Industries

Massive $23.2B project gets ‘green light’

Several subordinates of a senior minister within the office of the prime minister registered and rubber-stamped a gargantuan $23.2 billion investment project chaired by the minister’s wife, while officials in the know say the project stands little chance of getting off the ground. ...

Jack Davies, Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/massive-232b-project-gets-green-light

Minister of commerce meets with Chinese

The minister of commerce, Pan Sorasak, met with officials from the Chinese-based Jilin Provincial Investment Group Co Ltd yesterday to discuss strengthening rice-processing infrastructure in the Kingdom. ...

Post Staff
http://www.phnompenhpost.com/business/minister-commerce-meets-chinese

Thailand’s Amata eyes Cambodia

Thailand’s Amata Corporation Plc., which is the country’s largest listed conglomerate in the industrial estate sector, is keen to set up a special economic zone (SEZ) in Cambodia due to the Kingdom’s strategic geographical location in the Greater Mekong Sub-region. The plan was announced on Sunday ...

Chea Vannak
http://www.khmertimeskh.com/news/30602/thailand---s-amata-eyes-cambodia/

Unions decry minimum wage rise of $13

Unions are still seething at the new minimum wage figure for garment and footwear industry workers – which the government decided to raise by only $13 per month last Thursday – but stopped short of saying they would organize protests out of a fear for ...

Mom Kunthear
http://www.khmertimeskh.com/news/30312/unions-decry-minimum-wage-rise-of--13/

Angkor Wat bags $44 mil

Cambodia’s famed UNESCO-listed Angkor Archaeological Park made a revenue of $44 million during the first nine months of the year from ticket sales to Angkor Wat. This represents a 2.5 per cent increase compared to the same period last year, according to an official report ...

Chea Vannak
http://www.khmertimeskh.com/news/30293/angkor-wat-bags--44-mil/

Boost for seafood exports

The Institute of Standards of Cambodia (ISC) and the United Nations Industrial Development Organization (UNIDO) will team up to boost the export of four seafood products that adhere to international standards. Speaking at a workshop at the Ministry of Industry and Handicraft yesterday, ISC director-general Chan ...

Sum Manet
http://www.khmertimeskh.com/news/30243/boost-for-seafood-exports/

ADB: GDP to grow 7.1% in 2017

The latest report from the Asian Development Bank (ADB) describes Cambodia’s economic situation in 2016 as “broadly as expected,” as it predicts a slight increase in economic growth of 0.1 percent, to 7.1 percent. Released yesterday, the update to its annual “Asian Development Outlook” for 2016 ...

May Kunmakara
http://www.khmertimeskh.com/news/30245/adb--gdp-to-grow-7-1--in-2017/

Vouchers to enjoy holidays

The government plans to create “cheque de vacances” or holiday vouchers by 2017 to encourage middle-income Cambodians to travel within the country, according to an official from the Ministry of Tourism yesterday. Chhay Khunlong, deputy director-general of tourism at the ministry, said holiday vouchers will enable ...

Sok Chan
http://www.khmertimeskh.com/news/30244/vouchers-to-enjoy-holidays/

New mining licences issued, others revoked

Over 40 new mining licences were issued during the first half of the year to satisfy the high demand for construction materials by Cambodian infrastructure and real estate projects, while more than 100 licences were revoked due to environmental concerns or inactivity, a government official ...

Kali Kotoski
http://www.phnompenhpost.com/business/new-mining-licences-issued-others-revoked

Local factories pump out $5.3B in products

Cambodian factories manufactured industrial products worth $5.3 billion during the first seven months of 2016, according to data released yesterday by the Ministry of Industry and Handicraft.​ ...

Post Staff
http://www.phnompenhpost.com/business/local-factories-pump-out-53b-products

Government urged to act upon Phnom Penh–Svay Chrum bridge

The district of Svay Chrum, where the government has – since 2013 – been planning to build a bridge linking the Mekong river from west to east, is currently in the spotlight because of its advantageous geographical standpoint and slated future infrastructure development. ...

Siv Meng
http://www.phnompenhpost.com/post-property/government-urged-act-upon-phnom-penh-svay-chrum-bridge

GSP exemption pitched

A roadshow to Hong Kong this week to pitch Cambodia’s newly received duty-free access on travel goods to the US market was successful, but manufacturers have yet to sign concrete deals to establish new production lines here, a delegate of the returning business mission said. ...

Hor Kimsay
http://www.phnompenhpost.com/business/gsp-exemption-pitched

Embalming chemical found in Takeo prahok

Takeo provincial authorities yesterday confiscated and destroyed more than 180 kilograms of contaminated prahok from four production sites, according to an official with the Cambodia Import-Export Inspection and Fraud Repression Directorate-General (CAMCONTROL). ...

Niem Chheng
http://www.phnompenhpost.com/national/embalming-chemical-found-takeo-prahok

Gold Green for Knai Bang Chatt

Kep province’s Knai Bang Chatt hotel is the first in Cambodia to receive the gold certification in the international Green Growth 2050 initiative after it was accredited by industry experts. In August, an Australian team of experts conducted an independent audit and found that the hotel ...

May Kunmakara
http://www.khmertimeskh.com/news/29916/gold-green-for-knai-bang-chatt/

Palm juice soft drink

The first hygienically produced soft drink made from palm juice, produced domestically, has proved popular enough to seek organic certification, and hopefully an export market. While palm juice has been used to make sugar, alcohol and vinegar, it has never been tapped for making soft drinks ...

Chea Vannak
http://www.khmertimeskh.com/news/29872/palm-juice-soft-drink/

Bavet land prices stable

Falling demand for land in Svay Rieng province’s Bavet City has ensured that land prices have remained stable in the first eight months of the year, according to industry insiders. Relatively stable property sales and a few industrial development projects have helped to ensure that land ...

Sum Manet
http://www.khmertimeskh.com/news/29824/bavet-land-prices-stable/

Unions budge from $180 wage

Unions decided to lower their demand for $179.60 per month as the new minimum wage for the garment, footwear and textile industries in 2017, telling employers yesterday that they were dropping the figure by $2 – matching the $2 employers added to their figure earlier ...

Mom Kunthear
http://www.khmertimeskh.com/news/29840/unions-budge-from--180-wage/

Sihanoukville beach vendors protest new relocation notice

Vendors along O’Chheuteal Beach yesterday protested against a new Preah Sihanouk provincial project that requires them to build new stalls – set back from their current ones – before the Sea Festival starts on December 17, in order to expand the beach area for tourists. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/sihanoukville-beach-vendors-protest-new-relocation-notice

China dominates construction

China is the top-ranking foreign investor in the construction and property sectors in Cambodia, with South Korea and Japan coming second and third, according to a new government report.   ...

Sum Manet
http://www.khmertimeskh.com/news/29552/china-dominates-construction/

Unilever eyes Cambodian palm sugar

Unilever is looking to source 2,000 tons of organic palm sugar a year from Cambodia, a senior manager said yesterday. Monica Soy, senior external affairs manager at Unilever Cambodia, told Khmer Times yesterday that Unilever requires about 2,000 tons a year, to be exported from Cambodia ...

Sok Chan
http://bit.ly/2c8BbNn

Fleeing factory owners to pay

The Ministry of Labor is preparing to enact regulations that would provide some amount of monetary relief to workers left in the lurch by factory owners who flee the country. The widespread practice has led to a number of months-long protests as more and more factory ...

Mom Kunthear
http://www.khmertimeskh.com/news/29438/fleeing-factory-owners-to-pay/

Ministry pushes support of ecotourism

The Tourism Ministry on Monday released a joint statement with relevant stakeholders in the tourism sector to support and promote ecotourism and community-based tourism in Cambodia. Tourism Minister Thong Khon said at a tourism conference that ecotourism and community-based tourism were growing regionally and globally with ...

Sok Chan
http://www.khmertimeskh.com/news/29420/ministry-pushes-support-of-ecotourism/

Legislation to regulate eco-tourism segment

The Ministry of Tourism is preparing a draft law for eco-tourism with the hope that it will keep Cambodia’s tourism industry competitive while protecting the Kingdom’s natural resources and promoting conservation efforts. ...

Hor Kimsay
http://www.phnompenhpost.com/business/legislation-regulate-eco-tourism-segment

Krabey island resort 70% complete

A $20 million resort being developed on Krabey Island off the coast from Sihanoukville is about 70 percent complete and will open on schedule in mid-2017, according the Ministry of Tourism. Tourism Minister Thong Khon told Khmer Times that the island development was progressing as planned, ...

Sok Chan
http://www.khmertimeskh.com/news/29359/krabey-island-resort-70--complete/

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