On April 9, the Cambodian government declared an inter-province travel ban fearing garment workers would defy the order to visit their hometowns during the Khmer New Year.
Informal financial service providers have been a traditional source of unregulated, and pricey, debt for Cambodians, even with the more recent proliferation of profit-making microfinance institutions.
The findings demonstrated that there were some 2.4 million Cambodian borrowers at the start of 2019, holding a total debt of $8 billion.
Before the pandemic, the six-year-old company Samai Distillery was producing rum for the local and international markets.
The last two months have seen the tourism sector, as well as informal workers and small family-run businesses, bear the brunt of this virus-induced economic distress.
Even though they have escaped an ordered shutdown, restaurants and eateries, both small and big, are finding it hard to attract customers, many of whom are staying or working from home to ride out the pandemic.
Ken Loo, secretary-general of GMAC, said all factories were facing the effects of the global economic slowdown, especially because buyers had suspended orders.
While dozens of business owners have closed their shops in Phnom Penh as a way to limit the chances of infection, others cannot afford to do so.
The Sesan II dam was highly controversial and a leaked government-commissioned study had warned of a devastating impact on the Mekong’s fisheries and ecosystem.
The Dow Jones Industrial Average shot up 1,352 points, a 6 percent gain. The S&P 500 and NASDAQ also climbed 6 percent.
The United States increased its imports from Vietnam by 36% last year for a total value of $67 billion, which is the highest increase in a single year since 2003, according to statistics from the U.S. Census Bureau.
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