News

Exports from SEZs soar 27% year-on-year

Cambodia’s exports through the special economic zones (SEZs) last year increased by about 27 per cent compared to 2018, Minister of Economy and Finance Aun Pornmoniroth said on Thursday. Speaking during a visit to the Phnom Penh Special Economic Zone (PPSEZ), Pornmoniroth said the total ...

Hin Pisei
https://www.phnompenhpost.com/business/exports-sezs-soar-27-year-year

Cambodia, Japan bilateral trade reaches $1B in first half

Bilateral trade between Cambodia and Japan reached more than $1 billion in the first half of this year, up 16 per cent year-on-year, according to data from the Japan External Trade Organisation (Jetro). Cambodia’s exports to Japan in the first half of this year grew ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-japan-bilateral-trade-reaches-1b-first-half

Leading Chinese textile maker starts to build huge factory in Cambodia

Shenzhou International Group Holdings, a leading Chinese clothing manufacturer, on Wednesday broke ground for the construction of a new 150-million-U.S.-dollar garment factory here after operating in the country for 14 years. Lt. Gen. Hun Manet, deputy commander-in-chief of the Royal Cambodian Armed Forces, and Chinese ...

Xinhua
http://www.xinhuanet.com/english/2019-03/06/c_137873415.htm

PPSP and PAS report strong performances

Phnom Penh Special Economic Zone (PPSP) and Sihanoukville Autonomous Port (PAS) – both public companies listed in Cambodia’s nascent stock market – reported solid growth during the first half of the year. ...

May Kunmakara
https://www.khmertimeskh.com/50522980/ppsp-and-pas-report-strong-performances/

Poipet SEZ signs first lease to Japan firm

Japanese firm Sumitronics signed a lease to become the first tenant at the Poipet Special Economic Zone, which was established as a subsidiary of the publicly listed Phnom Penh Special Economic Zone (PPSEZ) in 2014. The electronics firm leased a 1-hectare plot of land in ...

Robin Spiess
https://www.phnompenhpost.com/business/poipet-sez-signs-first-lease-japan-firm

Commuter train hopes for route expansion to SEZ

A commuter rail service that runs from Phnom Penh’s central district to beyond its airport has slowly gained traction since it launched three months ago, raising the possibility that it could be expanded to connect the capital’s biggest industrial park. ...

Kali Kotoski
http://www.phnompenhpost.com/business/commuter-train-hopes-route-expansion-sez

Training centre to help locals climb ladder at garment firms

The Garment Manufacturer Association of Cambodia (GMAC) will launch its new vocational training centre next month, providing courses aimed at upgrading the skills of Cambodian workers in a bid to replace the middle-management positions currently occupied predominantly by foreigners. ...

Hor Kimsay
http://www.phnompenhpost.com/business/training-centre-help-locals-climb-ladder-garment-firms

Electronics plant construction starts

SVI Cambodia, the local subsidiary, signed a 50-year lease in July 2015 and says it hopes the​ construction work will be complete by October.   ...

Sok Chan
http://www.khmertimeskh.com/news/36205/electronics-plant-construction-starts/

Railway links construction date set

The government has set March next year as the date for the ground-breaking ceremony for the building of the rail link to Phnom Penh International Airport and Phnom Penh Special Economic Zone (PPSEZ). ...

Chea Vannak
http://www.khmertimeskh.com/news/35106/railway-links-construction-date-set/

PM warns workers over protests

Prime Minister Hun Sen warned potential protesters during a speech in front of hundreds of garment workers yesterday, telling the crowd that while it was his duty to make sure investors came and stayed in the country, they had to stop protesting to keep the ...

Mom Kunthear
http://www.khmertimeskh.com/news/32956/pm-warns-workers-over-protests/

Minebea opens third plant

Minebea, the largest Japanese company in Cambodia, officially opened a third manufacturing plant in the Phnom Penh Special Economic Zone yesterday to coincide with the fifth anniversary of its presence in the country. Yoshihisa Kainuma, president and CEO of Mineba (Cambodia), told reporters at the ...

Sok Chan
http://www.khmertimeskh.com/news/32942/minebea-opens-third-plant/

Industrial rail project gathers steam with government push

Transport Minister Sun Chanthol has vowed to reinvigorate a long-dormant project to connect the Kingdom’s sole operating railway line to the capital’s biggest industrial park – a move that would boost rail traffic ahead of the completion of a rail link to northwestern Cambodia and ...

Kali Kotoski
http://www.phnompenhpost.com/business/industrial-rail-project-gathers-steam-government-push

Don’t increase garment workers’ rent, says pm

Prime Minister Hun Sen yesterday urged landlords not to indiscriminately increase the price of rent in light of the upcoming hike in the wages of garment workers next year. Speaking at the inauguration of the Coca-Cola factory in the Phnom Penh Special Economic Zone, the ...

Mom Kunthear
http://www.khmertimeskh.com/news/32799/don---t-increase--garment-workers-----rent--says-pm/

City to airport rail link

A railway linking Phnom Penh to its international airport is being planned, with passengers getting the chance to check in baggage and get boarding passes before they get on the train. The line would join the Phnom Penh to Preah Sihanouk track which runs past the ...

Chea Vannak
http://www.khmertimeskh.com/news/32780/city-to-airport-rail-link/

Coke’s new $100 million plant

Coca-Cola officially opened a new $100 million plant in Phnom Penh yesterday to expand its production capacity to meet increased demand for the Coke beverage in the Kingdom and Asean. The plant, situated on a 12.5-hectare land, in the Phnom Penh Special Economic Zone is able ...

Sok Chan
http://www.khmertimeskh.com/news/32783/coke---s-new--100-million-plant/

PPSEZ revenue drop due to land sales

The 50 percent drop in revenue of the Phnom Penh Special Economic Zone (PPSEZ) recently announced for the first nine months of the year is due mainly to a significant decline in land sales, a senior official said yesterday. According to the initial, un-audited revenue statement ...

May Kunmakara
http://www.khmertimeskh.com/news/32100/ppsez-revenue-drop-due-to-land-sales/

PPSEZ’s rethink after sharp profit fall

Phnom Penh Special Economic Zone (PPSEZ) ‒ a listed company on the Cambodia Securities Exchange (CSX) ‒ reveled on Friday that by 2020, 50 percent of the company’s revenue would be generated by sales of services. This new target was made after PPSEZ informed the ...

Chea Vannak
http://www.khmertimeskh.com/news/29024/ppsez---s-rethink-after-sharp-profit-fall/

Inside the corporate utopias where capitalism rules and Labor Laws don’t apply

Under Cambodian law, the right to organize is supposed to be ironclad. No employer, government agent or citizen may impede union activity. Inside the walls of Cambodia’s largest special economic zones (SEZs), however, In These Times’ reporters saw a system designed to tightly control the workforce by ...

Matt Kennard and Claire Provost
http://inthesetimes.com/features/special-economic-zones-corporate-utopia-capitalism.html

Industrial park to install solar energy system

Phnom Penh Special Economic Zone (PPSEZ) has signed an agreement with a Singaporean clean energy firm to install and operate a solar panel system inside the 357-hectare industrial park, the company said yesterday in a press release. ...

Post Staff
http://www.phnompenhpost.com/business/industrial-park-install-solar-energy-system

PPSEZ plans bookbuild for scaled-back IPO

Phnom Penh Special Economic Zone (PPSEZ), the private firm that operates Cambodia’s most developed industrial park, will hold a bookbuild for investors later this month for an initial public offering it hopes will raise up to $11.6 million for expansion and debt repayment, according to ...

Cam McGrath
http://www.phnompenhpost.com/business/ppsez-plans-bookbuild-scaled-back-ipo

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