Industries

Firms urged to tap growing middle-class market in GMS

Bangkok Bank has urged Thai businesses to have a more active role in the Greater Mekong Sub-region (GMS) in terms of trading activities and investment, in order to tap the growing middle-class market in those countries. Speaking at the bank’s “Trade Logistics in Greater Mekong Sub-region: ...

Sucheera Pinijparakarn
http://www.nationmultimedia.com/business/Firms-urged-to-tap-growing-middle-class-market-in--30218244.html

ILO-BFC unveils worker mobile phone call-in project report

The International Labour Organisation’s Better Factories Cambodia program (BFC) releases the first report from its mobile phone call-in project aimed at educating garment and footwear workers. The mobile phone project entitled Kamako Chhnoeum (‘Outstanding Worker’ in Khmer) received 3,245 valid phone calls in its first two ...

Fibre2Fashion News Staff
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=154799

Prime Real Estate May Be Set for Development

A 5,000-square-meter plot of land owned by the local Sokimex Group on Phnom Penh’s Street 154, near Wat Ounalom and Kandal market, could be the site of a new, multi-story hotel, the conglomerate’s CEO said Tuesday. Sok Kong, Sokimex CEO, said Tuesday that construction of a ...

Aun Pheap and Joshua Wilwohl
http://www.cambodiadaily.com/business/prime-real-estate-may-be-set-for-development-46269/

Japan auto parts firm seeks plant in PPSEZ

Auto parts manufacturer Denso Cambodia, which has rented space in the Phnom Penh Special Economic Zone (PPSEZ) since July, will expand operations by building its own factory, according to a company representative. Administrative manager Seng Chanthy said yesterday that the factory will cover 10 hectares and ...

Hor Kimsay
http://www.phnompenhpost.com/business/japan-auto-parts-firm-seeks-plant-ppsez

Trade With Indonesia up but Logistics a Hurdle

Trade and tourism between Indonesia and Cambodia is growing but the two countries can still increase cooperation in those fields, according to participants in the 7th Indonesian Trade and Tourism Promotion exhibition on Phnom Penh’s Koh Pich on Sunday. The sale of Indonesian pharmaceuticals, food products ...

George Styllis
http://www.cambodiadaily.com/business/trade-with-indonesia-up-but-logistics-a-hurdle-46146/

Cambodian parliament chief hails excellent ties with China

Cambodian President of the National Assembly Heng Samrin on Monday expressed his satisfactions with China-Cambodia relations and cooperation and vowed to further enhance for the benefits of the two countries and peoples. He made the remarks during a meeting with Lei Yulan, vice- chairwoman of the ...

Xinhua
http://www.asean-china-center.org/english/2013-10/29/c_132841698.htm

Out with the old: factory

Amid concerns of legal violations on the part of their employer, about 400 workers at the USA Fully Field garment factory in the capital’s Meanchey district accepted payouts for their factory closing – even though it hasn’t. Workers protested last week in fear that the factory ...

Mom Kunthear
http://www.phnompenhpost.com/national/out-old-factory

Thai-Cambodian border trade still normal

Despite the disputed territory near Phra Viharn Temple, Thai-Cambodian border trade is still normal as 150,000 billion baht cash flow is expected by the end of 2013. According to the Thai Chamber of Commerce (TCC), border trade along the disputed area around Phra Viharn Temple ...

Thailand National News Bureau Staff
http://thainews.prd.go.th/centerweb/newsen/NewsDetail?NT01_NewsID=WNECO5610270010002

Cambodia sees 1.48 bln USD trade deficit in 9 months

Cambodia has seen a trade deficit of 1.48 billion U.S. dollars in the first nine months of 2013, according to the Commerce Ministry’s data on Friday. The total import and export volume was valued at 11.82 billion U.S. dollars during the January-September period this year, up ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-10/25/c_132830753.htm

Stones, bottles traded at SL Garment protest

Broken bottles and stones flung by security guards at striking garment workers who blocked the road in front of the factory yesterday morning injured about 10 people, worker representatives said. The attack allegedly occurred at around 7:30 am, after about 500 employees at SL Garment Processing ...

Mom Kunthear, P.5
http://www.phnompenhpost.com

Flood crisis another setback for real estate sector

While the political crisis in the country is still ongoing, Cambodia is now suffering another crisis due to flooding, which has had a big impact on the country’s real estate business. Kim Heang, the President of Khmer Real Estate, said the buying and selling of real ...

Siv Meng
http://www.phnompenhpost.com/real-estate/flood-crisis-another-setback-real-estate-sector

Garment exports up, margins down

Despite concerns that political uncertainty would be a drag on the economy, Cambodia’s garment exports continued on an upward trend in the first nine months of the year, the latest data show. Though volume increased, factory profit margins were squeezed due to labour disputes and demands ...

Hor Kimsay
http://www.phnompenhpost.com/business/garment-exports-margins-down

De Castle Royal construction moves ahead at a princely pace

Even as political instability led to a drop in Phnom Penh’s housing market over the last few months, construction and sales of De Castle Royal steamed ahead in the third quarter. Now fully over the fallout from the 2008 global financial crisis, a recent $28 million ...

Hin Pisei
http://www.phnompenhpost.com/real-estate/de-castle-royal-construction-moves-ahead-princely-pace

Carabao Dang maker eyes plants in Myanmar, Cambodia

Carabao Tawandang, the manufacturer of Carabao Dang energy drinks, plans to open factories in Myanmar and Cambodia within the next three to five years. Managing director Sathien Setthasit yesterday said the company would also increase the production capacity of its Thai factory by 40 per cent, ...

Savitree Rinwong
http://www.nationmultimedia.com/business/Carabao-Dang-maker-eyes-plants-in-Myanmar-Cambodia-30217758.html

First mango export factory planned

Mong Reththy Group is co-investing $2 million to build a factory in Preah Sihanouk province for the packaging and export of Cambodian mangoes, the first company to formally ship the fruit overseas. Located in Koe Phos commune, the factory will cover 12 hectares of land and ...

Hor Kimsay
http://www.phnompenhpost.com/business/first-mango-export-factory-planned

USA garment factory workers block national road

Nearly 400 workers at the USA Fully Field (Cambodia) Garment factory blocked National Road 2 in Phnom Penh’s Meanchey district yesterday after fears spread that the factory was winding down operations and that management wouldn’t pay necessary wages once it closed. Soy Nakri, a worker representative ...

Mom Kunthear
http://www.phnompenhpost.com/business/usa-garment-factory-workers-block-national-road

SL Garment Protesters Gain Little From Talks at Labor Ministry

A two-day meeting between union leaders, senior government officials and representatives of the SL Gar­ment Factory failed Tuesday to reach a solution for factory workers, who have been on strike since early August and on Monday demonstrated in front of Prime Minister Hun Sen’s Phnom ...

Ben Woods and Khy Sovuthy
http://www.cambodiadaily.com/news/sl-garment-protesters-gain-little-from-talks-at-labor-ministry-45708/

City Says It Will Provide Land Titles to 33 Boeng Kak Families

Phnom Penh Municipality will provide land titles to 33 more families living in the city’s Boeng Kak neighborhood, a municipal official said Tuesday, roughly a third of those still seeking property rights in the area that has seen some 3,000 forced evictions. “First, we will solve ...

Khy Sovuthy and Ben Woods
http://www.cambodiadaily.com/news/city-says-it-will-provide-land-titles-to-33-boeng-kak-families-45710/

Sofitel Phnom Penh Wins 2nd Place in Awards

The Sofitel Phnom Penh Phokeethra has won second place among the 25 best hotels of Southeast Asia in the 2013 Readers’ Choice Awards of the prestigious Conde Nast Traveler publication, which also named Siem Reap City as one of the “Top 10 Cities in Asia.” Charles-Henri ...

Michelle Vachon
http://www.cambodiadaily.com/business/sofitel-phnom-penh-wins-2nd-place-in%E2%80%88awards-45706/

Cambodia sees 22 pct rise in garment exports in 9 months

Garment industry, Cambodia’s largest income earner, reported a 22-percent increase in exports in the first nine months of 2013, showed the data of the Ministry of Commerce released on Tuesday. During the January-September period this year, the country had exported garment products in equivalent to $4.2 ...

Global Times News Staff
http://www.globaltimes.cn/content/819443.shtml#.UmaRFflgd8E

Sabrina workers out after months in jail

Eight unionists locked in prison in Kampong Speu province since violent clashes at the Sabrina Garment factory in May and June were released on bail yesterday, court and union officials said. Cheum Rithy, a provincial judge, said he had decided to release the eight Free Trade ...

Mom Kunthear
http://www.phnompenhpost.com/national/sabrina-workers-out-after-months-jail

Angkor Wat ticket sales revenue up

Revenue from ticket sales to foreign tourists visiting Angkor Wat reached $41.4 million in the first nine months of 2013, a 14 per cent year-on-year increase, according to data from the Apsara Authority, which manages the site. Official data show that almost 1.5 million foreign ...

May Kunmakara
http://www.phnompenhpost.com/business/angkor-wat-ticket-sales-revenue

Shorten Buildings or We Will, City Hall Tells Two Developers

The Phnom Penh municipal government will today issue announcements to two property developers ordering them to partially demolish buildings near the Royal Palace in order to reduce their height to comply with the original planning agreements, an official said. The two buildings—one owned by Vattanac Properties ...

Aun Pheap and Simon Henderson
http://www.cambodiadaily.com/news/shorten-buildings-or-we-will-city-hall-tells-two-developers-45510/

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