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

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 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

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, ...

http://www.cambizreview.com

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

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