Industries

Manufacturing

Bank Collapse Sees Property Up for Grabs

A prime piece of Phnom Penh real estate was put up for auction last week by a South Koran government agency attempting to recoup taxpayers’ money lost during a bank collapse last year. Bids have been made that could see a new development on the site, ...

Protesters Stage EU faint-ins

In a year in which more than a thousand Cambodian garment factory workers have fainted on the job, activists across Europe are demonstrating for higher wages and better working conditions in the Kingdom’s factories. Throughout the past week, demonstrators mimicked faintings by collapsing on the floors ...

http://www.phnompenhpost.com/index.php/2012092458864/National-news/protesters-stage-eu-faint-ins.html

Activists Stage Flash “Faint-Ins” at H&M, Gap to Protest Sweatshop Conditions

Dozens of human-rights activists are staging flash “faint-ins” at high-street retailers across Europe to illustrate the high incidence of mass fainting in Cambodia’s apparel factories. Protestors from the Clean Clothes Campaign, an alliance of organizations in 15 European countries dedicated to improving working conditions in ...

http://www.ecouterre.com/activists-stage-flash-faint-ins-at-hm-gap-to-protest-sweatshop-conditions/

Price of imported raw silk decreases

The price of imported raw silk decreased to US$44 per kilogram even as raw silk production fell off, according to industry insiders. Imported raw silk dropped 12 per cent to $44 per kilogram compared to $50 per kilogram last May. Cambodia Craft Federation CEO Soeng Kemyun, said ...

http://www.phnompenhpost.com/index.php/2012091158633/Business/price-of-imported-raw-silk-decreases.html

SCG vows Asean coverage

Siam Cement Group (SCG), the country’s top industrial conglomerate, says its logistics unit will cover Asean and southern China within five years, partly through mergers and acquisitions. Kan Trakulhoon, the president and chief executive, said the expansion will accommodate growing regional trade under the Asean Economic ...

http://www.bangkokpost.com/business/economics/308580/scg-vows-asean-coverage

Garment Factory Monitoring Needs to Improve

The International Labor Organization’s (ILO) Better Factories Cambodia (BFC) program must overhaul its monitoring practices before it can meaningfully improve working conditions in the garment sector, accoring to the authors of a new report. the new report by Community Legal Education Center and the Netherlands-based ...

Fainting workers blame fumes

Almost 150 garment factory workers from two Phnom Penh factories fainted late last week after inhaling toxic fumes used to treat clothes, workers and union leaders said yesterday. The mass faintings came as the Clean Clothes Campaign and Community Legal Education Center released an evaluation report ...

http://www.phnompenhpost.com/index.php/2012090358448/National-news/fainting-workers-blame-fumes.html

Garment Workers Rally for Third Day to Sack Factory Manager

More than 2,00 female workers from a factory in Phnom Penh that makes clothes for the U.S. brand Gap protested yesterday for a third straight day demanding that the firm sack a manager at the factory for allegedly abusing workers. Lining Russian Boulevard near the Ocean ...

Handicraft handicap

While Cambodian handicrafts such as silk clothing, stone and wood carvings and rattan furniture are popular with tourists, who snap up the articles at gift shops and airports, the size of the sector is nowhere near what it might be, according to industry insiders. They ...

Phnom Penh Land Prices Slow Growth

Property prices in Phnom Penh increased by about 15 percent at the end of June compared to the same period in 2011 , according to data released yesterday by local realty firm Asia Real Estate Cambodia (ARC). The average price of commercial property in Phnom Penh ...

Cambodia: Is Adidas exploiting workers?

Am Phalla sits outside the factory gates of apparel maker Shen Zhou (Cambodia) Co. Ltd., sharing a lunch of rice, vegetables and fried fish with coworkers. She has been sewing clothes at Shen Zhou for a little less than a year, but is unaware that the ...

http://www.globalpost.com/dispatch/news/regions/asia-pacific/cambodia/120723/cambodia-factory-workers-minimum-wage-olympics

Phnom Penh's new apartments soar on high rents

Real estate developments covered in green tarp have sprung up across the capital’s Boeung Kang Kong commune, and housing units are filling before the projects are finished, insiders said. The value of construction approvals in Phnom Penh jumped by 557.5 per cent in March to US$150.5 ...

http://www.phnompenhpost.com/index.php/2012071957504/Business/phnom-penh-apartments-soar-on-high-rents.html

Number of Condominiums Grows in Phnom Penh

The number of condominiums in Phnom Penh has increased 22 percent to 2,578 units since the beginning of the year, according to data released yesterday by Asia Real Estate Cambodia. The firm said that the majority of the new units came from the completion of 10 ...

Brewery answers PM’s call for product exports

Khmer Brewery (KB), a locally owned company that produces Cambodia Beer, has made its first export to Japan, partly in response to Prime Minister Hun Sen’s call in mid-May for local food and beverage producers to push their products abroad. KB public-relations manager Sok Chantha said ...

http://www.phnompenhpost.com/index.php/2012071157337/Business/brewery-answers-pms-call-for-product-exports.html

Dozens of City Offices Privatized

The government last month privatized more than a dozen department and commune offices in some prime locations around Phnom Penh, and will move many of them to Sen Sok district, according to documents and officials. A sub-decree dated June 27 and signed by Prime Minister Hun ...

Real estate firm ready for CSX listing

Bonna Realty Group will prepare to list on the Cambodia Securities Exchange, the company’s president said this week. The real estate firm joins a small but growing group of private companies that say they are gearing up for initial public offerings on the new exchange. ...

http://www.phnompenhpost.com/index.php/2012070657246/Business/real-estate-ready-for-csx.html

Long-Running Protest Still Without Resolution

About 2,000 workers at a factory supplying clothes to U.S. brands Levi Strauss, Gap and Old Navy were stopped by security forces yesterday as they attempted to march from Kandal province to the Ministry of Labor to protest for severance payments and additional benefits. Protests at ...

3,000 Factory Workers Block Road; Protests Set to Continue

About 3,000 workers at a factory supplying clothes to U.S. brands Levi Strauss and Old Navy blocked traffic for nearly five hours yesterday on National Road 4 in Kandal province, as part of a protest for more benefits and severance pay, protesters and police said. Protests ...

Workers Strike at Factory Supplying US Brands

Roughly 4,000 garment workers at a factory supplying clothes for U.S. brands Gap, Levi Strauss and Old Navy went on strike yesterday and threatened to march in Phnom Penh on Thursday to demonstrate against poor pay. The demonstration took place at Tai Yang Enterprises in Kandal ...

Authorities Seize Excavators Constructing Illegal Reservoirs

Kompong Thom provincial military police confiscated 29 excavators and arrested four drivers in a four-day operation ending yesterday aimed at stopping the illegal construction of reservoirs around the Tonle Sap lake, officials said. The reservoirs, which are used to retain water for use in dry-season farming, ...

Office space growing as more firms set up shop in Phnom Penh

The supply of second-tier office space has increased during the first half of 2012 as the number of new firms in Phnom Penh city continues to grow, according to real estate experts. A study by Asia Real Estate Cambodia (ARC) found that office space in the “grade B” category now stands at ...

http://www.etmcambodia.com/index.php

Cambodia releases 600,000 fry, shrimps to observe 10th National Fish Day

At least 500,000 baby fish and 100,000 young shrimps had been released into a reservoir in the Eastern part of Cambodia on Sunday to mark the 10th National Fish Day. Annual event is aimed at encouraging people to actively join forces to preserve fish species ...

http://news.xinhuanet.com/english/business/2012-07/01/c_131687674.htm

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