Phnom Penh Post - Special Reports
With the prospect of being slammed by a double whammy, the government is working on an economic recovery plan to deliver it from Covid-19 and the EU’s partial withdrawal of the Everything But Arms scheme in the next two to three years
Cambodian airlines fly low, keeping their expenses tight as they brace the period which is expected to get worse before gaining speed for a smooth climb
It’s simply a case of ‘Damned if you do, damned if you don’t!’.
The morbid effects of the coronavirus has prompted the Kingdom to cut back unnecessary spending, impose fiscal and monetary policies, and sacrifice tax revenue. But are these enough to take it through this rough period?
They say all good things must come to an end, perhaps not “the” end. A slowdown in real estate and construction credit growth, in light of the current economic landscape, might not be a bad thing.
The Kingdom’s rice sector, already challenged by climate change, survives under the throes of a symptomatic, disjointed adaptation and mitigation effort.
Cambodia's fast pace construction sector is slowing to a trundle on the back of a construction materials supply disruption from China caused by the Covid-19 outbreak.
Cambodia's construction and industry boom has forced it to move fast to meet energy demands, even if that scuppers climate mitigation efforts.
For nearly two decades, the Kingdom's gross domestic product recorded exceptional performance, buoyed by foreign investment, grant and robust exports. But Covid-19 and the partial loss of EBA could put an end to the good times.
Robust investment is changing Phnom Penh's landscape, slowly erasing the tightly-woven identity of a city ravaged by a series of wars.
It is a great pleasure to be sharing this message with the Cambodian people on the occasion of the birthday of His Majesty the Emperor of Japan.
