>>
Home / Knowledge / News / Apparel/Garments / Outlook for Cambodia's economy remains robust: ADB
Outlook for Cambodia's economy remains robust: ADB
29
Sep '16

Backed by 9.4 per cent growth in exports from the garment and footwear industry, Cambodia's economy is likely to witness strong growth in 2016 and 2017, says a new Asian Development Bank (ADB) report. Cambodia attained lower-middle-income status in July this year, and the report has retained its forecast for economic growth at 7 per cent this year.

“Economic developments so far in 2016 have unfolded broadly as expected in Asian Development Outlook (ADO) 2016. Exports from the important garment and footwear industry rose by 9.4 per cent in the first half, almost double the pace in the same period of 2015,” says the ADB in an update of its flagship annual economic publication ADO 2016.

“While growth in credit to the private sector moderated to 28.1 per cent year-on-year in June 2016, it still indicates buoyant domestic demand. Better weather since June, following an extended drought, should help a mild recovery in agriculture,” said Samiuela Tukuafu, ADB's country director for Cambodia.

Tukuafu said that ADB stands ready to continue supporting Cambodia's inclusive economic growth through critical investments in agricultural productivity, transport and logistics, technical and vocational education and training, and financial sector development.

Fiscal policy is seen as supporting economic growth, with government spending rising by 15.6 per cent in the first half of 2016 assisted by civil service wage increases, and revenue rising by 24.1 per cent as the government continued to improve tax collection.

Merchandise exports increased by an estimated 12.3 per cent in US dollar terms in the first 6 months, faster than the 9.4 per cent recorded in the first half of 2015. Growth in merchandise imports slowed to 7.3 per cent from 17.0 per cent. The current account deficit, excluding official transfers, is still seen to have changed minimally this year compared to 2015, and is expected to narrow in 2017 thereby maintaining Cambodia's sound external position. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 25th May 2022

New York senate passes bill to ban harmful PFAS in apparel

The New York State senate recently passed a bill that prohibits the...

Pic: craig hastings | Dreamstime.com

Textiles | On 25th May 2022

German GDP rises by 0.2% in Q1 2022 over Q4 2021: Destatis

Germany’s GDP rose by 0.2 per cent in the first quarter (Q1) of 2022...

Pic: Shutterstock

Textiles | On 25th May 2022

Businessmen in Bangladesh urge govt not to hike gas, power prices

Bangladesh businessmen have called for not raising gas and...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Liquidity is a primary issue in Indian context

Textile Industry, Head honchos

Textile Industry
Head honchos

Uniform designing is a numbers game

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Mohd. Showkot Ali,

Mohd. Showkot Ali

Bangladesh-based Maksons Group owns and operates multiple corporations and ...

Dr Anton Firth & Dr Aida Rafat,

Dr Anton Firth & Dr Aida Rafat

Founded in 2020 in London, DyeRecycle develops an innovative dyeing fibres ...

Sarah Bellos,

Sarah Bellos

Stony Creek Colors was started in 2012 to build a new future for natural...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Tonny De Beer, PFNonwovens

Tonny De Beer
PFNonwovens

PFNonwovens (PFN) was established in 2018 by the combination of two...

Seth Casden, Hologenix

Seth Casden
Hologenix

Hologenix is a material sciences company dedicated to developing products...

Sujata & Taniya Biswas, Suta

Sujata & Taniya Biswas
Suta

Founded by <b>Sujata and Taniya Biswas</b>, Suta is a humble brand which...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Phong Phu international JSC (PPJ)
Performance Days
Meera Dyestuff Industries
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
PVH Corporation
Brandix Lanka Limited
NITI Aayog
Indofil Industries Limited - Specialty & Performance Chemicals Division
ITMA Services Pte Ltd
Splash
APLF Limited
Aleph Srl
THE BOMBAY DYEING ;& MFG.CO. LTD
BTC Textiles LLC
Haelixa AG
Stahl Holdings B.V.,
GHCL LIMITED
Maceton Limited
Marzoli Machines Textile s.r.l.
Savio Macchine Tessili S.P.A.
Puma
Chori Company Limited
Helly Hansen Far East Ltd
SHAHI Exports Pvt Ltd
BRINKMANN GMBH
BIANCA
Kern – Liebers Textile
VNU Exhibitions Asia
GIOVANNI BOZZETTO S.p.A.
Lenzing Aktiengesellschaft - India
TEXVALLEY MARKET LIMITED
Desigual - ABASIC, S.A.
Landmark Group
Grasim Industries Limited
Color Service s.r.l.
Walmart
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
EUROVET ASIA LTD
TESTEX AG, Swiss Textile Testing Institute
Abit
China World International Exhibition Company Limited
TÜYAP IHTISAS FUARLARI A.S.
Amazon China
Alix Partners
G.A.S. unternehmenskommunikation gmbh
Sainsbury's Argos Asia Limited
Saurer Textile Solutions Pvt. Ltd.
CSGIA(China Screen Printing & Graphic Imaging Association)
Etam Group Strategy Hong Kong Limited
Restoque S.A.
Gatsby Africa
Bluesign Technologies Ag
Midas Clothing Limited
JES MEDIA, INC
GERBER TECHNOLOGY LTD.
Woolmark Services India Pvt. Ltd.
Rayonese Textile Inc., Division de Culp Inc.
Equinox Impex India
Hela Clothing Pvt Ltd
CGS Inc.
Shanghai  Aige Exhibition Service Co., Ltd
International Textile Manufacturers Federation
Permoda(Koaj/Armi/Pronto/Bkul)
Jiangsu Yingyang Nonwoven Machinery Company Limited
Mayer & Cie. GmbH & Co. KG
Thermore (Far East) Ltd.
Gokaldas Exports Limited
Rosset ;& Cia Limited
IKEA of Sweden AB
Nihalani Events Management
T.T. Limited
Seasalt Limited
Tradewind International Servicing
IDH – The Sustainable Trade Initiative
Gap International Sourcing Limited
Thai Acrylic Fibre Company Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
Thai Trade Center
International Sourcing Expo Australia
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Nandan Denim Limited
Datatex Consulting Srl
Palexpo SA
Rieter India Private Limited
Bluestem Global Sourcing Limited
BIMBA ;& LOLA SL
Asos
MAS Active / MAS Kreeda / MAS Bodyline
Boardriders Asia Sourcing Limited
Jindal Worldwide Limited
Centric Software
Groz-Beckert East Asia LLP
Officina Meccanica Dora Enrico Srl
Zünd Systemtechnik AG
Italian Trade Commission
NV Michel Van de Wiele
Reiter India Private Limited
TESCO INTERNATIONAL SOURCING LIMITED
FESPA (Reigate)
COTTON COUNCIL INTERNATIONAL
Gloria Jeans
Mesdan SPA
Zydex Industries
Lenzing Aktiengesellschaft
Huntsman (Singapore) Pte Ltd
Truetzschler India Private Limited
Copenhagen Fashion Summit
Sportmaster Ltd.
Under Armour Global Sourcing Ltd
BTSR International S.P.A.
Inter Expo Center Ltd.
Loris Bellini S.r.l.
Indo Tex
Messe Frankfurt Exhibition GmbH
Messe Duesseldorf
Lacoste (Wanchai)
John Varvatos
Green Fibre
Istanbul Fuarcilik A.S.
Calvin Klein
USTER
Tory Burch Hong Kong Ltd
Applied DNA Sciences Inc
G-Star Raw C.V.
H. Stoll AG & Company KG
The Top Form Brassiere Manufacturing Company Limited
Newtech Textile Technology Development (Shanghai) Company Limited
Recron Polyester from Reliance Industries Limited
Babyshop
IIGM Private Limited
DuPont de Nemours, Inc.,
Dow Silicones Corporation
Aramark Uniform ;& Career Apparel, LLC
Lululemon Athletica Inc
Brückner Trockentechnik GmbH & Co. KG
EMBEE CORPORATION
FULGAR SpA
Eurofins BLC Leather Technology Centre Ltd
Xtema - Thomas Lebherz Textilmaschinen
Target Corporation (MN)
Pt. Peraga Nusantara Jaya Sakti
EPCH
Groz-Beckert KG
Tchibo GmbH
IFF Media Ag - International Media Services
Coats Digital Limited
Arvind Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Infor (Hong Kong) Limited
Lectra Technologies India Pvt Ltd.
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
UBM China (Shanghai)
Taiwan Textile Federation (TTF)
Sateri (Jiujiang) Fiber Co.,Ltd
The LYCRA Company Singapore  Pte. Ltd
Colours India Inc
N9 World Technologies Private Limited
The LYCRA Company Singapore  Pte. Ltd
Esprit Europe Services GmbH
Cat Tuong Real Estate Group Joint Stock Company
K AND D ITMACH EXPOSITIONS LLP
Decathlon
Alison Hayes Romania
Vardhman Textile Ltd
ZAITEX spa
Recron Polyester from Reliance Industries Limited
Flainox S.r.l.
Itema Weaving (India) Private Limited
LC Waikiki
SYNERGIES HONG KONG LIMITED
Lifestyle
Weitmann & Konrad GmbH & Co. KG
X-Rite Asia Pacific Limited (HK)
KIABI
Lottmann Communications
OVS Hong Kong Sourcing Ltd.
Hirdaramani International Export Private Limited
Datacolor AG Europe
Comasia Limited
Chico’ FAS
Tommy Hilfiger
Shima Seiki Mfg. Ltd.
DyStar India Pvt. Ltd
KAS Direct Sourcing
Guess Europe Sagl,
Karl Mayer Textilmaschinenfabrik GmbH
Kornit Digital Asia Pacific Ltd
Page Industries Limited (Bangalore)
C;&A Sourcing International Ltd
Varner AS Retail
Lisa S.P.A.
Tuyap Tum Fuarcilik Yapim A.S.
Vianney Textil Hogar S.A. De C.V.
Sportswear Company Spa
Benetton Group
Eastman Chemical Company
Aquarelle Clothing Limited
J ;& P Coats

May 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search