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 [...]
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 [...]
Over the last decade economic growth has helped lift Cambodia out of its poverty. The signs were everywhere; bustling construction sites around Phnom Penh ; young workers filing into factories, filling orders for eager clients abroad. More than 400,000 jobs in the textile industry fuelled the hopes of many young women whose earnings in the [...]