Approved Foreign Investment Drops 43%

[geovalin]

 

The value of foreign investments approved by the government in the first half of this year has dropped more than 43 percent, according to the Council for the Development of Cambodia (CDC), with experts laying the blame on global and regional economic slowdowns. The latest report from the CDC, released yesterday, shows that the government approved $1.782 billion in investments, a large drop from the $3.128 billion approved during the same time last year.
 

The report does not offer explanations for this drop, but simply notes that the investment figures went to 70 projects ‒ 48 in manufacturing, three in agriculture, two in the service sector and seven to tourism projects. David Van, the managing director for Cambodia at Bower Group Asia, stressed that a reduction in foreign direct investment could be due to a global economic slowdown caused by China’s reduced GDP growth.
 

In addition, he said, regional competitors like Myanmar and Vietnam have negotiated similar market access privileges.  “Cambodia must be lot more proactive as our competitive edge is fast eroding and our Everything but Arms [arrangement] with the EU does not help much since Myanmar also has access to the same benefits,” said Mr. Van.

 

read more http://www.khmertimeskh.com/news/30443/approved-foreign-investment-drops-43-/

 

 

-- © Copyright Khmer Times 06/10

[pumpuy]

May be this is partly due to the government policy of " No Guys in , all guys out ..."

Or have I got something wrong here ...?

[ExpatOilWorker]

3 minutes ago, pumpuy said:

May be this is partly due to the government policy of " No Guys in , all guys out ..."

Or have I got something wrong here ...?

 

They do like that in Cambodia?

[williamgeorgeallen]

well they are still well behind thailand which was down 80% last year and 90% to date this year. relativity they are doing ok.

[pumpuy]

I got it wrong . I thought it is about Thailand ...Sorry

[SOTIRIOS]

...considering how many hundreds of millions...if not billions they have seized from foreigners these past 6 months.....

 

...on any convoluted pretext....

 

 

...and considering you can be misled, deceived or lied to.....then held culpable...with no recourse...

 

...is it any surprise....???

 

 

[maoro2013]

16 hours ago, pumpuy said:

I got it wrong . I thought it is about Thailand ...Sorry

Don't worry, TV changes countries at the end of the listings and is is not always very clear where the change occurs.