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Asia Sourcing Update (November 2017)

Cambodia

  • Minimum wage for garment and footwear workers to rise to US$170 per month
  • GMAC pushes for including footwear under the US GSP
  • Contentious labour legislations to be removed

Indonesia

  • FDI inflows in the third quarter accelerate
  • Kohler builds new factory in West Java
  • Indonesia and Chile to conclude trade talks in November

The Philippines

  • Inflation climbs to five-month high in September
  • High cost of doing business and lack of incentives prompt South Korean manufacturers to leave the country
  • Daily minimum wage in Metro Manila rises by 21 pesos

Thailand

  • Exports in September rise to record high
  • New Customs Act to come into effect in November
  • General election to be held in November 2018

Vietnam

  • Exports increase 20.7% yoy in the first ten months of the year
  • GDP growth reaches record high in the third quarter
  • Danish sportswear manufacturer Spectre opens factory in Nam Dinh

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Content provided by Fung Business Intelligence
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