Industries

Chea Vichea Remembered 10 Years After Slaying

Ten years ago Wednesday, union leader Chea Vichea walked to his favorite newsstand in front of Wat Lanka to read the day’s headlines: Prime Minister Hun Sen had ordered spending cuts, health officials were trying to handle the first outbreak of bird flu in Southeast ...

Khy Sovuthy and Denise Hruby
http://www.cambodiadaily.com/news/chea-vichea-remembered-10-years-after-slaying-50962/

Risk-averse Japanese investing more in Phnom Penh condos

In the course of a city’s development, especially a capital city, certain events serve as mile markers, raising their profile both regionally and globally. Few understand the changing views of Japanese investors toward Cambodia better than the upper management of boutique real estate consultancy AnnaCam ...

Chris Horton
http://www.phnompenhpost.com/real-estate/risk-averse-japanese-investing-more-phnom-penh-condos

Cambodia bourse to get second IPO in April

Taiwanese garment factory Grand Twins International will be the second company to go public on Cambodia’s fledgling stock exchange, the Securities and Exchange Commission of Cambodia (SECC) confirmed yesterday. ...

Daniel de Carteret
http://www.phnompenhpost.com/business/cambodia-bourse-get-second-ipo-april

Cambodia's new business registrations drop 12 pct in 2013

Cambodia had issued operating licenses to 2,988 new companies last year, down 12 percent from 3, 386 in a year earlier, according to the Ministry of Commerce on Wednesday. Of the 2013 new business registrations, foreign businesses registered 1,448, down 9 percent, while local registrations fell ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-01/22/c_133065203.htm

Good ties boost Chinese investments in Cambodia -- PM

Cambodian Prime Minister Hun Sen said Wednesday that the country’s good relations and cooperation with China have encouraged more and more Chinese investors to Cambodia. The premier made the remarks during a meeting with Zhang Tingke, visiting vice-president of a leading Chinese power company Huaneng Group, ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/china/2014-01/22/c_133065798.htm

For factory, solar power runs show

Resembling a giant Rubik’s cube under construction, the solar-powered factory in Phnom Penh’s Por Sen Chey district will be completely off the grid. Some 1,350 solar panels, each one capable of generating 100 watts per hour of sunlight, cover the three-story building. In a few months, ...

Daniel de Carteret
http://www.phnompenhpost.com/business/factory-solar-power-runs-show

Cambodian police in new protest crackdown

Cambodian police broke up a rally in the capital on Tuesday and briefly detained 11 activists who were calling for international assistance to secure the release of protesters arrested in a recent crackdown. The detentions came as the country’s main opposition party called off a planned ...

Channel News Asia News Staff
http://www.channelnewsasia.com/news/asiapacific/cambodian-police-in-new/962534.html

Trade hurt by political and labour turbulence

Cambodian trade reached a total of $15.9 billion in 2013, equaling an 18 per cent rise from 2012, according to the Ministry of Commerce. Exports were valued at $6.9 billion, up from $5.5 billion a year earlier, with garment and textiles accounting for more than 80 ...

Eddie Morton
http://www.phnompenhpost.com/business/trade-hurt-political-and-labour-turbulence

Diplomats, Donors Lobbied to Help Free Jailed Protesters

Challenging the ban on demonstrations in Phnom Penh, activists rallied Friday at the U.S. Embassy, the Japanese Embassy, the Australian Embassy and the German Embassy before stopping for lunch and rallying again, in the afternoon, at the British Embassy, the European Union and World Bank ...

Khy Sovuthy
http://www.cambodiadaily.com/news/diplomats-donors-lobbied-to-help-free-jailed-protesters-50852/

Cambodian, Laotian FMs to meet next week on ties

Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong would meet with his Laotian counterpart Thongloun Sisoulith next week to explore possibilities to further boost bilateral ties, the Cambodian Ministry of Foreign Affairs said Friday. The two top diplomats would co-chair the 12th meeting of the ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-01/17/c_133052813.htm

Cambodia’s Human Rights in focus: Full text of UN envoy

The UN envoy concluded his six-day visit to Cambodia producing a concrete report, which reflects both the positive and negative aspects of human rights situation in the Kingdom. As for the post-election political impasse, Prof. Surya P. Subedi, the United Nations Special Rapporteur on the ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=ZWMwNTZmODliZTA

Lawyers Submit Bail Requests for Imprisoned Protesters

Ten lawyers representing 22 of the 23 striking workers, union officials and political activists imprisoned at a maximum-security prison in Kompong Cham province since their arrests at two protests in Phnom Penh earlier this month submitted bail requests for their clients Thursday, one of the ...

Mech Dara
http://www.cambodiadaily.com/news/lawyers-submit-bail-requests-for-imprisoned-protesters-50785/

One Garment Strike Ends, Two Begin, Over Missing Pay

Garment workers at a Kandal province factory ended their most recent strike Thursday after management agreed to pay out part of their wages for the days they were absent during a previous strike, while workers at a Phnom Penh factory went back on strike because ...

Aun Pheap
http://www.cambodiadaily.com/news/one-garment-strike-ends-two-begin-over-missing-pay-50787/

Cambodia's trade with foreign countries reaches nearly 16 bln USD last year

Cambodia’s trade volume with foreign countries amounted to 15.9 billion U.S. dollars last year, up 18 percent compared with 13.4 billion U.S. dollars in a year earlier, according to the report of the Commerce Ministry on Wednesday. The country had exported products in equivalent to 6.9 ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-01/15/c_133046741.htm

Cambodia sends 22,300 laborers abroad last year

Cambodia had dispatched some 22, 300 laborers overseas in 2013, down 36 percent from 34,800 a year earlier, figures from the Ministry of Labor showed Monday. The country sent 13,170 workers to Thailand last year, down 50 percent year-on-year; 8,820 to South Korea, up 8 ...

Asean-China-Center News Staff
http://www.asean-china-center.org/english/2014-01/15/c_133047425.htm

Political issues not affecting property sector, for now

Despite recent political turbulence, local investors in the Phnom Penh property sector are not deterred and are still bullish on the market’s future prospects. One good example of this local optimism is Ly Hour Group, which recently announced it would invest more than $100 million to ...

Siv Meng
http://www.phnompenhpost.com/real-estate/political-issues-not-affecting-property-sector-now

Office space demand up slightly in Q4 2013

Demand for office space in Phnom Penh in the fourth quarter of 2013 grew by five per cent over the previous quarter, according to research by local property services provider VTrust Property Company. VTrust deputy director Chrek Soknim said that growth in Q4 of last year ...

Sum Manet
http://www.phnompenhpost.com/real-estate/office-space-demand-slightly-q4-2013

Manhattan workers on strike again

More than 1,000 workers at the Manhattan (Cambodia) Co Ltd garment factory in Kampong Cham province are striking in the wake of factory management’s reaction to their last strike action. ...

Mom Kunthear
http://www.phnompenhpost.com/national/manhattan-workers-strike-again

Strike action still on table, unions say

Leaders of unions that declared a nationwide garment worker strike said the work stoppage and protests, which they temporarily suspended, will resume unless government officials renegotiate the industry’s minimum wage. The announcement was their first since authorities cracked down on strike demonstrations on January 2 and ...

Sean Teehan and Mom Kunthear
http://www.phnompenhpost.com/national/strike-action-still-table-unions-say

Housing loans up in 2013, growth expected to continue in ’14

Last year across Cambodia’s cities, more and more people decided to take the plunge and invest in housing. This should be obvious to anyone who lived in Cambodia last year. The sounds of construction or renovation were more noticeable than before in cities across the Kingdom. Data ...

Sum Manet
http://www.phnompenhpost.com/real-estate/housing-loans-2013-growth-expected-continue-%E2%80%9914

The Sihanoukville option

As property prices in Phnom Penh and Siem Reap continue to push upwards, many investors are quickly being priced out of these first-tier markets. Looking at second-tier cities around the Kingdom, Sihanoukville in particular stands out as an investment destination worth serious consideration. Named after the ...

Chris Horton
http://www.phnompenhpost.com/real-estate/sihanoukville-option

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