Both the hike in the garment industry minimum wage and the recent political deterioration, perceived as a threat to the future of democracy in Cambodia, have received mixed responses from international businesses operating in the Kingdom’s lucrative garment sector. While some of the largest apparel giants sourcing from Cambodia have shown widespread support for the […]
Read MoreA new draft of the Competition Law will be submitted to the Council of Ministers by the end of the year, according to a representative of the Ministry of Commerce. Mao Thora, a secretary of state at the Ministry of Commerce, told Khmer Times that officials at the ministry’s Camcontrol Department are currently reviewing and […]
Read MoreThe Federation of Association for Small- and Medium-Sized Enterprises of Cambodia (Fasmec) slammed the government yesterday in a meeting with the Ministry of Industry and Handicraft, claiming that the government has been ineffective in finding solutions to help domestic companies. Te Taing Por, president of Fasmec, said that it had put forth 23 challenges that […]
Read MoreCambodia is an integral constituent of Xi Jinping’s Belt and Road Initiative (BRI), with the number of Chinese investors showing interest in the kingdom’s market growing rapidly, a Chinese economist said yesterday during a conference on promoting cooperation between China and Cambodia. Guoyou Song, professor at Fudan University and director of the Centre of Economic […]
Read MoreThe Ministry of Commerce is hosting its third trade fair of the year as part of its “Buy Cambodian Campaign“ to promote locally made goods. The fair, which opened yesterday, sees 194 companies at 200 booths in the Sopheak Mongkol Hall of Phnom Penh’s Steung Mean Chey district during its three-day event. According to Minister […]
Read MoreCambodia’s garment and footwear exports will likely see a slower percentage of growth this year at around 5 percent, compared with 7 percent in 2016, a trend that industry insiders dismissed as not being indicative of an overall decline or linked to the current political situation. Speaking yesterday at the annual Cambodia Textile Summit, Ken […]
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