Industries

‘Only paying lip service’

Prime Minister Hun Sen yesterday accused the opposition Cambodia National Rescue Party of hypocrisy, claiming that although the CNRP has pushed garment workers to strike for no less than a $160 minimum wage, party leaders pay their own bodyguards, drivers and cooks half that. Opposition leader ...

May Titthara and Kevin Ponniah
http://www.phnompenhpost.com/national/%E2%80%98only-paying-lip-service%E2%80%99

Cambodia garment sector has Asia's highest rate of unionization

Cambodia’s garment sector has the highest rate of unionization of any industry in Asia, Cambodia Federation of Employers and Business Associations Van Sou Leng said Tuesday. “Major efforts are needed to improve the quality of workplace relations,” Van said in a statement posted on the Camfeba ...

The Cambodia Herald
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NDA0NmM5MWU5YjN

Firm begins process to determine IPO share price

Grand Twins International (Cambodia) Plc., a manufacturer of clothes for U.S. athletic brands, on Monday will begin recording investor demands to determine the price for an initial public offering (IPO) as part of the last steps to list on the Cambodian Stock Exchange (CSX), though ...

Joshua Wilwohl
http://www.cambodiadaily.com/business/firm-begins-process-to-determine-ipo-share-price-53869/

Taiwan's bike makers shrug off challenge from Cambodia

Giant Bicycles founder and chairman King Liu said on March 5 that Taiwan’s bicycle manufacturers are still competitive, despite the challenge from Cambodian competitors becoming stronger due to the country’s favorable tax policy. Bicycles exports from Taiwan were down 11.49% year-on-year in 2013, while exports ...

Want China Times News Staff
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140311000004&cid=1206

Pestech bags RM282m contract in Cambodia

Integrated electric power technology provider Pestech International Bhd has bagged a contract worth US$86.065 million (RM282 million), to construct a 198km transmission line for the transmission of power from existing and future power plants in the Sihanoukville area to Phnom Penh City, Cambodia. Pestech’s wholly-owned Cambodian ...

The Sun Daily News Staff
http://www.thesundaily.my/news/981297

Cambodia tightens aviation security after Malaysian flight vanishes

Cambodia would further tighten security on passengers’ identities following the disappearance of a Malaysia Airlines plane with two passengers boarding with stolen passports, a senior official at the Security and Safety Department at the Civil Aviation said Monday.   “In fact, our security at all airports is ...

Asean-China Centre News Staff
http://www.asean-china-center.org/english/2014-03/11/c_133177136.htm

Dreamworld operator sees revenue drop

Entertainment Gaming Asia (EGA), which operates casinos and slot machines in Cambodia and the Philippines, recorded a 9 percent drop in revenue last year compared to 2012, from $26.8 million to $24.3 million, according to the company’s annual report. EGA operates casinos in Pailin and Poipet ...

Simon Henderson
http://www.cambodiadaily.com/business/dreamworld-operator-sees-revenue-drop-53867/

ILO, Camfeba outline ways to improve investment climate

The International Labor Organization said it would launch on Wednesday two reports outlining ways to improve the investment climate in Cambodia. The first report, by the ILO, analyses Cambodia’s performance in 17 areas and contains a national survey of workers and employers. Key areas include ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YzJiMjE2YzkzYTA

Families in Boeng Kak asked to give up land for titles

Families still waiting for promised land titles in Phnom Penh’s Boeng Kak neighborhood said Sunday that the municipal government is offering to give them their long-awaited tenure rights only if they agree to give up part of their land. About 100 Boeng Kak families were left ...

Zsombor Peter and Hul Reaksmey
http://www.cambodiadaily.com/news/families-in-boeng-kak-asked-to-give-up-land-for-titles-53749/

Cambodia envoy lauds Clark airport growth

Cambodia Ambassador Tuot Panha said the viability of Clark International Airport will make it one of the progressive international gateways in the Philippines. The ambassador said she would like to see flights between Clark and Phnom Penh or Clark and Siem Reap, now one of the ...

Sun Star News Staff
http://www.sunstar.com.ph/pampanga/local-news/2014/03/09/cambodia-envoy-lauds-clark-airport-growth-332246

Royal Group denies report that Cellcard seeks investor

Royal Group executives, owners of Cambodia’s leading mobile phone operator Cellcard, vigorously denied the veracity of a London-based media report on Friday that claimed the phone company is looking for investors and wants to sell off its telecommunications towers because it is unable to raise ...

Joshua Wilwohl
http://www.cambodiadaily.com/business/royal-group-denies-report-that-cellcard-seeks-investor-53741/

GMAC welcomes government commitment to labor law

The Garment Manufacturers Association of Cambodia says it appreciates and supports government action to enforce the union registration provision of the Cambodian Labor Law. In a statement released Friday, GMAC noted that Article 269 of the law stipulated that administrators and managers of professional organizations had ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=Zjk0NjIzYTNiNmE

British institute preparing report on garment factory safety

Britain’s Royal Institute of Chartered Surveyors says it is preparing a report for the Cambodian government on possible steps to reassure garment buyers about factory safety. The report by the institute, which investigated the Rana Plaza garment factory collapse in Bangladesh last year, will also include ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=Y2EyZTc5ODg0YWF

Cambodian anti-riot police conduct exercise in preparation for future protests

The Phnom Penh Municipal Police held a special training at the capital’s Olympic Stadium on Thursday afternoon in preparation for any future demonstrations. More than 2,000 policemen, armed with shields and batons, joined the half-day training, Gen. Chuon Sovann, chief of the Phnom Penh Municipal Police, ...

The Global Times News Staff
http://www.globaltimes.cn/content/846812.shtml#.UxlFfD-Sylt

City Hall wants World Bank, NGOs to compensate evicted families

Representatives of some of the 3,000 families evicted from Phnom Penh’s Boeng Kak neighborhood in recent years said Thursday that municipal government officials, who were ultimately responsible for the mass evictions, told them they would be inviting the World Bank and NGOs to help compensate ...

Mech Dara
http://www.cambodiadaily.com/news/city-hall-wants-world-bank-ngos-to-compensate-evicted-families-53681/

Gov’t passes buck on faintings

Mass faintings in Cambodia’s garment factories do not occur as a result of long hours and arduous working conditions, but from workers’ failure to care for their own health, according to the National Social Security Fund (NSSF) director. During an annual meeting, which mainly focused on ...

Mom Kunthear
http://www.phnompenhpost.com/national/gov%E2%80%99t-passes-buck-faintings

Open skies policy examined

Promising to dramatically open up the region’s airways, the planned Asean Single Aviation Market (ASAM) will bring with it fierce competition and price wars, experts said yesterday during a seminar on the subject at the Phnom Penh Hotel. The seminar brought representatives from the majority of ...

Eddie Morton
http://www.phnompenhpost.com/business/open-skies-policy-examined

Cambodia could lose competitive edge in bicycles: report

Cambodia could lose its competitive advantage in bicycle manufacturing and assembly, an industry source says. In a report from the Taipei Cycle Show late Wednesday, the US-based Bicycle Retailer and Industry News said Cambodia had used low wages and zero tariffs in the European Union to ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=OGJjZWE0MTM4YzR

Siem Reap sees property gains fuelled by tourism, economic integration

Siem Reap city land prices have continued to increase year-on-year since 2008, despite the impact of the global economic crisis elsewhere. Sorn Seap, general manager of KEY Real Estate, said that land prices in Siem Reap city in early 2014 saw an increase of 15 per ...

Sum Manet
http://www.phnompenhpost.com/real-estate/siem-reap-sees-property-gains-fuelled-tourism-economic-integration

Insurance investment in construction and property see year-on-year increases

Cambodia’s insurance business is continuing to make strides, with the total value of engineering insurance reaching approximately $4 million in 2013, a significant increase compared to 2012. According to data recently released by the Insurance Association of Cambodia, the value of engineering insurance purchased in 2013 ...

Sum Manet
http://www.phnompenhpost.com/real-estate/insurance-investment-construction-and-property-see-year-year-increases

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