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Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Chinese President Xi Jinping Affirms Cambodia's Role as a Key Partner in China’s Diplomatic Strategy | Xi Jinping Concludes State Visit to Cambodia, Strengthening Bilateral Ties | Chinese President Xi Jinping Concludes Successful State Visit to Cambodia | Chinese Ambassador: US-China Trade Tensions Harm Developing Nations; President Xi Urges Investment in Cambodia and Expanded Market Access | Japanese Maritime Self-Defense Force Ships Bungo and Etazima Dock at Ream Sea Base for Four-Day Visit | Prime Minister Hun Manet Expresses Displeasure Over Criticism of Chinese Investments During Kampot International Tourist Port Inauguration | Asian Development Bank Collaborates with Cambodia on New Development Projects Worth Over $1 Billion |

Sharp Drop in Remittances from Cambodia’s Migrant Workers

  • Posted Jun 4, 2021 16:09 by Lundy
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Phnom Penh: 4 June 2021: The pandemic appears to have hit Cambodia’s migrant workers hard. The National Bank of Cambodia says the country received $1.2 billion in remittances from migrant workers last year. That’s a 17% drop from the $1.5 billion reported in 2019.

All major sources of remittances to the Kingdom reported a drop in transactions. Malaysia’s was the biggest at 51%. South Korea reported a 30% drop, with Thailand and Japan reporting decreases of 11% and 4% respectively.

According to the National Bank, the pandemic has played havoc with economic activity and businesses, reducing demand for labour. In a statement it says: “Many Cambodian migrants returned home, and only a small number of new migrants were allowed to migrate during the pandemic. The number of Cambodian migrant workers in 2020 was 1.2 million, which was an eight per cent decrease from 1.3 million migrants in 2019.”

According to reports, there are approximately one million Cambodians who receive remittances from their migrant worker relatives abroad. The drop in the number of transactions means many of them have not been receiving the money they rely on.

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