Cambodia’s garment manufacturers’ group urges landlords to slash rental fees to offset COVID-19 impact

The Garment Manufacturers Association in Cambodia (GMAC) on Friday urged landlords, who lease premises to garment, footwear and travel bag factories, to consider lowering their rental fees by at least 30 percent in order to help mitigate the impact of COVID-19.

GMAC said in a letter that the garment, footwear, and travel bag industry is one of the industries that has been hit hardest by the COVID-19 pandemic in Cambodia, and the suffering was expected to be exacerbated.

The letter said 180 factories have so far suspended their production while the other 60 factories will suspend their production, and the suspensions underscore the inability to cover the factory’s costs as their incomes plummet.

In full: http://www.xinhuanet.com/english/2020-05/08/c_139041466.htm

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