Author: Tronserve admin
Monday 2nd August 2021 10:12 AM
Cambodia Small Businesses Seek for Government’s Help
Cambodia’s small businesses are experiencing the economic punch of the ongoing COVID-19 pandemic, causing them to seek help from the government.
Business institutions and organizations working with the micro companies have backed the call. These include the Independent Democracy of Informal Economy Association (IDIEA), which said that while a full assessment of the financial impact on the sector has not yet been made, income streams have dropped substantially, and many workers are facing job suspension.
Official economic impact assessments have yet to be done on small businesses at a national level in order to understand the measures necessary in response to the Covid-19 impacts. “We estimate a decline of around 70 percent,” said Vorn Pov, president of IDIEA. He further said that the association learned a gradual decline of their incomes throughout the country.
The government has put relief packages in place to help to ailing garment and tourism sectors which includes paid leave for workers on enforced leave. However, no such aid has yet been offered for small businesses in the country.
Pov further mentioned that the association would like the government to look at the small business sector in the same way since the impact is spreading across all industries. The association, in a corporate effort, is currently planning to submit a formal letter of request to the government for relief packages for SMEs. The Cambodia Food and Service Workers’ Federation is reporting the same sentiment. Noting that workers in the food and leisure sector will see their livelihoods severely affected.
In the meantime, the Government has issued an order to the public to practice social distancing measure in order to avoid possible transmission of the deadly virus. Many schools, cinemas and other huge establishments have been temporarily stopped operating until the situation gets better.