Industries

A grim report on the world economy by the International Monetary Fund (IMF) yesterday caused oil prices to continue to slide, with international prices hitting the lowest level since 2002 as planned output cuts were deemed insufficient to offset a COVID-19-fuelled slump in demand. ...

In the first three months of this year, the Ministry of Public Works and Transport has implemented the Procurement Agreement on Bridge and Road repairs by allocating financial credits from last year for 12 projects at a cost of 50 billion riel ($12.4 million). ...

The Labour Ministry said more than 90 percent of garment factory workers reported for work on the first day of Khmer New Year yesterday. ...

Prime Minister Hun Sen said the government has decided to provide $70 a month for each worker once their factories temporarily suspended their operations due to COVID-19 pandemic. ...

The Garment Manufacturers Association in Cambodia (GMAC) has stated approximately 60 percent of its factories have been severely affected by cancelled orders of ready-made garment exports, due to the COVID-19 pandemic. ...

Sale prices of Phnom Penh landed property (borey) units showed no sign of slowing down in the past six months. Driven by strong local demand, the average quoted prices accelerated across all unit types, according to the first quarter report from CBRE, a commercial real ...

The Council for the Development of Cambodia (CDC) last week approved a $160.6 million brewery in Chhak Chhoeu Neang commune’s Trapaing Veng village in Kandal province’s Ang Snuol district. ...

More than 100 workers at a construction site in Preah Sihanouk province’s Sihanoukville protested and demanded four month’s worth of missing wages. ...

Bilateral trade between Cambodia and the U.S. were valued at US$585 million in January 2020, up 33 percent compared to the same period last year. ...

The value of Cambodian real estate has not shown signs of decline in recent weeks, despite the Covid-19 pandemic bringing market activity to a virtual standstill, industry insiders said on Wednesday. ...

A team of officials at the Kampong Thom provincial Forestry Administration have begun studying the ecotourism potential at the Prey Kbal Bei Community Forest in Ti Pou commune’s Kbal Bei village in Santuk district. ...

According to the Tourism Ministry, tourism declined 52 percent earlier this year.The government in February responded by offering promotional Angkor Archaeological Park fare tickets. ...

The government has issued income tax exemptions for the textile and garment, footwear and luggage sectors that produced export goods hit by the European Union’s 20 percent Everything but Arms (EBA) tariff-free status withdrawal in February. ...

The Garment Manufacturers Association in Cambodia (GMAC) on Tuesday urged factories not to suspend shipments of goods that have already been produced as well as those in production.​ ...

Some foreign garment buyers have notified garment factories in Cambodia for a suspension on the shipment of garment exports from Cambodia to European and US markets due to the effects of the COVID-19 outbreak. The statement comes after the recent arrival of raw materials from ...

The Royal Palace Ministry yesterday announced the temporary closure of one of the Kingdom’s most iconic buildings amid fears of new Coronavirus infections. ...

The Council for the Development of Cambodia has approved three investment projects with a total capital of US$7 million. ...

Prime Minister Hun Sen on Saturday announced the arrival of 12 ships containing more than 1,000 containers of raw materials from China at Sihanoukville Autonomous Port to supply struggling garment factories in the Kingdom. ...

The global outbreak of the Coronavirus is slowing down the economy and threatens to eliminate thousands of jobs in the global supply chain in South East Asia, particularly in Cambodia as one of the most affected countries in the region. ...

Garment workers whose jobs suspended due to raw material shortages are now allowed to delay their loan repayments to the commercial banks and microfinance institutions (MFIs). ...

The Council for the Development of Cambodia has approved 15 investment projects in several provinces worth at least $530 million.​ ...

The Kingdom has won the Pacific Area Travel Writers Association’s International Travel Award for Best Destination despite the global coronavirus outbreak that has dampen the global tourism industry. ...

The Garment Manufacturers Association in Cambodia (GMAC) said on Wednesday that 12 more Chinese ships transporting raw materials for garment industry will arrive in Cambodia this week. ...

Nearly 800 textile factory workers in Kampong Speu province yesterday protested because their employer allegedly fled after failing to pay all wages and severance payments. ...