Industries
Construction industry cooling down: analysts
Government revenue collected on property transfers and construction services dropped off by 25 percent last year, reflecting a slowdown of the Kingdom’s construction sector despite a surge in the reported value of investment in real estate development projects, according to analysts. ...
Hor Kimsay
http://www.phnompenhpost.com/business/construction-industry-cooling-down-analysts
ILO warns of Brexit threat to garments
Cambodia’s critical garment export sector could face major risks in both the short and long term from the U.K.’s surprise vote last year to exit the E.U., the International Labor Organization (ILO) has warned. ...
Zsombor Peter
https://www.cambodiadaily.com/business/ilo-warns-of-brexit-threatto-garments-123535/
Japanese investment in light industry desired
Cambodia hopes to see Japanese investment in the light industry sector, which will help develop the kingdom’s labor force. Minister of Commerce Pan Sorasak, in a meeting last week with Japanese Ambassador to Cambodia Hidehisa Horinouchi, asked Japan to consider investing in the light industry sector. ...
Chea Vannak
http://www.khmertimeskh.com/news/34342/japanese-investment-in-light-industry-desired/
Chinese top Angkor Wat
Most of the foreign tourists who visited the UNESCO World Heritage-listed Angkor Archaeological Park last year hailed from China, the Angkor Institute said yesterday. ...
Chea Vannak
http://www.khmertimeskh.com/news/34172/chinese-top-angkor-wat/
Affordable housing for all
Affordable houses for low-income earners and state workers will go on sale within two weeks after a groundbreaking ceremony on Saturday. The project, aimed at the lower middle class, low-income earners and state workers, will be restricted at first to low-income civil servants, said building contractor ...
Sok Chan
http://www.khmertimeskh.com/news/34013/affordable-housing-for-all/
Cambodia’s property market continues to trend upwards, evolve
2015 saw a spike in foreign direct investment (FDI), and the property sector was a big benefactor of these investments both in terms of headline investments in new development projects, and also from foreign individuals investing in one or numerous condos, SoHo units or strata ...
Post Staff
http://www.phnompenhpost.com/post-property/cambodias-property-market-continues-trend-upwards-evolve
Skilled workers and infrastructure needed
Cambodia needs about $12 billion over a 10-year period to invest in the development of a skilled workforce and improved infrastructure in order to meet the goals of its Industrial Development Policy (IDP), Commerce Minister Pan Sorasak said recently. ...
Post Staff
http://www.phnompenhpost.com/business/skilled-workers-and-infrastructure-needed
Mega construction supply center
A Chinese company will spend roughly $60 million to build a construction supply center on the outskirts of Phnom Penh after finalizing a land leasing agreement with the Phnom Penh Autonomous Port (PPAP) on Friday. Yunnan Sengmao Investment will build the aptly named Construction Material Supplies ...
May Kunmakara
http://www.khmertimeskh.com/news/33862/mega-construction-supply-center/
900,000 Chinese tourists in 2016
Cambodia last year recorded around 900,000 Chinese tourist arrivals and the kingdom is on track by 2020 to host about seven million foreign tourists, with two million of them coming from mainland China, according to the Tourism Ministry yesterday. ...
Chea Vannak
http://www.khmertimeskh.com/news/33864/900-000-chinese-tourists-in-2016/
Amid building boom, safety left dangling
Sroeun, 43, a former rice farmer from Kandal province, said he was sure there had never been any accidents at his construction site. “Small things happen. Scratches on our hands,” he said, declining to give his full name as a supervisor stood nearby during a break ...
Aisha Down
https://www.cambodiadaily.com/news/amid-building-boom-safety-left-dangling-122063/
Garment workers continue protest
Nearly 1,700 garment factory workers in Svay Rieng province’s Bavet town entered day five of their protest yesterday against a factory over wage cuts as well as allegations that the factory was responsible for the assault of a union representative. Protestors accused Lu Thai (Cambodia) of ...
Pech Sotheary
http://www.khmertimeskh.com/news/33115/garment-workers-continue-protest/
$30B casino, theme park project mooted
MQ Technology Bhd, a Malaysian investment holding company, is looking to form a joint venture with a newly formed entity, Cambodian Resorts and Entertainment Co Ltd, to build a $30 million casino and theme park in Prey Veng province near the Vietnamese border, according to ...
Kali Kotoski
http://www.phnompenhpost.com/business/30b-casino-theme-park-project-mooted
Low-income housing project to start
Construction will start next month on a project to build affordable public housing for the lower middle class, low-income earners and state workers. Urban Planning and Land Management Minister Chea Sophara said the price of a home in the project would be between $20,000 and $25,000. ...
Sok Chan
http://www.khmertimeskh.com/news/32992/low-income-housing-project-to-start/
Kolao revs up its investment
Kolao Group, a South Korean-owned automaker and distributor, plans to build factories in a proposed industrial park in Cambodia to assemble its proprietary line of automobiles and motorcycles, a company executive said yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/kolao-revs-its-investment
Minebea opens third plant
Minebea, the largest Japanese company in Cambodia, officially opened a third manufacturing plant in the Phnom Penh Special Economic Zone yesterday to coincide with the fifth anniversary of its presence in the country. Yoshihisa Kainuma, president and CEO of Mineba (Cambodia), told reporters at the ...
Sok Chan
http://www.khmertimeskh.com/news/32942/minebea-opens-third-plant/
Advocates, employers tussle over compliance
Local garment sector stakeholders failed to find common ground at a meeting on supply chain safety protocols, with the government and employers expressing reluctance to take on an additional level of responsibility. ...
Ananth Baliga
http://www.phnompenhpost.com/national/advocates-employers-tussle-over-compliance
Coke’s new $100 million plant
Coca-Cola officially opened a new $100 million plant in Phnom Penh yesterday to expand its production capacity to meet increased demand for the Coke beverage in the Kingdom and Asean. The plant, situated on a 12.5-hectare land, in the Phnom Penh Special Economic Zone is able ...
Sok Chan
http://www.khmertimeskh.com/news/32783/coke---s-new--100-million-plant/
Chinese firm eyes steel mill
One of China’s largest steelmakers is seeking partners in Cambodia to build a steel mill that will reduce the Kingdom’s dependency on imported steel for its construction sector, a company executive said. Weng Wei Min, director of the economic cooperation department at Hangzhou Iron and ...
Cam McGrath and Joey Chua Xue Ting
http://www.phnompenhpost.com/business/chinese-firm-eyes-steel-mill
Pigs call first dibs on feed
AGRO-Industrial conglomerate Mong Reththy Group inaugurated its first feed mill on Friday, with the factory’s production line aimed foremost at supplying the group’s industrial pig-rearing operation, a company executive said yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/pigs-call-first-dibs-feed
Red carpet for Chinese investors
The high-profile investment conference, held under the tagline “Cambodia: The Kingdom of Opportunity Along The ‘One Belt, One Road”, saw representatives of more than 200 Chinese companies gather at a hotel conference centre on the outskirts of the capital. The full-day event was jointly organised ...
Joey Chua Xue Ting and Cheng Sokhorng
http://www.phnompenhpost.com/business/red-carpet-chinese-investors
Yellow vine factory closed
Officials from Koh Kong province’s environment department have confirmed that the construction of a yellow vine processing plant has been halted after a directive from the Environment Ministry. Department chief Morn Phalla said that while the plant’s construction had ceased, factory equipment was on the site ...
May Titthara
http://www.khmertimeskh.com/news/32688/yellow-vine-factory-closed/
Luxury time-share resort
A Japan-based firm plans to invest $3 million to develop a time-share resort built to five-star hotel standards on Kirirom Mountain – about 110 kilometers northwest of Phnom Penh – with construction to start next year. ...
Sum Manet
http://www.khmertimeskh.com/news/32625/luxury-time-share-resort/
Minebea readies third factory
Japanese electronics manufacturer Minebea expects to complete construction of its third factory in Cambodia by the end of the year, allowing the company to diversify its operations toward more value-added products, a company official said yesterday. ...
Kali Kotoski
http://www.phnompenhpost.com/business/minebea-readies-third-factory
Friendship city planned
A $1.5 billion new satellite city called the Cambodia-China Friendship City is to be built in the capital’s northern suburbs next year adjoining the Ly Yong Phat Satellite City. According to local media reports, the construction of the friendship city would be undertaken jointly by the ...
Chea Vannak
http://www.khmertimeskh.com/news/32345/friendship-city-planned/