Nike investors voted against two shareholder-led proposals during the sportswear giant’s annual meeting on Tuesday, according to a preliminary tally by the company.
More than a dozen investors are calling on Nike to pay garment workers in Cambodia and Thailand that a labour rights group said lost wages after COVID-19 factory shutdowns, according to a Sep 7 letter to Nike's CEO John Donahoe seen by Reuters.
Cambodia registered 3.4 million air travelers during the first eight months of 2023, a year-on-year increase of 180 percent, said a report released by the State Secretariat of Civil Aviation on Monday.
Cambodia and China are expected to sign six more MoUs to enhance comprehensive investment cooperation.
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Official figures indicate Cambodia is in recovery mode, with the nation welcoming 3.03 million international visitors in the first seven months of 2023 – however, tourism players on the ground paint a different picture.
Tourism becomes collateral damage as authorities struggle to tackle online gangs.
South Korean President Yoon Suk Yeol and Cambodian Prime Minister Hun Manet agreed Thursday to further expand bilateral trade by actively using their recently implemented free trade agreement, the presidential office said.
The rise in non-performing loans only hints at the heavy burden of debt borne by tens of thousands of rural Cambodians.
The Council for the Development of Cambodia recently issued registration certificates to 10 manufacturing projects worth nearly $60 million to set up factories.
Southeast Asian casino operator Donaco International Ltd has reported a near 10-fold increase in revenues for the year ended 30 June 2023 of AU$24.33 million, up from just AU$2.4 million a year earlier thanks to the full reopening of its Cambodian and Vietnam casinos.
The Labour Behind the Label initiative is leading efforts to ensure fashion companies Next and Superdry fulfill their obligation of US $ 500,000 dollars owed to Cambodian garment workers affected by the Wai Full Textiles factory closure during Covid-19.
E-Mart24, one of South Korea’s major convenience store (CVS) chains, has signed an initial agreement with a South Korean real estate service company and a Cambodian food and beverage group to make inroads into the Cambodian market, company officials said Friday.
Walmart and Centric Brands are investigating their supply chains in Cambodia over allegations that inmates at the country's largest women's prison were illegally employed to produce garments for export, following questions posed by Reuters and inquiries from a U.S. industry group about labour practices there.
Cambodia's National Council on Minimum Wage on Wednesday started to negotiate the annual hike of monthly minimum wage for the garment, footwear and travel goods industry for 2024, according to an NCMW press statement.
Cambodia exported apparel items, clothing accessories and knitted and non-knitted or crocheted items worth $4.5 billion in the first seven months this year—down by 20.6 per cent year on year from $5.6 billion.
The Textile, Apparel, Footwear & Travel Goods Association in Cambodia has said the sector's exports had slipped by 18 per cent year on year in the first half this year.
A good relationship with the Cambodian government would be a prerequisite for the resumption of negotiations on overlapping claims to natural gas resources in the Gulf of Thailand, experts said, but warned of a return to a cold conflict if there were mutual reservations.
Zaw San Aung was found in the departure section of Changi Airport Terminal 3 with three passports on him.