BANGKOK - Having dodged the worst of the coronavirus pandemic so far with just 240 infections to date, Cambodia is facing structural economic headwinds.
On Aug 12, tariff exemption on about €1 billion worth of Cambodia's exports to the European Union (EU) will be withdrawn. In October, the Kingdom may also join the bloc's blacklist of countries at risk of money laundering. Cambodia's economy is projected to shrink 1.9 per cent this year.
We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. Until we resolve the issues, subscribers need not log in to access ST Digital articles. But a log-in is still required for our PDFs.