Industries

New shophouse project in a good location

The Ly Yong Phat (LYP) Group announced it will invest millions of dollars to develop The Premier Land project to meet the demand for shophouses, thanks to the potential the location has for the development. ...

Sum Manet
http://www.khmertimeskh.com/50102543/new-shophouse-project-in-a-good-location/

Tourism pushing up land prices in Siem Reap

Land prices in Siem Reap town increased slightly last year compared with the previous year, thanks to the growing strength of the tourism industry, according to insiders. The provincial capital saw prices rise about five percent in residential areas in 2017 and about 10 percent ...

Sum Manet
http://www.khmertimeskh.com/50102545/tourism-pushing-up/

Kampong Cham tourist site planned

More than 5,000 sugar palm trees will be planted at an ancient historical site in Kampong Cham province’s Srei Santhor district in an effort to turn the area into a tourist attraction. ...

Khy Sovuthy
http://www.khmertimeskh.com/50102520/kampong-cham-tourist-site-planned/

Vietnamese-funded market on border begins construction

Construction began yesterday on a $2 million Vietnamese-funded market located in Tbong Khmum province’s Memot district, about 1 kilometre from the nearest border crossing between Cambodia and Vietnam. ...

Hor Kimsay
http://www.phnompenhpost.com/business/vietnamese-funded-market-border-begins-construction

Kampot’s seaport to break ground in March

With the bidding process for the project coming to an end, the construction of a new seaport for tourist vessels in Kampot will begin in March, a representative of Kampot’s tourism department told Khmer Times. ...

Sum Manet
http://www.khmertimeskh.com/50102228/kampots-seaport-to-break-ground-in-march/

Bag firm plans to grow local operations

Wah Sun Handbags International Holding unveiled plans yesterday to expand its Cambodia operations, citing the country’s low labour costs as the primary reason for the move. In a filing on the Hong Kong Stock Exchange, the handbag manufacturer announced plans to raise up to $18 ...

Hor Kimsay
http://www.phnompenhpost.com/business/bag-firm-plans-grow-local-operations

Workers to hawk factory machines

More than 500 workers from the Benoh Apparel factory in Meanchey district’s Stung Meanchey commune yesterday agreed to sell the remaining machines in the factory to cover their lost pay after the owner went bankrupt and fled the country. ...

Sen David
http://www.khmertimeskh.com/50101011/workers-hawk-factory-machines/

Cambodia finds new target for real estate: Chinese investors

Across this traditionally low-rise Cambodian capital, a building boom is becoming more noticeable as it pushes higher into the sky, and its largest projects are often geared towards Chinese investors, who have only recently taken interest in the nation’s real estate market.​ ...

Chris Horton
https://www.nytimes.com/2018/01/09/business/cambodia-real-estate.html

Garment factory shutters, leaving hundreds unpaid

Garment workers at the Benoh Apparel factory in the capital’s Meanchey district returned to work this week after a two-month suspension to find the building abandoned, prompting a protest demanding compensation from the government. ...

Yon Sineat and Andrew Nachemson
http://www.phnompenhpost.com/national/garment-factory-shutters-leaving-hundreds-unpaid

Chinese delegation explores local market

A delegation of some of China’s biggest companies in the food-processing industry is scouring the local market for investment opportunities in the agriculture sector. Headed by He Jianxiang, the deputy director-general of the Bureau of Product Processing at China’s Ministry of Agriculture, the delegation met ...

Sok Chan
http://www.khmertimeskh.com/50100169/chinese-delegation-explores-local-market/

Angkor ticket sales earns $107 million

The Angkor Archeological Park, which include the famed Unesco-listed Angkor temples, earned income from entry tickets of $107.9 million in 2017, a 72.5 percent increase compared with the year before. ...

Chea Vannak
http://www.khmertimeskh.com/5099220/angkor-ticket-sales-earns-107-million/

Workers protest over ‘RCAF’ factory guards

Roughly 100 garment workers protested again in front of Pou Yuen Enterprise Ltd yesterday amid allegations that the shoe factory hired Royal Cambodian Armed Forces (RCAF) soldiers to act as security guards for the company. ...

Mech Dara
http://www.phnompenhpost.com/national/workers-protest-over-rcaf-factory-guards

Changes ahead for Sihanoukville

The government is planning to build a massive economic zone in Preah Sihanouk province to accommodate up to 10,000 factories similar to Thailand’s eastern economic corridor. ...

May Kunmakara
http://www.khmertimeskh.com/5097894/changes-ahead-sihanoukville/

Industrial development plan to boost economy is ‘90%’ on track​

An ambitous 10-year plan to boost the country’s industrial development is “90 percent” on track and has earned the approval of Prime Minister Hun Sen, government representatives said yesterday.​ ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/industrial-development-plan-boost-economy-90-track

Insiders say new concrete factories not enough to stabilise local sector

Four new Cambodian cement factories are set to come online in the near future, tripling the number of local producers, but insiders and officials this week maintained that even increased capacity will not significantly lower rates of cement imports to Cambodia due to prevailing high ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/insiders-say-new-concrete-factories-not-enough-stabilise-local-sector

PM dares landlords to get rent hikes from him

Prime Minister Hun Sen reiterated his demand for the owners of garment worker housing to freeze rents in 2018 yesterday, telling the leasers to come to him personally if they disagreed with the order. ...

Yon Sineat
http://www.phnompenhpost.com/national/pm-dares-landlords-get-rent-hikes-him

Protesters to stop blocking road

Garment workers from the Gawon Apparel factory in Kandal province’s Takhmao town have agreed to stop blocking a road leading to the factory for the next 15 days as they await a solution to their labour dispute from the Arbitration Council. ...

Mom Kunthear
http://www.khmertimeskh.com/5096984/protesters-stop-blocking-road/

Groups prepare for architecture and design exhibition in 2018

Cambodia will have its third architecture and design exhibition in May next year in response to the growing demand for expertly designed structures and beautiful buildings. The exhibition, organised by Thai ICV subsidiary ICVeX and the Cambodian Society of Architects, will revolve around the theme ...

Moeun Nhean
http://www.phnompenhpost.com/post-property/groups-prepare-architecture-and-design-exhibition-2018

The wonder of Banteay Chhmar

While Angkor Wat is world-famous, only a handful of hardy travellers know of the existence of the Banteay Chhmar temple, an impressive complex located some 20 kilometres from the Cambodian border with Thailand. ...

Khmer Times
http://www.khmertimeskh.com/95988/the-wonder-of-banteay-chhmar/

Gawon workers block road again over unpaid wages

Garment workers resumed their strike against the Gawon Apparel Cambodia Co today, demanding bosses sell factory equipment to pay their salaries, though a factory official claimed the company will suspend workers to settle payroll shortages. ...

Soth Koemsoeun
http://www.phnompenhpost.com/national/gawon-workers-block-road-again-over-unpaid-wages

EU not taking action on garment industry

The European Union ambassador to Cambodia assured union officials on Tuesday that no sanctions on the garment sector had been taken. Former opposition leader Sam Rainsy and several civil society groups have called for sanctions on the garment industry following the dissolution of the opposition CNRP ...

Mom Kunthear
http://www.khmertimeskh.com/5095913/eu-not-taking-action-garment-industry/

Kingdom on track for good 2018, says AMRO

Cambodia’s economic growth is expected to remain stable this year and the next, but structural reforms and a rebalancing of the budget is critical in the medium term to sustain economic growth, the Asean+3 Macroeconomic Research Office (AMRO) said yesterday in a report. ...

Kali Kotoski
http://www.phnompenhpost.com/business/kingdom-track-good-2018-says-amro

Big trouble in little China? Exploring Chinese investment in Sihanoukville

The coastal city of Sihanoukville is undergoing a massive transformation. Once perceived as a seedy haunt for lethargic backpackers and expats, a flood of Chinese tourists and investors has begun to alter the landscape by setting up everything from gaudy casinos to towering luxury resorts ...

Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/post-depth-business/big-trouble-little-china-0

Hundreds of garment workers faint in Takeo

More than 100 workers at the JD Toyoma garment factory in Takeo province’s Bati district fainted yesterday morning while working. Police suspected the cause of the fainting was chemical fumes in the factory, but the Garment Manufacturers Association in Cambodia said the fumes did not ...

Mom Kunthear
http://www.khmertimeskh.com/5094481/hundreds-garment-workers-faint-takeo/

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