ព័ត៌មាន​

Garment Exports Booming Despite Concerns

Despite criticisms over safety, outbreaks of sometimes violent industrial action and a raise in the minimum wage that it was warned would scare off manufacturers, Cambodia’s garment sector is booming, according to government figures. A report on state newswire Agence Kampuchea Presse (AKP) on Friday said ...

http://www.cambodiadaily.com/business/garment-exports-booming-despite-concerns-34035/

U.S. seeks to cut aid to Cambodia

Lawmakers in the U.S. and human rights activists are pushing for cuts of more than $70 million in aid to Cambodia if Prime Minister Hun Sen wins the July 28 elections. Many factors have pushed the U.S. to this point be it unfair and unjust, such ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=YTQ1OTEyZDAxMTd

International Donors Call for Redesign of Sesan 2 Hydro Dam

International donors, including the U.S., Australia, the European Union and the World Bank, have urged the Cambo­dian government to redesign a massive hydropower project in Stung Treng province that environmentalists say will deplete fisheries and submit it to the Mekong River Commission (MRC) for consultation. In ...

http://www.cambodiadaily.com/news/international-donors-call-for-redesign-of-sesan-2-hydro-dam-33311/

Cambodia's garment exports up 22 pct in 5 months

Cambodia’s garment industry, the country’s biggest income earner, recorded 2.06 billion U.S. dollars in export value in the first five months of this year, up 22 percent on the same period last year, a Commerce Ministry’s report showed Tuesday. Garment export accounts for more than 80 ...

http://www.asean-china-center.org/english/2013-06/27/c_132492345.htm

‘Thinnest’ smartphone is set for debut in Cambodia

Two days after Huawei introduced the world’s thinnest smartphone in London and Singapore, the Cambodian representative office of the China-based company announced that the sleek device would be sold in the Kingdom in July. While the Chinese telecom giant hopes to increase its market share of ...

http://www.phnompenhpost.com/2013062466435/Business/thinnest-smartphone-is-set-for-debut-in-cambodia.html

Australian Police Say Appropriate Steps Taken in BHP Bribery Case

The Australian Federal Police (AFP) said Monday they have taken the necessary steps to investigate claims that the world’s largest mining company, BHP Billiton, bribed officials in Cambodia and played down reports that it had mishandled one the country’s largest cases in corporate corruption. “The ...

http://www.cambodiadaily.com/business/australian-police-say-appropriate-steps-taken-in-bhp-bribery-case-31221/

BHP bribery scandal not thoroughly investigated

Reports have today emerged criminal allegations that BHP Billiton employees bribed officials in Cambodia and China were not thoroughly investigated by the Australian Federal Police, with the matter instead being passed over to corporate regulator ASIC, which also ran no in-depth investigation. The documents released ...

http://www.miningaustralia.com.au/news/bhp-bribery-scandal-not-thoroughly-investigated

Cambodia eyes to become region's prominent gems, jewelry market

Cambodia has eyed to become a precious stone and jewelry hub in Southeast Asia region in the near future, Minister of Commerce Cham Prasidh said Thursday. Speaking at the opening of the 5th international gems and jewelry fair here, the minister said that with the fast ...

http://news.xinhuanet.com/english/business/2013-06/13/c_132452793.htm

Unions Trade Barbs Over Violent Factory Strike

Two rival workers unions continued to trade barbs Thursday, each blaming the other for a violent clash between striking garment workers and police at a factory in Kompong Speu province on Monday that saw eight people arrested. The Free Trade Union (FTU) has led strikes for ...

http://www.cambodiadaily.com/business/unions-trade-barbs-over-violent-factory-strike-29833/

Cambodia feels drop in Asian rubber prices

The end of export restrictions in Thailand and a lowering of economic growth forecasts out of top rubber importers China, the United States and Germany have caused natural rubber prices around Asia − and in Cambodia’s local industry − to fall from a two-month high. Future ...

http://www.phnompenhpost.com/2013060666093/Business/cambodia-feels-drop-in-asian-rubber-prices.html

Cambodia’s garment exports grow 17.5% in Jan-March’13

The exports of garments and textiles from Cambodia have grown by 17.5 percent year-on-year to reach US$ 1.34 billion during the first three months of the current year, data released by the Ministry of Commerce shows. Last year, Cambodia exported apparels worth US$ 4.61 billion, ...

http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=146951

Cambodian Trade Union warns protest to demand release of arrested members

Cambodian Free Trade Union of Workers (FTU) warned Tuesday to stage a protest if the authority does not release its eight members who were arrested by police on Monday during a demonstration at a Taiwanese-owned garment factory, a union leader said. FTU’s president Chea Mony ...

http://news.xinhuanet.com/english/world/2013-06/04/c_132430572.htm

Cambodia’s garment industry expanding

Both exports and imports of garment materials rose more than 17 per cent in the first quarter of the year compared with the same period last year, reflecting a growth in Cambodia’s biggest industry. Exports of garment and textile materials went up by 17.5 per cent ...

http://www.phnompenhpost.com/2013060466032/Business/cambodia-s-garment-industry-expanding.html

Pirated Software May Threaten Garment Firms

Garment factories run the risk of having their cargo confiscated by U.S. customs authorities if they continue using pirated computer software in their administrative operations, and may be prosecuted under a law that requires all manufacturers to use licensed digital software, according to a local ...

http://www.cambodiadaily.com/business/pirated-software-may-threaten-garment-firms-28459/

Cambodia, U.S. sign emissions reduction agreement

Cambodia and the United States on Friday signed a Memorandum of Understanding on low emissions and climate resilient development in Cambodia, according to a press statement from the U.S. Embassy to Phnom Penh. The deal was inked between Cambodian Minister of Environment Mok Mareth and Rebecca ...

http://www.china.org.cn/environment/2013-05/31/content_28997411.htm

Local banks gain trust: survey

Nearly nine out of 10 Cambodians have confidence in local financial institutions, a trend that stands in sharp contrast to Europe and the US, a poll published last week found. However, industry insiders question the results, as the Kingdom’s financial services are still under-developed. The poll ...

http://www.phnompenhpost.com/2013052765847/Business/local-banks-gain-trust-survey.html

As Foreign Aid Increases, Questions About Conditions

Cambodia has seen huge growth of foreign aid and loans over the past two decades, but experts are beginning to question its worth—and what conditions might be attached. Total aid from 1993 to 2012 amounts to around $10 billion, with the percentage of aid coming as ...

http://www.voacambodia.com/content/as-foreign-aid-increases-questions-about-conditions/1664821.html

Factory Dining Hall Collapses in Phnom Penh; 23 injured

The dining hall of a garment factory in Phnom Penh’s Meanchey district that supplies clothes to U.S. brand Gap collapsed into a pond Monday, injuring more than 20 workers who were eating lunch, workers and officials said. The hall, which is part of Top World Garment ...

http://www.cambodiadaily.com/news/factory-dining-hall-collapses-in-phnom%E2%80%88penh-23-injured-25558/

Cambodians Abroad Sent Home $256M Last Year

Cambodian migrant workers sent home $256 million last year, according to a report from a U.N. agency and the World Bank, which was released in Bangkok yesterday. The report from the bank and Rome-based International Fund for Agriculture Development (IFAD), titled Sending Money Home to Asia, ...

http://www.cambodiadaily.com/business/cambodians-abroad-sent-home-256m-last-year-25574/

ASICS Wants Monitoring Of Cambodian Sub-Contractors After Accident

The Japanese athletics brand ASICS said Friday that it would push its four Cambodian sub-contractors to join a programme that monitors conditions in garment and shoe factories. “We will strongly request to our sub-contractors in Cambodia to sign up to this programme,” Katsumi Funakoshi, ASICS ...

http://www.nationmultimedia.com/breakingnews/ASICS-wants-monitoring-of-Cambodian-sub-contractor-30206398.html

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

The canes of wrath

Satiating the demands of the global sugar industry is big business for Cambodia’s sugarcane plantations. Yet accusations of human rights abuses and land grabs in the Kingdom have left a bitter aftertaste for many on the ground as companies vie for a larger slice of ...

http://sea-globe.com/sugar-cambodia/

CIMB says Local Investors Bring More Franchises to Cambodia

The steady growth of franchises from overseas is likely to continue as young, moneyed Cambodians seize the opportunity to bring name brands into the country, a bank official said yesterday. Hoping to help its customers and others invest in franchises, Malaysia-based CIMB Bank yesterday organized ...

http://www.cambodiadaily.com

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