Global economic crisis really affected Cambodia’s garment industry, which is one of main sector because it is dependent on foreign consumption. In the last nine months of this year, the number of order was down, even though about 20 new garment factories opened. Ken Loo, Garment Manufacturers Association of Cambodia Secretary General, said that foreign [...]
Textile industry is one of the main sectors to drive Cambodian economy growth but in the period of global financial crisis, this sector was decreasing and most of garment workers have been laid off which have made them to lose daily-basic income for supporting their life and families. The demonstration always has been made almost [...]
In the first five months of 2010, Cambodia’s garment and textile exports increased over 11 percent because of a recovery in foreign purchasing power as global markets continued improving from the global financial crisis. Sok Sopheak , MoC foreign trade director general, was quoted by the Post as saying that sector growth was the result [...]
The traffic of Phnom Penh Autonomous Port increased 40.4 percent during the first five months of 2010, compared with the same period of last year. The increased is driven by activities of main sectors in Cambodian economy such as garment industry and agriculture sector. Eang Veng Sun, the Phnom Penh Autonomous Port’s deputy director general, [...]
The Asian Development Bank said Tuesday it expects an economic rebound for Cambodia in 2010, with growth moving from 4.5 percent this year to 6 percent in 2011. The recovery was driven by the country’s main economic pillars: agriculture, construction, garments and tourism, ADB officials said Tuesday, as they released the bank’s economic outlook for [...]
The global economic recession is still plaguing Cambodia’s garment industries, which is the nation’s main revenues and created jobs for Cambodian people from different provinces. During the last 9 months from January to September 2009, garment export decreased 21.66 percent, compared with the same period of 2008. The Ministry of Commerce released data; it shows [...]
Shuttered Tack Fat factory’s workers protested in front of the Ministry of Labor and National Assembly Monday to demand garment factory to pay them back. The factory suspended its operation on October 08, leaving some 1,800 employees jobless in the period of two months. Reportedly, workers were to receive $12 a month. The Post quoted [...]