Friday, 12 December 2008
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Ry Srei Ya, 17, talks on her mobile phone on the Phnom Penh riverside this week. (Photo by: Heng Chivoan)
Friday, 12 December 2008Written
by Sam Rith The Phnom Penh Post
Local retailers say they are feeling the effects of the global economic crisis as traditionally robust sales of luxury mobile phones, vehicles decline
AS OFFICIALS and international analysts scramble to assess the local impact of the global economic crisis, retailers in Phnom Penh say sales of high-end mobile phones, automobiles and motorbikes have plummeted as the capital's middle classes tighten their belts.
Luxury mobile phone sales - a largely youth-driven economic indicator - have dropped substantially as more people do without or settle for cheaper models.
"This year's sales at my shop have dropped 70 percent compared to last year," said Heng Vantha, owner of Asia Phone Shop in Phnom Penh.
Average sales used to be about 15 phones per day, she said. Now she moves only about two or three per day - mainly inexpensive models.
19:56
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