The current minimum wage is $190 a month for 2020, up from the $182 workers were paid per month in 2019.
From 2016 to August 2019, Chinese inflows of investment into Sihanoukville peaked at about $2 billion, according to the Cambodian Development Council.
Suppliers cannot pay their workers, and with brands canceling orders, union workers VOA Khmer spoke to have called on buyers to stay with them during challenging times.
The European Union has said that the release of opposition leader Kem Sokha and the reinstatement of the CNRP were incumbent to preventing a trade privileges suspension.
Workers and unionists were quick to reject this move and said they were already facing a loss of salary on account of a large number of factories suspending production and that they needed these indemnity payments to try and sustain their households.
In a press release, the National Bank of Cambodia (NBC) said it would phase out the $1, $2, $5 bills, while pushing for the use of the Cambodian riel. The statement was released after a meeting with bank and MFI representatives.
It projected that the coronavirus pandemic-induced slowdown had affected three of Cambodia’s economic engines – tourism, manufacturing exports, and FDI inflows.
Interior Minister Sar Kheng last month raised concerns over the livelihood prospects of these migrant workers, suggesting they could slip back into poverty.
For the last two months, Cambodia’s most popular tourist destination, and home to the Angkor Archaeological Park, has felt the effects of the viral outbreak that has decimated the global travel industry.
The Boeun family is experiencing an array of socio-economic challenges faced by many Cambodian families and these hardships are more apparent in the wake of the novel coronavirus pandemic.
The Cambodia Microfinance Association (CMA) said Wednesday they had provided some form of relief to 118,000 borrowers, amid the novel coronavirus-induced economic slowdown, though providing little detail of the actions taken.
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