News

PAS recieves 200 container lifeline

Garment factories in the Kingdom have been handed a lifeline as nearly 200 containers arrived at Sihanoukville Autonomous Port (PAS) on Monday to ease the shortage of raw materials in the sector. ...

Thou Vireak
https://www.phnompenhpost.com/business/pas-recieves-200-container-lifeline

GMAC: Raw materials from China not enough to sustain factories

The Sihanoukville Autonomous Port revealed more than 200 containers of raw materials arrived from China yesterday, adding two more ships carrying raw materials are en route. The shipments are projected to fill the shortage in raw materials in the Kingdom that has paralysed production for ...

Sun Mesa
https://www.khmertimeskh.com/50700025/gmac-raw-materials-from-china-not-enough-to-sustain-factories

Jobs saved as factories obtain raw materials

The garment and footwear industries in the Kingdom have been given a new lease of life, thanks to the arrival of raw materials from China. ...

Thou Vireak
https://www.phnompenhpost.com/national/jobs-saved-factories-obtain-raw-materials

Chinese may prioritise Cambodia in meeting raw materials demand

A ranking Chinese Chamber of Commerce official has revealed to Khmer Times that China may prioritise supply Cambodia for its immediate raw materials need to allow the factories here to continue operating.   ...

Khmer Times Staff
http://khmertimeskh.com/50696721/chinese-may-prioritise-cambodia-in-meeting-raw-materials-demand

Factories file for suspension, 3,000 workers to be affected

At least 10 factories have filed for temporary suspension as the supply of raw materials from China dries up, the Ministry of Labour and Vocational Training said on Thursday. This could affect the livelihoods of as many as 3,000 workers. ...

Long Kimmarita
https://www.phnompenhpost.com/national/factories-file-suspension-3000-workers-be-affected

Asian garment industry to undergo further segmentation

The Asian garment manufacturing industry will undergo further segmentation in the next three to four years as competition becomes more intense, experts said. China, Thailand and Vietnam will mainly produce high-end clothing, while Bangladesh, Laos, Burma and Cambodia will mainly produce low-end clothing. Lu Qijian, ...

http://usa.chinadaily.com.cn/business/2013-07/15/content_16778408.htm

Cambodia unveils 1st home-made cars

Cambodia’s Heng Development Company on Monday unveiled the first-ever electric-powered cars manufactured by its factory in Kandal province. The show was made after the firm has completed the construction of a 20 million U.S. dollar car manufacturing plant branded ” Angkor” in Kandal province’s Takhmao district. Speaking ...

http://news.xinhuanet.com/english/world/2013-01/07/c_132085823.htm

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

ITC defends its use of funds, claiming silk weavers profiting

The International Trade Centre (ITC) yesterday rejected criticisms over the misuse of expenses and funds for a sector-wide Cambodian silk project, saying its approach was appropriate and well managed. Mao Thora, secretary of state for the Ministry of Commerce, publicly criticised the ITC during a seminar ...

http://www.phnompenhpost.com/2012122060382/Business/itc-defends-its-use-of-funds-claiming-silk-weavers-profiting.html

Construction Revival Behind Import Growth

A 22.8 percent increase in the value of imports to Cambodia this year is partly due to a high demand for construction materials, a Commerce Ministry official said yesterday. In the first 11 months of 2012, total trade in and out of Cambodia reached $12.31 billion, ...

http://www.cambodiadaily.com

Trade Reached $11.17B In First Ten Months

Total trade in Cambodia reached $11.17 billion from January through October, an 18.1 percent increase compared to the same period last year, according to data released yesterday by the Ministry of Commerce. Khon Savuth, chief of statistics at the ministry’s Camcontrol department said that the ...

http://www.cambodiadaily.com

Phnom Penh Port Cargo Up 15 Percent on Last Year

The amount of cargo entering Cambodia through the Phnom Penh Autonomous Port increased 14.92 percent over the first 10 months of the year compared to the same period in 2011, a port official said yesterday. “We are seeing that the major imports are construction equipment ...

http://www.cambodiadaily.com

Trade Deficit Up 34 Percent On Last Year

Cambodia’s trade deficit in the first half of the year grew 34.31 percent compared with the same period in 2011, reaching $1.36 billion, according to data released by the Ministry of Commerce. Though revenues earned from exports grew 12.13 percent to about $2.50 billion, a growing ...

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