Agriculture Ministry. ...
Sok Chan and May Kunmakar
http://www.khmertimeskh.com/news/22128/cassava--rubber-processing-plants-being-mulled--official/
Cambodia’s textile market share outdoes Vietnam’s in European Union
Although Vietnam was ranked among the top ten in apparel exports to the European Union in 2015, it was outperformed by one of its neighboring countries. ...
Tuoi Tre News's team
http://tuoitrenews.vn/business/33470/cambodias-textile-market-share-outdoes-vietnams-in-european-union
With job cuts on horizon, factory’s staff walks
Roughly 2,000 workers from the Malaysian-owned Global Apparels Limited garment factory in Phnom Penh went on strike yesterday after the factory announced it would be reducing staff numbers by 500 over the coming months, union representatives said yesterday. ...
Sen David
http://www.phnompenhpost.com/national/job-cuts-horizon-factorys-staff-walks
Time to outgrow garment manufacturing, gov’t advisor says
As the ASEAN Economic Community (AEC) raises Cambodia’s profile as a member of one of the world’s largest trade zones, investors around the world are considering Cambodia as a gateway to the region and it should take advantage of this opportunity by diversifying its economic ...
Chea Vannak
http://www.khmertimeskh.com/news/21466/time-to-outgrow-garment-manufacturing--gov---t-advisor-says/
Cambodia aims higher in manufacturing sector
After decades of solid growth driven by its garment industry, Cambodia is seeking to shift its economy into more sophisticated light manufacturing, such as electronics and auto-parts. Most of these manufacturers are Japanese and they are slowly coming online in Cambodia’s special economic zones, aiming ...
Daniel De Carteret, Chan Muyhong
http://www.voanews.com/content/cambodia-aims-higher-in-manufacturing-sector/3184557.html
SME federation wants its own SEZ
The Federation of Associations for Small and Medium Enterprises of Cambodia is planning to propose that the government set up special economic zone (SEZ) for small and medium-sized sized enterprises (SMEs) so that they can work in clusters, saying this will enhance their productivity, increase ...
Sok Chan
http://www.khmertimeskh.com/news/21157/sme-federation-wants-its-own-sez/
Rubber association to appeal for suspension of export tax
The Association for Rubber Development in Cambodia will submit a letter to the government asking it to suspend export taxes on rubber due to the sharp decline in its price and to prevent more farmers from going out of business, its secretary general, Men Sopheak, ...
May Kunmakara
http://www.khmertimeskh.com/news/21034/rubber-association-to-appeal-for-suspension-of-export-tax/
Appetite for investment in agriculture rising, forum told
South Korean investment in Cambodia’s agricultural industry, especially its food-processing sector, could result in the export of more value-added products that could help transform the Kingdom’s economy, a senior official at the Council for the Development of Cambodia and Korean officials told an investment forum ...
Sok Chan
http://www.khmertimeskh.com/news/20905/appetite-for-investment-in-agriculture-rising--forum-told/
Footwear kicks in as factory exports surge 17 percent
The total value of exports from the garment, footwear and other factories rose 17 percent year on year to $7.1 billion last year, according to a report from Ministry of Industry and Handicraft released yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/20849/footwear-kicks-in-as-factory-exports-surge-17-percent/
New report spotlights hidden workforce behind global brands
Global brands rely on a hidden workforce within their supply chains to avoid responsibility for poor working conditions and abuse, according to a new report from the International Trade Union Confederation. ...
Aria Danaparamita
https://www.cambodiadaily.com/news/new-report-spotlights-hidden-workforce-behind-global-brands-105909/
New player joins busy telecom market
Starting today, Kingtel, a new internet and telecom service provider, will offer internet services to customers, with the company expected to launch call services within the next few months. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/new-player-joins-busy-telecom-market
Nearly 150 garment, footwear factories in Cambodia close down in 2015
Nearly 150 garment and footwear factories in Cambodia have shut down this year, while more than 50 new ones opened, local media reported on Monday, citing a report of the Commerce Ministry. ...
Global Post News Staff
http://www.globalpost.com/article/6711677/2015/12/27/nearly-150-garment-footwear-factories-cambodia-close-down-2015
Takeo’s Bati district could become a hotspot for garment factories
Land prices in Krang Thnong commune, in Takeo’s Bati district near National Road 2, have recently multiplied by up to ten times compared to five years ago after two garment factories started being constructed in the rural community this year, locals claim.Meanwhile, the area might ...
Dit Sokthy and Hanamariya Halim
http://www.phnompenhpost.com/real-estate/takeos-bati-district-could-become-hotspot-garment-factories
Manufacturers seek help to upgrade products for export to ASEAN
Local manufacturers are calling for government support to help them make their products meet quality standards set by other members of ASEAN – standards they say will be the major barrier to access the regional market as the ASEAN Economic Community (AEC) kicks off at ...