Industries

Cambodia has retained its B credit rating despite ratings company Standard & Poor’s citing the country’s ongoing political standoff as a “major” constraint. S&P affirmed Cambodia’s B/B credit rating last week, labeling the country as having a strong and stable long-term and short-term outlook. Engagement of international ...

Cambodia’s cultural Siem Reap province and China’s eastern Jiangxi province have signed a memorandum of understanding (MoU) to strengthen cooperation in a number of fields, according to a copy of the MoU on Saturday. The deal was inked on Friday afternoon between Khim Bunsong, governor of ...

Japan’s Yusen Logistics Co Ltd has announced the launch of less-than-container-load (LCL) services between Cambodia and the western Japanese city of Osaka. The new lane follows the start of the company’s operation in Cambodia earlier this month and boosts its LCL network to 222 lanes, ...

The Motion Picture As­sociation of Cambodia (MPAC), an independent body that aims to protect intellectual property, officially opened its doors Wednesday, vowing to put an end to the sale of pirated DVDs in Phnom Penh as its first order of business. “We are goingto serve everybody ...

Low-quality education is jeopardizing business growth in Cambodia, and local graduates will not be employable in skilled jobs if the government does not quickly implement educational reforms, business executives warned Thursday at the Cambodian Market Intel 2013 seminar in Phnom Penh. During an hourlong panel discussion ...

More than 10 percent of children in the country aged between 5 and 17 work as laborers, with more than 5 percent engaged in “hazardous labor,” a situation that must be addressed by the government, the International Labor Organization (ILO) said in a report released ...

Cambodia has no control over Cambodian-flagged ships complicit in illegal activities on the high seas as the government sold the authority to register ocean-going vessels, under Cambodia’s national flag, to a company in South Korea for $6 million, a Council of Ministers official claimed Thursday. On ...

The chief executive of SL Garment Processing (Cambodia) yesterday said the factory has agreed to reinstate 19 dismissed union leaders and activists, a sticking point which could end a strike that has lasted more than three months. Hours after the Ministry of Labour announced the garment ...

DENSO Corporation , Toyota Tsusho Corporation and Aisin Seiki Co., Ltd., will jointly open a wholly-owned store in Cambodia that will offer automotive repair and maintenance services, as well as sell related automotive components. The wholly-owned store will start operations in February 2014 with the ...

The Ministry of Labour, Government of Cambodia, would set the 2014 minimum wage for garment workers next month, reports The Phnom Penh Post. A working group consisting of representatives of the Garment Manufacturers’ Association in Cambodia (GMAC), workers’ representatives and factory managers met officials at ...

The opposition’s planned demonstration in Siem Reap next month could affect the tourism industry in Cambodia’s most important visitor destination, the government and industry representatives said yesterday. Cambodian Tourism Minister Thong Khon told the Post that the Cambodia National Rescue Party’s (CNRP) December 10 rally could ...

After the management of an embattled garment factory this week refused to follow a government order to reinstate 19 dismissed union leaders and activists, unionists and observers are at a divergence of opinion over how the state should respond. “It’s fairly unprecedented,” Dave Welsh, country director ...

Cambodian Tourism Minister Thong Khon on Tuesday urged the main opposition party to avoid violence when it holds a mass rally next month in the tourist destination of Siem Reap. “In democratic societies, demonstrations are common, but those protests must be nonviolent and in accordance with ...

Against the backdrop of high electricity costs and energy imports, Cambodian businesses could save millions of dollars annually by implementing energy-efficient business practices, insiders said yesterday. “It is clear that energy efficiency has multiple benefits, not only to the tourism sector but also other economic sectors ...

For the first semester of 2013, Cambodia attracted 879, 782 tourist arrivals from ASEAN region, plus 23.5 per cent if compared in the same period of last year, a report from tourism ministry obtained on Tuesday said.  The figure of tourist arrivals from ASEAN for the ...

Flouting a government order, representatives of SL Garment Processing (Cambodia) Ltd yesterday refused to rehire 19 union representatives and activists during a meeting with the Ministry of Labour. Rehiring the 19 has been the key sticking point in ending the three-month-old strike, which erupted into violence ...

The price of food spiked this month, and Cambodia’s low-paid garment workers are feeling the effects. Meat, vegetables, toothbrushes, beauty accessories and even the plastic bags they get packed in have all seen a sharp bump up in price this month, some items by as much ...

Cambodia imported 1.31 billion tonnes of oil in the first 10 months of this year, a 2.2 per cent slide compared to 1.34 billion tonnes in the same period last year, according to data from the Ministry of Commerce. Industry experts said the drop did not ...

Investors in drinks giant PepsiCo have filed a shareholders resolution urging the company to account for alleged land-rights violations in Cambodia. The 14 shareholders – including Oxfam – are increasing the pressure on PepsiCo following Coca-Cola’s pledge earlier this month of “zero tolerance” towards land grabs. An ...

Construction on a new multi-purpose terminal at Sihanoukville Autonomous Port is expected to begin in early 2014 to support Cambodia’s rising exports, port officials said yesterday. The new terminal, linking sea to shore, will occupy three hectares and is expected to be finished by late 2016. ...

Following the recent wave of luxury car brands entering the Cambodian market, RMA Cambodia’s CEO said yesterday that the firm will bring in UK brands Land Rover and Jaguar by opening a showroom before the end of the year. The newly appointed official authorised dealer will ...

The Ministry of Labour has ordered management at a Kandal province garment factory to clean their workroom and limit employees’ overtime hours, in response to over 100 workers fainting over two days. During a visit to King First Industrial Co, Ltd’s Kandal location yesterday, Seng Sakada, ...

H&M has pledged to pay a living wage to 850,000 textile workers after expressing frustration over a lack of action by governments to address working conditions in Asian factories in the wake of the Rana Plaza disaster. The world’s second-biggest clothing retailer said it would support ...

After being delayed twice, construction of the New Siem Reap International Airport (NSRIA) is expected to start in early 2014, a senior government official said yesterday. Tek Reth Samrach, chairman of the NSRIA steering committee, said a detailed plan must be completed by the airport’s two ...