News

W&D garment factory records $1M loss since workers began protesting

The W&D garment factory in the capital’s Meanchey district has reported a loss of more than $1 million since its workers started their protests in December. The factory owner said it has also lost up to three major buyers out of its 10 overseas ones ...

Long Kimmarita
https://www.phnompenhpost.com/national/wd-garment-factory-records-1m-loss-workers-began-protesting

Factories ‘don’t need to move’

The owners of existing factories, warehouses and other businesses in the capital that rely on large lorries to move their products will not have to relocate to the outskirts of the city. The decision came after the Phnom Penh Municipal Hall and the Garment Manufacturers ...

Long Kimmarita
https://www.phnompenhpost.com/national/factories-dont-need-move

Trade war may boost Kingdom’s US exports

Exports of travel goods from the Kingdom are set to gain from the ongoing US-China trade war as US lobbyists for the Garment Manufacturers Association of Cambodia (GMAC) claim that President Donald Trump plans to raise duties on such China-made products from 10 to 25 ...

Hor Kimsay
https://www.phnompenhpost.com/business/trade-war-may-boost-kingdoms-us-exports

Despite election uncertainty, exports achieve solid growth

Exports of garment and footwear products achieved solid growth during the first half of the year, expanding by 9.3 percent. According to the Ministry of Commerce, exports from the country’s garment industry were valued at $3.7 billion during the first six months of the year. ...

May Kunmakara
https://www.khmertimeskh.com/50517748/despite-election-uncertainty-exports-achieve-solid-growth/

Garment wage vote set for tomorrow

Representatives for garment sector employers and employees will vote on Wednesday for their respective final proposals for the new minimum wage next year.​ Two weeks ago, members of the tripartite minimum wage negotiations began a series of meetings to discuss their various salary proposals. The Garment Manufacturers ...

Mom Kunthear
http://www.khmertimeskh.com/news/30213/garment-wage-vote-set-for-tomorrow/

Unions tout ‘living wage’ ahead of minimum wage talks

Unions meeting on Friday arrived at an estimated cost-of-living salary for garment workers ahead of minimum wage talks, one remarkably similar to the monthly wage they’ve demanded two years running, though suggested the final number they push for will be higher. ...

Sen David and Erin Handley
http://www.phnompenhpost.com/national/unions-tout-living-wage-ahead-minimum-wage-talks

Cambodia asks UK for FTA

Cambodia’s Commerce Minister Pan Sorasak told British Ambassador Bill Longhurst he would like to see the two countries enter into a free trade agreement (FTA) as soon as possible following Britain’s decision to leave the European Union (EU). ...

Sok Chan
http://www.khmertimeskh.com/news/27684/cambodia-asks-uk-for-fta/

Nearly 90% of garment factory jobs at risk of automation: ILO

Local industry experts responded yesterday to a new report that warns the majority of Cambodia’s garment sector workers could lose their jobs in the coming two decades as automation and innovative technologies replace low-skilled labour and allow multinational producers to move their operations closer to ...

Hor Kimsay and Cheng Sokhorng
http://www.phnompenhpost.com/business/nearly-90-garment-factory-jobs-risk-automation-ilo

Export credit insurance taking off

Export credit insurance is still taking off in Cambodia, but more companies are beginning to take advantage of it, a senior executive from Forte Insurance Company said yesterday.​ ...

Sok Chan
http://www.khmertimeskh.com/news/23690/export-credit-insurance-taking-off/

Union law sees major amendments, still lacks blessing of workers

As a result of the meeting with the specialist commissions, Minister of Labor Ith Samheng said that nearly 50 percent of the comments given by union leaders, business owners, development partners and the government were used to make changes in the draft union law yesterday. ...

Taing Vida
http://www.khmertimeskh.com/news/22634/union-law-sees-major-amendments--still-lacks-blessing-of-workers/

Controversial union law set for final review

The head of the National Assembly’s legislation commission said he hoped to have a controversial draft union law passed “very soon” after the latest round of feedback from unions and employers during a public workshop at Parliament on Wednesday. ...

Zsombor Peter and Khuon Narim
https://www.cambodiadaily.com/news/controversial-union-law-set-for-final-review-109689/

Exports to US rise over 9 percent last year

With the American economy expanding, Cambodia’s total export to the country increased  slightly more than 9 per cent last year over 2014, the latest US trade data shows. ...

May Kunmakara
http://www.khmertimeskh.com/news/21104/exports-to-us-rise-over-9-percent-last-year/

Footwear kicks in as factory exports surge 17 percent

The total value of exports from the garment, footwear and other factories rose 17 percent year on year to $7.1 billion last year, according to a report from Ministry of Industry and Handicraft released yesterday.   ...

Sok Chan
http://www.khmertimeskh.com/news/20849/footwear-kicks-in-as-factory-exports-surge-17-percent/

Garment factories vote to freeze minimum wage

A majority of members of the Garment Manufacturers Association in Cambodia, which represents the country’s more than 500 exporting garment factories, have voted against any raise to their workers’ minimum wage next year. ...

Zsombor Peter
https://www.cambodiadaily.com/news/garment-factories-vote-to-freeze-minimum-wage-91436/

Shipping deals turn the tide for Cambodian economy

New shipping agreements will soon be signed between companies in Cambodia and China that will see the Kingdom’s largest port continue its transformation into a regional hub, port officials say. ...

Jack Laurenson
http://www.khmertimeskh.com/news/13852/shipping-deals-turn-the-tide-for-cambodian-economy/

Cambodia sees rise in trade with U.S.

Bilateral trade between Cambodia and the United States was valued at 3.17 billion U.S. dollars in 2014, a 5 percent rise from 3.01 billion U.S. dollars in 2013, the figures of the U.S. Department of Commerce showed Friday. ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2015-02/06/c_133975310.htm

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