Cambodia's garment industry seen approaching crossroads

Cambodia’s $5.5 billion garment industry is nearing a crossroads amid uncertain prospects for outsourcing, an industry source says, citing participants at a recent trade show in Phnom Penh. “Many industry suppliers believe that while Cambodia remains a growing market for their textile and garment products, there ...

The Cambodia Herald News Staff

Cambodia sees big jump in construction investment in first quarter

Cambodia’s construction sector received a total investment of 851 million U.S. dollars in the first three months of 2014, up 311 percent compared with 207 million U.S. dollars over the same period last year, the official figures showed Thursday. During the January-March period this year, the ...

Shanghai Daily News Staff

British institute preparing report on garment factory safety

Britain’s Royal Institute of Chartered Surveyors says it is preparing a report for the Cambodian government on possible steps to reassure garment buyers about factory safety. The report by the institute, which investigated the Rana Plaza garment factory collapse in Bangladesh last year, will also include ...

The Cambodia Herald News Staff

Cambodia, Britain sign MOU to fight crimes

Cambodia and Britain signed Memorandum of Understanding (MOU) to fight against cross-border crimes. “The MOU focused on cooperation between the General Commissariat of National Police and Britain’s National Crime Agency to fight against crimes and related violations,” said Kirt Chantharith, national police spokesman. ...

The Cambodia Herald News Staff

CMAC eyes budget bump of $13 million

The Cambodian Mine Action Centre (CMAC) is looking to increase its annual budget to $33 million this year amid a need to upgrade its life-saving equipment, an official said yesterday. Approximately $10 million has already been raised, according to CMAC director Heng Ratana, who expressed confidence ...

Amelia Woodside

Hun Sen asks Britain to help human resource development

Prime Minister Hun Sen asked Britain to help Cambodia on human resource development. Hun Sen and Hugo Swire, British Foreign Minister for Asian Affairs, had a meeting Friday at the Peace Palace. ...

The Cambodia Herald News Staff

Cambodia's construction attracts over 2 bln USD investment in 8 months

PHNOM PENH, Sept. 27 (Xinhua) — Cambodia’s construction sector had received a total investment of 2.14 billion U.S. dollars in the first eight months of the year, up 40 percent from 1.53 billion U.S. dollars over the same period last year, a government report showed ...

Xinhuanet News Staff

Korea trade nears $1 billion

Bilateral trade between Cambodia and South Korea nearly reached the $1 billion dollar realm in 2012, a hike of nearly 100 per cent from the year before, senior officials said yesterday. According to official data from the Korea Trade-Investment Promotion Agency, total bilateral trade between ...

Hundreds of workers strike at Bavet bicycle factory

About 1,000 workers at a bicycle factory in the Tai Seng Special Economic Zone went on strike Wednesday for a second day, sources said. The sources said the striking workers at Smart Tech (Cambodia) Co Ltd threw rocks at factory windows and threatened to continue ...

UK to increase trade with Cambodia

British ambassadors and high commissioners from the ASEAN region convened last week in Singapore; among the range of topics discussed was the increase of the UK’s economic involvement in the region. According to Mark Gooding, British Ambassador to Cambodia, UK trade with Cambodia has been increasing ...

Global insurers expanding in Southeast Asia turn to Cambodia

Two global life insurers are opening offices in Cambodia, one of Southeast Asia’s few untapped insurance markets, as they strengthen their foothold in a region that could eventually be a key driver of revenue growth. Britain’s No. 1 insurer Prudential said on Monday it won in-principle ...

Cambodia Home to Frenchman in Bo Xilai Drama

PHNOM PENH, Cambodia — Throughout the drama this spring revolving around the dismissal of the ambitious Chinese official Bo Xilai and the investigation of his wife as a murder suspect, the most mysterious figure has been a French architect named Patrick Henri Devillers. When Mr. Bo ...

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