Industries

Feed mill to take bite out of growing import demand

Chip Mong Group is the latest conglomerate to invest into local production of animal feed, announcing this week that it will sink $60 million into building a large-scale feed mill and industrial piggery, a move that agricultural experts welcomed but said would still not be ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/feed-mill-take-bite-out-growing-import-demand

Casino tax revenue rises

The government collected $48 million from the casino industry last year, a rise of about 40 per cent compared with 2015. Ros Phearun, a deputy director-general of the Finance Ministry’s financial industry department, said that along with an effort by the government to improve tax revenue, ...

May Kunmakara
http://www.khmertimeskh.com/news/36411/casino-tax-revenue-rises/

Employers seek delay in garment pay reform

Plans to pay garment workers twice a month will be difficult for employers to implement, industry representatives have warned. The Labor Ministry is amending laws so companies will be required to pay staff twice a month, in a bid to protect workers from being abandoned by ...

Mom Kunthear
http://www.khmertimeskh.com/news/36429/employers-seek-delay-in-garment--pay-reform/

Pay protest amid fears owners skipped town

More than 600 workers from the capital’s Bodykids Fashion Wear factory protested on Friday and Saturday after management failed to pay them their February wages. ...

Sen David
http://www.phnompenhpost.com/national/pay-protest-amid-fears-owners-skipped-town

Play fair, say local producers

Manufacturers of local products want fair play. While they have been receiving some consumer-support for their products, they still face an uphill battle against the same products imported from neighboring countries. And many local producers say the government should be doing more to help them ...

Chea Vannak
http://www.khmertimeskh.com/news/36313/play-fair--say-local-producers/

Banteay Meanchey undergoes infrastructure boost

Banteay Meanchey province, nestled between the better known provinces of Siem Reap and Battambang, once suffered from a lack of business activity partly due to a long-running border dispute with Thailand. Recent indications, however, show the area is recovering some lost ground on the infrastructure ...

Vandy Muong
http://www.phnompenhpost.com/post-property/banteay-meanchey-undergoes-infrastructure-boost

Thai university to set up tourism school

Thailand’s Rajamangala University of Technology plans to set up a tourism and hospitality institute in Siem Reap province to build the capacity of Cambodians working in the tourism sector. ...

Chea Vannak
http://www.khmertimeskh.com/news/36200/thai-university-to-set-up-tourism-school/

South coast holds development key

Real estate and hotel developers have identified the southern coast of Cambodia as having tourism potential to encourage more business investment. ...

Chea Vannak
http://www.khmertimeskh.com/news/36111/south-coast-holds-development-key/

Joint Cambodia, Laos tour packages

Cambodia and Laos, in a bid to promote bilateral tourism, will create joint tour packages to facilitate the visit of tourists to both countries. The tour packages will focus on provinces, in both countries, that lie on either side of the Mekong river. ...

Sum Manet
http://www.khmertimeskh.com/news/36005/joint-cambodia--laos-tour-packages/

Decline in labor complaints compared with last year

Labor dispute complaints in the garment and textile sector declined last year compared with 2015, according to the Arbitration Council, which attributed the drop to the Trade Union Law. ...

Pech Sotheary
http://www.khmertimeskh.com/news/35923/decline-in-labor-complaints-compared-with-last-year/

PM: Green Belt for tourists

Prime Minister Hun Sen called for a Green Belt to be established at the country’s main tourist areas to supply holiday-makers with locally produced vegetables and meat, instead of importing them from neighboring countries. ...

Chea Vannak
http://www.khmertimeskh.com/news/35910/pm--green-belt-for-tourists/

Diversify to compete, WB economist says

Cambodia’s lagging agriculture and nascent manufacturing sectors need to diversify as the threat of regional competition heats up, a World Bank economist warned yesterday, while enumerating the challenges the Kingdom faces after having officially graduated into a lower-middle income country last year. ...

Kali Kotoski
http://www.phnompenhpost.com/business/diversify-compete-wb-economist-says 

Pesticide causes mass fainting

Eighty garment workers in Kampong Cham province fainted yesterday morning due to pesticides sprayed on a rice field nearby, according to police. ...

Mom Kunthear
http://www.khmertimeskh.com/news/35714/pesticide-causes-mass-fainting/

Equipment sale ordered to pay wages

The Phnom Penh Municipal Court has issued a warrant for the temporary seizure of Top World Garment Cambodia Ltd’s property in order to get the employer to appear and find a solution for workers still owed their December salaries. ...

Sen David
http://www.phnompenhpost.com/national/equipment-sale-ordered-pay-wages

NagaCorp casino 2016 profits show modest growth

Cambodian casino operator NagaCorp Ltd posted a net profit of $184.2 million last year, a 7 percent increase over the previous year, with growth largely tempered by a lacklustre surge in business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh.While ...

Kali Kotoski
http://www.phnompenhpost.com/business/nagacorp-casino-2016-profits-show-modest-growth

Cambodian exports to US down

Cambodia’s total exports to the United States declined last year compared with 2015, due to uncertainties in the US presidential race and rising exports from Vietnam and new market player Myanmar. ...

May Kunmakara
http://www.khmertimeskh.com/news/35260/cambodian-exports-to-us-down/

Modest growth for NagaWorld

NagaWorld, a subsidiary of Hong Kong-listed NagaCorp, recorded a modest four percent increase in gross gaming revenue (GGR) last year, bringing the figure up to $500.8 million.   ...

May Kunmakara
http://www.khmertimeskh.com/news/35315/modest-growth-for-nagaworld/

Something’s fishy with prahok

This year’s prahok season has left a bad taste in the mouths of those involved in making the pungent dish that is a staple in Cambodian cuisine. There are concerns that the vagaries in the mudfish catch, due to climate change and illegal exports to Vietnam, ...

Chea Vannak
http://www.khmertimeskh.com/news/35332/something---s-fishy-with-prahok/

Court taxes unemployed workers

About 100 workers from the Chung Fai Knitwear factory in Phnom Penh’s Meanchey district protested in front of the capital’s municipal court yesterday, demanding a judge remove a fee they are unable to pay. ...

Mom Kunthear
http://www.khmertimeskh.com/news/35171/court-taxes-unemployed-workers/

Minister plans railway for workers

The Labor Ministry is considering constructing a railway line connecting Phnom Penh and select provinces to special economic zones (SEZ) or industrial areas in response to the high number of road accidents involving commuting workers. ...

Mom Kunthear
http://www.khmertimeskh.com/news/34978/minister-plans-railway-for-workers/

Slowdown in services sector

A slow growth in tourism, and a slowdown in the logistics and real estate sectors could cumulatively have a knock-on effect that will threaten the overall growth of the country’s services sector, a report from the Ministry of Economy and Finance said yesterday. ...

Sok Chan
http://www.khmertimeskh.com/news/34626/slowdown-in-services-sector/

AirAsia to open Cambodia office

AirAsia, the Malaysia-based low-cost airline, will soon have an office in Cambodia to boost the number of tourist arrivals to the kingdom. The airline’s office will open soon, said AirAsia CEO Anthony Fernandes, after holding a meeting with Prime Minister Hun Sen in Switzerland on the ...

Chea Vannak
http://www.khmertimeskh.com/news/34625/airasia-to-open-cambodia-office/

Construction industry cooling down: analysts

Government revenue collected on property transfers and construction services dropped off by 25 percent last year, reflecting a slowdown of the Kingdom’s construction sector despite a surge in the reported value of investment in real estate development projects, according to analysts. ...

Hor Kimsay
http://www.phnompenhpost.com/business/construction-industry-cooling-down-analysts

ILO warns of Brexit threat to garments

Cambodia’s critical garment export sector could face major risks in both the short and long term from the U.K.’s surprise vote last year to exit the E.U., the International Labor Organization (ILO) has warned. ...

Zsombor Peter
https://www.cambodiadaily.com/business/ilo-warns-of-brexit-threatto-garments-123535/

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