Garment Exports Rise to More Than $5 Billion
By | December 27, 2013

Garment exports increased 22 percent to about $5.07 billion during the first 11 months of the year compared to the same period in 2012, according to figures released yesterday by the Ministry of Commerce’s Camcontrol department.

The figures show that an increase in demand from the U.S. and the European Union (E.U.) has driven up garment exports from the country.

Neou Seiha, an independent economic analyst, credited the growth to the improvement of the U.S. and E.U. economies.

“the market situation of the E.U. and the U.S. is not really bad,” he said.

Van Sou Ieng, chairman of the garment Manufacturers Association in Cambodia, said that the rising price of goods in China has forced buyers to look to other Asian countries, bolstering garment exports from Cambodia.

“The price of goods in China increases, while our Khmer workers have worked for more than five years and have experience in producing good products,” he said, adding that the garment industry is to expand by more than 25 percent this year.

“The buyers trust our industry because we have good job conditions reviewed by the [international Labor organization],” he said.

But Mr. Sou Ieng said garment exports to the U.S. have decreased slightly because of uncertainty around economic growth, while garment exports to the E.U. have been on the rise.

“Our exports to the U.S. have decreased from 60 percent to 50 percent. Garment exports to the E.U. rose from 30 percent to approximately 49 percent,” he said, adding that the current strikes seeking a higher minimum wage in the sector could spoil the growth.

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It’s dinnertime at My Furry Place. Dogs of all shapes and sizes follow the whiff of brown rice and beef liver into the kitchen of Elma Placido, the owner of this pet sitting business in Phnom Penh. In an adjacent room, about eight cats are perched on any bit of furniture they can find.

One man was killed and two were seriously injured in Kandal province on Tuesday night after a fight broke out during a Khmer New Year party at a local pagoda, police and local officials said.

Along Phnom Penh’s industry-heavy Veng Sreng Street on Wednesday, garment factories lay idle in observance of Khmer New Year. The dorms around them were empty, save for the few workers who could not afford the bus ticket home for the holiday, which ended Wednesday.

Thirty-nine years after the Khmer Rouge took power on April 17, 1975, tribute is being paid afresh to survivors and victims of the regime with a new series of exhibitions planned at Phnom Penh’s Tuol Sleng Genocide Museum, a former Khmer Rouge prison.

Security guards at the center of a yearlong land dispute between families in Phnom Penh’s Boeng Kak community and the Khun Sear Import Export Company on Wednesday accused the families of attacking them during a late-night Khmer New Year drinking party.

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