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
Health and women’s affairs get $64M grant
The German ambassador, Joachim Baron von Marschall, signed an agreement with the permanent Deputy Prime Minister Keat Chhon yesterday for €47 million ($64 million) in aid. The grant will be used for developing projects within the ministries of health, rural development and women’s affairs. ...
Amret MFI gets $10M loan to aid SME reach
Amret Microfinance received a $10 million boost yesterday by a loan from German development bank KfW, according to a joint statement from the finance institutions. Chea Phalarin, chief executive officer of Amret Microfinance Institution, said yesterday that the new loan – equal to nearly double its ...
Exports expand: HK the new market for organic rice
In a first for the Kingdom’s organic rice, the Cambodian Center for Study and Development in Agriculture (CEDAC), successfully exported its produce to Hong Kong earlier this month, the organisation’s top official confirmed yesterday. ...
Battambang Rice Investment gets international certification
Battambang Rice Investment Co Ltd says it has been certified as the first rice mill in Cambodia with Good Manufacturing Practices (GMP) and Hazard Analysis and Critical Control Points (HACCP). In a statement, the company said it received confirmation of GMP and HACCP certification in a ...
The Cambodia Herald News Staff
Funding boost for Cambodia’s hero mine-detecting rats NGO
The Belgian demining NGO APOPO, which is pioneering the use of mine-detecting rats in the former battlefields of Cambodia, has received funding from the German government to expand its mine-clearance work in the country. In November, the government gave the green light for APOPO to begin ...
China fuels Cambodia’s airline growth
The Centre for Asia Pacific Aviation says Cambodia’s aviation market grew briskly for the second consecutive year as national and foreign airlines added routes to China amid a surge in Chinese nationals visiting the country. The centre reported Cambodia has emerged as one of the fastest ...
Germany's finance firm lends 10 mln USD to Cambodian microfinance institution
German Investment and Development Corporation (DEG) on Thursday signed to lend 10 million U.S. dollars to a leading Cambodian microfinance institution Hattha Kaksekar. The loan deal was inked here between Herbert Jaeger, Vice President of DEG Representative Office in Bangkok, and Hout Ieng Tong, President and ...
Xinhuanet News Staff
Aid Pledges Continue Despite CNRP Calls for Delay
Germany has pledged $64 million in aid donations to Cambodia for this year and next, amounting to a “substantial increase” over the past two years of official German assistance to the country, the German Embassy announced on Wednesday. Germany’s new aid package, the majority of which—$54 ...
Audi to cruise into local market
German luxury car manufacturer Audi has expanded into Cambodia, joining the recent entry of higher-end automobile producers into a small but growing market. At a signing ceremony in Phnom Penh yesterday, Audi AG appointed Automotive Asia (Cambodia) Ltd as its official distributor in the country. The ...
US embassy surveillance site: report
The United States embassy in Phnom Penh contains an intelligence-gathering operation that amasses information about Cambodia, the Sydney Morning Herald reported yesterday, citing a map first published in Germany’s Der Spiegel. The Herald article referenced some 90 international surveillance sites, including ones housed in embassies in neighbouring Jakarta, Yangon, Bangkok and ...
Sales of large home appliances rise 20 pct
Cambodian consumer spending on major domestic appliances such as air conditioners, refrigerators, washing machines and microwave ovens, saw a roughly 22 per cent year-on-year increase over the first six months of 2013, according to Germany-based research institute GfK. The rise comes alongside a 20 per cent ...
Kampot’s famous pepper goes global
When Him Anna started to plant pepper crops seven years ago, she would have never thought that one day it would turn into a profitable business. Today, Anna is the chief executive officer of Bright Starling Holdings Co, which owns Starling Farm Kampot Pepper. Established ...
Museum for money planned
In January, officials broke ground on the new $4 million headquarters for the Cambodia Securities Exchange. Situated along a northern stretch of Freedom Park, a short skip from Wat Phnom, the French colonial-era building is a suitable home for the two-year-old bourse, which now operates ...
Cambodia organizes int'l industrial machinery, garment exhibition
The 3rd international industrial machinery and garment fair kicked off at Cambodian capital’s Diamond Island Exhibition Center on Thursday with the participation of about 240 exhibitors from 16 countries and regions. A variety of industrial machinery for the production of textile and garment, footwear, plastics ...
EuroCham Holds First Annual General Meeting
The European Chamber of Commerce (EuroCham) held its first annual general meeting Thursday at the Sofitel Hotel in Phnom Penh where a board of directors was elected and the French and German chambers merged with EuroCham in order to reinforce the interests of European companies ...
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 ...
Cambodia scores high marks for renewable energy
Cambodia’s share of modern biomass in total energy consumption is among the highest in the world, according to a report released Tuesday by the World Bank and the International Energy Agency. The report also found that growth in Cambodia’s dependence on renewable energy excluding traditional biomass ...
Koh Kong cashes in on conservation
Koh Kong province’s mangrove forests have changed from being a source of charcoal to serving tourists who help to protect their biodiversity. The forests have now become a popular destination for Cambodian tourists. Yem Yan, Peam Krasorb commune chief in Koh Kong, said gradually visitors ...
Work Begins on Controversial Cambodian Dam
As work begins on Cambodia’s biggest dam, those advocating against its construction have warned that the region’s rush for hydropower will have a disastrous effect on millions of people who rely on the Mekong River to survive. Last month, workers began preparing an area in northeastern ...