Industries

Local group OTK Royal One signed a partnership agreement this week with Chinese firm Huasi Group to build a 62-storey commercial building in Phnom Penh. ...

Annual reports from two ministries released on Monday appear to show significantly different numbers of factories, enterprises and garment factory workers in Cambodia last year, and officials at the two ministries contacted yesterday did not explain the contradictory data. ...

Local real-estate firm Grand Lion Group reached a deal with US-based Marriott group to manage and operate a new five-star hotel in the coastal city of Sihanoukville. ...

The labour minister said on Monday that Cambodia’s garment sector grew by 4 percent last year to reach $7.6 billion, which would mark a slowdown in the growth rate compared to previous years. ...

A new cement factory in Battambang province will come online on Friday with an annual production capacity of 1.7 million tonnes of cement, according to Mines and Energy Minister Suy Sem. “We will have finished four cement factories that can produce nearly 7 million tones ...

Brick prices in Cambodia have risen sharply in the last year, a trend that has accelerated over the first two months of this year due to growing demand from the rapidly developing coastal town of Sihanoukville. The price of 10,000 bricks hovered around $180 early ...

Cambodia exported about $3 billion worth of goods to the EU in the first nine months of last year, according to Ouch Borith, a secretary of state at the Foreign Affairs Ministry. Borith’s remarks came at the ministry’s annual meeting and were in response to a ...

Preah Sihanouk provincial authorities and relevant departments have asked businesses and tour operators in Sihanoukville to enhance the city’s beauty and prevent sewage from flowing into the sea, while warning of administrative measures for those failing to comply. A notice concerning order at Ochheuteal Beach was ...

The government released a summary of the country’s industrial sector over the past five years, showing a marked increase in growth across a wide variety of indicators. The report, released by the Ministry of Industry and Handicrafts (MIH) last week, lacks specific data but shows a ...

The government’s strict enforcement efforts against oversized trucks are starting to ensnare legal trucks at checkpoints, further hampering the time-sensitive garment industry, according to the head of the country’s largest trucking federation. ...

The number of tourists, local and international, traveling in Cambodia during the three-day Chinese New Year holiday increased by 54.5 percent in 2018, reaching 864,770, according to a report released yesterday by the Ministry of Tourism. ...

Research has shown some staff in the garment sector can now earn up to $480 each month as unions and the Garment Manufacturers Association in Cambodia congratulated workers for taking home the new minimum monthly wage of $170 for the first time. ...

The Garment Manufacturers Association in Cambodia (GMAC) has appealed to Prime Minister Hun Sen to delay a crackdown on oversized trucks, which has already forced more than half of the vehicles serving the garment industry off of the roads since it was called for by ...

Cambodia’s tourism sector earned $3.63 billion in revenue last year, an increase of 13.3 percent, according to the latest figures from the Ministry of Tourism. Last year, international travellers visiting the kingdom spent 5.6 million, 11.8 percent more than in 2016, according to Kong Sophearak, ...

Businesses expect the establishment of Cambodia’s first marine national park covering seven coastal islands to boost tourism in the area, while government officials said yesterday it would not affect private development scheduled for the islands. ...

Phnom Penh’s NagaWorld casino posted a massive increase in profits and revenue driven by strong growth in high-value guests last year, with the amount of money gambled by VIPs at the capital’s only casino exceeding Cambodia’s gross domestic product for 2016. ...

Bilateral trade between Việt Nam and Cambodia last year surged 29.7 per cent against the previous year to nearly US$3.8 billion, the General Department of Customs reported. Of the total, Việt Nam’s export turnover to this market was $2.77 billion, rising 26.1 per cent against the ...

The National Social Security Fund of the Ministry of Labour said more than 1,600 workers fainted in 22 factories in 2017, an increase of more than 400 from the previous year. According to a Facebook post that published the conclusion of the 2017 annual results and ...

After it graduated from least developed country status in July 2016, Cambodia’s economy has remained healthy with a GDP growth rate of 6.9 per cent in 2017. This was driven by the recovering tourism sector, the ongoing construction boom and the gradual emergence of non-textile ...

Prime Minister Hun Sen said yesterday that a 600-metre building would be constructed in Cambodia, though he did not mention specifics and similar projects proposed in the past have stalled before construction. ...

A tripartite group consisting of employers, unions and the government finished discussing the draft law on minimum wage yesterday. Labour Minister Ith Samheng said yesterday’s talks were the last public workshop to discuss the draft law on minimum wage after two workshops had already taken place. ...

Hunton & Williams LLP is pleased to announce its role as lead transaction counsel to China Road and Bridge Corporation in a $1.8 billion public-private partnership (PPP) development of a 190-kilometer expressway in Cambodia. ...

A Japanese consular office yesterday opened in Siem Reap town in a ceremony attended by Japanese and Cambodian dignitaries. Attending the events were Sieng Nam, CPP lawmaker for Siem Reap province, Chhay Sinarith, deputy National Police commissioner, and Nakane Kazuyuki, the Japanese Minister of Foreign Affairs. ...

A Better Factories Cambodia report shows little improvement in the continued use of short-term contracts and safety and health conditions for workers at surveyed factories, with total compliance of all exporting factories still stuck at less than 50 percent. The International Labour Organisation’s compliance program conducts ...