Industries

Cambodia’s garment and footwear exports will likely see a slower percentage of growth this year at around 5 percent, compared with 7 percent in 2016, a trend that industry insiders dismissed as not being indicative of an overall decline or linked to the current political ...

Prime Minister Hun Sen has allocated about $40 million per year from next year after the garment and footwear industry workers’ minimum wage increased to $170 per month. ...

Workers from the Pou Yuen Cambodia garment factory in Sen Sok district yesterday protested outside the premises after the management decided to offer them only three-month contract extensions. ...

Construction crews will break ground this weekend on a new walkway overpass alongside Olympic Stadium as part of the Olympia City development project. The Overseas Cambodian Investment Corporation (OCIC) and a municipal crew will begin work on the walkway, which will be at a five-way ...

Local diversified company Jet’s Group has launched a new collateral option that allows would-be homeowners to buy gold bullion from Hong Kong that can be used to secure investments in its Cambodian property developments, a company executive said yesterday. ...

A company based in China’s southern province of Guangdong opened a 2-hectare market for building and construction materials near the Preah Monivong Bridge in Phnom Penh on Saturday, according to a report by online Chinese news site Commercial News. ...

Nearly 1,000 workers from the Collective Union of Movement of Workers on Saturday kicked off a campaign to demand government intervention to end short-term contracts being peddled to a majority of garment workers. ...

The government yesterday significantly upped the garment and footwear sector’s minimum wage to $170 a month, from $153, the highest increase in wages in the past two years and one that comes ahead of a crucial national election next July. ...

The industry body representing Cambodia’s garment sector issued a statement yesterday urging the government to help manufacturers reduce the cost of doing business in order to offset a higher minimum wage and workers benefit package due to come into effect on January 1. ...

Prime Minister Hun Sen yesterday called on garment factory owners to reduce the use of short-term employment contracts. Speaking to more than 15,000 workers and employers representing 10 factories in Phnom Penh’s Por Senchey district, Mr Hun Sen said short-term contracts threaten the health of employees. ...

Despite better than predicted overall growth for global economies, the World Bank has slightly downgraded its 2017 forecast for Cambodia due to wage and price concerns in the Kingdom’s the garment industry as well as uncertainty surrounding next year’s national election. ...

Revenue from ticket sales to foreigners visiting Cambodia’s Angkor archaeological park hit 75.7 million U.S. dollars in the first nine months of 2017, up 70 percent compared to the same period last year, according to a press release on Sunday. ...

Union negotiators on the minimum wage for garment, textile and footwear workers have lowered their claim from $176.26 per month to $175 while the employers have increased their offer from $161 to $161.50. ...

Renowned Cambodian architect Vann Molyvann has died at the age of 90 in his home in Siem Reap. Molyvann’s assistant, Choung Chhoeun, confirmed the architectural great passed away today at 9:45am. ...

The government through the Ministry of Tourism is set to give a major boost to the country’s tourism sector to bolster the economy, said Prime Minister Hun Sen yesterday. ...

n a speech to 65 senior government officials yesterday, Cambodia’s acting foreign affairs minister said this month had been “the worst” so far in the history of Cambodia-US relations. “Our relationship seems to be difficult,” said Ouch Borith, who is second-in-command at the Foreign Affairs Ministry. ...

he Kingdom’s biggest industrial park is moving beyond its initial development stage and looking to attract nearly 200 new tenants in the next five years as it doubles its footprint. ...

Two large cement plants are expected to begin operations by the end of the year, according to a state official, who said the Kingdom has reached its limit for domestic cement production and the government will stop issuing new licences in order to protect dwindling ...

Cambodia intends to submit a petition to the United States government to extend the duty-free privileges of its Generalised System of Preferences (GSP) scheme to include footwear, giving local manufacturers a competitive advantage in the world’s biggest consumer market. But hopes are dimming as the ...

The Ministry of Labour has weighed into a dispute between more than 600 garment workers and their former employer, confirming that the factory owner has closed operations and disappeared.   ...

The Ministry of Labour’s spokesman yesterday said that free medical treatment for garment workers, announced by Prime Minister Hun Sen last week, will start on January 1. Spokesman Heng Sour said the scheme would have help from other ministries. ...

National Road 3 is to be widened to four lanes under a government development scheme financed by a Chinese loan. Speaking yesterday in a meeting with garment workers at Vattanac Industrial Park II, which is on National Road 3, Prime Minister Hun Sen said the upgrade ...

Prime Minister Hun Sen yesterday continued his bid to woo the Kingdom’s thousands-strong bloc of garment workers, reminding workers of the perils of former opposition leader Sam Rainsy’s proposal to leverage an EU embargo on garment imports to improve the country’s political and human rights ...

Prime Minister Hun Sen has ordered officials to set up health centres next to factories and areas where workers live to improve treatment for staff who fall sick. ...