Other industries that will be affected include textile, garment, leather and footwear. In the first three months of this year, the textile industry is expected to grow 1.9 per cent, while the garment sector is forecast to contract 1.5 per cent and the leather and shoe production industry is likely to expand 0.5 per cent. Without the COVID-19 epidemic, the growth of these industries would have reached 10.5 per cent, 7.9 per cent and 8.5 per cent, respectively. … [Read more...] about BUSINESS NEWS HEADLINES FEB. 20
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Hun Sen had already expressed scepticism about the risks posed by the virus and offered to go personally to the Chinese city of Wuhan - the centre of the outbreak - to tell frightened Cambodians living there that they must stay put for the sake of relations with China, a vital ally for his country. … [Read more...] about Coronavirus: How did Cambodia’s cruise ship welcome go wrong?
Vientiane (VNA) – Deputy Prime Minister and Foreign Minister Pham Binh Minh on February 20 suggested that the Mekong-Lancang cooperation (MLC) should contribute to consolidating coordination between countries in handling regional challenges and bringing about long-term benefits for people. The mechanism should aim for strengthening the economy’s resilience in the face of uncertainties, Minh said at the fifth MLC Foreign Ministers’ Meeting in Vientiane, Laos. He emphasised the need to focus resources on vulnerable sectors and those that serve as economic engines of member countries. He elaborated that in agricultural cooperation, it is necessary to focus on raising technology capacity for businesses, and improving market stability and confidence for farm produce. Minh also pointed to the severe drought in the Mekong River Basin that requires relevant countries to take drastic actions to ensure the river’s sustainable development. He proposed intensifying … [Read more...] about Mekong-Lancang cooperation contributes to addressing regional challenges