ASEAN to address US tariffs in unison

ASEAN to address US tariffs in unison

ASEAN leaders yesterday called for a united response to the unilateral US tariffs, emphasizing unity and resilience amid global economic challenges. Presiding over the 46th ASEAN Summit themed ‘Inclusivity and Sustainability’ in Kuala Lumpur, Prime Minister of Malaysia Anwar Ibrahim, also Chair of ASEAN 2025, stressed the need to address economic challenges jointly in the […]

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BRI-backed industrial zone in Cambodia boosts economic growth, improve local livelihoods: PM

BRI-backed industrial zone in Cambodia boosts economic growth, improve local livelihoods: PM

Cambodian Prime Minister Hun Manet said here on Thursday that the Sihanoukville Special Economic Zone (SSEZ) has boosted the kingdom’s trade and economic growth and improved local livelihoods. The 11-sq-km SSEZ, jointly ventured by Chinese and Cambodian companies, is a flagship project under China’s Belt and Road Initiative (BRI). Hun Manet made remarks during a […]

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Cambodia’s Workforce at a Crossroads: Navigating the Transition from Low-Cost Labour to High-Value Industries

Cambodia’s Workforce at a Crossroads: Navigating the Transition from Low-Cost Labour to High-Value Industries

For years, Cambodia’s economic narrative was characterised by rapid growth fuelled primarily by low-cost labour and foreign direct investment (FDI), particularly in the garment manufacturing sector. Factories proliferated across the country, export volumes soared and employment opportunities flourished, creating the foundation for a decade of impressive GDP growth. However, as the global economic landscape evolves, […]

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Factory numbers up 12.5% under Manet

Factory numbers up 12.5% under Manet

In the first 20 months of Prime Minister Hun Manet’s seventh-mandate government, the number of large factories in Cambodia has swelled by an eighth. The Kingdom was home to approximately 40,300 large enterprises in August 2023, when the government was formed. By April this year, that figure had increased to 45,386. Heng Sour, Minister of […]

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This Cambodian beach town costs less than your Netflix subscription (and delivers paradise for just $6 a night)

This Cambodian beach town costs less than your Netflix subscription (and delivers paradise for just $6 a night)

This idyllic coastal town in Cambodia might be the best travel deal you’ll find this year. For just $6 per night—less than what you pay for a standard Netflix subscription—you can wake up to pristine beaches, swaying palm trees, and the gentle sound of waves lapping against golden shores. The under-the-radar paradise that costs less […]

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Cyprus average wage hits €2,813 in fourth quarter of 2024

Cyprus average wage hits €2,813 in fourth quarter of 2024

Average monthly earnings in Cyprus rose by 5 per cent in the fourth quarter of 2024 compared to the same period in 2023, according to preliminary data released by the Cyprus Statistical Service (Cystat). When compared to the previous quarter, and after adjusting for seasonal fluctuations, average monthly earnings increased by 1.2 per cent in the fourth quarter of 2024. Specifically, […]

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