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Cambodia’s economy projected to grow at 6.3% in 2025: Draft budget

Cambodia has approved a draft budget of more than $9.3 billion for 2025, down from $9.54 billion in 2024, with economic growth projected at 6.3 per cent. The country’s GDP is expected to reach about $51.39 billion next year, and its GDP per capita is $2,429. The industry is projected to grow at 8.6 per cent and agriculture at 1.1 per cent. Inflation...

Fri Nov 1, 2024 04:04
Cascale revamps membership model, boosts supplier and climate action

Cascale, formerly the Sustainable Apparel Coalition, has introduced a new membership model to enhance inclusivity and balance supplier input, restructuring to prioritise member type over region. Key initiatives include the Higg Index updates, a Bangladesh collaboration, and the Manufacturer Climate Action Program, all driving sustainable industry...

Thu Oct 31, 2024 16:07
Sakho unveils stitchless garment technology at GTE 2024, Bangalore

Sakho introduced its stitchless garment technology at GTE 2024 in Bangalore, showcasing advanced bonding and embroidery machines, including the Martin fusion machine from Italy. Akesh Kumar, Business Head, noted that while stitchless technology is still emerging in India, it offers significant time and cost benefits for manufacturers. Sakho also...

Thu Oct 31, 2024 07:03
UK retail sales drop in October following growth in September: CBI

UK retail sales volumes slightly declined in October after September’s marginal growth, with expectations for flat sales in November, stated the CBI survey. Retailers saw weak seasonal sales, while online sales grew. Orders from suppliers decreased, and the broader distribution sector reported sales declines. CBI urges business rate reforms...

Thu Oct 31, 2024 05:33
Cambodia’s GDP per capita expected to jump 40% in 2025 to $2,924: Govt

Cambodia's GDP per capita in 2025 is expected to rise to $2,924—a rise of over 40 per cent over the projected 2024 figures, while economic growth is expected to reach 6.3 per cent, the office of the council of ministers said. This would bring the current GDP to nearly $51.398 billion. The industrial sector is projected to grow by 8.6 per cent....

Thu Oct 31, 2024 05:33
Cambodia's textile industry: Southeast Asian powerhouse in the making?

This article discusses how Cambodia is becoming a textile powerhouse in Southeast Asia. Cambodia’s textile industry contributes 70 per cent to its export earnings. Despite competitive advantages, textile industry challenges in Cambodia include poor wages and outdated technology. Focusing on sustainability, MMF textiles and workforce development...

Thu Oct 31, 2024 05:33

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