DAILY CAMBODIA ECONOMIC UPDATED

Date: January 04, 2017
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I. TRADE & COMMERCE

  • Garment workers strike after leader fired for founding union

More than 100 Sinosky Hejun Garment Co Ltd workers went on strike for four hours yesterday to request that the company allow their leader to come back to work after he was fired last month for creating a union. (The Phnom Penh Post)

  • Export licenses for Vietnam

The Ministry of Commerce is calling for producers and exporters who have been dealing in dried tobacco leaves and milled rice to apply for licenses to export to Vietnam. Vietnam agreed to waive all duties on 300,000 tons of rice and 3,000 tons of dried tobacco imports annually from Cambodia in October last year. Cambodia has also received a preferential zero tariff on 39 products from Vietnam for this year under the Bilateral Trade Enhancement Arrangement between Cambodia and Vietnam, the ministry said. (Khmer Times)

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I. TOURISM

  • 900,000 Chinese tourists in 2016

“In 2016, 900,000 Chinese tourists visited Cambodia and this was a 20 percent increase compared with 2015 and the kingdom is on track by 2020 to host about seven million foreign tourists, with two million of them coming from mainland China. Last year, we recorded five million international tourist arrivals and Chinese nationals were ranked second [after arrivals from Europe and other Western nations],” said Tourism Minister Thong Khon. (Khmer Times)

  • Stealth towers deliver mobile coverage to Angkor Wat

Tourists visiting the Angkor Archaeological Park near Siem Reap are able to use their mobile phones for the first time following the construction of six mobile network towers in a pilot project that aims to expand mobile network coverage within the park. “The six towers were placed in crowded tourist areas where there used to be connection shortages and will now provide better network access to visitors while minimising the impact on the environment,” Rath Sok, a spokesman for Camtowerlink Communications said yesterday. (The Phnom Penh Post)

III. REAL ESTATE

  • Mega construction supply center

A Chinese company will spend roughly $60 million to build a construction supply center on the outskirts of Phnom Penh after finalizing a land leasing agreement with the Phnom Penh Autonomous Port (PPAP) on Friday. Yunnan Sengmao Investment will build the aptly named Construction Material Supplies Center on 9.3 hectares of land in Russey Keo district. It will supply imported construction materials from around the world to help fulfill the rising demand of Cambodia’s construction sector. (Khmer Times)

  • CDC warns construction companies

Investment companies were warned on Monday by the Council for Development of Cambodia (CDC) that they must apply for construction permits before starting work. Specifically, the appeal was to companies that had projects which were approved by the government under the “Single Window Service” program. (Khmer Times)

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IV. AGRICULTURE

  • First Large-Scale Marine Fish Farm in Works

A proposal for the country’s first large-scale marine fish farm that would raise grouper, sea bass and other valuable dinner-table species has been sent to the Council of Development for Cambodia for approval, officials confirmed on Tuesday. The council is expected to consult with Sihanoukville authorities on whether there would be effects on local fisheries or the marine environment before making a final decision, said Hav Viseth, director of the Agriculture Ministry’s department of aquaculture. (The Cambodia Daily)

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