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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...
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...
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...
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...
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....
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 Despite competitive advantages, textile industry challenges in Cambodia include poor wages and outdated technology.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...
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