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COVID-19 fallout has left countless Cambodians struggling to repay microfinance loans and fearful of losing their land

Many Cambodian households were in a precarious position even before COVID-19 hit. By May 26, 2021 Advertisement After the end of the financial crisis in 2009, Cambodia’s economy experienced vigorous growth, with GDP growth rates reaching 7 percent or more each year. But that growth has dropped off dramatically as a consequence of the COVID-19 pandemic. Hundreds of thousands of workers in the garment and footwear manufacturing sector, as well as in transport, tourism, and construction, have been affected by a sharp recession that has brought widespread job and income losses. The shock has b...

Archaeologists report that 700,000-900,000 people lived in Cambodia’s medieval Greater Angkor region. The sprawling tropical city, which covered 3,000 square kilometers (1,158 square miles), thrived from the 9th to the 15th centuries before being abandoned, possibly due to climate change. The paper, which combines more than 30 years of data with recent airborne lidar sensing, appears in the journal Knowing the population and how it was distributed is vital for potentially helping cities now under climate pressures, says coauthor Roland Fletcher of the University of Sydney and head of the A...

| Publication date 06 April 2021 | 21:44 ICT Share The garment sector is not spared, with 129 factories shut in the past year, affecting 71,202 workers. Heng Chivoan Cambodia’s economic recovery uncertain amid Covid Tue, 6 April 2021 Phnom Penh is a capital that is bustling with economic activity, usually congested by morning and evening traffic, but has now turned quiet due to the resurgence of the Covid-19 community outbreak on February 20. Now nearly six weeks on, more and more public and private institutions are closing their doors and instead transitioning online. Meanwhile, some busi...

The Covid-19 pandemic is leading to a dramatic roll-back of economic progress across Southeast Asia. While the region managed to contain the spread of the virus better than most, the economic impact on the region has been devastating. Southeast Asia is highly integrated into the global economy, both with regard to trade and international travel. After international travel stopped almost entirely in March, the tourism and business travel sectors experienced unprecedented contraction. Many small businesses have closed permanently due to economic losses brought on by Covid-19 lockdowns and trave...