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 [...]
Posts Tagged ‘Garment sector’
Garment exports dropped 21 pc in 2009
November 16th, 2009 
Cambodia Economy 
Posted in Trade 
Tags: Garment sector, garment workers, global financial crisis, textile industry 
No Comments »SMEs key to growth
March 13th, 2009 Cambodia Economy CAMBODIAN economists and trade officials have urged the government to focus on small and medium-sized entreprises rather than foreign investment to boost the economy during the global downturn. “Only small and medium-sized enterprises can be used as a tool to boost our growth,” said Kang Chandararot, director of the Cambodia Institute for Development Study. He [...]
Low garment sales, poor tourism to hit Cambodia-IMF
March 7th, 2009 Cambodia Economy PHNOM PENH, March 6 (Reuters) – A slowdown in garment exports and a drop in the number of tourists could cause Cambodia’s economy to shrink 0.5 percent this year, the International Monetary Fund said on Friday. That is a big turnaround from the 4.8 percent growth the IMF had forecast in November. “Garment exports are [...]
Posted in Economy Tags: Cambodian economy, export, Garment sector, GDP, global economic crisis, IMF, international trade, tourism No Comments »
