Industries

Prime Minister Hun Sen yesterday urged Chinese Ambassador Wang Wentian to look into the possibility of exporting raw materials by air and sea to the Kingdom in order to prevent job losses resulting from a suspension in the operation of garment factories. ...

The Ministry of Economy and Finance on Tuesday issued two separate letters to its General Department of Taxation (GDT) and its General Department of Customs and Excise (GDCE) ordering immediate action to mitigate risk to the Kingdom’s economy. ...

The government has decided to exempt the 4 percent stamp tax on all residential properties valued less than $70,000 until January to contribute to sustaining the country’s economic growth. ...

Prime Minister Hun Sen announced yesterday that all registered hotels and guesthouses in Siem Reap will be exempt of all taxes from February until May this year.   ...

The government has announced that it is preparing to develop a special tourism area in the coastal province of Sihanoukville. In a move to diversify its tourism offerings, citing a need to boost tourism flow into the area. ...

Southeast Asian suppliers from Cambodia, Myanmar and  Vietnam have become increasingly important to global fashion brands. Nearly 20% of Uniqlo owner Fast Retailing’s disclosed core sewing factories are in Vietnam, though China is still home to about half.​ However, these suppliers now face a supply ...

Swedish fashion giant H&M Group said they were evaluating how the EU’s decision to withdraw one-fifth of the ‘Everything But Arms’ (EBA) scheme would impact their business and production strategy in Cambodia. ...

Ten investment projects worth $83.7 million were approved by the Council for the Development of Cambodia (CDC) this week, it said in a press release said on Tuesday. The projects are anticipated to create some 4,744 jobs. ...

The Garment Manufacturers Association in Cambodia (GMAC) has expressed disappointment at the European Commission’s (EC’s) recent decision to suspended one-fifth of the Everything But Arms (EBA) scheme awarded to Cambodia. ...

Cambodia exported garments, footwear and travel goods worth $9.35 billion in 2019, a year-on-year increase of 11 percent, according to a report from the Ministry of Industry and Handicraft. ...

Cambodia, as well as Laos, Myanmar and Vietnam, are being encouraged to improve their production chains to provide added value to their textile products exported to Japan. The call came at a Phnom Penh workshop for representatives from Cambodia, Lao, Myanmar and Vietnam (CLMV) on ...

The Ministry of Labour and Vocational Training has warned that some garment factories in Cambodia may be forced to shut down temporarily or lay off workers next month due to a shortage of raw materials. As the 2019 Novel Coronavirus (2019-nCoV) continues to spread across ...

Cambodia Airports and the Overseas Investment Corp (OCIC) have shown progress in discussions on the development of a new Phnom Penh International Airport which is expected to be finished next year. ...

Sihanoukville, a once-sleepy seaside city in the Kingdom’s coastal province that has now become a ballooning enclave for Chinese-run construction and real estate, is now seeing house rental prices plummeting and land values stagnating. ...

Preah Sihanouk province will soon become a multi-purpose special economic zone and potentially the industrial hub of Cambodia, according to a senior official from the Ministry of Economy and Finance. ...

Mondulkiri province has been flagged for transformation into the biggest agro- and eco-tourism destination in Cambodia, according to the Ministry of Economy and Finance. A feasibility study includes upgrading an airport for the capital, Sen Monorom, for domestic and international destinations. ...

The Council for the Development of Cambodia (CDC) approved seven garment and travel goods investment projects last month, worth $33.4 million. The figures were released by CDC throughout the month and calculated by The Post. The EU is scheduled to decide whether to keep or withdraw ...

The General Department of Immigration yesterday reported that tens of thousands of Chinese nationals left the Kingdom before the end of last year since the ban on online and arcade gambling was announced by Prime Minister Hun Sen in August. ...

Tourism industry officials and representatives expressed concern that the outbreak of the 2019 Novel Coronavirus (2019-nCoV) will devastate Cambodia’s tourism industry following the Kingdom’s first documented case in the coastal province of Sihanoukville on Monday. At a press conference late on Monday, Minister of Health ...

Minister Chea Sophara yesterday reportedly presided over a ground-breaking ceremony for the construction of a new Land Management Ministry building on a three-hectare plot of land in the capital’s Sen Sok district. The ministry last week announced it will be relocating to the new premises ...

Cambodia exported more than 282,071 tonnes of rubber last year, a 30 per cent increase from 2018’s 217,501 tonnes, a Ministry of Agriculture, Forestry and Fisheries report said. The commodity reeled in $377 million in revenue last year, up 32 per cent from 2018’s $286 ...

The government is poised to reduce the price of electricity by 40 riel ($0.01) per kilowatt-hour for the industrial sector next month, said Minister of Mines and Energy Suy Sem on Tuesday. Insiders lauded the announcement but called on the government to improve the quality ...

Preah Sihanouk Provincial Hall is warning residents the authorities will begin demolishing  nearly 30 illegally built houses along canals and sidewalks in Sihanoukville’s Buon commune after Provincial Governor Kuoch Chamroeun ordered them to do so this week. “Provincial authorities have sent a letter to 29 ...

The Garment Manufacturers Association in Cambodia (GMAC) announced it will introduce smart technology solutions to bolster efficiency in the textile industry as it works to embrace the forthcoming Fourth Industrial Revolution. ...