PHNOM PENH (Xinhua) -- Garment and footwear industry, Cambodia's largest INCOME
earner, reported a 12.6 percent rise in exports in the first seven months of 2014, according to the data of the Ministry of Commerce on Thursday.
earner, reported a 12.6 percent rise in exports in the first seven months of 2014, according to the data of the Ministry of Commerce on Thursday.
The country exported apparel and footwear products worth 3.47 billion U.S. dollars during the January-July period this year, up 12.6 percent from 3.08 billion U.S. dollars over the same period last year, the data said.
Products are mainly exported to European countries and the United States.
Ken Loo, secretary general of the Garment Manufacturers Association in Cambodia (GMAC), said, "The growth in the garment and footwear sector is still low because some international buyers have reduced their PURCHASE ORDERS following wage protests earlier this year."
following wage protests earlier this year."
The sector comprises 960 factories with some 620,000 workers, according to the Ministry of Labor. It earned 5.5 billion U.S. dollars from exports last year, ACCOUNTING for about 80 percent of the country's total exports.
for about 80 percent of the country's total exports.
Last week, trade union activists launched a campaign to demand a 177 U.S. dollars monthly minimum wage in the garment and footwear sector from the current 100 U.S. dollars.
Labor Minister Ith Samheng said factory EMPLOYERS could not afford to raise the minimum wage for the workers to the highest point in one time, and urged unionists to avoid any demand that was unacceptable.
could not afford to raise the minimum wage for the workers to the highest point in one time, and urged unionists to avoid any demand that was unacceptable.
- See more at: http://thecambodiaherald.com/cambodia/detail/1?page=13&token=YzNlNWExMzcyOTh#sthash.e6owzBeb.dpuf
2 comments:
to the hard working ladies and gentlemen , save all the money that you earn and don't waste it on useless stuff such make-up or smart phone [ when a regular will do ]
here is why and for those who are interested in the state of the global economy
[In every single area of the world there are problems. Japan alone has enough debt and deficits that that when it implodes it should create a worldwide depression. And China, the former growth engine of the world, is struggling....n Europe, only one major economy, which is Germany, has kept the eurozone alive. But German growth has now come to a halt...Spain, Italy, Greece, and Portugal will not survive in their present construct. And in spite of that these countries can borrow money at ridiculously low rates, as if there was no risk at all....n the U.K. we have seen a slight improvement but it’s all debt and deficit based so it’s not sustainable. And France will be the economy that tips Europe over the precipice. Both politically and economically France is now on the brink. Hollande is disliked by 86 percent of the people. And French workers will not accept austerity. We recently saw French farmers setting fire to a French tax office. Add to that a European banking system which is massively leveraged and full of debt and a great deal of that debt will never be repaid. So in my view the European banking system will not survive. ...And the U.S. is like the U.K in the sense that wealthy investors are prospering based on government spending and money printing. But ordinary people are just becoming more indebted. And the U.S. debt is still going up by $1 trillion each year. Soon the U.S. debt will increase by tens of trillions each year.]
from another article
[From J.P. Morgan to Jamie Dimon
The inside story of how banks and bankers control our politics.
For the last 100 years, their leaders have collaborated with willing Presidents to run America. Given current global financial complexity, the Big Six chairmen have more economic control than Presidents, governments or central banks. We don’t elect them, but we do keep our money with them. We shoulder the cost of the risks they take...With so much power in the hands of an elite few, America operates more as a plutocracy on behalf of the upper caste than a democracy or a republic. Voters are caught in the crossfire of two political parties vying to run Washington in a manner that benefits the banking caste, regardless of whether a Democrat or Republican is sitting in the Oval. Meanwhile, American inequality is reaching pre-1929 heights...]
not just in the US , bankers in all western countries and even australia control the government of their state.
links
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/25_Global_Market_Collapse_%26_Wealth_Destruction_Is_Now_Upon_Us.html
http://www.nydailynews.com/opinion/p-morgan-jamie-dimon-article-1.1752593
You folks should peek across the border and learn from the Vietnamese garment workers. They hardly strike, but work hard and smart. They jump factories every year after Tet holiday. So, they have different skills and are more versatile. As the result, most garment workers in Vietnam are being paid above the $90-$125 USD minimum wage. They are being paid on the average for $150.
International business love to come to Vietnam because Vietnam garment factories are only 10-30 Km away from the port. (In Phnom Penh, the garment factories are more than 150 Km from Sihanoukville port. Or 100 Km from Vietnam port.) Further more, Vietnam's roads are much better, smoother, wider and cost a lot less fuel for transport.
Cambodian garment workers are known for mass fainting, poor work ethnic and frequent violent strikes. As the result, few new International shops want to set up new garment factories in Cambodia. Just look at the statistics.
In the last couple years, Cambodian garment industry has been growing at a rapid rate at 30% annually while Vietnamese garment industry's rate was at 15%. That's understandable and as expected. Cambodian garment industry were much smaller, and has a lot of room for expansion over Vietnam.
Suddenly this year, Cambodian garment industry only grows at a rate 12% while Vietnamese garment industry surges up 20%. There are Vietnamese garment factories which run at full capacity and many more are being built, including a massive $400 million USD garment complex in North Vietnam.
This only means one thing. The International Community are fed up with the unruly Cambodian folks. They would be willing to pay the Vietnamese workers at higher wage but get a peace of mind and superior products as well as cheaper transportation cost. Best of all, they won't have ruined business orders because of delay from surprise strikes.
Wait till next year when TPP kicks in. Vietnamese garment industry will double at a large expense from Cambodian garment industry.
-Drgunzet-
P.S. Don't forget, Vietnam has a high-tech workforce of 150,00 workers who produces 21 billion US dollars worth of smartphones. Compare that to 600,000 Cambodian garment workers who could only produce 5.5 billion US dollars in garments.
As a result, some high-tech workers are making almost $500 a month. And you don't read any news about the strike at those high-tech plants. I don't see how Cambodia would ever get any high-tech industry going. Cambodia will only work at dirty, polluting and low pay industries while Vietnam will get more and more clean, high-tech, high paying industries.
You folks should learn from the Vietnamese.
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