Cambodia was Adidas’ largest garment manufacturer in 2021, overtaking China, as the German sportswear giant turns to Southeast Asia to fulfil its manufacturing needs. Adidas’ incoming chief executive officer will need to tackle the tricky issues of manufacturing in China and the Chinese market, where sales are sliding. Cambodia made 21 percent of Adidas’ sports […]
Read MoreThe Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) have claimed that banks and microfinance in Cambodia continue to provide loans with the same interest rate, despite seeing less return as interest rates on international markets increase. In early February 2023, the US Federal decided to raise interest rates by another […]
Read MoreIn the early days of this year, Hoa Phat Group secured many orders to export its steel products to the US, Canada, Mexico, Puerto Rico, Australia, Malaysia, Hong Kong (China), and Cambodia. The firm’s export volume in January reached 46,000 tonnes. Hoa Phat produced 392,000 tonnes of crude steel in January, equaling 56% of the […]
Read MoreCambodia exported a total of 670,000 tonnes of raw cashew nuts worth $1.07 billion last year to the international market, with 98.5 percent of its raw cashew nuts worth $1 billion being shipped to Vietnam. Furthermore, Cambodia’s raw cashew nuts are also one of the main sources for cashew processing in Vietnam. According to details […]
Read MoreCambodia and the Philippines may re-sign the memorandum of understanding (MoU) using the nation-nation mechanism that enables free trade in rice. The subject came up during a three-day Philippines rice market study visit, starting on February 1, of a delegation from the Ministry of Commerce. The Ministry also pitched for exporting rice to the Philippines. […]
Read MoreSingapore, the most advanced economy in the Asean region, is out to play a bigger role in filling Cambodia’s infrastructure gaps, and the city-state has positioned itself as a facilitator and partner for this in addition to providing an ideal ecosystem for private capital. In an exclusive interview with Khmer Times recently in Phnom Penh, Lavan Thiru, […]
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