សេដ្ឋកិច្ច និងពាណិជ្ជកម្ម

June Textiles Factory has agreed to compensate more than 4,000 workers who have lost their jobs when the factory burned down after months of protests and arbitration hearings. The announcement came from the Garment Manufacturers Association in Cambodia that the workers would be receiving the ...

60 some Angkor beer promoters are going to hold a strike outside of the company’s Phnom Penh offices in order to draw attention to the labor violations and discrimination they’ve suffered. The strike is planned to be loud and colorful according to Cham Rong, the ...

June Textile Factory will compensation the more than 4,000 workers in accordance with an Arbitration Council ruling, granting the workers severance pay after the Phnom Penh factory burned down. According to Albert Teoh, administration director of June Textile Factory, all workers would receive the full ...

Villagers in Svay Rieng province from 10 villages have taken part in an armed protest against the granting of a land concession in the forest that will turn it into a rubber plantation. The villagers claim to have been on the land since 1979 and ...

Garment exports for the first half of 2011 have increased as demand from Europe and Asia grows. The relaxation of duty-free exports to Europe has sped the growth according to the Garment Manufacturers Association in Cambodia. Exports are said to have increased by 32 percent ...

Chevron partner KrisEnergy Holding Company has secured $115 million for its projects in the offshore petroleum area known as Block A . Block A is leased by Chevron Overseas Petroleum Cambodia Limited with 30 percent interest, KrisEnergy Holding Company with 25 percent, Mitsui Oil Exploration ...

Workers at two different factories in Phnom Penh suffered mass fainting spells yesterday according to the Ministry of Labor and the factory officials. A Puma owned shoe factory 49 workers fainted and at the Hung Way garment factory another 64 workers fainted. The Puma factory ...

Angkor Beer promoters held a protest outside of Cambrew Ltd in Phnom Penh in order to receive more overtime pay on the weekends, following an Arbitration Council order that the company pay each employee $2 more and Angkor Beer’s failure to do so. The 30 ...

32,000 macaques primates have been exported from Cambodia over a 4 year period according to the Convention on International Trade in Endangered Species. The Species Survival Network has said that there is a significant trade in the animal and that it is most commonly used ...

Villagers along the Koh Kong province’s coastline have been relocated by a Chinese development company as they have not been granted access to their farm land which falls within the development area and are running short of food. 20 tons of rice have been delivered ...

Cambodia’s economic growth is expected to reach 8.7 percent this year as a result of the growth within the garment sector and the increased prices for agricultural products. The Economic Institute of Cambodia (EIC) has said that the garment industry, including the manufacturing of shoes, ...

The trade deficit of Cambodia has reached $1.02 billion for the first six months of the year or 48.63 percent according to the Ministry of Commerce. This is as a result of exports increasing 50 percent based on year-on-year data. According to Chan Sophal, president ...

Sihanoukville Autonomous Port has seen an increase of 520 percent in the amount of construction machinery being imported. According to Chea Sambath, director of the port’s planning and statistics department, the increase is as a result of the increased investment in roads, hydropower dams and ...

2,000 some fashionistas from around Asia will descend on Phnom Penh in October for 10 days during the country’s first fashion event, costing an estimated $1 million. According to Sophy Ke, president of the Cambodia Fashion Council, Cambodia Fashion Week is intended to increase domestic ...

Hung Wah Cambodia Garment factory has been temporarily closed by its management after a second mass fainting spell of its floor workers. Authorities have asked that the factory close for a short time in order for the workers to have an opportunity to relax. There ...

Government approval has been granted to the Overseas Cambodia Investment Corporation (OCIC) for the development of high-end condominiums, a hotel, shopping mall and more on the land surrounding the Olympic Stadium in Phnom Penh. OCIC is in the process of obtaining a 99 year lease ...

Cambodia is concerned that US debt could lead to rising import costs. US lawmakers are currently trying to pass a deficit-cut deal before Aug. 2 when the US reaches its own debt ceiling of $14.3 trillion. Without a deal the US would default on its ...

According to human rights group Adhoc, five agro-farming concessions granted to Chinese firms are adversely affecting 3,000 families in Preah Vihear province. The concessions have come with warnings of possible land disputes and potential protests. Prime Minister Hun Sen granted the economic land concessions to ...

The Ministry of Post and Telecommunications implemented a law preventing mobile phone service providers from selling at less than cost over a year and a half ago, though the companies are still lowering their tariffs in an effort to remain competitive in the highly saturated ...

In an effort to increase Khmer film production the Ministry of Culture and Fine Arts is going to build a state-run cinema next to the Chaktomuk Conference Hall. Recently Westec Media opened a cinema, the first offering 3D movies in Cambodia, at City Mall in ...

The high number of approved projects in the tourism sector is a sign of optimism according to Minister of Tourism Thong Khon. Due to emphasis on areas beyond Angkor Wat, Cambodia’s GDP could largely be a result of tourism. The current 57 projects are worth ...

Prices for Vietnamese goods are increasing driving up demand for lower cost Cambodian goods. Exports to Cambodia’s neighbor have increased by more than 84 percent for the beginning of 2011, totaling some $247 million according to the Vietnam Trade Office. Inflation is rising in Vietnam ...

ANZ Royal Bank is seeking a larger part in handling transitions involving the Chinese yuan as the currency becomes more prevalent. Exports who bill their clients in yuan are being granted tax rebates of between 15 and 18 percent by the Chinese government. A service ...

Textile workers at the Supertex factory are considering holding another strike because their compensation demands have not been met during an Arbitration Council hearing. Previously Supertex announced it was closing its factory without having given prior notice, prompting the 1,600 works to seek arbitration. With ...