PPSP’s profits decline in Q4 last year, but rise on annual basis
The consolidated net profits after tax of the Royal Group Phnom Penh Special Economic Zone (PPSP) of the conglomerate Royal Group of Companies have decreased 95.21 percent to about $0.18 million in the last quarter of 2022 compared to over $3.82 million in the same ...
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 ...
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 ...
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 ...
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. ...
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 ...
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. ...
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. ...
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. ...
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). ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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
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. ...