Poipet to see new economic zone

28 January 2014
The Phnom Penh Post
Economic policy and administration / Economy and commerce / Foreign investors / Investment / Special economic zones
Cambodia Chamber of Commerce / Chhour Vichet / Japanese aid / Nguon Meng Tech / Sanco Investment Group / SIG / TK Garment Co Ltd

Japanese investors will put $56 million into a joint venture with local company Sanco Investment Group (SIG) to build a new special economic zone in Banteay Meanchey province’s Poipet town, officials said yesterday. Chhour Vichet, executive director of SIG, said Thailand’s labour shortage, Cambodia’s ongoing political unrest and the markedly higher minimum wage, which doubled to $9.77 per day in December 2012, all make the Kingdom a well-situated investment alternative. As the Post reported at the time of the wage increase, Thailand’s leading garment manufacturer, TK Garment Co Ltd, shifted operations to Cambodia in response to the decision. …

 May Kunmakara
http://www.phnompenhpost.com/business/poipet-see-new-economic-zone