Industries

Manufacturing

Workers at Factories Supplying Major Brands Continue Protests

About 3,000 garment workers from two factories that supply clothes to international brands Levi Strauss, H&M and Gap continued protesting for higher wages yesterday in Phnom Penh’s Meanchey district, before marching to the Ministry of Social Affairs. Upon arriving at the ministry, workers employed by the ...

Nan Sy told to sell his real estate

Fugitive former ambassador to Brunei Nan Sy had been ordered to sell his two properties to pay back funds embezzled from the Ministry of Foreign Affairs and International Co-operation, officials said yesterday. ...

http://www.phnompenhpost.com/index.php/2012051756216/National-news/nan-sy-told-to-sell-his-real-estate.html

Property Prices See First Rise Since 2009

Property prices in Phnom Penh are rising for the first time since 2009, growing by as much as 10 percent in some areas of the capital during the first quarter of the year, real estate experts said yesterday. After years of stagnation in the property sector ...

Cambodian education investor explains his turn to real estate

Chea Sokheng, general director of Arizon Group Ltd, a potential investor in Cambodia’s education and real estate sectors, said that investment in education is a main contributor to developing human resources and growth of the national economy. Though he mentioned the opportunity to invest in the ...

http://www.phnompenhpost.com/index.php/2012050956044/Business/cambodian-education-investor-explains-his-turn-to-real-estate.html

Salt farmers extend season by one month

In an effort to make up for the low salt yield this year caused by unexpected rainfall during the dry season, farmers in salt-producing Kep and Kampot provinces said yesterday that they would try to continue harvesting the mineral for another month even though the ...

Demand slow for Phnom Penh office space

Slow demand for office space in Phnom Penh is leaving the owners of high-rise buildings constructed in recent years struggling to find clients, according to real estate experts. But construction of the Vattanac Capital Tower, a $150 million, 36-story building slated to open its first ...

More Than 100 Workers Faint At Nike Factory

More than 100 female workers fainted yesterday in Kompong Speu province at a Taiwanese-owned garment factory manufacturing clothes for the US sports brand Nike, an official from the Ministry of Labor said. Pok Vanthath, deputy director of vocational safety inside the ministry’s health department, said he ...

Thai agro-processing plant nears completion

BETAGRO Group, one of Thailand’s largest integrated agro-industry businesses, announced this week that its US$16.3 million animal feed plant in Cambodia is 95 percent complete. The plant, 12 kilometers from Phnom Penh, will initially produce 12,000 tonnes of animal feed per year, but that number ...

http://www.phnompenhpost.com/index.php/Business/

Imports Fill the Gap as Domestic Silk Production Dwindles

Cambodia is importing hundreds of tons of silk from China and Vietnam to compensate for a fast-declining domestic industry, which is suffering due to producers opting to grow other crops instead or raising silk worms, according to silk producers. Men Sinoeun, director of the Artisans’ Association ...

Severe Rains Slow Salt Farmers’ Harvest Goals

Salt farmers in Kampot and Kep may be unable to harvest the roughly 90,000 tons they sell annually due to excessive rains, and the country may have to turn to foreign markets, producers said yesterday. Ly Sreng, deputy chief of the Kep-Kampot Salt Producers Community, ...

A Female Entrepreneur Remains Strong as Silk

Seng Takakneary started her business in a one-room shop with two sewing machines in 2004. Today, Ms. Takakneary’s Sentosa Silk employs about 100 staff in Phnom Penh who produce a range of fine Cambodian silk items, including pillows, curtains, bedspreads, dresses, shirts and bags. Since ...

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Furniture Business On The Rise

More people are buying furniture thanks to a growing construction sector and solid economic growth. Cambodia’s economy grew by 6.9 percent in 2011 and is expected to grow by 6.5 percent for the next two years, according to the Ministry of Economy and Finance. Meanwhile, the ...

http://www.etmcambodia.com/blog.php?article=197

Factory for named brands slammed for faintings

Low wages and a lack of occupational health and safety measures led to a mass fainting on Tuesday at a Phnom Penh garment factory that produces clothes for well-known brands Wal-Mart, Target and Reebok, according to a statement released by the Community Legal Education Center ...

EU crisis hurting silk sector

Europe’s continued economic troubles have weighed heavily this year on Cambodian silk producers, officials and industry insiders said yesterday. Debt woes in the euro zone, the Kingdom’s main export market for silk, have caused job losses, among other issues, according to officials. Cambodian Craft Cooperation, ...

Rann Reuy
http://www.phnompenhpost.com/index.php/2011120153074/Business/eu-crisis-hurting-silk-sector.html

60 businessmen protest annulment of fishing lot licenses

About 60 businessmen from Kompong Cham province protested at the Agriculture Ministry yesterday over Prime Minister Hun Sen’s decision to cancel their bids to operate fishing lots. Mr Hun Sen on Friday annulled the results of an October bidding process for companies interested in operating fishing lots ...

Boeng Kak evictees protest, demand compensation

About 150 former Boeng Kak lake residents staged a protest at Phnom Penh’s Freedom Park yesterday, demanding more compensation than they initially received when they were evicted from their homes to make way for a real estate project owned by the firm of a CPP ...

Beverage firms, telcos lift revenues

Advertising companies generated $73.6 million in revenue during the first nine months of the year, a 28 percent increase compared to the same period in 2010, according to data released by marketing research firm Indochina Research. Beverage and telecommunication companies led the way, spending $12.75 million ...

Japanese mall buys swathe of prime real estate

In one of Phnom Penh’s biggest land deals to date, Japanese shopping mall developer Aeon Mall Co Ltd has bought 6.7 hectares of prime real estate from South Korea’s GS Engineering & Construction, a firm that was once slated to build the tallest building in ...

Cambodia establishes Constructors Association

The Constructors Association (C.A.) was officially formed on October 7th with an aim to develop the country’s construction and real estate sector. The C.A. launching ceremony was presided over by Senior Minister and Minister of Land Management, Urban Planning and Construction H.E. Im Chhun Lim. ...

http://thesoutheastasiaweekly.com/

Demand for city property slowly returning

Phnom Penh is making a comeback after years of sluggishness and weak demand in the property sector, real estate agents said. Rose Condominiums, a project in Chamkar Mon district consisting of eight 28 and 29-story towers holding more than 350 units, has already sold out ahead ...

Real estate developers warned

Unlicensed real estate developers may find their projects blacklisted if they fail to register with the Ministry of Economy and Finance (MEF), a ministry official said yesterday. The MEF published the names of three developers in a local paper last week and has promised to warn ...

http://www.phnompenhpost.com/index.php/2011091651705/Business/real-estate-developers-warned.html

Another Worker Faints at M&V Garment Factory

Another worker fainted at the M&V International Manufacturing Ltd garment factory in Kompong Chhnang yesterday morning, sparking “hysteria” and resulting in 10 workers having to return home to rest, a union official said. Two mass-fainting incidents occurred at the factory, which produces clothes for outfitter ...

Phok Dorn and Alice Burke, P. 35
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