Industries
Manufacturing
Bountiful work, but scant wages angers Cambodia
As night falls in Phonm Penh, thousands of weary workers stream from textile factories, reflecting the abundance of jobs created by the clothing industry’s desire for cheap labor. However, as the number of international clothes companies tapping into Cambodia’s workforce grows, so does anger at the ...
http://www.taipeitimes.com/News/biz/archives/2013/03/17/2003557254
Low pay fuels anger among Cambodia's garment workers
As night falls thousands of weary workers stream from textile factories that fan out across Phnom Penh’s outskirts. The clothing industry’s desire for cheap labour having created an abundance of jobs but as the number of international clothes companies tapping into Cambodia’s workforce grows, so does ...
http://www.channelnewsasia.com/stories/afp_asiapacific/view/1259888/1/.html
Wal-Mart and H&M Pay $200,000 to Cambodian Workers in Historic Settlement
When tales emerge from the retail supply chain, they’re usually tragic, like the alleged sweatshop conditions at the Foxconn (HKG:2038) plants that churn out Apple (NASDAQ:AAPL) products, or the 112 Bangladeshi workers who died when their factory, where clothes for Wal-Mart (NYSE:WMT), Sears Holdings (NASDAQ:SHLD), ...
Sihanoukville land prices largely flat
Land prices in Preah Siahnouk province have risen slightly, by 5 to 10 per cent in early 2013, despite increasing numbers of tourists who have visited Cambodia and travelled to the province. Cheng Kheng, director of the CPL real estate company and president of Cambodian Valuers ...
http://www.phnompenhpost.com/2013031461949/Real-Estate/sihanoukville-land-prices-largely-flat.html
Camko City’s potential seen
Property experts say the Camko City project has a great deal of potential, after visiting and studying the satellite city last week. Kim Heang, general manager of Khmer Real Estate Co, said that he is very interested in Camko City because he has seen that it ...
http://www.phnompenhpost.com/2013031461948/Real-Estate/camko-city-s-potential-seen.html
Animal feed lucrative but demand not being met
The production of animal feed may be lucrative for family-run businesses, but production is failing to meet the local market’s demand, said industry experts. Ros Limhy, National Agriculture adviser for the Ministry of Agriculture, Forestry and Fisheries’ Tonle Sap Poverty Reduction and Smallholder Development project, and ...
Limited yarn supply troubles Cambodian silk industry
The silk industry of Cambodia is in rapid decline due to limited domestic supply of silk yarn and high cost of imported raw materials. According to the latest data released by the Food and Agriculture Organization (FAO)-Cambodia, the Southeast Asian nation imports 395 tonnes of raw ...
http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=122102
Cambodia’s Economic Growth Will Help Poverty Reduction
Cambodia economic growth was 7.3 percent in 2012. Agriculture grew by 4.3 percent, crops by 4.9 percent, fisheries by 6.7 percent, industry by 9.2 percent, garment [sector] by 6.9 percent and the service industry by 8.1 percent, said Dr Hang Chuon Naron, Secretary of State ...
Bonna Reality inks deal with Malaysian real estate developer
Bonna Realty Group yesterday signed an agreement with the National 6A Investment, a Malaysian real estate developer, to be an authorised sales agent for a 10-storey condominium that is currently being constructed and is expected to be finished by the end of 2014. The National 6A ...
Cambodian, Chinese entrepreneurs meet to seek business chances
The 2013 China’s Zhejiang and Cambodia matchmaking symposium was held here on Tuesday to seek opportunities to expand business ties between China and Cambodia. Gong Zheng said the Chinese firms are doing businesses in the fields of agriculture, infrastructure development, construction and real estate, mineral ...
http://news.xinhuanet.com/english/china/2013-03/05/c_132210667.htm
Foreign activists detained
Police arrested five activists from labour-rights group Clean Clothes Campaign yesterday outside the E Garment factory in Kandal province. Neuv Sakhan, deputy director of the Kandal provincial immigration police, told the Post four women and one man, from Norway, Belgium, England and Austria, had been taken ...
http://www.phnompenhpost.com/2013030661780/National/foreign-activists-detained.html
Japanese to bolster SEZ development
A GROUP of Japanese businessmen yesterday signed a memorandum of understanding with Sonatra Group chairman Sorn Sokna to develop a special economic zone along the Mekong River at the site of the Prey Veng ferry terminals. The ferry service is expected to become redundant when the ...
http://www.phnompenhpost.com/2013030561750/Business/japanese-to-bolster-sez-development.html
Demand for wage increases rejected
Cambodia, with over 400 garment and footwear factories, has become an Asian clothes manufacturing center, and hugely profitable for the factory owners They have rejected a demand by the Cambodian Confederation of Unions to double the minimum monthly wage of factory workers from $61. The ...
http://www.vancouversun.com/business/Demand+wage+increases+rejected/8044435/story.html#ixzz2MYys4mpC
Unpaid Garment Workers Continue Protests
Some 200 garment factory workers protested at the Ministry of Social Affairs on Friday, a day after they held a demonstration in front of the Swedish Embassy in Phnom Penh and urged diplomats to intervene in a labour dispute involving unpaid wages from a factory ...
Cambodia embraces intensive livestock production
Cambodia, a Southeast Asian country with 15 million inhabitants, has begun to embrace intensive livestock production despite numerous obstacles. The industry heavily relies on the import of genetics, soybean meal, fish meal, additives, medicines and vaccines. A major constraint preventing producers from taking up intensive ...
Cambodia's economy grows by 7.3% in 2012: PM
Cambodia achieved a GDP growth rate of 7.3 percent last year, Prime Minister Hun Sen said Wednesday, forecasting that the growth would be higher than 7 percent this year. Addressing a conference on 2013 Cambodia Outlook, he said the growth last year came from strong growth ...
http://news.xinhuanet.com/english/business/2013-02/20/c_132180432.htm
Private residential property in Cambodia attracting foreign investors
Private residential property in Cambodia is being seen by some investors as relatively cheap, with potential for attractive returns. Industry players believe these factors are the main draw for foreign buyers, looking to grow their money in Cambodia. Keuk Narin, vice president of Asia Real Estate Cambodia ...
http://www.channelnewsasia.com/stories/marketnews/view/1253968/1/.html
Investment Or Imperialism? Tracking China's Big Ambitions In Cambodia
A few years ago this scene would have played out in China. More specifically, it would have played out in a Chinese coastal region to which millions of rural folks had arrived looking for work. A huge hangar, piles of fabrics of all colors at both ...
De Castle Royal to be completed by 2014
The De Castle Royal Condominium project, which has been on hold for some time, has announced that it will go back on the market after gaining $28 million in loans from Canadia Bank, which will allow for the completion of the 32-storey-building. The general manager of ...
http://www.phnompenhpost.com/2013020761213/Real-Estate/de-castle-royal-to-be-completed-by-2014.html
Cambodia attracts 9.17 bln USD investment from China in last 18 years
Cambodia has attracted 9.17 billion U.S. dollar investment from China in the last 18 years ( 1994-2012), making China become the largest investor in this country, showed a government report on Wednesday. According to the report, China’s investment in Cambodia focused on the fields ...
http://news.xinhuanet.com/english/business/2013-02/06/c_132154931.htm
Boeng Kak Families Pitch a New Solution to Land Dispute
A group of Phnom Penh residents locked in a long-running land dispute with a real estate project owned by CPP Senator Lao Meng Khin are pitching City Hall a plan they hope will prevent them from being evicted and keep them close to home. “We ...
Capital ideas for developers
Peering out over the Tonle Sap River in Phnom Penh from a sixteenth-storey private balcony at the new Bellevue Apartments, one could watch for hours as cranes swing back in forth over all the new developments on the west side of the water. “Phnom ...
http://www.bangkokpost.com/business/economics/332995/capital-ideas-for-developers
Officials Draft Sub-Decree to Develop the Silk Sector
Officials at the Ministry of Commerce met on Friday to draft a sub-decree for the promotion and development of the Cambodian silk sector, but industry experts say the draft does not do enough for the local products used in the production of silk. The main ...
Government okays maize imports
The cabinet approved a plan for the Public Warehouse Organisation to import 450,000 tonnes of tariff-free maize from Laos and Cambodia. Another 250,000 tonnes of maize would be imported from Cambodia, with 100,000 tonnes in August and another 150,000 tonnes between November and January 2014 ...
http://www.bangkokpost.com/business/economics/331949/government-okays-maize-imports