With more and more US fashion companies looking to go for expanding and diversify their garment sourcing base after the supply chain disruption caused by the Covid-19 pandemic, Cambodia is likely to emerge as one of the beneficiaries. Around 40 percent of the US fashion companies have stated that they planned to “source from more […]
Read MoreMANILA, Philippines — Expect the Bangko Sentral ng Pilipinas (BSP) to deliver more rate hikes and bring the benchmark rate to at least six percent this year, as inflation soared above the government’s target last year, top bank economists said. HSBC Global Private Banking and Wealth chief investment officer for Southeast Asia James Cheo said […]
Read MoreVietnam’s economy totaled US$409 billion in 2022, or 10 times higher than that in 2000, according to the Government’s report released Tuesday. The country’s GDP per capita rose to US$4,110 this year, an increase of US$393 in 2021, says the report. The Vietnamese economy expanded 80.2 percent in 2022, far higher than the initial target […]
Read MoreOrders for garments and footwear have not picked up in Cambodia last year, and it will continue to decline, according to a senior official of the Textile, Apparel, Footwear & Travel Goods Association in Cambodia (TAFTAC). Ken Loo, TAFTAC Secretary General, told Khmer Times, “So far, orders for Cambodian footwear products from international markets, especially the […]
Read MorePETALING JAYA: The economy is likely to kickstart the year at a sluggish pace, even as Malaysians continue to feel the brunt of stubbornly high inflation. The ringgit is also forecast to weaken against the US dollar in the first quarter of 2023 (1Q23), amid the expected further rate hike by Bank Negara. In a […]
Read MoreThe Royal Government of Cambodia has collected 22,302 billion riels or $5.44 billion as the total national revenue in the first 11 months of 2022, while the total national expenditures reached 22,275 billion riels or $5.43 billion, resulting in 27 billion riels or $6.6 million received as the surplus of the national budget, according to […]
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Thailand
