Investment in Cambodia nearly doubles in 2017

Construction projects on Phnom Penh's Diamond Island. Heng Chivoan

Hor Kimsay | The Phnom Penh Post
Publication date 07 March 2018 | 14:15 ICT

Investment in Cambodia nearly doubled to $6.3 billion last year, up from $3.6 billion in 2016, an official at The Council for the Development of Cambodia (CDC) said today.

The remarks came at a Cambodia-China Business Forum in Phnom Penh, organised by the UN’s Industrial Development Organization, which brought more than 50 Chinese business delegates from 20 companies to Cambodia today to promote further investment.

“In five straight years, from 2013 to 2017, China was Cambodia’s largest foreign direct investor, with investment capital of $5.3 billion, or about $1 billion annually,” said Nut Unvoanra, deputy secretary general of the Cambodia Investment Board at the CDC.

“[Chinese’s investment] has been growing and will continue to grow in Cambodia in many sectors such as banking, industry and infrastructure,” he added.

In 2016, China surpassed Cambodia itself to become the largest source of investment capital in the Kingdom, according to figures from the CDC.

No new agreements or investment announcements were made immediately following today’s event.

Comments

Rainsy’s vow of ‘autonomy’ for ethnic group sets off treason probe

A screenshot of a video showing former opposition leader Sam Rainsy (right) at an event in the United States in 2013 with Degar activist Kok Ksor. Photo supplied Niem Chheng and Ananth Baliga | The Phnom Penh Post Publication date 08 March 2018 | 06:45 ICT The Interior Ministry said it will investigate documents and a video from 2013 that resurfaced yesterday showing former opposition leader Sam Rainsy committing to upholding the rights of ethnic minorities in four northeastern Cambodian provinces, with a Justice Ministry spokesman saying it qualified as “treason”. The material was released on government mouthpiece Fresh News and pertains to an April 2013 meeting in the United States between Rainsy, at the time the exiled president of the Cambodia National Rescue Party, and Kok Ksor, the head of the Montagnard Foundation Inc. Ksor started the foundation to oppose discrimination faced by the Degar community in Vietnam, who are also known as the Montagnards. Degar is an umbrella term for...

kethya sean «គុកត្រពាំងផ្លុង»និពន្ធទំនុកច្រៀងដោយអ្នកស្រី ជិនលី

#Kethya.sean 07 03 18 សួស្តីប្រិយមិត្តជាទីរាប់អាន!! សូមជូនបទ«គុកត្រពាំងផ្លុង» និពន្ធទំនុកច្រៀងដោយអ្នកស្រី ជិនលី ច្រៀងដោយនាងខ្ញុំ កេត្យាស៊ាន នាងខ្ញុំសូមថ្លែងអំណរគុណដល់ការគាំទ្ររបស់លោកអ្នក សូមឲ្យលោកអ្នកនឹងក្រុមគ្រួសារជួបតែសំណាងល្អ នឹងសេចក្តីសុខសេចក្តីចំរើនតរៀងទៅ នាងខ្ញុំស៊ាន កេត្យាសូមអរគុណនឹងសូមគោរពលា ជួបគ្នានូវវិដេអូក្រោយៗទៀត៕

Holocaust Museum rescinds Elie Wiesel Award to Nobel winner Aung San Suu Kyi

Aung San Suu Kyi was for decades Myanmar's symbol of democracy but has come under heavy criticism for her refusal to stand up for the Muslim Rohingya. (AFP/THET AUNG) The Washington Post, March 7, 2018 The U.S. Holocaust Memorial Museum announced Wednesday that it is rescinding the Elie Wiesel Award — its highest honor — it gave in 2012 to Aung San Suu Kyi, the Burmese political leader and Nobel laureate, saying military crimes against the Muslim Rohingya minority “demand that you use your moral authority to address this situation.” The Muslim Rohingya minority of Burma. image BBC The announcement, posted on the museum’s website, comes as calls are becoming louder and louder for Suu Kyi, once a towering human rights hero, to speak out. She is seen as the power behind President Htin Kyaw, a close friend and ally. Prevented by Burmese law from running for political office, she holds the title of state counselor and foreign minister. The museum posted its March 6 letter to Suu Kyi, se...

NewsAsianSport

Search This Blog