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Qzone

Asia Sourcing Update (September 2017) 

Cambodia

  • Garment exports post lackluster growth in the first half of 2017
  • Sourcing costs to increase due to new worker benefit package
  • Hong Kong investors keen to set up factories in Kampong Speu

Indonesia

  • Manufacturing PMI shows modest recovery in August
  • Government launches the 16th economic package to boost investment
  • Pan Brothers to build new garment factories

The Philippines

  • GDP growth quickens in second quarter
  • Peso plummets to fresh 11-year low in mid-August
  • Government issues accreditation guidelines for garment companies

Thailand

  • Manufacturing PMI slips to the lowest level in nine months
  • Export growth target revised up to 7% for 2017
  • Plan in the pipeline to lower logistics costs

Vietnam

  • Trade deficit in January-August narrows
  • Vietnam to establish a customs bond system
  • TPP negotiators to continue discussions in Japan in late September

 

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Content provided by Fung Business Intelligence
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