Industries

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/

Cambodia’s famed Angkor sees 37 percent drop in foreign tourists in first 2 months

Cambodia’s famed Angkor Archeological Park received 341,494 foreign tourists in the first two months of 2020, down 37 percent over the same period last year. ...

Khmer Times Staff
https://www.khmertimeskh.com/50697592/cambodias-famed-angkor-sees-37-percent-drop-in-foreign-tourists-in-first-2-months

Price-hike warning issued to house buyers

Property and land prices are set to rise in Lvea Aem district’s Kandal province following the  government’s announcement of their future plan to partially integrate the area into a new district within Phnom Penh. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50697728/price-hike-warning-issued-to-house-buyers

French chamber supports tourism sector subsidies

The French Chamber of Commerce and Industry (FCCI) in Cambodia has endorsed the government’s measures to address a decline in tourist numbers in Siem Reap. ...

Khorn Savi
https://www.phnompenhpost.com/national/french-chamber-supports-tourism-sector-subsidies

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/

Declining tourist numbers reported

The State Secretariat of Civil Aviation has recorded a declining number of foreign visitors coming into the Kingdom in the midst of novel coronavirus fears.​​​​​ ...

Khuon Narim
https://www.khmertimeskh.com/50697043/declining-tourist-numbers-reported

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/

International tourism up but fears for the future

Cambodia earned around $4.91 billion, up 12.4 percent year-on-year from international tourism receipts last year, with 6.61 million international visitors, according to the latest report from the Ministry of Tourism. ...

Sok Chan
https://www.khmertimeskh.com/50695677/international-tourism-up-but-fears-for-the-future

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

No more stamp duty on homes sold under $70k

The government has decided to exempt the 4 percent stamp tax on all residential properties valued less than $70,000 until January to contribute to sustaining the country’s economic growth. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50695071/no-more-stamp-duty-on-homes-sold-under-70k

Four-month tax break for hotels and guesthouses in Siem Reap

Prime Minister Hun Sen announced yesterday that all registered hotels and guesthouses in Siem Reap will be exempt of all taxes from February until May this year.   ...

Sok Chan
https://www.khmertimeskh.com/50694704/four-month-tax-break-for-hotels-and-guesthouses-in-siem-reap

Billions of dollars set to boost visitor attractions in Kingdom

The government has announced that it is preparing to develop a special tourism area in the coastal province of Sihanoukville. In a move to diversify its tourism offerings, citing a need to boost tourism flow into the area. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50693276/billions-of-dollars-set-to-boost-visitor-attractions-in-kingdom

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

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