Industries
GMAC asks for delay on truck ban
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 ...
Hor Kimsay
http://www.phnompenhpost.com/business/gmac-asks-delay-truck-ban
Tourism sector worth $3.6 billion in 2017
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, ...
Chea Vannak
http://www.khmertimeskh.com/50108419/tourism-sector-worth-3-6-billion-2017/
Development plans for Koh Rong and nearby islands unchanged by marine park
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. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/development-plans-koh-rong-and-nearby-islands-unchanged-marine-park
NagaWorld’s profits soar in 2017
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. ...
Brendan O’Byrne
http://www.phnompenhpost.com/business/nagaworlds-profits-soar-2017
Việt Nam, Cambodia’s bilateral trade surged 30% in 2017
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 ...
Viet Nam News
http://vietnamnews.vn/economy/422484/viet-nam-cambodias-bilateral-trade-surged-30-in-2017.html#q1s8ssWTMd4ceTep.97
Jump in fainting cases in 2017 for garment workers
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 ...
Pech Sotheary
http://www.khmertimeskh.com/50106532/jump-fainting-cases-2017-garment-workers/
Commentary: Cambodia can no longer depend on old drivers of growth
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 ...
Heng Pheakdey
https://www.channelnewsasia.com/news/asiapacific/commentary-cambodia-can-no-longer-depend-on-old-drivers-of-9918992
Massive skyscraper floated again
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. ...
Robin Spiess and Hor Kimsay
http://www.phnompenhpost.com/business/massive-skyscraper-floated-again
Minimum wage law talks conclude
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. ...
Mom Kunthear
http://www.khmertimeskh.com/105452/minimum-wage-law-talks-conclude/
Hunton & williams advises on commercial close for $1.8 billion Cambodian expressway project
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. ...
Business Wire
https://www.businesswire.com/news/home/20180130005036/en/Hunton-Williams-Advises-Commercial-Close-1.8-Billion
Japan consular office launches in Siem Reap
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. ...
Pav Suy
http://www.khmertimeskh.com/50104958/japan-consular-office-launches-in-siem-reap/
Report shows little sign of improvement at factories
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 ...
Yon Sineat and Ananth Baliga
http://www.phnompenhpost.com/national/report-shows-little-sign-improvement-factories
Working conditions improving in garment factories: ILO
A report released Tuesday by Better Factories Cambodia (BFC), a programme of the International Labour Organisation, found that compliance in the garment industry with working conditions regulations has improved substantially in the last four year. ...
May Kunmakara
http://www.khmertimeskh.com/50103908/working-conditions-improving-in-garment-factories-ilo/
Ministry rebuts reports of Chinese money laundering through property market
The spokesman for the Ministry of Foreign Affairs hit back at news reports about Chinese investors laundering their money through Cambodia’s real estate market on Monday, calling them “baseless”. ...
Ben Sokhean
http://www.phnompenhpost.com/national/ministry-rebuts-reports-chinese-money-laundering-through-property-market
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/