Industries

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

Hun Sen: Minimum wage of workers cannot be increased to USD160

Prime Minister Hun Sen on Tuesday said it would be impossible to double the garment workers from USD 80 to USD 160 even though he wish to see them to have better life. “Which leaders and Prime Ministers don’t want to see their peoples have good ...

Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=M2EzNmZiZGVkNjA#sthash.0G8ytVha.dpuf

Vinamilk deal to go ahead

Vietnam Dairy Product Joint-Stock Co, better-known to milk lovers as Vinamilk, was granted a licence on Monday to open a $23 million processing facility in Phnom Penh’s Special Economic Zone. A statement to the Ho Chi Minh Stock Exchange released by the dairy giant on Monday ...

Eddie Morton
http://www.phnompenhpost.com/business/vinamilk-deal-go-ahead

Garment Workers Go Back on Strike Over Unpaid Wages

Thousands of garment workers from four factories have gone back on strike this week to protest a decision by their employers to withhold pay for the days they did not work during recent nationwide strikes. Between 8,500 and 12,500 workers at four factories—two in Phnom Penh, ...

Aun Pheap
http://www.cambodiadaily.com/news/garment-workers-go-back-on-strike-over-unpaid-wages-50580/

Cambodia opposition leaders questioned in court

Cambodia’s opposition leaders were questioned in court Tuesday in connection with recent protests against strongman premier Hun Sen — a case they denounced as politically motivated. Prosecutors at Phnom Penh Municipal Court spent several hours grilling Sam Rainsy and his deputy Kem Sokha about unrest that ...

Channel News Asia Staff
http://www.channelnewsasia.com/news/asiapacific/cambodia-opposition/954294.html

Kampong Thom temples next on UNESCO wish list

Kampong Thom’s Sambor Prei Kuk temple complex will be the next Cambodian site nominated for inclusion on UNESCO’s World Heritage List, Deputy Prime Minister Sok An announced yesterday at the 20th Congress of the Indo-Pacific Prehistory Association (IPPA). The seventh-century complex, which predates Angkor Wat by ...

Stuart White
http://www.phnompenhpost.com/national/kampong-thom-temples-next-unesco-wish-list

Little Paris comes to Koh Pich

Construction on a four-year, $150 million commercial and residential development that will transform 70,000 square metres of land on Koh Pich into Parisian-style apartments with a replica of the Arc de Triomphe at the centre is reportedly scheduled to commence in the coming months. The Élysée, ...

Eddie Morton
http://www.phnompenhpost.com/business/little-paris-comes-koh-pich

Hotel with foreigners in mind set for PPSEZ

A hotel catering to foreign investors and expatriate employees is being built inside the Phnom Penh Special Economic Zone (PPSEZ), management confirmed yesterday. The project will be constructed through a joint venture between PPSEZ and the Tokyo Stock Exchange-listed Tama Home. ...

Daniel de Carteret
http://www.phnompenhpost.com/business/hotel-foreigners-mind-set-ppsez

Cambodians and Koreans Join Protest in Seoul

Hundreds of Cambodians living in South Korea protested in front of Seoul’s City Hall on Sunday, demanding justice for five garment workers killed in clashes with police on January 3, and calling for Prime Minister Hun Sen to step down. With public protests indefinitely banned in ...

Colin Meyn
http://www.cambodiadaily.com/news/cambodians-and-koreans-join-protest-in-seoul-50459/

Construction investment notably increases in 2013

Construction investment in Cambodia in the past 11 months of 2013 was worth of USD 2.4 billion or 1526 projects, covering construction area of 7 million sq km, said The Ministry of Urbanization and Construction. The ministry added that compared with the same period of last ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NTEzNDI5N2YzMGE

More foreigners visit Cambodia's two world heritage sites in 2013

Cambodia’s two world heritage sites, the Angkor Wat temple and Preah Vihear temple, continued to see growth in the number of foreign tourists in 2013, tourism officials said on Sunday. The Angkor Wat temple welcomed about 2.23 million international visitors in the year, up 8 percent ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-01/12/c_133038342.htm

Japan Asked Government to Protect Its Interests During Strike

Japan has expressed its deep concern about the situation in Cambodia following the deadly crackdown on striking garment workers last Friday, and admitted Thursday that it had contacted the government during the protests to ask for protection of Japanese citizens and companies. Military police armed with ...

Simon Henderson
http://www.cambodiadaily.com/news/japan-asked-government-to-protect-its-interests-during-strike-50399/

Svay Rieng garment workers fired, suspended

Factories in Svay Rieng province’s Manhattan Special Economic Zone have fired or suspended at least 50 workers – and are pursuing legal action against some – for participating in a strike last month that saw some 30,000 walk off the job. Heads of the Collective Union ...

Mom Kunthear and Sean Teehan
http://www.phnompenhpost.com/national/svay-rieng-garment-workers-fired-suspended

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