Industries
Manufacturing
General Science announces $255 million expansion plan in Cambodia
The 18-month project will add capacity for 3.5 million units of semi-steel radial passenger car tires and 750,000 all-steel truck bus tires per year at the plant, inaugurated in April last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501418887/general-science-announces-255-million-expansion-plan-in-cambodia/
CAC eyes funding for cashew shell biofuel production
Six Chinese companies have expressed interest in establishing cashew processing plants in Cambodia, with one specialising in producing Cashew Nut Shell Liquid (CNSL), according to the Cashew Nut Association of Cambodia (CAC). ...
Van Socheata
https://www.phnompenhpost.com/national/cac-eyes-funding-for-cashew-shell-biofuel-production
New monthly minimum wage for Cambodia’s garment industry in 2024 takes effect
A new monthly minimum wage for workers in Cambodia’s garment, textile, footwear, and travel products industry for 2024 has come into force, Prime Minister Hun Manet said on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501417170/new-monthly-minimum-wage-for-cambodias-garment-industry-in-2024-takes-effect/
New minimum wage in effect, up $4 per month
With the arrival of a new calendar year, workers in textile, garment, footwear, and travel goods factories are set to enjoy a new minimum monthly salary of $204. The new figure is $4 higher than the 2023 wage. ...
Van Socheata
https://www.phnompenhpost.com/national/new-minimum-wage-in-effect-up-4-per-month
Cambodia’s garment, footwear, travel goods exports down 15 pct in 11 months
Cambodia exported $9.9 billion worth of garment, footwear and travel products to international markets in the first 11 months of 2023, down 15 percent from nearly 11.7 billion dollars in the same period last year, said a Ministry of Commerce’s report released on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501413720/cambodias-garment-footwear-travel-goods-exports-down-15-pct-in-11-months/
Cambodia’s garments and agricultural products continue to drive export growth
Cambodia’s export sector has demonstrated resilience, with a slight increase of 1.2 percent in exports during the first 11 months of 2023. According to a report released by the General Department of Customs and Excise, the country exported goods worth $20.5 billion, compared to $20.24 ...
Khmer Times Staff
https://www.khmertimeskh.com/501406845/cambodias-garments-and-agricultural-products-continue-to-drive-export-growth/
Cambodia’s diversification from garment to non-garment rolling
Non-garment manufacturing has played an important role in the economy because its share in the country’s total exports has increased remarkably, showing industry diversification. ...
Chea Vanyuth
https://www.khmertimeskh.com/501397128/cambodias-diversification-from-garment-to-non-garment-rolling/
Workers in 39 suspended factories to get cash assistance
In line with government initiatives, cash handouts are being extended to displaced workers engaged in the garment sector at 39 factories specialising in textile, footwear, travel products and bags that have temporarily suspended their operations. ...
Sok Raksa
https://www.phnompenhpost.com/national/workers-39-suspended-factories-get-cash-assistance
Cambodia makes $320.5 mln from rubber exports in first 9 months
Cambodia exported 242,304 tons of dry rubber in the first nine months of 2023, up 3.5 percent from 234,100 tons over the same period last year, said a report from the General Directorate of Rubber on Thursday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501379483/cambodia-makes-320-5-mln-from-rubber-exports-in-first-9-months/
Cambodia’s garment, footwear, and travel goods exports are down 17.8 percent in the first nine months
Cambodia exported $8.14 billion worth of garment, footwear, and travel products to international markets in the first nine months of 2023, down 17.8 percent from last year, according to the Ministry of Commerce on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501375252/cambodias-garment-footwear-and-travel-goods-exports-are-down-17-8-percent-in-the-first-nine-months/
Electrical exports spark to $2.1B
Exports of electrical machinery, equipment and related products surpassed $2.1 billion in the first eight months of 2023, marking a near 100 per cent growth from the same period last year, according to the General Department of Customs and Excise (GDCE). ...
Hin Pisei
https://phnompenhpost.com/business/electrical-exports-spark-21b
Associations welcome minimum wage hike
Associations in the footwear and travel goods sector welcomed the hike in the minimum wage for workers in 2024, saying that this will ensure the sector’s competitiveness and enhance the workers’ living standards. ...
Chea Vanyuth
https://www.khmertimeskh.com/501369455/associations-welcome-minimum-wage-hike/
Employers praise minimum wage negotiations, unions raise concerns
Following the labour ministry’s announcement of a 2024 minimum wage set at $204 per month, the employers’ association has voiced their support, while trade union representatives and civil society organisations (CSOs) expressed their disappointment. ...
Van Socheata
https://www.phnompenhpost.com/national/employers-praise-minimum-wage-negotiations-unions-raise-concerns
Garment workers' monthly wage to increase by $4 in 2024
The minimum wage for garment workers has been raised by $4 a month to $204 in 2024, according to the Prime Minister. ...
Mao Sreypich
https://kiripost.com/stories/garment-workers-monthly-wage-to-increase-by-4-in-2024
Economic crisis sees latex exports fall 10% in first eight months
The global economic crisis has reduced Cambodia’s latex export earnings to $273.4 million in the first eight months of 2023, according to the Ministry of Agriculture, Forestry and Fisheries’ General Department of Rubber (GDR). ...
Hin Pisei
https://www.phnompenhpost.com/business/economic-crisis-sees-latex-exports-fall-10-first-eight-months
Australia partners agri-food strategy
Cambodia and Australia inaugurated a new Food Innovation Partnership on September 22, aimed at assisting agri-food small and medium-sized enterprises (SMEs) in developing products that meet food safety standards and broadening their market reach. ...
Sok Raksa
https://www.phnompenhpost.com/business/australia-partners-agri-food-strategy
Cambodia and Australia launch food innovation partnership to support agri-food SMEs
Cambodia and Australia launched a new Food Innovation Partnership to support Cambodia’s agri-food small and medium-sized enterprises (SMEs) to develop new products, meet food safety standards, and improve their market reach. ...
Khmer Times Staff
https://www.khmertimeskh.com/501366475/cambodia-and-australia-launch-food-innovation-partnership-to-support-agri-food-smes/
Cambodia’s garment sector struggles with external headwinds: AMRO
Cambodia is seeing a notable recovery in its economy with a strong bounce back in the service sectors. However, the manufacturing sector, primarily the garment industry, finds itself grappling with external pressures. ...
Khmer Times Staff
https://www.khmertimeskh.com/501363482/cambodias-garment-sector-struggles-with-external-headwinds-amro/
CDC approves $34.6 million worth of investment projects
Six new investment projects with a total capital of $34.6 million have been approved by the Council for the Development of Cambodia (CDC). ...
Khmer Times Staff
https://www.khmertimeskh.com/501361374/cdc-approves-34-6-million-worth-of-investment-projects/
Hun Sen suggests two key sectors for Japanese investors
Hun Sen, President of the Supreme Privy Council of His Majesty the King, has encouraged the Japanese investors to invest in Cambodia’s two key areas, including the establishment of factories for raw material processing, and advanced technology such as car assembly plants, production of electronic ...
Khmer Times Staff
https://www.khmertimeskh.com/501360042/hun-sen-suggests-two-key-sectors-for-japanese-investors/
Bangladesh, Pakistan, Cambodia, Vietnam face $65 billion apparel export hit from extreme weather
Extreme heat and flooding could erase $65 billion in apparel export earnings from four Asian countries by 2030, as workers struggle under high temperatures and factories close, research from Schroders and Cornell University showed on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501360053/bangladesh-pakistan-cambodia-vietnam-face-65-billion-apparel-export-hit-from-extreme-weather/
Toyota assembly plant in Phnom Penh to be launched next year
Toyota assembly plant at Phnom Penh Special Economic Zone will be inaugurated in 2024. ...
Khmer Times Staff
https://www.khmertimeskh.com/501359265/toyota-assembly-plant-in-phnom-penh-to-be-launched-next-year/
Feature: Chinese electric vehicles gaining momentum in Cambodia
Kim Kheang, a 25-year-old trader in Cambodia, has decided to shift to use a Chinese electric vehicle (EV) in a move to save fuel costs and help keep the air clean. ...
Khmer Times Staff
https://www.khmertimeskh.com/501359251/feature-chinese-electric-vehicles-gaining-momentum-in-cambodia/
GFT exports decline 19% in Jan-Aug
Cambodia’s exports of garments, footwear and travel goods (GFT) continue to decline with the January to August period showing a setback of 19.28 percent, compared to the performance of the sector during the same period last year. ...
Manoj Mathew
https://www.khmertimeskh.com/501358748/gft-exports-decline-19-in-jan-aug/