@higgo888.bsky.social
Presumably there was a lot of overtime worked in May!
Meanwhile, imports of fabric were down 5% compared to May last year, suggesting a cautious outlook for the garment sector in coming months.
Meanwhile, imports of fabric were down 5% compared to May last year, suggesting a cautious outlook for the garment sector in coming months.
June 10, 2025 at 3:25 AM
Presumably there was a lot of overtime worked in May!
Meanwhile, imports of fabric were down 5% compared to May last year, suggesting a cautious outlook for the garment sector in coming months.
Meanwhile, imports of fabric were down 5% compared to May last year, suggesting a cautious outlook for the garment sector in coming months.
Cambodia has a great tourism product with the temples, the islands/beaches, the culture, and the people.
It has to do a lot better at marketing, and do a lot more to clear out the scam centres that are so damaging to the country's reputation.
It has to do a lot better at marketing, and do a lot more to clear out the scam centres that are so damaging to the country's reputation.
June 4, 2025 at 4:35 AM
Cambodia has a great tourism product with the temples, the islands/beaches, the culture, and the people.
It has to do a lot better at marketing, and do a lot more to clear out the scam centres that are so damaging to the country's reputation.
It has to do a lot better at marketing, and do a lot more to clear out the scam centres that are so damaging to the country's reputation.
This is also reflected in air arrivals. Arrivals to Siem Reap in Q1 2025 were down 60% on 2019, and for Cambodia overall down 39% for the same period. This is at a time when Vietnam is seeing record numbers.
June 4, 2025 at 4:35 AM
This is also reflected in air arrivals. Arrivals to Siem Reap in Q1 2025 were down 60% on 2019, and for Cambodia overall down 39% for the same period. This is at a time when Vietnam is seeing record numbers.
Angkor ticket sales in May were just 34% of 2019 (pre-covid) levels. While Chinese visitors account for a lot of that, stripping out the Chinese resulted in ticket sales at just 64% of 2019 levels.
June 4, 2025 at 4:35 AM
Angkor ticket sales in May were just 34% of 2019 (pre-covid) levels. While Chinese visitors account for a lot of that, stripping out the Chinese resulted in ticket sales at just 64% of 2019 levels.
Obviously a 1.8% reduction isn't ideal, and people/business will feel the impact. However much easier to absorb when your starting point is one of the highest growth rates globally @ 5.8%.
US economic and trade policy is rightly being criticised and ridiculed. Where are the adults in the room??
US economic and trade policy is rightly being criticised and ridiculed. Where are the adults in the room??
April 28, 2025 at 9:08 AM
Obviously a 1.8% reduction isn't ideal, and people/business will feel the impact. However much easier to absorb when your starting point is one of the highest growth rates globally @ 5.8%.
US economic and trade policy is rightly being criticised and ridiculed. Where are the adults in the room??
US economic and trade policy is rightly being criticised and ridiculed. Where are the adults in the room??
Their reduction of 1.8% for Cambodia is at the upper end of the range, which isn't surprising given Cambodia's dependency on the US as an export destination.
April 28, 2025 at 9:08 AM
Their reduction of 1.8% for Cambodia is at the upper end of the range, which isn't surprising given Cambodia's dependency on the US as an export destination.
As a small, open, trade dependent economy, Cambodia is highly sensitive to changes in global growth. In general, we estimate the multiplier is around 2x-4x, so the IMFs 0.5% reduction in global growth a week ago would translate to around 1% to 2% reduction for Cambodia using this rule of thumb.
April 28, 2025 at 9:08 AM
As a small, open, trade dependent economy, Cambodia is highly sensitive to changes in global growth. In general, we estimate the multiplier is around 2x-4x, so the IMFs 0.5% reduction in global growth a week ago would translate to around 1% to 2% reduction for Cambodia using this rule of thumb.
Using an 8% cost of capital, the required return or annual profit starts at $110m pa.
However the channel fees to use the Mekong, which provides more direct access to the US via Cai Mep, are just $8m pa.
It would be interesting to know where the additional revenue is going to be generated.....
However the channel fees to use the Mekong, which provides more direct access to the US via Cai Mep, are just $8m pa.
It would be interesting to know where the additional revenue is going to be generated.....
April 21, 2025 at 3:04 AM
Using an 8% cost of capital, the required return or annual profit starts at $110m pa.
However the channel fees to use the Mekong, which provides more direct access to the US via Cai Mep, are just $8m pa.
It would be interesting to know where the additional revenue is going to be generated.....
However the channel fees to use the Mekong, which provides more direct access to the US via Cai Mep, are just $8m pa.
It would be interesting to know where the additional revenue is going to be generated.....
If we're generous, and assume that the operating period is 50 years, cost over-runs are at the bottom end of global infrastructure average at just 20%, canal fees increase 3% pa, and a cost of capital is incredibly low at 5%pa, then the canal would need to make a profit for investors of $65m pa
April 21, 2025 at 3:04 AM
If we're generous, and assume that the operating period is 50 years, cost over-runs are at the bottom end of global infrastructure average at just 20%, canal fees increase 3% pa, and a cost of capital is incredibly low at 5%pa, then the canal would need to make a profit for investors of $65m pa
no different to giving a salary earner a credit card - it's unsecured, and credit limit will typically be calibrated around repayment history, salary, etc.
March 28, 2025 at 5:52 AM
no different to giving a salary earner a credit card - it's unsecured, and credit limit will typically be calibrated around repayment history, salary, etc.