Asian Development Bank predicted a GDP growth of 5.3 percent in 2022 and 6.5 percent in 2023 for Cambodia, which rebounded faster than expected in 2021. According to ADB’s Asian Development Outlook 2022 report, Cambodia, which registered a contraction of 3.1 percent in 2020, posted an estimated three per cent GDP growth last year. The […]
Read MoreThe Kingdom imported more than $1.3 billion worth of goods from Thailand in the first two months of this year, a 3.3 percent year-on-year increase. Imports from Thailand were at $1.12 billion during the period, a 5.2 percent increase from the same period last year, according to the official statistics from Thailand’s Commerce Ministry. The […]
Read MoreDespite the challenges of Covid-19, local apparel and textile suppliers have cut energy and water consumption through a range of sustainable solutions under an IFC program. The program aims at increasing resource efficiency and reducing operating costs. As part of the IFC’s Cambodia Improvement Program, ten suppliers with cut-and-sew and garment-washing operations implemented resource efficiency […]
Read MoreThe Cambodian government will upgrade the Garment, Footwear and Travel Goods (GFT) sector into environmentally sustainable, high value-added, focused on high-end and unique products and supportive of economic diversification before 2027, according to the Cambodia GFT Sector Development Strategy 2022-2027. The GFT industry has been a priority sector and has contributed significantly to Kingdom’s socio-economic […]
Read MoreThai discount wholesaler Siam Makro Pcl plans to spend 11 billion baht ($330 million) this year to expand its operations, and open two new Makro stores in Cambodia, 30 in Thailand and three in India, hoping to tap into soaring demand, according to group CEO Suchada Ithijarukul. The plan would bring the total number of […]
Read MoreThe Cambodian government has pushed for upgrading the existing railway system to a high-speed railway, building new railway lines domestically, and connecting the tracks to neighbouring countries. Prime Minister Hun Sen said this yesterday at an inauguration ceremony of 38 roads and other physical infrastructure in Siem Reap City, Siem Reap province. The existing two […]
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