News
Trade Deficit Up 34 Percent On Last Year
Cambodia’s trade deficit in the first half of the year grew 34.31 percent compared with the same period in 2011, reaching $1.36 billion, according to data released by the Ministry of Commerce. Though revenues earned from exports grew 12.13 percent to about $2.50 billion, a growing ...
Cambodia's export growth falls
Increased labour strife in the garment sector and slumping Western economies contributed to a slow-down in Cambodia’s exports during the first six months of the year, with total growth dropping by about 74 per cent year on year. Exports rose, to US$2.5 billion, up 12 per ...
http://www.phnompenhpost.com/index.php/2012072357550/Business/export-growth-falls.html
Factories still skimping: ILO
Cambodia’s garment exports exceeded US$1 billion during the first quarter of 2012, yet many factories are failing to pay workers proper maternity leave benefits or address issues of fainting, a labour report says. The International Labour Organization-Better Factories Cambodia’s Twenty Eighth Synthesis Report on Working Conditions ...
H&M finds no evidence of violence at supplier factory
A representative of clothing brand H&M said yesterday that there was no conclusive evidence proving that staff from their supplier factory in Kandal province had committed violence against a union representative on Wednesday. Nhem Samphose, a representative for the Free Trade Union at New Archid Garment ...
Garment sector peace sought
Prime Minister Hun Sen has called on unions, employers and the Ministry of Labour to take a collaborative approach to stamping out violent protests in the garment industry, a unionist said yesterday. During a Saturday conference involving 4,000 people from more than 60 union groups, Hun ...
http://www.phnompenhpost.com/index.php/2012043055870/National-news/garment-sector-peace-sought.html
Cambodia gives region ‘export’ advice
Cambodia’s garment sector yesterday looked more like a teacher to regional economies such as Myanmar than a student of China and other export juggernauts. With more than 500 garment and shoe factories – adding a new one every 10 days, according to the Garment Manufacturers Association ...
Hun Sen Blames Migration for Labor Shortage in Agriculture
Prime Minister Hun Sen yesterday blamed illegal immigration for contributing to a current shortage in the Cambodian labor market but said workers could benefit from rising wages as a result of the demand for workers. Mr. Hun Sen said the shortage was hitting the agriculture sector ...
After record high, garment exports slow
As predicted by the International Monetary Fund and World Bank earlier this year, growth in Cambodia’s garment sector has started to slow due to weakening demand from markets in the US and Europe. According to the latest figures released by the Garment Manufacturers Association in Cambodia ...
Mega-projects lead to big growth in approved investments
Approved investments in Cambodia reached $5.6 billion during the first nine months of the year, a 305 percent increase compared to the same period the year before, according to data from the Council of the Development of Cambodia (CDC). Last year’s approved investments during the same ...
Exports up despite EU crisis
While sovereign debt crises in Europe and a lagging US economy have yet to curtail cheap Cambodian exports, industry watchers said domestic producers should diversify their target markets to avoid a future slow down. Exports saw a more than 40 per cent increase year-on-year between January ...
http://www.phnompenhpost.com/index.php/2011102052246/Business/exports-up-despite-eu-crisis.html
Banking sector shows growth in 3rd quarter
Taking advantage of strong economic growth this year, two of the country’s largest banks have posted strong third-quarter earnings. Acleda Bank yesterday reported a net profit of $32.68 million in the first three quarters of the year, almost double the amount over the same period last ...
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