editor

Reforming African economies post pandemic

Reforming African economies post pandemic

4 minutos When the tourism and hospitality industries reopen their doors, will tourists and holidaymaker flock in triple and quadruple their previous numbers and will they do so long enough for the industries to stabilize and resume growth? Will air travel shake off the blow it has taken, will it be willing to pocket less profit to attract business or will it hike prices to capitalize the anticipated initial high demand post the pandemic? How individual industries will raise from the ashes of the Continue lendo

Kingdom hopes its SEZs will lure more US firms – Cambodia.

Kingdom hopes its SEZs will lure more US firms – Cambodia.

3 minutos Cambodia’s special economic zones (SEZs) are among several Asean peers that boast potential opportunities for US investors, seeking to diversify their supply chains, according to a recent report conducted by an international service firm. It said the bloc’s SEZs are playing an important role in facilitating greater trade between the region and the US through various fiscal and non-fiscal incentives, said Dezan Shira & Associates – a pan-Asia, multi-disciplinary professional services firm, providing legal, tax and operational advice to international corporate investors. Continue lendo

China’s massive Hainan free-trade port plan raises questions over global trading rules compliance, experts say

China’s massive Hainan free-trade port plan raises questions over global trading rules compliance, experts say

1 minuto While the world is dotted with free-trade and special economic zones, few are on the scale of Hainan, China’s most populous island, covering an area only slightly smaller than Taiwan, and home to more than 9 million people. Beijing’s latest attempt to reinvent the sleepy tropical island as a massive free-trade port have drawn suggestions that it is trying to replace Hong Kong as the trading entrepôt for multinational companies trying to tap the mainland’s manufacturing base or consumer market. As a World Trade Continue lendo

Special Economic Zones an engine to stimulate growth

Special Economic Zones an engine to stimulate growth

2 minutos Covid-19 has become a pandemic that has reverberated across the globe. Its associated detrimental impact on economies has been felt far and wide, with serious disruptions in global value-chains and international trade being evidenced on a daily basis. In the South African context, Covid-19 is threatening to exacerbate the already entrenched socio-economic challenges of poverty, unemployment and inequality that epitomised the country before the virus affected the world.  The Covid-19 pandemic will adversely affect the manufacturing industry in South Africa. No one Continue lendo

Why special economic zones are that so special

Why special economic zones are that so special

1 minuto Khmer Times’ Sok Chan spoke to Hiroshi Uematsu, chief executive officer of Phnom Penh SEZ, on the role of the special economic zone to attract investment, especially from the manufacturing sector. We focused from creating decent jobs and promoting technical transfers to boosting exports into and out of the Kingdom; especially, exports amid the outbreak of the COVID-19 pandemic. KT: How important are the roles of special economic zones (SEZs) in promoting Cambodia’s export processing industry? Uematsu: Special economic zones can play a Continue lendo