News
Cambodia greenlights manufacturing investments exceeding $50 million
New garment manufacturing investments are being drawn to Cambodia, as confirmed by the Cambodia Investment Board (CIB), a division of the Council for the Development of Cambodia (CDC). ...
Khmer Times Staff
https://www.khmertimeskh.com/501324486/cambodia-greenlights-manufacturing-investments-exceeding-50-million/
China’s slow economy puts a strain on Cambodian exports
Cambodia’s export volume to China has been slipping since May, but economists feel it might not waylay Cambodia’s economic growth much ...
Sangeetha Amarthalingam
https://kiripost.com/stories/chinas-slow-economy-puts-a-strain-on-cambodian-exports
Garment sector minimum wage to Rise to $200 a month in 2023
The minimum wage for workers in Cambodia’s billion-dollar garment sector will rise to $200 a month next year, a $6 raise that unions said was insufficient while employers raised concerns about profits and regional competitiveness. ...
Khuon Narim and Matt Surrusco
https://cambojanews.com/garment-sector-minimum-wage-to-rise-to-200-a-month-in-2023/
Garment exports fall, factories hit by virus
Exports in garment sector dropped more than 5 percent to around $3.78 billion in the first half of the year, according to a spokesman of the Ministry of Labour and Vocational Training. ...
Sok Chan
http://khmertimeskh.com/50743103/garment-exports-fall-factories-hit-by-virus/
Minimum wage talks to begin in July
Labour Minister Ith Sam Heng announced yesterday that this year’s round of garment sector minimum wage negotiations would begin in July, with unionists cautiously optimistic that next year’s national elections could benefit their cause despite calls from Sam Heng not to “politicise” the process. ...
Soth Koemsoeun and Martin de Bourmont
http://www.phnompenhpost.com/national/minimum-wage-talks-begin-july
Questions raised over garment statistics
While Cambodia’s garment sector exhibited solid growth last year, employment levels declined, raising concerns about a potential rise in unregulated subcontracting, the International Labour Organization (ILO) said in a report released yesterday. ...
Kali Kotoski
http://www.phnompenhpost.com/business/questions-raised-over-garment-statistics
Labour minister praises robust garment sector growth
Cambodia’s minister of labour applauded the strong growth and employment levels for the garment and footwear sector yesterday, though industry representatives noted a slight slowdown due to increased competition from regional players. ...
Hor Kimsay
http://www.phnompenhpost.com/business/labour-minister-praises-robust-garment-sector-growth
Fear keeps workers at home
When the garment factory that employs her opened its doors yesterday for the first time since Sunday’s election, Chan Neoun was about 130 kilometres away, at home in Svay Rieng province. Intense rioting and a military crackdown were just some of the rumours flying around ...
http://www.phnompenhpost.com/business/fear-keeps-workers-home
Timing of stats questioned
For the first time in recent memory, the Ministry of Economy and Finance has released growth projections for the first half of the year, and the numbers are good. The ministry’s preliminary data claims that from January through June, economic growth stood at 7.6 per ...
http://www.phnompenhpost.com/business/timing-stats-questioned
Bandith appeals while on the lam
Former Bavet town governor Chhouk Bandith has appealed — from hiding — his conviction for shooting three women at a protest earlier last year, his lawyer said. His attorney, Sun Bunnarith, said that he had filed the appeal about two weeks ago, and that Bandith’s ...
http://www.phnompenhpost.com/national/bandith-appeals-while-lam
Cambodia very lucrative for investors
Economic diversification is attracting substantial sums of FDI from China and beyond. Rich in history and culture and blessed with wonderful natural and human resources that are driving its impressive economic growth and attracting record sums of foreign direct investment (FDI), the Kingdom of Cambodia offers ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZTk3NDYwNTAyZjc
Cambodia, next powerhouse for Asean investors
The success Qatar’s Ooredoo had with being issued a mobile phone licence in Myanmar is an encouraging development for Middle East investors who are looking into the possibility of entering a venture or opening a business in Southeast Asia. Let’s take a look at Cambodia. ...
http://www.gulf-times.com/business/191/details/359376/cambodia,-next-powerhouse-for-asean-investors
Tax revenues rise, but aren’t reflective of overall GDP growth
While the country’s tax revenue grew about 20 per cent in the first half of this year compared to the same period in 2012, experts say the amount still isn’t high enough to accurately reflect the country’s GDP growth. Stephen Higgins, former CEO of ANZ ...
http://www.phnompenhpost.com/business/tax-revenues-rise-aren%E2%80%99t-reflective-overall-gdp-growth
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/
Map connects factories and buyers
In light of ongoing disputes over working conditions in the garment sector, the Cambodian Centre for Human Rights (CCHR) released yesterday details on hundreds of factories it believes will offer greater transparency along the garment supply chain – from producers to buyers – and shine ...
http://www.phnompenhpost.com/2013070166578/Business/map-connects-factories-and-buyers.html
Municipal officials given a larger hand in labour disputes
Continuing its efforts to quell an increasing number of strikes in the Kingdom’s lucrative garment sector, the government this week issued a directive aimed at giving provincial and municipal governors powers to resolve issues at factories without calling on ministries in Phnom Penh. “To ensure further ...
Bandith trial ends with prosecutor accusing two
The final day of former Bavet town governor Chhouk Bandith’s trial on Friday saw heated argument between lawyers and witnesses over who was responsible for shootings that injured three garment factory workers at a demonstration last year. More than 20 witnesses testified during the three days ...
Work-related deaths, injuries rose in 2012
The number of officially recorded workplace deaths in Cambodia increased by more than 25 per cent from 2011 to 2012, while the vast majority of those injured at work were women, National Social Security Fund figures released yesterday reveal. A total of 59 people were reported ...
http://www.phnompenhpost.com/2013061466277/National/work-related-deaths-injuries-rose-in-2012.html
Bank to join growing group from Taiwan
Taiwan-based Shanghai Commercial & Savings Bank Ltd plans to open a representative office in Cambodia, joining an increasing number of Taiwanese banks and garment industry investors in the Kingdom. Shanghai Commercial & Savings would enter a crowded sector, behind other Taiwanese-based financial intuitions [sic]. Hua ...
http://www.phnompenhpost.com/2013061366235/Business/bank-to-join-growing-group-from-taiwan.html
Corruption worse than in Bangladesh: NGO
In a country where corruption is as rife as it is in Cambodia, global brands must work with governments to ensure garment factories are safe and working conditions legal, international NGO Transparency International (TI) said yesterday. In Cambodia, where two workers were killed when a ceiling ...
http://www.phnompenhpost.com/2013061266221/National/corruption-worse-than-in-bangladesh-ngo.html
Robust Recovery Continues
Cambodia’s economy is on track to maintain its robust recovery thanks to a cocktail of private sector and government efforts. In 2012, the Asian Development Bank estimated that gross domestic product grew at a rate of 7.2 per cent, an increase from a 2011 International ...
http://www.phnompenhpost.com/2013061066160/Business/robust-recovery-continues.html
Factory Workers Demand Release of Eight After Protest
About 1,000 garment workers on Wednesday demonstrated outside Kompong Speu Provincial Court calling for the release of eight people arrested during a protest this week over wages at a factory supplying U.S. brand Nike, a union official said. Fighting between the workers on Monday displayed ...
http://www.cambodiadaily.com/news/factory-workers-demand-release-of-eight-held-after-protest-29318/
Duty-Free Agreements Worry Minister
Duty-free agreements between regional competitors and foreign importers would put the Cambodian garment industry at risk, Commerce Minister Cham Prasidh said last week. Speaking to reporters after a meeting, Prasidh warned that the Kingdom’s garment sector would not be able to maintain its competitive edge over ...
http://www.phnompenhpost.com/2013060366010/Business/duty-free-agreements-worry-minister.html
ILO to name unsafe Cambodia garment factories
The ILO is preparing to name Cambodian garment factories failing to comply with local safety requirements. The International Labour Organisation says Cambodian garment factories refusing to comply with safety requirements have one last chance before they are named and shamed. Jill Tucker, chief technical advisor for ...