Jump to content

Approved Foreign Investment Drops 43%


geovalin

Recommended Posts

 

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-/

 

 
khmer_logo.jpg
-- © Copyright Khmer Times 06/10
Link to comment
Share on other sites

...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....???

 

 

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.


  • Topics

  • Latest posts...

    1. 0

      Racism or "just" bad behavior at Pattaya City Hospital?

    2. 0

      The Guardian Steps Back from Elon Musk’s Platform X Amid Content Concerns

    3. 0

      Metropolitan Police Chief Warns of Drastic Budget Cuts Under Labour

    4. 0

      Labour’s Business Backlash: How Tax Hikes and Policy Shifts Are Straining Corporate Ties

    5. 0

      Sadiq Khan Calls Out Trump’s Racism and Extends an Olive Branch

    6. 0

      A Radical Experiment: How Elon Musk Could Shake Up Washington

    7. 0

      Iran Opens Mental Health Clinic to "Treat" Women Resisting Hijab Mandate

    8. 0

      White Orb Emerges from Ocean Near Kuwait, Sparking Intense UFO Debate in U.S. Congress

  • Popular in The Pub


×
×
  • Create New...