Search Results for: Cambodia

Published in the Dhaka-based newspaper, The Business Standard, Mr Billah’s story clinched the second prize in the “National Newspaper” category, at the eighth annual award ceremony of BRAC, one of the largest NGOs in the world. BRAC introduced the “BRAC Migration Media Award” in 2015 to formally recognise migration journalism.…

Vietnam’s businesses in export-focused garments and footwear manufacturing are facing up to the challenge of becoming greener. This realisation comes even as the country benefits from free trade agreements (FTA), such as the 2019 European Union (EU)-Vietnam Free Trade Agreement (EVFTA) and the 2020 UK–Vietnam Free Trade Agreement (UKVFTA).…

Thailand has often been overshadowed as a clothing and textile outsourcing hub, given the high profile of the industries in neighbours Vietnam and Cambodia – but its output is significant and a free trade agreement (FTA) now under negotiation with the European Union (EU) could boost its exports.…

Risk specialists predict that the current instability in China’s trust sector and China’s slowing economic growth will lead to a massive outflow of capital from China, breaching Chinese money laundering laws. That will include both the export of legally earned money in excess of Chinese capital export caps of USD50,000 per year and illicit movements of criminal proceeds.…

The Indonesian government is looking to actively support the country’s textile and clothing industry as it faces a downturn in exports, depressed by soft economies in overseas markets facing high inflation and interest rates.

Trade has indeed fallen, said the Indonesia industry ministry, which told Just Style of a decline in both exports and imports in the first half of this year (2023), with clothing and textile exports dropping by 18.7% and imports by 19.8%.…

Suppliers in Cambodia’s garment industry say that concerns over forced labour have been solved or do not affect them, but one labour rights advocate warned that more should be done to prevent the issue from rising again.

Both Walmart and Centric Brands said last month (August) in a Reuters investigation that they were investigating their supply chains in Cambodia after allegations that some export products had been produced in Correctional Centre 2, a women’s prison in Phnom Penh (1).…

A group of 10 foreign nationals, all ethnically Chinese, have appeared at Singapore’s State Courts accused of operating a Singapore dollars SGD1 billion (USD738 million) international money laundering ring. The group have all been denied bail in preliminary hearings, following an island-wide set of police raids on August 15 involving more than 400 police officers.…

This year, tens of thousands of workers have been laid off by footwear production factories in and around Ho Chi Minh City, the centre of Vietnam’s USD24 billion footwear export industry.

Fo example, Pou Yuen Vietnam, a Taiwanese supplier for global giants including Adidas and Reebok, let go 5,744 employees through June and July, following a round of layoffs impacting 2,358 workers in February. …

The Thailand paint and coatings sector is expanding faster than general economic growth in Thailand, expanding sales as the country transitions from military-dominated to democratic rule.

This southeast Asian powerhouse economy is projected to grow GDP by 3.9% in 2023, up from 2.6% last year due to stronger-than-expected export demand from China, Europe, and the United States, according to the World Bank (1).…

This southeast Asian powerhouse economy is projected to grow GDP by 3.9% in 2023, up from 2.6% last year due to stronger-than-expected export demand from China, Europe, and the United States, according to the World Bank (1). 

Thailand’s ministry of commerce has maintained a targeted year-on-year growth for exports this year of 1%-2%, after a 5.5% gain in 2022 (2).…