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153 investment project is to approved by Cambodia

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ASB- Singapore Employment Permits - Part IIIn the first half of this year, the Council for the Development of Cambodia approved 153 investment projects worth around $5.2 billion, an increase of 48 from the same period last year. Leading Taiwan-based curtain manufacturer and seller Nien Made Enterprise Co plans to expand in Cambodia to avoid the fallout from the Sino-US trade war. The firm will expand its production line in Southeast Asia and will shift orders for finished products from China to Cambodia to avoid the risk of US tariffs. Currently, about one-third of the company’s ready-made products, such as blinds, are made in China, but it plans to gradually shift the bulk of its operations to Cambodia over the next few years. Taiwan-based Eclat Textile Co, a sportswear supplier to Nike Inc and Lululemon Athletica Inc, is also slated to invest in more facilities in Southeast Asian countries – including Cambodia – as it plans to “move beyond Vietnam” amid heightened risks of US tariffs.

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