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Cambodia takes over Thailand-run air traffic control firm as row deepens

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Cambodia has taken over the running of the country’s Thai-owned air traffic control firm, in a deepening row between the two neighbouring countries. Cambodia also barred all Thai employees from turning up for work and put a Cambodian national in temporary charge.

The move comes a day after a Thai engineer working for the firm in Phnom Penh was formally charged with spying.

Cambodia has refused to extradite Mr Thaksin (Right) to Thailand, and has hired him as economic adviser

Cambodia has refused to extradite Mr Thaksin (Right) to Thailand, and has hired him as economic adviser

It is said he passed on details of last week’s flight to Cambodia by former Thai Prime Minister Thaksin Shinawatra.

Mr Thaksin, who is wanted in Thailand to serve a jail sentence for corruption, spent five days in Cambodia in his new role as an economic adviser.

via BBC News – Cambodia takes over Thailand-run company as row deepens.

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Asean

CLMV economies Outlook by EIC Q1/2021

Within the region, Vietnam’s economy is projected the fastest growth due to ongoing strong exports performance for electronics products and a resilient domestic economy.

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The global recession and COVID-19 pandemic heavily affected CLMV economies in 2020, resulting in major slowdown in Vietnam and Myanmar whereas Laos and Cambodia faced economic contractions from additionally specific negative factors.

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Cambodia

CLMV’s economic growth crashes to two-decade low due to COVID-19

The COVID-19 crisis has caused the rate of economic growth in the CLMV bloc to be at its lowest in two decades, the CLMV economies could grow at 3.4 percent this year

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The COVID-19 pandemic is having a negative impact on CLMV economies through their dependency on foreign-sourced revenue from tourism and exports says KResearchCenter.

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