Logo of Phnom Penh Post newspaper Phnom Penh Post - Government approves two new garment factory investments

Government approves two new garment factory investments

Workers at the Kin Tai garment for Armani jeans on the outskirts of Phnom Penh in late 2015.
Workers at the Kin Tai garment for Armani jeans on the outskirts of Phnom Penh in late 2015. Kimberley McCosker

Government approves two new garment factory investments

The Council for the Development of Cambodia (CDC) has approved two more garment investment projects with a combined investment capital of $8.8 million, according to an announcement released today.

According to the CDC announcement on its Facebook page, Timbermet (Cambodia) will invest $2.34 million into a factory to be built in Por Sen Chey district’s Choam Chao commune. Once it is operational, it is expected to provide 854 jobs.

Panefort (Cambodia) Garment will invest $6.46 million into a factory to be built in the Kien Svay district of Kandal province which once operational will provide 2,050 jobs.

Since the CDC began publishing investment decisions on Facebook last month in a bid to increase transparency, the government body has approved seven garment and footwear related investment projects with a total investment capital valued at about $20 million.

CDC officials declined to comment on the new investment projects or to provide a timeline for when they would be completed.

MOST VIEWED

  • US names new ambassador to Cambodia

    US President Donald Trump on Friday appointed W Patrick Murphy as the new US Ambassador to Cambodia, replacing incumbent William A Heidt. A press release posted on the White House’s website said nominee W Patrick Murphy is currently acting principal deputy assistant secretary at

  • US to ramp up sanctions after ‘flawed’ national polls

    At a press conference on Wednesday, the US State Department announced that it would expand visa sanctions on the Cambodian officials and individuals it deems responsible for “undermining democracy” in Cambodia. At the briefing, spokesperson Heather Nauert reiterated that the department regarded the July 29 elections

  • Kingdom is at a crossroads between East, West after poll

    It was dubbed a success by caretaker prime minister Hun Sen after the electoral victory of his Cambodian People’s Party (CPP), which is poised to take all seats in the National Assembly. But the July 29 national election has not been positively looked at by

  • Final poll results confirm first single-party Assembly

    IN an unprecedented situation in Cambodian politics, the official results of the July 29 national elections have declared that the Cambodian People’s Party (CPP) will take all 125 seats in the National Assembly on the back of it receiving 76 per cent of the votes. The National