Industries

Ministry, US body sign MoU to increase exports

The Labour Minister said he expects buyers from America to increase their orders both in the textile and footwear industry after a Memorandum of Understanding (MoU) was signed on Monday between the Ministry of Labour and the American Center for International Labor Solidarity.   ...

Mom Kunthear
http://www.khmertimeskh.com/50103562/ministry-us-body-sign-mou-to-increase-exports/

Labour Ministry signs pact with US agency

The Labour Ministry is expecting American buyers to increase their orders after a memorandum of understanding between the ministry and the American Centre for International Labour Solidarity on “Cooperation in the Field of Labour” was signed. ...

Mom Kunthear
http://www.khmertimeskh.com/50103718/labour-ministry-signs-pact-with-us-agency/

Road safety policy planned

The Labour Ministry is planning to launch a national policy to cut the number of traffic accidents involving garment workers being driven to and from factories. The policy will encourage employers and drivers to prioritise road safety. Labour Minister Ith Samheng yesterday addressed a workshop on the ...

Sen David
http://www.khmertimeskh.com/50103746/road-safety-policy-planned/

Labour union sued by factory

The owner of Gawon Apparel factory in Kandal province’s Takhmao city has sued the Coalition of Cambodian Apparel Workers’ Democratic Union for continuing its protest and has requested Labour Ministry intervention. ...

Mom Kunthear
http://www.khmertimeskh.com/50103467/labour-union-sued-by-factory/

Preah Sihanouk land brokers given warning

Preah Sihanouk’s provincial governor on Wednesday warned that legal action would be taken against any brokers trying to grab land in the Kbal Chhay area, where it is prohibited to build property or sell land plots. The warning came after provincial authorities discovered that in recent ...

Pech Sotheary
http://www.khmertimeskh.com/50103182/preah-sihanouk-land-brokers-given-warning/

Construction project approvals up, but locals aren't reaping the rewards

The government announced a more than 20 percent increase in approved construction projects last year over the year before, but not all the benefits of the booming industry are being passed on to Cambodian workers and property buyers, according to industry insiders. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/construction-project-approvals-locals-arent-reaping-rewards

Chinese demand drives construction boom in Cambodia

The value of construction projects in Cambodia rose more than 22 percent to $6.4 billion in 2017 from the previous year, according to official figures released on Tuesday that showed the impact of a boom driven by Chinese investors. The high level of Chinese investment is ...

Prak Chan Thul
https://www.reuters.com/article/cambodia-construction/chinese-demand-drives-construction-boom-in-cambodia-idUSL3N1PB2YA

Sihanoukville ranks amongst the top global holiday destinations for 2018

The New York Times has released their starter kit for escaping into the world – their renowned list of the “52 best places to go in the world”. The beaches of Sihanoukville ranked at number 13 on the list amongst other top destinations such as ...

Realestate.com.kh
http://www.khmertimeskh.com/50102547/sihanoukville-ranks-amongst-the-top-global-holiday-destinations-for-2018/

New shophouse project in a good location

The Ly Yong Phat (LYP) Group announced it will invest millions of dollars to develop The Premier Land project to meet the demand for shophouses, thanks to the potential the location has for the development. ...

Sum Manet
http://www.khmertimeskh.com/50102543/new-shophouse-project-in-a-good-location/

Tourism pushing up land prices in Siem Reap

Land prices in Siem Reap town increased slightly last year compared with the previous year, thanks to the growing strength of the tourism industry, according to insiders. The provincial capital saw prices rise about five percent in residential areas in 2017 and about 10 percent ...

Sum Manet
http://www.khmertimeskh.com/50102545/tourism-pushing-up/

Kampong Cham tourist site planned

More than 5,000 sugar palm trees will be planted at an ancient historical site in Kampong Cham province’s Srei Santhor district in an effort to turn the area into a tourist attraction. ...

Khy Sovuthy
http://www.khmertimeskh.com/50102520/kampong-cham-tourist-site-planned/

Vietnamese-funded market on border begins construction

Construction began yesterday on a $2 million Vietnamese-funded market located in Tbong Khmum province’s Memot district, about 1 kilometre from the nearest border crossing between Cambodia and Vietnam. ...

Hor Kimsay
http://www.phnompenhpost.com/business/vietnamese-funded-market-border-begins-construction

Kampot’s seaport to break ground in March

With the bidding process for the project coming to an end, the construction of a new seaport for tourist vessels in Kampot will begin in March, a representative of Kampot’s tourism department told Khmer Times. ...

Sum Manet
http://www.khmertimeskh.com/50102228/kampots-seaport-to-break-ground-in-march/

Bag firm plans to grow local operations

Wah Sun Handbags International Holding unveiled plans yesterday to expand its Cambodia operations, citing the country’s low labour costs as the primary reason for the move. In a filing on the Hong Kong Stock Exchange, the handbag manufacturer announced plans to raise up to $18 ...

Hor Kimsay
http://www.phnompenhpost.com/business/bag-firm-plans-grow-local-operations

Workers to hawk factory machines

More than 500 workers from the Benoh Apparel factory in Meanchey district’s Stung Meanchey commune yesterday agreed to sell the remaining machines in the factory to cover their lost pay after the owner went bankrupt and fled the country. ...

Sen David
http://www.khmertimeskh.com/50101011/workers-hawk-factory-machines/

Cambodia finds new target for real estate: Chinese investors

Across this traditionally low-rise Cambodian capital, a building boom is becoming more noticeable as it pushes higher into the sky, and its largest projects are often geared towards Chinese investors, who have only recently taken interest in the nation’s real estate market.​ ...

Chris Horton
https://www.nytimes.com/2018/01/09/business/cambodia-real-estate.html

Garment factory shutters, leaving hundreds unpaid

Garment workers at the Benoh Apparel factory in the capital’s Meanchey district returned to work this week after a two-month suspension to find the building abandoned, prompting a protest demanding compensation from the government. ...

Yon Sineat and Andrew Nachemson
http://www.phnompenhpost.com/national/garment-factory-shutters-leaving-hundreds-unpaid

Chinese delegation explores local market

A delegation of some of China’s biggest companies in the food-processing industry is scouring the local market for investment opportunities in the agriculture sector. Headed by He Jianxiang, the deputy director-general of the Bureau of Product Processing at China’s Ministry of Agriculture, the delegation met ...

Sok Chan
http://www.khmertimeskh.com/50100169/chinese-delegation-explores-local-market/

Angkor ticket sales earns $107 million

The Angkor Archeological Park, which include the famed Unesco-listed Angkor temples, earned income from entry tickets of $107.9 million in 2017, a 72.5 percent increase compared with the year before. ...

Chea Vannak
http://www.khmertimeskh.com/5099220/angkor-ticket-sales-earns-107-million/

Workers protest over ‘RCAF’ factory guards

Roughly 100 garment workers protested again in front of Pou Yuen Enterprise Ltd yesterday amid allegations that the shoe factory hired Royal Cambodian Armed Forces (RCAF) soldiers to act as security guards for the company. ...

Mech Dara
http://www.phnompenhpost.com/national/workers-protest-over-rcaf-factory-guards

Changes ahead for Sihanoukville

The government is planning to build a massive economic zone in Preah Sihanouk province to accommodate up to 10,000 factories similar to Thailand’s eastern economic corridor. ...

May Kunmakara
http://www.khmertimeskh.com/5097894/changes-ahead-sihanoukville/

Industrial development plan to boost economy is ‘90%’ on track​

An ambitous 10-year plan to boost the country’s industrial development is “90 percent” on track and has earned the approval of Prime Minister Hun Sen, government representatives said yesterday.​ ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/industrial-development-plan-boost-economy-90-track

Insiders say new concrete factories not enough to stabilise local sector

Four new Cambodian cement factories are set to come online in the near future, tripling the number of local producers, but insiders and officials this week maintained that even increased capacity will not significantly lower rates of cement imports to Cambodia due to prevailing high ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/insiders-say-new-concrete-factories-not-enough-stabilise-local-sector

PM dares landlords to get rent hikes from him

Prime Minister Hun Sen reiterated his demand for the owners of garment worker housing to freeze rents in 2018 yesterday, telling the leasers to come to him personally if they disagreed with the order. ...

Yon Sineat
http://www.phnompenhpost.com/national/pm-dares-landlords-get-rent-hikes-him

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