Industries

H&M reassess strategy amid EBA withdrawal

Swedish fashion giant H&M Group said they were evaluating how the EU’s decision to withdraw one-fifth of the ‘Everything But Arms’ (EBA) scheme would impact their business and production strategy in Cambodia. ...

Niem Chheng
https://www.phnompenhpost.com/national-politics/hm-reassess-strategy-amid-eba-withdrawal

CDC okays investments worth over $83 million

Ten investment projects worth $83.7 million were approved by the Council for the Development of Cambodia (CDC) this week, it said in a press release said on Tuesday. The projects are anticipated to create some 4,744 jobs. ...

Thou Vireak
https://www.phnompenhpost.com/business/cdc-okays-investments-worth-over-83-million

GMAC: Pulling rug from under workers’ feet not way to proceed

The Garment Manufacturers Association in Cambodia (GMAC) has expressed disappointment at the European Commission’s (EC’s) recent decision to suspended one-fifth of the Everything But Arms (EBA) scheme awarded to Cambodia. ...

Niem Chheng
https://www.phnompenhpost.com/national-politics/gmac-pulling-rug-under-workers-feet-not-way-proceed

Garment, footwear, and travel goods exports valued at $9.3 billion

Cambodia exported garments, footwear and travel goods worth $9.35 billion in 2019, a year-on-year increase of 11 percent, according to a report from the Ministry of Industry and Handicraft. ...

Chea Vannak
https://www.khmertimeskh.com/50692028/garment-footwear-and-travel-goods-exports-valued-at-9-3-billion

Hopes to boost textile exports to Japan with added value

Cambodia, as well as Laos, Myanmar and Vietnam, are being encouraged to improve their production chains to provide added value to their textile products exported to Japan. The call came at a Phnom Penh workshop for representatives from Cambodia, Lao, Myanmar and Vietnam (CLMV) on ...

Chea Vannak
https://www.khmertimeskh.com/50691648/hopes-to-boost-textile-exports-to-japan-with-added-value

Coronavirus likely to result in lay-offs as China factories close

The Ministry of Labour and Vocational Training has warned that some garment factories in Cambodia may be forced to shut down temporarily or lay off workers next month due to a shortage of raw materials. As the 2019 Novel Coronavirus (2019-nCoV) continues to spread across ...

Khorn Savi
https://www.phnompenhpost.com/national/coronavirus-likely-result-lay-offs-china-factories-close

New Phnom Penh Airport cost estimated at $1.5 billion

Cambodia Airports and the Overseas Investment Corp (OCIC) have shown progress in discussions on the development of a new Phnom Penh International Airport which is expected to be finished next year. ...

Chea Vannak
https://www.khmertimeskh.com/50687604/new-international-travel-hub-seeks-development-cooperation

Sihanoukville rents plummet as land prices stay stagnant

Sihanoukville, a once-sleepy seaside city in the Kingdom’s coastal province that has now become a ballooning enclave for Chinese-run construction and real estate, is now seeing house rental prices plummeting and land values stagnating. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50687804/sihanoukville-rents-plummet-as-land-prices-stay-stagnant

Masterplan for Preah Sihanouk province

Preah Sihanouk province will soon become a multi-purpose special economic zone and potentially the industrial hub of Cambodia, according to a senior official from the Ministry of Economy and Finance. ...

Sok Chan
https://www.khmertimeskh.com/50688097/masterplan-for-preah-sihanouk-province

Mondulkiri Airport will aid plans for biggest eco-tourism region in Cambodia

Mondulkiri province has been flagged for transformation into the biggest agro- and eco-tourism destination in Cambodia, according to the Ministry of Economy and Finance. A feasibility study includes upgrading an airport for the capital, Sen Monorom, for domestic and international destinations. ...

Sok Chan
https://www.khmertimeskh.com/50687605/airport-will-aid-plans-for-biggest-eco-tourism-region-in-cambodia

CDC approves seven projects in January

The Council for the Development of Cambodia (CDC) approved seven garment and travel goods investment projects last month, worth $33.4 million. The figures were released by CDC throughout the month and calculated by The Post. The EU is scheduled to decide whether to keep or withdraw ...

Thou Vireak
https://www.phnompenhpost.com/business/cdc-approves-seven-projects-january

Thousands of Chinese leave Kingdom after ban on online gambling

The General Department of Immigration yesterday reported that tens of thousands of Chinese nationals left the Kingdom before the end of last year since the ban on online and arcade gambling was announced by Prime Minister Hun Sen in August. ...

Ben Sokhean
https://www.khmertimeskh.com/50685775/thousands-of-chinese-leave-kingdom-after-ban-on-online-gambling

Wuhan coronavirus: Tourism industry could hit turbulence

Tourism industry officials and representatives expressed concern that the outbreak of the 2019 Novel Coronavirus (2019-nCoV) will devastate Cambodia’s tourism industry following the Kingdom’s first documented case in the coastal province of Sihanoukville on Monday. At a press conference late on Monday, Minister of Health ...

Hin Pisei
https://www.phnompenhpost.com/national/wuhan-coronavirus-tourism-industry-could-hit-turbulence

Minister Chea Sophara presides over ceremony for new building

Minister Chea Sophara yesterday reportedly presided over a ground-breaking ceremony for the construction of a new Land Management Ministry building on a three-hectare plot of land in the capital’s Sen Sok district. The ministry last week announced it will be relocating to the new premises ...

Mom Kunthear
https://www.khmertimeskh.com/50684881/minister-chea-sophara-presides-over-ceremony-for-new-building

Rubber exports rise by 30% year-on-year

Cambodia exported more than 282,071 tonnes of rubber last year, a 30 per cent increase from 2018’s 217,501 tonnes, a Ministry of Agriculture, Forestry and Fisheries report said. The commodity reeled in $377 million in revenue last year, up 32 per cent from 2018’s $286 ...

Thou Vireak
https://www.phnompenhpost.com/business/rubber-exports-rise-30-year-year

One cent off of electricity costs for industrial sector

The government is poised to reduce the price of electricity by 40 riel ($0.01) per kilowatt-hour for the industrial sector next month, said Minister of Mines and Energy Suy Sem on Tuesday. Insiders lauded the announcement but called on the government to improve the quality ...

Thou Vireak
https://www.phnompenhpost.com/business/one-cent-electricity-costs-industrial-sector

More illegal buildings to be demolished in Sihanoukville

Preah Sihanouk Provincial Hall is warning residents the authorities will begin demolishing  nearly 30 illegally built houses along canals and sidewalks in Sihanoukville’s Buon commune after Provincial Governor Kuoch Chamroeun ordered them to do so this week. “Provincial authorities have sent a letter to 29 ...

Ben Sokhean
https://www.khmertimeskh.com/50682045/preah-sihanouk-authorities-to-clear-homes-for-flood-reduction

GMAC: Indian software to up GTF efficiency

The Garment Manufacturers Association in Cambodia (GMAC) announced it will introduce smart technology solutions to bolster efficiency in the textile industry as it works to embrace the forthcoming Fourth Industrial Revolution. ...

Hin Pisei
https://www.phnompenhpost.com/business/gmac-indian-software-gtf-efficiency

Chinese firms to build new PP airport

Three enterprises, all Chinese-owned, have been chosen to build the new airport that will service the Cambodian capital, the company in charge of the project said.​​ Cambodia Airport Investment Co Ltd said a total of five companies had entered the bidding process. ...

May Kunmakara
https://www.phnompenhpost.com/business/chinese-firms-build-new-pp-airport

Minister calls on construction companies to verify their work

The Ministry of Land Management, Urban Planning and Construction has called on all trade professionals that work in the construction sector to have their design and construction work verified. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50679696/minister-calls-on-construction-companies-to-verify-their-work

Malaysian firms keen in wastewater treatment and eco-tourism: Ambassador

Malaysian firms are interested in investing in wastewater treatment and eco-tourism in the Kingdom, sectors in line with the country’s bid to boost bilateral trade and strengthen ties with the Kingdom. ...

Khuon Narim
https://www.khmertimeskh.com/50679775/malaysian-firms-keen-in-wastewater-treatment-and-eco-tourism-ambassador

Government’s study aims to expand rubber revenue

The General Directorate of Rubber announced a joint study on family-owned rubber plantations in three provinces to better understand how growers have responded to the sharp drop in rubber prices over the past nine years. The average cost of rubber has fallen from around $4,600 ...

Thou Vireak
https://www.phnompenhpost.com/business/governments-study-aims-expand-rubber-revenue

Land Ministry toughens measures to guarantee safety at building sites

A day after officials were instructed to check construction projects nationwide, the Ministry of Land Management, Urban Planning and Construction on Friday issued another directive to the relevant authorities and construction companies in the Kingdom to enforce the Law on Construction. The directive was issued ...

Voun Dara
https://www.phnompenhpost.com/national/land-ministry-toughens-measures-guarantee-safety-building-sites

Kingdom’s fuel prices fixed despite US-Iran row

Increase tensions between the US and Iran, one of the world’s largest oil producers, could cause prices to fluctuate, the Ministry of Commerce warned on Thursday. However, the ministry said fuel prices in the Kingdom will stick to those announced every 15 days, which are ...

Hin Pisei
https://www.phnompenhpost.com/business/kingdoms-fuel-prices-fixed-despite-us-iran-row

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