Garment industry

Myanmar Economy At Risk After Coup

Foreign investors flocked to Myanmar as it began its democratic transition a decade ago, but this week's military coup is likely to accelerate a trend of Western withdrawal - and China's expansion.Myanmar's untapped potential was up for grabs in 2011, when generals in charge of a 49-year junta loosened their iron grip, paving the way for democratic reforms and economic liberalisation in the country of more than 50 million people. Investors pumped money into telecommuni

5 February 2021
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Garment industry hit hard by COVID-19

The COVID-19 pandemic that first emerged in the city of Wuhan in Hubei province, China, has severely affected local industries and livelihoods across the world. Some of the worst hit sectors include tourism and aviation as an estimated three billion people worldwide are under virus lockdowns.

2 April 2020
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Virus hammers Southeast Asia’s garment industries

Cambodia's multi-billion-dollar garment industry is at risk of chain disruption from the deadly coronavirus, its strongman premier said Monday, as the outbreak cripples Southeast Asia's key industries, bringing border trade to a trickle. The death toll from the virus, which emerged from Wuhan in central China, has reached over 3,000 worldwide - the bulk of the fatalities in the mainland.Beijing issued unprecedented lockdowns for cities and provinces most affected, bringing

3 March 2020
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Cambodia PM blasts EU interference

Cambodian premier Hun Sen warned against interference in the country's affairs on Tuesday, his first comments since the European Union (EU) launched steps to cancel trade benefits that would hammer the local garment industry.The bloc announced Monday it would begin a process of intensive monitoring to decide whether to suspend duty-free preferences under the "Everything But Arms" (EBA) deal.The move would deal a crippling blow to Cambodia's robust garment and footwear indu

13 February 2019
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