Washington, D.C Friday, 24 September 2010
“In the year 2010, there is a great impression that long-term investment is the most important need for the economy, as well as local people.”
Cambodia may still be facing some challenges from the global financial crisis, but it has recently shown some good trends, especially in long-term investment, a leading economist said Thursday.
“In the year 2010, there is a great impression that long-term investment is the most important need for the economy, as well as local people,” said Kang Chandararoth, president of the Cambodia Institute for Development Study, as a guest on “Hello VOA.”
That would include investment in mining, power and infrastructure, he said.
Thinking has shifted away from a recent attitude of short-term investment and quick money, he said.
Cambodia’s main earners continue to be tourism, construction, agriculture and manufacturing. Earlier this year, the IMF predicted a 5 percent economic growth rate for 2010.
Kang Chandararoth advised farmers to not only cultivate for subsistence, but to consider the needs of the marketplace.
5 comments:
What long term! ah kwack Hun Xen can not remember what he said an houre ago!
Cambodian investment atmosphere is not conducive for long-term investment, too corrupted.
Cambodian market is too infected with the illness call corruption.
Cambodia is a country whose culture is entrenched with corruption. Habitual kleptomaniac officials keep the country from being developed for a very long time.
Hun Sen has no vision for development. He runs Cambodia into the ground; sell out whatever he can sell and who buy them, piece by piece? Vietnam. Drive Khmers into misery and desperation by seizing their land while pocketing the cash. Push majority Khmers into slavery and desperation, creating mass prostitution, low class citizen. The ultimate objective is to enable youns to move behind the scene to complete Ho Chi Minh's dream by Vietnamizing our country in its entirety. With a ratio of population 10 to 1, Cambodia is at high risk of being run over soon enough. Thanks in part to Hun Sen and those who continue to blindly support Ho Chi Minh's vision - Vietnamization of Khmer lands.
Hun Sen is a Khmer destroyer .He signs anythings to Viet to be in power. The Viet are looters,squatters, land grabbers,thieves since 1970 and up to now. Wake up Khmer people !
Ah kwack has no brain!
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