Close to 95 percent of the workers hardly attend reskilling or upskilling programmes within the labour-intensive garments, footwear and travel goods sector, according to a survey report released by the Cambodia Development Resource Institute. The report highlights the need for skill development of the workforce to help achieve the goal of moving up the value […]
Read MoreProducers of footwear, travel and leather producers who are the members of two associations in Cambodia have found that the new Law on Taxation promulgated by King Norodom Sihamoni on May 16, 2023, would provide economic benefits to them after they attended a workshop, according to a press statement of the General Department of Taxation […]
Read MoreThe Regional Comprehensive Economic Partnership (RCEP) free trade pact and the bilateral free trade agreements (FTAs) will play a crucial role in attracting more foreign direct investments to Cambodia, Cambodia’s central bank said in a report released on Thursday. In addition to the RCEP, the world’s largest free trade deal engaged with 15 Asia-Pacific countries, […]
Read MoreNational Bank of Cambodia (NBC) has revised Cambodia’s Gross Domestic Product (GDP) growth to 5.5 percent from 5.6 percent for 2023, while the banking system’s stability has been maintained and the non-banking industries have grown gradually even though external have negatively affected the real estate sector, said an NBC’s officials. The revised economic growth figure […]
Read MoreThailand’s cabinet has agreed to allow 500,000 foreign workers from Laos, Cambodia, Myanmar, and Vietnam to stay until the end of the month, to sort out their work permits to legally work and live in the country. Traisuree Taisaranakul, the Deputy government spokeswoman, said on Thursday that the agreement was reached on 4 June, following an amnesty program […]
Read MoreThe Better Factories Cambodia (BFC) has been a vital driver of Cambodia’s exports of garment, footwear, and travel goods to the US market, according to US Ambassador to Cambodia Patrick Murphy. He made the remarks during a meeting with Ith Samheng, Minister of Labor and Vocational Training, on Wednesday. “The Better Factories Cambodia project has […]
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