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Cambodia extends financial support programmes for 3 months

26 Dec '20
1 min read
Pic: I Love Coffee dot Today / Shutterstock.com
Pic: I Love Coffee dot Today / Shutterstock.com

The Cambodian government recently extended its financial support programmes to aid the garment and textile industry, tourism sectors and poor people for three more months from January to March. This is the seventh installment of government support to both the private and public sectors, which have been severely affected by the COVID-19 pandemic.

according to a government statement, countries around the world, the government has decided to continue to provide $40 per month to workers in the garment, textile, footwear and travel product sectors for three months. Factory owners in this sector also have to pay an additional $30 per worker so that a worker gets a total of $70 per month.

The government will also continue to exempt all types of monthly taxes for hotels, guesthouses, restaurants and travel agencies registered with the general department of taxation and have business activities in Phnom Penh, Siem Reap, Sihanoukville, Kep, Kampot, Bavet and Poipet provinces for an additional three months, a Cambodian newspaper reported.

The IDPoor scheme will also continue over this period.

The ministry of finance said the government has provided approximately $175 million to more than 700,000 poor and vulnerable families till now.

Fibre2Fashion News Desk (DS)

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