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Tag Archives: global economic crisis
SMEs key to growth
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 … Continue reading
Decline in 27 percent of Cambodian garment exports
Cambodian garment industry was hard hit by the world economic crisis and due to the drop in demand from its main markets such as United States and European Union. Decline of demand of the US and EU markets also show … Continue reading
Low garment sales, poor tourism to hit Cambodia-IMF
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 … Continue reading
Posted in Economy
Tagged Cambodian economy, export, Garment sector, GDP, global economic crisis, IMF, international trade, tourism
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Economic meltdown
THE current economic crisis is unravelling before us faster than even the most pessimistic of experts predicted just a few months ago. The effects are already trickling down to ordinary working people. In the Asia Pacific region, the International Labour … Continue reading
Global economic crisis led to factory closings
MOST garment factories that shut down in 2008 did so because of the global economic crisis, which resulted in a rapid decrease in purchase orders from key markets, according to a report completed last week by the Ministry of Labour … Continue reading
Posted in Economy
Tagged Garment factory, Garment sector, global economic crisis, international market, Trade
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Kampot Cement to cut output in phases
CAMBODIA’S largest cement producer is set to cut production in two phases on falling demand from the construction industry, the company said. Khaou Phallaboth, president of the firm’s Cambodian minority stakeholder, told the Post on Tuesday that Kampot Cement has … Continue reading