Industries

Hundreds of garment factories in Cambodia and elsewhere in Asia are facing serious financial problems because clothing brands have either canceled their orders or stopped placing new ones over the past several weeks.  ...

L.Y. Footwear (Cambodia) Co., Ltd. has been given the green light to invest in the manufacturing of all forms of footwear, according to a press release of the Council for the Development of Cambodia (CDC). ...

Some 77 new factories, including 34 garment, footwear, and travel goods factories, had opened in Cambodia in the first quarter of 2020 despite the COVID-19 pandemic, a spokesman said, amid the closure of six factories, leaving more than 6,000 workers without a job. ...

The Garment Manufacturers Association in Cambodia (GMAC) has stated approximately 60 percent of its factories have been severely affected by cancelled orders of ready-made garment exports, due to the COVID-19 pandemic. ...

Tourism industry insiders have called on the government to discuss the possibility of delaying interest and principal repayments for businesses within the sector that have been economically destroyed by COVID-19. ...

The Ministry of Labour and Vocational Training has instructed enterprises, business owners and travel agencies in five provinces to prepare the proper forms for the suspension of employment contracts.​   ...

The Council for the Development of Cambodia (CDC) issued final registration certificates to five investment projects between April 13-17 worth more than $24 million and which are expected to generate 6,373 jobs.​ ...

Property watchers have long noticed that weekends, at this time of the year, are a prime times for people seeking to buy or rent homes, but this year it’s different. ...

A grim report on the world economy by the International Monetary Fund (IMF) yesterday caused oil prices to continue to slide, with international prices hitting the lowest level since 2002 as planned output cuts were deemed insufficient to offset a COVID-19-fuelled slump in demand. ...

In the first three months of this year, the Ministry of Public Works and Transport has implemented the Procurement Agreement on Bridge and Road repairs by allocating financial credits from last year for 12 projects at a cost of 50 billion riel ($12.4 million). ...

The Labour Ministry said more than 90 percent of garment factory workers reported for work on the first day of Khmer New Year yesterday. ...

Prime Minister Hun Sen said the government has decided to provide $70 a month for each worker once their factories temporarily suspended their operations due to COVID-19 pandemic. ...

The Garment Manufacturers Association in Cambodia (GMAC) has stated approximately 60 percent of its factories have been severely affected by cancelled orders of ready-made garment exports, due to the COVID-19 pandemic. ...

Sale prices of Phnom Penh landed property (borey) units showed no sign of slowing down in the past six months. Driven by strong local demand, the average quoted prices accelerated across all unit types, according to the first quarter report from CBRE, a commercial real ...

The Council for the Development of Cambodia (CDC) last week approved a $160.6 million brewery in Chhak Chhoeu Neang commune’s Trapaing Veng village in Kandal province’s Ang Snuol district. ...

More than 100 workers at a construction site in Preah Sihanouk province’s Sihanoukville protested and demanded four month’s worth of missing wages. ...

Bilateral trade between Cambodia and the U.S. were valued at US$585 million in January 2020, up 33 percent compared to the same period last year. ...

The value of Cambodian real estate has not shown signs of decline in recent weeks, despite the Covid-19 pandemic bringing market activity to a virtual standstill, industry insiders said on Wednesday. ...

A team of officials at the Kampong Thom provincial Forestry Administration have begun studying the ecotourism potential at the Prey Kbal Bei Community Forest in Ti Pou commune’s Kbal Bei village in Santuk district. ...

According to the Tourism Ministry, tourism declined 52 percent earlier this year.The government in February responded by offering promotional Angkor Archaeological Park fare tickets. ...

The government has issued income tax exemptions for the textile and garment, footwear and luggage sectors that produced export goods hit by the European Union’s 20 percent Everything but Arms (EBA) tariff-free status withdrawal in February. ...

The Garment Manufacturers Association in Cambodia (GMAC) on Tuesday urged factories not to suspend shipments of goods that have already been produced as well as those in production.​ ...

Some foreign garment buyers have notified garment factories in Cambodia for a suspension on the shipment of garment exports from Cambodia to European and US markets due to the effects of the COVID-19 outbreak. The statement comes after the recent arrival of raw materials from ...

The Royal Palace Ministry yesterday announced the temporary closure of one of the Kingdom’s most iconic buildings amid fears of new Coronavirus infections. ...