News

H&M Says Garments Made in Cambodian Factory Without Approval

Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, said some H&M garments were produced without its knowledge or approval at a factory in Cambodia where workers were injured in a partial building collapse this week. A supplier of the Stockholm-based company placed two minor orders with ...

http://www.bloomberg.com/news/2013-05-22/h-m-says-garments-made-in-cambodian-factory-without-approval.html

EU Won’t Investigate Land Concessions—for Now

The trade commissioner and foreign affairs representative of the European Union (E.U.) have turned down a request from 13 members of the European Parlia­ment that they immediately investigate Cambodia’s much criticized economic land concessions, but said they were monitoring the issue closely. In a March letter ...

http://www.cambodiadaily.com/news/eu-wont-investigate-land-concessions-for-now-25194/

Cambodian factory deaths shine spotlight on conditions

The deaths of at least two Cambodian workers and injuries sustained by 10 colleagues at a shoe factory southwest of Phnom Penh once more shine a light on conditions in the global garment manufacturing industry. Thursday’s accident at the Wing Star Shoe factory in the Cambodian ...

http://www.dw.de/cambodian-factory-deaths-shine-spotlight-on-conditions/a-16819017

Damco expands operations

Alongside growing Cambodian exports, Danish logistics company Damco opened a second CFS warehouse facility in Phnom Penh yesterday. The 10,500-square-metre facility, on National Road 4, brings the company’s total warehousing capacity in Cambodia to 16,500 square metres. ...

http://www.phnompenhpost.com/2013040564905/Business/damco-expands-operations.html

Chinese Investments in Cambodia Ignore Environment Queries

China’s expanding investment portfolio in Cambodia has brought into sharper focus the darker side of the Asian giant’s “development projects” in the impoverished Southeast Asian nation. And it is in the southwestern corner of Cambodia—known for its rich biodiversity, forest covered hills and bubbling rivers—where this ...

http://www.irrawaddy.org/archives/30883

Tax revenue sees a 27 per cent jump

The Kingdom’s tax revenue increased 27.85 per cent in the first two months compared to a year earlier, a figure the opposition party said is low due to corruption and tax cheats. According to the data from the General Department of Taxation (GDT), total tax revenue ...

http://www.phnompenhpost.com/2013032864735/Business/tax-revenue-sees-a-27-per-cent-jump.html

Rubber to give economy a bounce

Cambodian officials say they will focus on nine different sectors in a bid to diversify and ensure continued national economic growth. Among the nine priorities, rubber will play a crucial role in Cambodia’s trade integration strategy. After opening a workshop on Cambodia’s trade strategy for the coming ...

http://www.phnompenhpost.com/2013032664693/Business/cambodia-looks-to-rubber-to-give-economy-a-bounce.html

Cambodia’s Economic Growth Will Help Poverty Reduction

Cambodia economic growth was 7.3 percent in 2012. Agriculture grew by 4.3 percent, crops by 4.9 percent, fisheries by 6.7 percent, industry by 9.2 percent, garment [sector] by 6.9 percent and the service industry by 8.1 percent, said Dr Hang Chuon Naron, Secretary of State ...

http://thesoutheastasiaweekly.com/

Final Wage Offer for Garment Workers Is $75

The Garment Manufacturers Association in Cambodia (GMAC) informed the government yesterday that their final offer in minimum wage negotiations with the country’s unions is $75 per month, $25 less than the unions had wanted. The $75 dollar figure, however, includes a $5 state-mandated health bonus, paid ...

http://www.cambodiadaily.com/

Cambodia's energy costs deter investors

Cambodia’s infrastructure is deterring highly anticipated investment into the production of raw materials to support its rapidly growing garment sector, experts say. While garment exports rose 10.2 per cent to $5.48 billion last year, the increase of raw materials imported to support this growth increased about ...

http://www.phnompenhpost.com/2013020761221/Business/cambodia-s-energy-costs-deter-investors.html

Cambodia attracts $2.28 bln investment projects last year: gov't report

Cambodia had granted licenses to 157 domestic and foreign investment projects with a total investment of 2.28 billion U.S. dollars in 2012, according to a report of the Council for the Development of Cambodia (CDC) on Tuesday. Domestic investors topped the chart among all investors last ...

http://news.xinhuanet.com/english/business/2013-01/29/c_132136638.htm

Cambodia lacks skilled workforce

Against the backdrop of the slight recovery by world economies, especially the US and Europe, two traditional markets for Cambodia, Asian Development Bank (ADB) deputy country director Peter Brimble sat down with the Post’s group business editor, May Kunmakara, to talk about Cambodia’s economic performance, ...

http://www.phnompenhpost.com/2013011160733/CEO-Talk/cambodia-lacks-skilled-workforce.html

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