Industries

Manufacturing

Wal-Mart and H&M Pay $200,000 to Cambodian Workers in Historic Settlement

When tales emerge from the retail supply chain, they’re usually tragic, like the alleged sweatshop conditions at the Foxconn (HKG:2038) plants that churn out Apple (NASDAQ:AAPL) products, or the 112 Bangladeshi workers who died when their factory, where clothes for Wal-Mart (NYSE:WMT), Sears Holdings (NASDAQ:SHLD), ...

http://www.minyanville.com/sectors/consumer/articles/WalMart-and-H2526M-Pay-2524200000-to/3/14/2013/id/48722#ixzz2NZEjJhlW

Sihanoukville land prices largely flat

Land prices in Preah Siahnouk province have risen slightly, by 5 to 10 per cent in early 2013, despite increasing numbers of tourists who have visited Cambodia and travelled to the province. Cheng Kheng, director of the CPL real estate company and president of Cambodian Valuers ...

http://www.phnompenhpost.com/2013031461949/Real-Estate/sihanoukville-land-prices-largely-flat.html

Camko City’s potential seen

Property experts say the Camko City project has a great deal of potential, after visiting and studying the satellite city last week. Kim Heang, general manager of Khmer Real Estate Co, said that he is very interested in Camko City because he has seen that it ...

http://www.phnompenhpost.com/2013031461948/Real-Estate/camko-city-s-potential-seen.html

Limited yarn supply troubles Cambodian silk industry

The silk industry of Cambodia is in rapid decline due to limited domestic supply of silk yarn and high cost of imported raw materials. According to the latest data released by the Food and Agriculture Organization (FAO)-Cambodia, the Southeast Asian nation imports 395 tonnes of raw ...

http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=122102

Cambodia’s Economic Growth Will Help Poverty Reduction

Cambodia economic growth was 7.3 percent in 2012. Agriculture grew by 4.3 percent, crops by 4.9 percent, fisheries by 6.7 percent, industry by 9.2 percent, garment [sector] by 6.9 percent and the service industry by 8.1 percent, said Dr Hang Chuon Naron, Secretary of State ...

http://thesoutheastasiaweekly.com/

Bonna Reality inks deal with Malaysian real estate developer

Bonna Realty Group yesterday signed an agreement with the National 6A Investment, a Malaysian real estate developer, to be an authorised sales agent for a 10-storey condominium that is currently being constructed and is expected to be finished by the end of 2014. The National 6A ...

http://www.phnompenhpost.com/2013030861822/Business/bonna-reality-inks-deal-with-malaysian-real-estate-developer.html

Foreign activists detained

Police arrested five activists from labour-rights group Clean Clothes Campaign yesterday outside the E Garment factory in Kandal province. Neuv Sakhan, deputy director of the Kandal provincial immigration police, told the Post four women and one man, from Norway, Belgium, England and Austria, had been taken ...

http://www.phnompenhpost.com/2013030661780/National/foreign-activists-detained.html

Demand for wage increases rejected

Cambodia, with over 400 garment and footwear factories, has become an Asian clothes manufacturing center, and hugely profitable for the factory owners They have rejected a demand by the Cambodian Confederation of Unions to double the minimum monthly wage of factory workers from $61. The ...

http://www.vancouversun.com/business/Demand+wage+increases+rejected/8044435/story.html#ixzz2MYys4mpC

Unpaid Garment Workers Continue Protests

Some 200 garment factory workers protested at the Ministry of Social Affairs on Friday, a day after they held a demonstration in front of the Swedish Embassy in Phnom Penh and urged diplomats to intervene in a labour dispute involving unpaid wages from a factory ...

http://www.cambodiadaily.com

Cambodia's economy grows by 7.3% in 2012: PM

Cambodia achieved a GDP growth rate of 7.3 percent last year, Prime Minister Hun Sen said Wednesday, forecasting that the growth would be higher than 7 percent this year. Addressing a conference on 2013 Cambodia Outlook, he said the growth last year came from strong growth ...

http://news.xinhuanet.com/english/business/2013-02/20/c_132180432.htm

Private residential property in Cambodia attracting foreign investors

Private residential property in Cambodia is being seen by some investors as relatively cheap, with potential for attractive returns. Industry players believe these factors are the main draw for foreign buyers, looking to grow their money in Cambodia. Keuk Narin, vice president of Asia Real Estate Cambodia ...

http://www.channelnewsasia.com/stories/marketnews/view/1253968/1/.html

Investment Or Imperialism? Tracking China's Big Ambitions In Cambodia

A few years ago this scene would have played out in China. More specifically, it would have played out in a Chinese coastal region to which millions of rural folks had arrived looking for work. A huge hangar, piles of fabrics of all colors at both ...

http://www.worldcrunch.com/business-finance/investment-or-imperialism-tracking-china-039-s-big-ambitions-in-cambodia/cambodia-china-investment-corruption-development/c2s10857/#.URRx2PLEPXQ

De Castle Royal to​ be​ completed by 2014

The De Castle Royal Condominium project, which has been on hold for some time, has announced that it will go back on the market after gaining $28 million in loans from Canadia Bank, which will allow for the completion of the 32-storey-building. The general manager of ...

http://www.phnompenhpost.com/2013020761213/Real-Estate/de-castle-royal-to-be-completed-by-2014.html

Cambodia attracts 9.17 bln USD investment from China in last 18 years

Cambodia has attracted 9.17 billion U.S. dollar investment from China in the last 18 years ( 1994-2012), making China become the largest investor in this country, showed a government report on Wednesday. According to the report, China’s investment in Cambodia focused on the fields ...

http://news.xinhuanet.com/english/business/2013-02/06/c_132154931.htm

Capital ideas for developers

Peering out over the Tonle Sap River in Phnom Penh from a sixteenth-storey private balcony at the new Bellevue Apartments, one could watch for hours as cranes swing back in forth over all the new developments on the west side of the water. “Phnom ...

http://www.bangkokpost.com/business/economics/332995/capital-ideas-for-developers

Government okays maize imports

The cabinet approved a plan for the Public Warehouse Organisation to import 450,000 tonnes of tariff-free maize from Laos and Cambodia. Another 250,000 tonnes of maize would be imported from Cambodia, with 100,000 tonnes in August and another 150,000 tonnes between November and January 2014 ...

http://www.bangkokpost.com/business/economics/331949/government-okays-maize-imports

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