Industries
Manufacturing
Ford targets the Kingdom’s lucrative emerging economy
Ford expects sales of its passenger vehicles in Cambodia to surge 30 per cent this year on rising purchasing power and strong brand appeal, a company representative said yesterday. Speaking at a luncheon organised by the Amcham Cambodia, Loflin said the US carmaker sees the ...
Cam McGrath
http://www.phnompenhpost.com/business/ford-targets-kingdoms-lucrative-emerging-economy
Steering away from the grey market
While the Kingdom’s automotive sector has seen the entry of authorised dealerships, grey market dealers still make up the bulk of car sales.Dealerships are trying to lure prospective customers to purchase new vehicles, but grey market used cars still enjoy a substantial cost advantage given ...
Post Staff
http://www.phnompenhpost.com/business/steering-away-grey-market
SCCC to take 40% of Cambodia firm
Siam City Cement (SCCC)’s board of directors has approved a 40-per-cent share in a joint-venture company in Cambodia, Chip Mong Cement Corporation, a first step in its strategy to take advantage of the upcoming Asean Economic Community. ...
The Nation News Staff
http://www.nationmultimedia.com/business/SCCC-to-take-40-of-Cambodia-firm-30269342.html
Crystal expands sustainability with Cambodia jeans plant
Hong Kong based garment manufacturing giant Crystal Group is hoping to replicate the success of its “Chinese role model sustainable denim jeans factory” with its new facility in Cambodia. ...
Just-Style News Staff
http://www.just-style.com/news/crystal-expands-sustainability-with-cambodia-jeans-plant_id126235.aspx
Employee allegedly hit at protest
A protest over attendance bonuses among workers at a factory in southern Phnom Penh turned violent yesterday morning, after the factory owner’s driver allegedly assaulted a worker. ...
Mom Kunthear
http://www.phnompenhpost.com/national/employee-allegedly-hit-protest
Tien Tien workers find jobs, seek pay
About 90 per cent of workers from the Tien Tien factory in Kandal province, whose Chinese owner disappeared leaving some $30,000 in unpaid wages last month, have found new jobs according to staff and union officials. ...
Mom Kunthear
http://www.phnompenhpost.com/national/tien-tien-workers-find-jobs-seek-pay
Construction standards on the way
The International Business Chamber of Cambodia (IBS) on Friday took a step to formulate industry-wide construction standards by signing a memorandum of understanding with the UK’s Royal Institute of Chartered Surveyors (RICS), an accreditation agency that monitors quality and safety across the property market. ...
Igor Kossov
http://www.khmertimeskh.com/news/15449/construction-standards-on-the-way/
Buyers worried about union demands, garment manufacturers say
The Garment Manufacturers Association in Cambodia says unions and their demands for higher wages are rattling the country’s industry and could lead to a decline in buyers, factories and jobs. ...
Phorn Bopha
http://www.voacambodia.com/content/buyers-worried-about-union-demands-garment-manufacturers-say/2952398.html
Garment sector training institute breaks ground
Employing some 700,000 Cambodians, the garment sector is the country’s largest private employer. But move above the factory floor and you will find mostly foreigners, from countries such as China, Singapore, Bangladesh, Sri Lanka and the Philippines. ...
Peter Ford and Kang Sothear
https://www.cambodiadaily.com/news/garment-sector-training-institute-breaks-ground-93371/
Garment manufacturers plan institute to improve worker skills
The Garment Manufacturers Association in Cambodia wants to build a special school to improve Cambodian workers’ skills and make the country more competitive, but labor leaders say if the school is not provided for free, it won’t work. ...
Phorn Bopha
http://www.voacambodia.com/content/garment-manufacturers-plan-institute-to-improve-worker-skills/2943810.html
Untaxed alcohol seized at border
Border police in Tbong Khmum’s Memot district near the Cambodian-Vietnamese border seized more than 900 cases of top-shelf booze on Sunday after a truck tried to smuggle in a large chunk without paying tax, police confirmed yesterday. ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/untaxed-alcohol-seized-border
Thai cement giant to invest $300m in Cambodia
Thailand’s largest cement producer, Siam Cement Group (SCG), plans to invest up to $300 million to increase its production capacity in Cambodia over the next five years in a bid to take advantage of booming domestic demand, a company official said Monday. ...
Kang Sothear
https://www.cambodiadaily.com/business/thai-cement-giant-to-invest-300m-in-cambodia-92400/
Coke betting big on Cambodia
Coca-Cola held the ground-breaking ceremony for its new $100 million production facility at the Phnom Penh Special Economic Zone yesterday, which when completed in 2016 will double the beverage behemoth’s Cambodian output over the next six years.The new facility, which was announced last November after ...
Ayanna Runcie and Ananth Baliga
http://www.phnompenhpost.com/business/coke-betting-big-cambodia
Cambodia's garment exports up 9% in 1st half of 2015
Garment industry, Cambodia’s largest foreign currency earner, has seen a 9% rise in exports in the first six months of 2015, according to the Chinese State’s News Agency-Xinhua. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/cambodias-garment-exports-up-9-in-1st-half-of-2015-8849
New Zealand FM to visit Cambodia next week, air services pact expected to be signed
New Zealand Foreign Minister Murray McCully will pay a two-day visit to Cambodia from Aug. 18 to 19, where he will sign an agreement on air services, according to a press statement from the Cambodian Foreign Ministry on Thursday. ...
Garment factories vote to freeze minimum wage
A majority of members of the Garment Manufacturers Association in Cambodia, which represents the country’s more than 500 exporting garment factories, have voted against any raise to their workers’ minimum wage next year. ...
Zsombor Peter
https://www.cambodiadaily.com/news/garment-factories-vote-to-freeze-minimum-wage-91436/
Union Law worries garment sector investors from Hong Kong
A visiting delegation from the American Chamber of Commerce in Hong Kong, which handles tens of billions of dollars in regional investment, says it raised concerns about the low threshold for forming unions in a pending new law during meetings with government officials Monday. ...
Zsombor Peter
https://www.cambodiadaily.com/business/union-law-worries-garment-sector-investors-from-hong-kong-91376/
Workers due to end walk-out
Some 300 garment workers were due to end their strike today following three days of protest and negotiations with GIN-SOVAN Fashion Cambodia Limited factory management. ...
Pech Sotheary
http://www.phnompenhpost.com/national/workers-due-end-walk-out
Competition is tough: GMAC
A report released yesterday by the Garment Manufacturers Association of Cambodia claims that the Kingdom is having difficulties competing against its neighbours due to low productivity, increasing wages and labour strife. ...
Charles Rollet
http://www.phnompenhpost.com/business/competition-tough-gmac
Competition puts pressure on mortgage rates
Mortgage rates are set to continue their decline, driven by strong bank competition, say banks and home lending experts. ...
Igor Kossov
http://www.khmertimeskh.com/news/13633/competition-puts-pressure-on-mortgage-rates/
ILO hopes to inform wage talks with new quarterly bulletin
In the inaugural issue of its bulletin on Cambodia’s $5.8-billion garment industry, the International Labor Organization said Thursday that business remained strong on the back of rising exports despite a 28-percent hike to the sector’s minimum wage in January. ...
Zsombor Peter
https://www.cambodiadaily.com/news/ilo-hopes-to-inform-wage-talks-with-new-quarterly-bulletin-88706/
Law on food safety edges closer to approval
The UN’s Food and Agriculture Organization and the Ministry of Commerce held a workshop yesterday to garner feedback from NGOs and businesses on the draft National Food Law.The new law deals with the safety, labelling and advertising of food and agricultural products for local consumption ...
Xueying Chen
http://www.phnompenhpost.com/business/law-food-safety-edges-closer-approval
Banned chemical found in seafood
The Ministry of Commerce’s Camcontrol Department found yesterday that part of the more than 300 kilograms of “suspicious” dried squid, stingray and shrimp confiscated in Kampot on Sunday had extremely high levels of a chemical substance banned in Cambodia. ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/banned-chemical-found-seafood
Vendors arrested for ‘plastic’ seafood
Four vendors were temporarily detained by Battambang’s Sangke district police on Friday after complaints from residents that the dried squid and stingrays they were selling were of poor quality and partly made of plastic. ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/vendors-arrested-plastic-seafood