ព័ត៌មាន
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 ...
Trafficked numbers rising
Their stories have become all too familiar – Cambodian fishermen enslaved on fishing boats after being promised lucrative jobs overseas. They’re also becoming increasingly common. Anti-trafficking NGOs told the Post this week that they have noticed an exponential increase in the number of trafficking complaints from ...
Danson Cheong
http://www.phnompenhpost.com/2013052265773/National/trafficked-numbers-rising.html
Agricultural brokerage firm begins operations
Chief Cambodia Holding, a Hong Kong-based brokerage firm, started its operations in Phnom Penh yesterday. The company aims to strengthen Cambodian agricultural products, a company official said. The company reserved $100 million investment capital to connect domestic agricultural producers to the market, Director of Chief Cambodia ...
Deutsche Bank, IFC Rubber Investments Questioned
Deutsche Bank and the World Bank’s International Finance Corporation (IFC) have poured millions of dollars into Vietnamese rubber companies operating in Cambodia that have engaged in illegal logging and forced evictions of local farmers, the environmental rights group Global Witness says in a new report ...
http://www.cambodiadaily.com/news/deutsche-bank-ifc-rubber-investments-questioned-23598/
Tonle Sap Airlines suspends its flights
Local charter carrier Tonle Sap Airlines has suspended flights until June, in what appears to be the latest of a series of disruptions affecting the airline, which has also recently encountered financial turbulence. The airline, which operates chartered flights from Siem Reap to China, Taipei, and ...
http://www.phnompenhpost.com/2013050965498/Business/tonle-sap-airlines-suspends-its-flights.html
Investor Decries Export Tax on Cambodian Seafood
A major Hong Kong investor in Cambodia has claimed that a government duty on seafood exports is stunting the country’s fish processing industry. Hong Kong-based Sunwah Group began operating a shrimp-processing factory in Sihanoukville in 1994, and its plans in the country now include building a ...
Macau To Cambodia Route ‘In Negotiation’
A new air route may connect Macau and Cambodia this year, a move industry experts say would reduce travel costs in the region and reflects tourist interests in both destinations’ gambling industries. Several airlines are in contact with CAM, Macau International Airport Co, “seeking to launch ...
http://www.phnompenhpost.com/2013050865475/Business/macau-to-cambodia-route-in-negotiation.html
Cambodia Angkor Air plans network and fleet expansion ahead of PAL-backed Cambodia Airlines launch
Cambodia Angkor Air is planning rapid fleet and network expansion as competition intensifies in the Cambodian market. The Cambodian flag carrier is expected to more than double its fleet by the end of 2015 and launch services to several new markets, including mainland China, Hong ...
New CAA Fleet To Take Flight
Cambodia Angkor Air (CAA) intends to acquire seven more planes by 2015, more than doubling its existing fleet of five, as the airline plans new routes in the next few years to China, South Korea, Hong Kong and India. The plan was unveiled at an industry ...
http://www.phnompenhpost.com/2013042665258/Business/new-caa-fleet-to-take-flight.html
Firm Announces Rice Energy Plan in Cambodia
A U.S.-based energy company has announced that it is planning a biomass project using genetically modified rice in Cambodia, in a purportedly massive deal about which little information has been made public. In a statement posted online Thursday, Sino Bioenergy Corp. said it had signed a ...
http://www.cambodiadaily.com/business/firm-announces-rice-energy-plan-in-cambodia-19105/
Long-overdue Consolidation of the Kingdom’s Mobile Telecoms Market May Have Operators Feeling Hopeful, but Challenges Remain
After years of immersion in a vicious price war, battle weary and capital-haemorrhaging [sic] mobile operators in Cambodia’s oversaturated telecommunications sector may finally have reason to breathe a sigh of relief; 2013 might be cited as the year the tide turned. Tarred by legal threats, ...
Koh Rong airport plans foggy
Plans are in place for a new $10 million international airport on Koh Rong island, but questions remain as to when construction would commence and when funding would be available. Designs for the roughly 7,200-square-metre airport terminal, which will consist of Khmer- and resort-style architecture, were ...
http://www.phnompenhpost.com/2013040564911/Business/koh-rong-airport-plans-foggy.html
Growing Tourism – A Positive Sign: Asia and Pacific Continue as Travel Hot Spots
Asia and the Pacific continued as a hot spot for international tourism in 2012, attracting what is expected to be in excess of 350 million international visitor arrivals, expanding its collective inbound count by more than 5% and generating more than 18 million additional foreign visits, year-on-year. Within this ...
Cambodia Posts 29 pct Rise In Large-Scale Factories Last Year
The number of large-scale factories in Cambodia has increased by 29 percent to 907 in 2012, Minister of Industry, Mine and Energy Suy Sen said Thursday. Those large-scale enterprises employed 559,600 employees last year, a 38 percent increase from 403,560 a year earlier, he said ...
http://www.asean-china-center.org/english/2013-03/28/c_132269109.htm
Hun Sen Seeks Chinese Help for Bridge Project
Prime Minister Hun Sen yesterday urged China to come up with enough funding for Cambodia to build a 3.5km bridge across the Tonle Sap and connect National Road 6 in Kampong Thom with Kampong Chhang province. Speaking at a ground-breaking ceremony for a $20 million Chinese ...
Export plans on hold
Local instant noodle company Men Sarun failed in its plan to export canned noodles to US markets this year, and an official confirmed that failures stemmed from both the unstable market price and increasing costs of transportation. Choun Kol, deputy general director of Men Sarun Investment, ...
http://www.phnompenhpost.com/2013032264621/Business/export-plans-on-hold.html
Combi plans $1.5m factory for baby goods
CONSTRUCTION is progressing on a $1.5 million baby-products factory that will be among the largest in the Phnom Penh Special Economic Zone (PPSEZ). Combi (Cambodia), which owns the factory, announced the plans for its new facility in an online job listing yesterday. The five-hectare factory was scheduled ...
http://www.phnompenhpost.com/2013032164550/Business/combi-plans-1-5m-factory-for-baby-goods.html
Myanmar’s siren song
Unions and labour rights groups have spent recent months unashamedly drilling home a stark reminder: Cambodia’s minimum garment wage, at $61 per month, compares poorly with those in Thailand – where workers earn more than $200 a month – and Vietnam, which has a base ...
http://www.phnompenhpost.com/2013031861998/National/myanmar-s-siren-song.html
NagaCorp raises $156 million from top-up placement
NagaCorp, a gaming and entertainment hotel complex operator in Cambodia, has raised HK$1.21 billion ($156 million) from a top-up placement, after fixing the price at the bottom of the indicative range. The deal was launched at around 6pm yesterday in Hong Kong time, and the ...
http://www.financeasia.com/News/336436,nagacorp-raises-156-million-from-top-up-placement.aspx
Indian Firms Look To Cambodia Industries
A delegation of 15 Indian firms is in Cambodia this week looking to increase the country’s involvement in Cambodia’s economy, particularly in the agriculture and mining sectors. At present, Cambodia does modest trade with India, the second largest country in the world by population. But the ...
Angkor Air forecasts first loss
AFTER finishing in the black every year since its launch in 2009, Cambodia’s flagship airline is forecasting a loss for the first time, in a situation that an industry analyst has described as “not necessarily typical”. Cambodia Angkor Air’s (CAA) loss is projected to span two ...
http://www.phnompenhpost.com/2013030661776/Business/angkor-air-forecasts-first-loss.html
‘Historic’ deal for workers
Labour-rights groups are lauding a “historic” deal that will result in about $200,000 in wages and benefits being paid to workers who were stranded when the Kingsland Garment factory in Phnom Penh closed unannounced in December. In a meeting on Friday that took place as more ...
http://www.phnompenhpost.com/2013030461726/National/historic-deal-for-workers.html
Second-hand, first in imports
Cambodia imported almost 10 times as many used clothes as new ones in the first 11 months of last year, according to statistics from the Ministry of Economy and Finance. Some 79,217 tonnes of used garments worth $61.5 million were brought in during that period, compared ...
http://www.phnompenhpost.com/2013030461731/Business/second-hand-first-in-imports.html
Cambodia's garment workers confront multinationals
Since mid-January a group of illegally laid off Cambodian garment workers – mostly women – have been picketing the factory they worked in. Their objective was to stop the company, which closed down, owing the workers, collectively, about US$200,000 of unpaid wages, from removing the ...