Cambodia garment manufacturer Pontus Footwear, which is a supplier to US apparel conglomerate VF Corporation, has reinstated the jobs of three garment workers who were previously dismissed for joining a union.
Cambodia generated over $1.36 billion last year from the export of footwear, gaiters and related products—a year-on-year (YoY) decline of 21.4 per cent, according to the General Department of Customs and Excise.
The IMF sees significant downside risks as Cambodia slips on corruption index.
The Council for the Development of Cambodia (CDC) recently said the country attracted fixed-asset investment of over $187 million in January this year.
Cambodia’s economy is projected to have grown by 5.3 per cent last year, fuelled by a resurgence in tourism and strong performance in non-garment exports, according to the International Monetary Fund.
The Japanese Chamber of Commerce and Industry recently expressed interest in expanding investment in original equipment manufacturers for the textile sector in Cambodia.
Cambodia aspires to attain upper middle-income status by 2030 and high-income status by 2050. To realise these ambitions, the country must address specific challenges hindering inclusive, sustainable and resilient growth.
The country’s recent microcredit boom has highlighted the wide gap between the theory of microfinance and its reality.
Bilateral trade between Cambodia and Vietnam has maintained steady growth, reaching nearly US$6.6 billion in 2023, an increase of more than 7% compared to 2022.
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Renewable energy player Sunview Group Bhd, through wholly owned subsidiary Fabulous Sunview Sdn Bhd, has signed an agreement with Cambodian partners for the proposed development of a renewable energy project.
The central bank is focusing on internationalizing its blockchain-based payment system.
Cambodia attracted fixed-asset investment of $4.92 billion from abroad last year—up by 22 per cent over 2022's $4.03 billion.
The country’s Ministry of Information is collaborating with some of the accused individuals to determine the severity of the situation and ensure the integrity of media representatives.
With 55 of 58 seats won, ex-PM Hun Sen seen securing top post in upper house.