Industries

EU asked to increase imports

The National Assembly’s (NA) Second Commission on Economics, Finance, Banking and Auditing yesterday asked the European Union (EU) to increase rice and clothing import quotas from Cambodia, after a discussion on EU subsidies to the Kingdom. ...

Taing Vida
http://www.khmertimeskh.com/news/27825/eu-asked-to-increase-imports/

EU considers union appeals, urges government to respect human rights

The E.U.’s ambassador to Cambodia said he would weigh appeals from pro-government unions critical of a call by opposition party leader Sam Rainsy to push the government to improve its human rights record through increased economic pressure. ...

Khuon Narim, Khy Sovuthy and Sonia Kohlbacher
https://www.cambodiadaily.com/news/eu-considers-union-appeals-committed-to-human-rights-115901/

HLH Group awards construction project in Cambodia for US$36.8m

HLH Group, listed on the Singapore Exchange main board, on Thursday said it has awarded a construction project in Sihanoukville, Cambodia, to Yanjian Group (Cambodia) Co Ltd for about US$36.8 million. ...

Tan Effie
http://www.businesstimes.com.sg/companies-markets/hlh-group-awards-construction-project-in-cambodia-for-us368m

Pay-parking firm seeks more space in Phnom Penh

Sonatra Carling, the Japanese-Cambodian joint venture behind Phnom Penh’s first automated toll-parking system, sustained losses during its first year of operation, but remains committed to the project and is looking to expand the model to other areas of the capital, a company executive said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/pay-parking-firm-seeks-more-space-phnom-penh

Unions slam Rainsy’s EU plan

Opposition leader Sam Rainsy has been in hot water since he told an EU parliamentary meeting on July 13 that he wanted them to consider decreasing garment imports from Cambodia in the hope it would pressure Prime Minister Hun Sen and his government into complying ...

Mom Kunthear
http://www.khmertimeskh.com/news/27429/unions-slam-rainsy---s-eu-plan/

Car sales sputter on tax hike

Authorised dealerships of new cars and trucks have said a recent increase in the specific tax on vehicle imports has put a dent in profits, with some dealers claiming sales have slowed since the tax hike went into effect in April. ...

Hor Kimsay
http://www.phnompenhpost.com/business/car-sales-sputter-tax-hike

Super Drilling completes intricate Ta Prohm project

Super Drilling Private Limited is pleased to officially announce that it has wrapped up its project for renovating and restoring drainage systems to protect the Ta Prohm temple ruins in Siem Reap, Cambodia. ...

Ani
http://www.business-standard.com/article/news-ani/super-drilling-completes-intricate-ta-prohm-project-116071800435_1.html

Rainsy asks EU to cut imports

Opposition leader Sam Rainsy has asked the European Union (EU) to decrease imports of clothing from Cambodia in an effort to put economic pressure on the government into respecting human rights and freedom of speech, saying he believed the act would not affect workers.   ...

Taing Vida
http://www.khmertimeskh.com/news/27332/rainsy-asks-eu-to-cut-imports/

Robot factories could threaten jobs of millions of garment workers

The jobs of nearly 90% of garment and footwear workers in Cambodia and Vietnam are at risk from automated assembly lines – or “sewbots” – according to a new report from the International Labour Organisation (ILO). ...

Tansy Hoskins
https://www.theguardian.com/sustainable-business/2016/jul/16/robot-factories-threaten-jobs-millions-garment-workers-south-east-asia-women

A boom year for building projects

A stunning rise in the value of construction projects approved by the government in the first half of the year could be a sign that developers have found a willing ally in the newly appointed minister of land management, who has pushed through hundreds of ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/boom-year-building-projects

Classes to boost tourism

រThe plan to attract two million Chinese tourists by 2020 will succeed, the tourism minister said yesterday during an MoU signing ceremony with the Confucius Institute of the Royal Academy of Cambodia. ...

Sok Chan
http://www.khmertimeskh.com/news/27266/classes-to-boost-tourism/

City land prices stay stable

Land prices in central Phnom Penh’s Tonle Bassac and Boeung Keng Kang (BKK) districts remained stable in the first half of the year due to overdevelopment and a slowdown in new investments, according to research by a local real estate agent. ...

Sum Manet
http://www.khmertimeskh.com/news/27268/city-land-prices-stay-stable/

Factory defies governor’s request

The labor dispute between workers and employers at the Aerosoft Summit Footwear factory in Battambang province’s Sampov Laun district is still raging due to the company’s refusal to allow workers back to the factory at the provincial governor’s request. ...

Mom Kunthear
http://www.khmertimeskh.com/news/27217/factory-defies-governor---s-request/

Police in clean up operation

Provincial police seized a large quantity of liquid detergent from an unauthorized chemical manufacturer in Sihanoukville’s capital yesterday. ...

San Bunsim
http://www.khmertimeskh.com/news/27218/police-in-clean-up-operation/

Tally reveals extent of tourism industry growth

The rapid growth of tourism has resulted in the parallel growth of tourist facilities, Tourism Minister Thong Khun said yesterday. ...

Japanese investor acquires local MFI

A Japanese businessman has acquired a majority stake of microfinance company Farmer Union Development Fund (FUDF) and plans to expand its lending to the real estate sector as well as small- and medium-sized enterprises, he revealed yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/japanese-investor-acquires-local-mfi

Nearly 90% of garment factory jobs at risk of automation: ILO

Local industry experts responded yesterday to a new report that warns the majority of Cambodia’s garment sector workers could lose their jobs in the coming two decades as automation and innovative technologies replace low-skilled labour and allow multinational producers to move their operations closer to ...

Hor Kimsay and Cheng Sokhorng
http://www.phnompenhpost.com/business/nearly-90-garment-factory-jobs-risk-automation-ilo

Cambodia property awards

The Cambodia Property Awards is back for a second year to reward the best developers, projects and designs in the Kingdom. Those impressive developments will be highlighted at the second annual Cambodia Property Awards 2017, the biggest and most exclusive awards program in the country that ...

Sum Manet
http://www.khmertimeskh.com/news/27003/cambodia-property-awards/

Condo sales up but glut looms

Some 13,730 condominium units were sold in Phnom Penh in the first half of this year compared to 13,050 units in the same period last year representing an approximate five percent increase in sales, according to figures from a real estate company. However, insiders believe ...

Sum Manet
http://www.khmertimeskh.com/news/27004/condo-sales-up-but-glut-looms/

Gaming firm cashes out of NagaWorld deal

Pan-Asian gaming company Entertainment Gaming Asia Inc (EGA) will sell 670 of its electronic gaming machine (EGM) seats placed at NagaWorld casino in Phnom Penh to an unnamed Cambodian firm for $2.5 million, the Nasdaq-listed company announced on Wednesday. ...

Cam McGrath
http://www.phnompenhpost.com/business/gaming-firm-cashes-out-nagaworld-deal

Fading confidence repelling condo buyers

Waning confidence in Cambodia’s political stability is discouraging overseas buyers from investing in the thousands of condominium units shooting up in the country, a leading realtor said on Wednesday.   ...

Kang Sothear
https://www.cambodiadaily.com/news/fading-confidence-repelling-condo-buyers-115135/

Angkor Wat tourists have new dress code

Tourists heading for Angkor Wat will have to watch what they wear from next month onwards, the Apsara Authority announced yesterday.   ...

Thik Kaliyann
http://www.phnompenhpost.com/national/angkor-wat-tourists-have-new-dress-code

Sihanoukville sees its tourist star rising

The latest provincial tourism figures show efforts to establish Sihanoukville as a premiere beach destination may be paying off, with more tourists flocking to the coastal city than ever before. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/sihanoukville-sees-its-tourist-star-rising

Angkor Wat continues to lure foreign tourists

Revenue from ticket sales at the Angkor Archaeological Park complex in Siem Reap province, the site of Angkor Wat, increased slightly during the first half of the year, compared to the same period in 2015, new figures from the state-run Angkor Institution show.   ...

Post Staff
http://www.phnompenhpost.com/business/angkor-wat-continues-lure-foreign-tourists

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