News
Business a priority: Hun Many
Ruling Cambodian People’s Party (CPP) lawmaker Hun Many reassured investors yesterday, saying the government was focusing on ensuring a good investment climate in the country underpinned by social stability. ...
May Kunmakara
http://www.khmertimeskh.com/5087901/business-priority-hun-many/
PM announces boost to maternity leave salaries
Prime Minister Hun Sen again met with garment sector workers yesterday, adding a boost to maternity leave salaries to a range of promises he had made to them on Tuesday. ...
Khmer Times
http://www.khmertimeskh.com/5079681/pm-announces-boost-maternity-leave-salaries/
Profits sink in Q1 for capital industrial park
Listed industrial park operator Phnom Penh SEZ reported revenue of $1.46 million for the first quarter of 2017, a decline of $1.72 million, or nearly 54 percent, compared with the same period last year, according to a filing yesterday on the Cambodia Securities Exchange. ...
The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/profits-sink-q1-capital-industrial-park
Garment training to boost local talent
The Garment Manufacturers Association in Cambodia (GMAC), which represents most of the country’s export-oriented garment factories, will establish a training institute with the aim of replacing more than 8,000 jobs in the garment industry held by foreign workers with a highly skilled local workforce. ...
Igor Kossov
http://www.khmertimeskh.com/news/12940/garment-training-to-boost-local-talent/
PPSEZ to get clinic
A private clinic aiming to provide medical care to factory workers in the Phnom Penh Special Economic Zone (SEZ) will open this month, the health centre’s managing director said yesterday. ...
Amelia Woodside
http://www.phnompenhpost.com/national/ppsez-get-clinic
Made here, owned there
At the end of a well-paved road just past the city’s airport sits a cluster of factories. Each one is barely discernible from the next – grey concrete walls and blue aluminium roofs. But one factory in the lot, MAG (Cambodia), is different. In a country ...
Daniel de Carteret
http://www.phnompenhpost.com/business/made-here-owned-there
Tours aimed at attracting workers
As cooks prepped for lunch yesterday at an outdoor cafeteria for workers employed by the Japanese-owned Taica factory, more than a dozen commune-level officials inspected the premises. Seemingly satisfied with the dining operation, they moved into a recreational room with a large, flat-screen television. Taica ...
Daniel de Carteret
http://www.phnompenhpost.com/business/tours-aimed-attracting-workers
Vinamilk deal to go ahead
Vietnam Dairy Product Joint-Stock Co, better-known to milk lovers as Vinamilk, was granted a licence on Monday to open a $23 million processing facility in Phnom Penh’s Special Economic Zone. A statement to the Ho Chi Minh Stock Exchange released by the dairy giant on Monday ...
Eddie Morton
http://www.phnompenhpost.com/business/vinamilk-deal-go-ahead
Hotel with foreigners in mind set for PPSEZ
A hotel catering to foreign investors and expatriate employees is being built inside the Phnom Penh Special Economic Zone (PPSEZ), management confirmed yesterday. The project will be constructed through a joint venture between PPSEZ and the Tokyo Stock Exchange-listed Tama Home. ...
Daniel de Carteret
http://www.phnompenhpost.com/business/hotel-foreigners-mind-set-ppsez
Cambodia’s GMAC says factory closures continue due to ongoing strikes
The Garment Manufacturers Association in Cambodia (GMAC) said Thursday most of its 559 factories would continue to be closed due to security concerns after six pro-opposition trade unions led striking workers to destroy factories’ properties and forced workers to join their protests. “Because of the current ...
NZ Week News Staff
http://www.nzweek.com/world/cambodias-gmac-says-factory-closures-continue-due-to-ongoing-strikes-107149/
Cambodian labor minister holds urgent talk with pro-opposition trade unions over strikes
Cambodian Minister of Labor Ith Samheng on Friday afternoon held an urgent talk with the representatives of six pro-opposition trade unions after they have led tens of thousands of workers off work in protest against low wage increase for 2014. As the meeting was going on, ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-12/27/c_133002053.htm
UN rights expert calls for calm amid growing demonstrations in Cambodia
The United Nations Special Rapporteur on the situation of human rights in Cambodia, Surya P. Subedi, on Friday reiterated his call for calm and restraint as demonstrations are now taking place daily in Phnom Penh. “Demonstrations such as those of recent days and weeks are a ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-12/27/c_133002304.htm
Cambodia Police, Garment Workers Clash Amid Strike
Police clashed Friday with a group of striking garment workers on the outskirts of Cambodia’s capital, leaving about 20 people injured, police and workers said. The incident occurred when thousands of striking workers-marching from a province bordering the capital-tried to get into the Phnom Penh Special ...
Sun Narin and Chun Han Wong
http://online.wsj.com/news/articles/SB10001424052702303799404579283802423278442
PPSEZ signs MoU with Tokyo bank
Tokyo-based Sumitomo Mitsui Banking Corporation (SMBC) has signed a memorandum of understanding with the Phnom Penh Special Economic Zone (PPSEZ) to help support Japanese investment in Cambodia. The MoU was signed by SMBC President and CEO Takeshi Kunibe and PPSEZ Chairwoman Lim Chhiv Ho earlier this ...
May Kunmakara
http://www.phnompenhpost.com/business/ppsez-signs-mou-tokyo-bank
Japan auto parts firm seeks plant in PPSEZ
Auto parts manufacturer Denso Cambodia, which has rented space in the Phnom Penh Special Economic Zone (PPSEZ) since July, will expand operations by building its own factory, according to a company representative. Administrative manager Seng Chanthy said yesterday that the factory will cover 10 hectares and ...
Hor Kimsay
http://www.phnompenhpost.com/business/japan-auto-parts-firm-seeks-plant-ppsez
Gem event promises to sparkle
Officials are predicting an increase in visitors and a glitzy showcase when the 5th Cambodia Gems and Jewelry Fair opens this Thursday in Phnom Penh. Set in the Diamond Island Convention and Exhibition Centre, the four-day event is drawing buyers and traders to Phnom Penh amid ...
http://www.phnompenhpost.com/2013061066161/Business/gem-event-promises-to-sparkle.html
$1.3m SEZ Japanese Restaurant Opens Doors
In a $1.3 million investment, a new Japanese restaurant opened in the Phnom Penh Special Economic Zone (PPSEZ) last week amid the large presence of Japanese companies in the area. The 1,000-square-metre Tokyo Restaurant looks to “help to [showcase] the culture of Japanese food, and provide ...
http://www.phnompenhpost.com/2013060366009/Business/1-3m-sez-japanese-restaurant-opens-doors.html
Packaged MSG imports plummet
Cambodian imports of packaged monosodium glutamate (MSG) totalled just 2,086 tonnes last year, the lowest amount since 2002, according to import figures from the customs department of the Ministry of Economy and Finance. The import figures showed that from 2002 to 2010, Cambodia had imported a ...
http://www.phnompenhpost.com/2013052165729/Business/packaged-msg-imports-plummet.html
Made in Cambodia: Foreign Industry Calls on Cambodia as the Next “Low-Cost” Alternative in All Things Manufacturing
About a decade ago, global manufacturing firms staged a mass exodus to Asia in search of low-cost alternatives to increasing domestic wage demands and operational costs. The consensus was the continued development of a regional supply chain that had formed in countries like Vietnam and Indonesia, ...
Cambodia’s first dairy plant
Cambodia’s first dairy factory is being planned for Phnom Penh, as one of the owners, a Vietnam-based dairy company, hopes to tap strong local demand for its products. The 2.7-hectare factory, in the Phnom Penh Special Economic Zone (PPSEZ), would produce condensed milk, yoghurt and UHT ...
http://www.phnompenhpost.com/2013042565223/Business/cambodia-s-first-dairy-plant.html
Hun Sen Reaches for Ambitious Income Target
Going by the World Bank’s method of grouping nation states by their wealth, Cambodia this year could become a lower-middle income country. Not satisfied, however, with this graduation—a feat in itself from Cambodia’s position of extreme poverty just two decades ago when gross domestic product (GDP) ...
http://www.cambodiadaily.com/business/hun-sen-reaches-for-ambitious-income-target-18766/
Betargo readies for the contruction of its 18,000t per annum feed mill in Cambodia
Betagro (Cambodia) readies for the construction of its new feed mill in Phnom Penh SEZ. The feed mill is to be constructed in the capital’s Special Economic Zone, located 12km from the city center. The company is investing USD$17.2 million in the new project. The plant construction ...
Tiffany to polish diamonds
Luxury jewellery brand Tiffany & Co is building a diamond-polishing factory in Phnom Penh, as the company, which has enjoyed increasing sales, seeks to ensure it can continue supplying the diamonds it needs. Construction began last month on the 1.2-hectare factory, along with a training centre, ...
http://www.phnompenhpost.com/2013041064983/Business/tiffany-to-polish-diamonds.html
Wary of China, Companies Head to Cambodia
Tiffany & Company is quietly building a diamond-polishing factory in Cambodia, a country popularly associated more with killing fields and land mines than baubles. Some of Japan’s biggest manufacturers are also rushing to set up operations in Phnom Penh to make wiring harnesses for cars and ...