Shipments of goods between the Kingdom and China are declining amid the Covid-19 outbreak, according to local logistics experts
Last week, the European Commission recommended the selective withdrawal of Cambodia’s Everything-but-arms (EBA) trade status after a year-long review of the human rights and democracy situation in the Kingdom. While the EC claims that the removal “will affect selected garment and footwear products and all travelling goods and sugar”, which will cost Cambodia about $1.1 billion, the government says the real enemy to the Kingdom’s industries is the notorious COVID-19 virus. In an exclusive interview with Khmer Times, Chan Sophal, director of the Centre for Policy Studies (CPS), says both EBA and the epidemic are threatening Cambodia’s economy. The Garment Manufacturers Association in Cambodia (GMAC) has expressed disappointment at the European Commission’s (EC’s) recent decision to suspended one-fifth of the Everything But Arms (EBA) scheme awarded to Cambodia.
http://bit.ly/32hKlSi; http://bit.ly/2HLmwJl; http://bit.ly/32ntRZ1;
Singapore-listed KrisEnergy is fending off creditors on multiple fronts as the upstream oil company fights to keep its Cambodian ambitions on track.
Why the EU’s New Cambodia Wrist Slap Won’t Weaken Hun Sen’s Iron Grip
Though the move is not entirely insignificant, it pales in comparison to the other challenges the government faces and is working to address.
After passing through loose security at the entrance of WM Casino, in neon-flashing downtown Sihanoukville, the floor opens onto a dozen or so smiling women in tight black dresses, at Vegas-style, green-felt gaming tables. They deal cards in view of webcams, while on a nearby monitor, online avatars of remote gamblers appear to be placing bets.http://bit.ly/2T1CXq6; http://bit.ly/2v7Mrbh;
