Industries
Manufacturing
COVID-19: Gov’t to set up new economic measures
Despite no new cases of COVID-19 reported in Cambodia since January, the government is planning new measures to tackle the financial effect the virus continues to have on the country. ...
Chea Vannak
https://www.khmertimeskh.com/50698578/covid-19-govt-to-set-up-new-economic-measures
200 factories could suspend operations: Labor Ministry
Two-hundred factories could suspend their production this month due to a lack of raw materials imported from China, a Labor Ministry spokesman said. ...
Khy Sovuthy Share on facebook Share on twitter
https://cambojanews.com/200-factories-could-suspend-operations-labor-ministry/
Chinese may prioritise Cambodia in meeting raw materials demand
A ranking Chinese Chamber of Commerce official has revealed to Khmer Times that China may prioritise supply Cambodia for its immediate raw materials need to allow the factories here to continue operating. ...
Khmer Times Staff
http://khmertimeskh.com/50696721/chinese-may-prioritise-cambodia-in-meeting-raw-materials-demand
Three ministries to jointly monitor manufacturing sector
Three ministries have set up a joint team to monitor the manufacturing sector’s compliance with existing regulations, including workplace conditions, in a bid to avoid overlapping inspections. ...
Mom Kunthear
https://www.khmertimeskh.com/697044/three-ministries-to-jointly-monitor-manufacturing-sector/
GDCE fasttracks shipping to ease pressure on sector
The General Department of Customs and Excise (GDCE) on Friday issued a set of measures to help the ailing shipping and garment sectors as the supply of raw materials from China dries up. ...
Thou Vireak
https://www.phnompenhpost.com/business/gdce-fasttracks-shipping-ease-pressure-sector
Ministries tackle deep reforms in industries
Ministry of Environment spokesman Neth Pheaktra has announced that four ministries have issued two separate inter-ministerial prakas to create a joint inspection group to look into the manufacturing and tourism sectors to strengthen the effectiveness of work, transparency and accountability. ...
Long Kimmarita
https://www.phnompenhpost.com/national/ministries-tackle-deep-reforms-industries
Factories file for suspension, 3,000 workers to be affected
At least 10 factories have filed for temporary suspension as the supply of raw materials from China dries up, the Ministry of Labour and Vocational Training said on Thursday. This could affect the livelihoods of as many as 3,000 workers. ...
Long Kimmarita
https://www.phnompenhpost.com/national/factories-file-suspension-3000-workers-be-affected
Garment factories cut overtime hours for workers
Garment factory workers are seeing their working hours cut amid China’s coronavirus scare and the EU’s announcement that it will partially withdraw Cambodia’s trade privileges. ...
Khy Sovuthy
https://cambojanews.com/garment-factories-cut-overtime-hours-for-workers/
PM urges China to export urgent raw materials
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. ...
Taing Vida
https://www.khmertimeskh.com/50695610/pm-urges-china-to-export-urgent-raw-materials
Policy against economic risks turns to action
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. ...
May Kunmakara
https://www.phnompenhpost.com/business/policy-against-economic-risks-turns-action
Cambodia faces supply chain crunch, no thanks to COVID-19
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 ...
Khmer Times Staff
https://www.khmertimeskh.com/50694492/cambodia-faces-supply-chain-crunch-no-thanks-to-covid-19
H&M reassess strategy amid EBA withdrawal
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. ...
Niem Chheng
https://www.phnompenhpost.com/national-politics/hm-reassess-strategy-amid-eba-withdrawal
CDC okays investments worth over $83 million
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. ...
Thou Vireak
https://www.phnompenhpost.com/business/cdc-okays-investments-worth-over-83-million
GMAC: Pulling rug from under workers’ feet not way to proceed
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. ...
Niem Chheng
https://www.phnompenhpost.com/national-politics/gmac-pulling-rug-under-workers-feet-not-way-proceed
Garment, footwear, and travel goods exports valued at $9.3 billion
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. ...
Chea Vannak
https://www.khmertimeskh.com/50692028/garment-footwear-and-travel-goods-exports-valued-at-9-3-billion
Hopes to boost textile exports to Japan with added value
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 ...
Chea Vannak
https://www.khmertimeskh.com/50691648/hopes-to-boost-textile-exports-to-japan-with-added-value
Coronavirus likely to result in lay-offs as China factories close
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 ...
Khorn Savi
https://www.phnompenhpost.com/national/coronavirus-likely-result-lay-offs-china-factories-close
CDC approves seven projects in January
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 ...
Thou Vireak
https://www.phnompenhpost.com/business/cdc-approves-seven-projects-january
Rubber exports rise by 30% year-on-year
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 ...
Thou Vireak
https://www.phnompenhpost.com/business/rubber-exports-rise-30-year-year
GMAC: Indian software to up GTF efficiency
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. ...
Hin Pisei
https://www.phnompenhpost.com/business/gmac-indian-software-gtf-efficiency
Government’s study aims to expand rubber revenue
The General Directorate of Rubber announced a joint study on family-owned rubber plantations in three provinces to better understand how growers have responded to the sharp drop in rubber prices over the past nine years. The average cost of rubber has fallen from around $4,600 ...
Thou Vireak
https://www.phnompenhpost.com/business/governments-study-aims-expand-rubber-revenue
Kingdom’s fuel prices fixed despite US-Iran row
Increase tensions between the US and Iran, one of the world’s largest oil producers, could cause prices to fluctuate, the Ministry of Commerce warned on Thursday. However, the ministry said fuel prices in the Kingdom will stick to those announced every 15 days, which are ...
Hin Pisei
https://www.phnompenhpost.com/business/kingdoms-fuel-prices-fixed-despite-us-iran-row
Council approves four investment projects worth $17.2 million
The Council for the Development of Cambodia (CDC) on Monday announced the approval of four investment projects worth some $17.2 million. These are set to create 1,490 jobs. Sun Awesome Garment Co Ltd is to establish a garment and laundry facility in Kampong Cham’s Prey ...
Hin Pisei
https://www.phnompenhpost.com/business/council-approves-four-investment-projects-worth-172-million
Kampong Speu shoe factory construction suspended: Governor
The construction of a shoe factory in Kampong Speu province’s Kong Pisei district has been suspended after local authorities ruled it has not been following technical standards. Officials in the Kingdom are scrambling to inspect completed and under-construction buildings to avoid collapses similar to what ...
Pech Sotheary
https://www.khmertimeskh.com/50677531/kampong-speu-shoe-factory-construction-suspended-governor