News

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

Economic zone may go public

The Phnom Penh Special Economic Zone (PPSEZ) plans to raise money to fund an expansion through an initial public offering, a senior official from the Securities and Exchange Commission of Cambodia (SECC) said yesterday. If successful, PPSEZ could become one of the few companies to list on ...

May Kunmakara
http://www.phnompenhpost.com/business/economic-zone-may-go-public

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

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

Combi plans $1.5m factory for baby goods

CONSTRUCTION is progressing on a $1.5 million baby-products factory that will be among the largest in the Phnom Penh Special Economic Zone (PPSEZ). Combi (Cambodia), which owns the factory, announced the plans for its new facility in an online job listing yesterday. The five-hectare factory was scheduled ...

http://www.phnompenhpost.com/2013032164550/Business/combi-plans-1-5m-factory-for-baby-goods.html

Malaysian Maybank expands to outskirts

Malaysian-owned Maybank, one of the largest banks in Cambodia, opened its 12th national branch in Phnom Penh on Friday. The bank aims to reach emerging businesses in the city’s Special Economic Zone (PPSEZ) with the new office. ...

http://www.phnompenhpost.com

Job fair attracts a big crowd

Officials confirmed there were more than 20,000 participants at the job fair on Saturday organised by the National Employment Agency of the Ministry of Labour and Vocational Training, which was held in an effort to educate job seekers about current opportunities. Sokkhon David, acting director of information ...

http://www.phnompenhpost.com/index.php/2012110559560/Business/job-fair-attracts-a-big-crowd.html

Signs point to more diverse investment projects in Cambodia

The effects of the global financial crisis in 2008 and 2009 on the Cambodian economy showed how perilous having a narrow economic base can be. Since the Kingdom’s economy is dependent on a few “pillars”-garments, construction, tourism and agriculture-downturns in any of those sectors can ...

http://etmcambodia.com

CSX Slated to Start Trading by the End of 2011

While the Cambodia Securities Exchange (CSX) recently opened its doors for business, it’s not quite ready to actually do business. As it currently stands, there is no actual trade taking place, making it the smallest bourse in the world in terms of market capitalization. However, ...

http://www.etmcambodia.com/

Vietnamese Company Breaks Ground on Plant

A Vietnam Electrical Equipment Corporation subsidiary has broken ground on a new factory to be built in the Phnom Penh Special Economic Zone (PPSEZ). THIBIDI is building a $1.5 million factory in order to manufacture transformers and will employ approximately 150 people. The plant is ...

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