With a new wage rise about to take effect, the Cambodian clothing and footwear industries need to boost productivity and reduce costs if they are to remain competitive in global markets, a Singaporean research firm has said.
According to a report from ASEAN+3 Macroeconomic Research Office (AMRO) released in December, Cambodian factory owners should now endeavour to improve efficiency at their facilities, with the public sector doing its part in improving logistics infrastructure and reducing the cost of electricity, before the latest wage increase comes into effect.
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