Cambodia poised to be big Covid-19 loser

[geovalin]

Kingdom has relatively few virus cases and deaths but pandemic’s impacts could be fatal to the economy

 

Cambodia, despite reporting fewer coronavirus cases than most of its neighbors, could be among the region’s biggest Covid-19 losers due to economic and financial contagion effects.

 

The country’s most crucial business sectors, including tourism and garment manufacturing, have ground to a virtual halt since the pandemic first emerged in China in January and thereafter spread worldwide.

 

Cambodia’s tourism industry, which usually contributes around one-third of gross domestic product (GDP), is now dead in the water due to the lack of mainly Chinese tourists, who make up the bulk of visitors.

 

read more https://asiatimes.com/2020/05/cambodia-poised-to-be-big-covid-19-loser/

[ChrisY1]

Hun Sen et al don't care....they'll soon be going to Cyprus.....when the treasury is empty!

[phantomfiddler]

What I don,t understand is that western countries appear to be the most affected places (if the media is to be believed) yet the numerically safer Asian countries seem to be taking the greater economical hit ???? Probably because the tourist dollar represents a greater proportion of the nation,s income than in the western world ?

[BritManToo]

Guys, open your borders, I'm ready to come and spend some of my money right now!

[adammike]

15 minutes ago, phantomfiddler said:

What I don,t understand is that western countries appear to be the most affected places (if the media is to be believed) yet the numerically safer Asian countries seem to be taking the greater economical hit ???? Probably because the tourist dollar represents a greater proportion of the nation,s income than in the western world ?

Nobody is buying stuff in the western world so all the stuff that Cambodia produces in their garment/stuff factory's is not wanted.The countries that produce stuff take the hit.

[tribalfusion001]

29 minutes ago, phantomfiddler said:

What I don,t understand is that western countries appear to be the most affected places (if the media is to be believed) yet the numerically safer Asian countries seem to be taking the greater economical hit ???? Probably because the tourist dollar represents a greater proportion of the nation,s income than in the western world ?

The clothing retailers in the UK are not selling their summer collections and have cancelled orders, this has led to 4 million people in Bangladesh losing their jobs. The knock on effect from western lockdowns is far reaching and trickles down the chain.

[steven100]

Borders will be re-open again in the near future and hopefully the economy will pick up in both Cambodia & Thailand.

[Burma Bill]

20 minutes ago, BritManToo said:

Guys, open your borders, I'm ready to come and spend some of my money right now!

You will be made very welcome once borders open. Here in Siem Reap, many bars and restaurants open. No ban on alcohol. No lock-downs or curfews. Face masks not mandatory. Yes, many of the big "tourist" outlets are closed in Pub Street (no tourists) but there is plenty of enjoyment and entertainment for the Khmer locals, us ex-pats and "stranded" tourists. Freedom to wander within City limits!!

[steven100]

5 minutes ago, tribalfusion001 said:

The clothing retailers in the UK are not selling their summer collections and have cancelled orders, this has led to 4 million people in Bangladesh losing their jobs. The knock on effect from western lockdowns is far reaching and trickles down the chain.

so Best & Less in Australia will not be putting in new orders for Bangladesh clothing for some time ....  essentially thousands upon thousands have lost jobs both in Aussie stores, shipping, Bangladesh factories. 

[BritManToo]

Just now, Burma Bill said:

You will be made very welcome once borders open. Here in Siem Reap, many bars and restaurants open. No ban on alcohol. No lock-downs or curfews. Face masks not mandatory. Yes, many of the big "tourist" outlets are closed in Pub Street (no tourists) but there is plenty of enjoyment and entertainment for the Khmer locals, us ex-pats and "stranded" tourists. Freedom to wander within City limits!!

I was there the day before they closed the borders, there was a late night live band in the middle of Pub street, and I was the only foreigner amongst the freelancers and ladyboys, 50c/glass beer served at the tables as well. I can't wait to get back!

[kingdong]

15 minutes ago, tribalfusion001 said:

The clothing retailers in the UK are not selling their summer collections and have cancelled orders, this has led to 4 million people in Bangladesh losing their jobs. The knock on effect from western lockdowns is far reaching and trickles down the chain.

And most people seem to be in denial of the fact.

[Burma Bill]

1 hour ago, ChrisY1 said:

Hun Sen et al don't care....they'll soon be going to Cyprus.....when the treasury is empty!

Rubbish. The authorities here in Cambodia are taking the coronavirus seriously and plans are being made to revive the economy - just like other nations!

[kingdong]

52 minutes ago, phantomfiddler said:

What I don,t understand is that western countries appear to be the most affected places (if the media is to be believed) yet the numerically safer Asian countries seem to be taking the greater economical hit ???? Probably because the tourist dollar represents a greater proportion of the nation,s income than in the western world ?

The tourist input is very important to a countries finances,not that one would think so in Cambodia with its 30 usd visa charge and the way tats  been performing.

Edited May 13, 2020 by kingdong

[kingdong]

5 minutes ago, Burma Bill said:

Rubbish. The authorities here in Cambodia are taking the coronavirus seriously and plans are being made to revive the economy - just like other nations!

Cambodia has a proud tradition of looking after their people you,'ve only got to look back to the 70s to see that.

[kingdong]

20 minutes ago, steven100 said:

Borders will be re-open again in the near future and hopefully the economy will pick up in both Cambodia & Thailand.

Don,t hold your breath,it,'ll take a long time for tourists confidence to return,and when it do,es the world will be in recession.

[Burma Bill]

3 minutes ago, kingdong said:

Cambodia has a proud tradition of looking after their people you,'ve only got to look back to the 70s to see that.

Quote:- (from Cambodia News)

 

The Planning Ministry has asked all provincial authorities to collect numbers and identify poor families so that the government doles them support amid coronavirus pandemic. Minister Chhay Thorn said on Monday during training session for Kep officials to identify the impoverished in their villages that the poor will receive aid.

[tribalfusion001]

10 minutes ago, kingdong said:

And most people seem to be in denial of the fact.

The economic outlook is bleak, just been reading about the UK and EU this morning. Countries in Asia that rely on tourists are going to find it hard and countries that manufacture clothing will find it hard. I said at the start that these lockdowns were ecomonic suicide, well, one country seems to be doing better than most!

[scubascuba3]

1 hour ago, Burma Bill said:

You will be made very welcome once borders open. Here in Siem Reap, many bars and restaurants open. No ban on alcohol. No lock-downs or curfews. Face masks not mandatory. Yes, many of the big "tourist" outlets are closed in Pub Street (no tourists) but there is plenty of enjoyment and entertainment for the Khmer locals, us ex-pats and "stranded" tourists. Freedom to wander within City limits!!

Are the virus numbers legit? they look questionably low

[steven100]

1 hour ago, kingdong said:

And most people seem to be in denial of the fact.

agree 100% .... i'm amazed that governments continue to give BS numbers about unemployment ...

they say in Australia unemployment may reach 10% .....  what absolute garbage they spew ....

In reality .... try 14-16 %  and possibly higher toward the second half of 2020.  The fact is that it affects thousands upon thousands down the line .... that runs into millions eventually. 

The world has hit a bump in the road and it won't come back anytime soon ..... just too many with no money and the population is so high everywhere that there will never be enough jobs .... and if no one has any money to spend then ..no customers, no business, no jobs.  

[RikPOP]

1 hour ago, kingdong said:

Cambodia has a proud tradition of looking after their people you,'ve only got to look back to the 70s to see that.

Ever heard of the Khymer Rouge genocide 1975-79 ...looks like that was in 70's.

[NotYourBusiness]

17 minutes ago, RikPOP said:

Ever heard of the Khymer Rouge genocide 1975-79 ...looks like that was in 70's.

I am guessing you missed the irony dripping from his post.

[kingdong]

4 hours ago, RikPOP said:

Ever heard of the Khymer Rouge genocide 1975-79 ...looks like that was in 70's.

Oh my buddha

[kingdong]

5 hours ago, scubascuba3 said:

Are the virus numbers legit? they look questionably low

They always seem to be in oppressed countries

[hotchilli]

21 hours ago, geovalin said:

The country’s most crucial business sectors, including tourism and garment manufacturing, have ground to a virtual halt since the pandemic first emerged in China in January and thereafter spread worldwide.

 

Cambodia’s tourism industry, which usually contributes around one-third of gross domestic product (GDP), is now dead in the water due to the lack of mainly Chinese tourists, who make up the bulk of visitors

I hope the country rises and kicks Hun Sen out, he has a lot to answer for, cosying up to China being the main issue.