Cambodian economy posts strong growth in 2006
The Cambodian economy once again enjoys a strong growth rate of 6.8 percent in 2006, thanks to the pour in of foreign aid and project loans, the kingdom's major Chinese newspaper Sin Chew Daily said Saturday.
The foreign aid and loans facilitated the burgeoning infrastructure construction, said the paper while listing the top 10 economic and financial news of Cambodia in 2006.
Besides, real estate, garment production and tourism also boom, which used to constitute the three main pillars of the national economy, it added.
Source: Xinhua
The foreign aid and loans facilitated the burgeoning infrastructure construction, said the paper while listing the top 10 economic and financial news of Cambodia in 2006.
Besides, real estate, garment production and tourism also boom, which used to constitute the three main pillars of the national economy, it added.
Source: Xinhua
2 comments:
Vietnam...Hun Sen.... CPP...
The growth of 6.8% is not a lot for the Cambodia's small GDP and in the developing country. The economy could have grown much more if the environment is free from corruption with the respect for rule of law. Ethical investors would not invest in Cambodia. To them it is not fair playing field to compete in an atmosphere where corruption rampant and everyone is above the law. These ethical companies are the one that benefits Cambodia the most; because they tend to see thing in long run which in turn keep Cambodians trained and employed for many years to come.
Right now, you are only the see the unethical so called investors or the cut and run investors in Cambodia. These kind of investors they come in not for mutually benefits, but rather to exploit our people, environment. They pay brides; do in whatever ways they see fit to make quick big profits and leave the country. Some others come to Cambodia to find sanctuary from the crimes they committed in their country.
To have a government of Cambodia who thinks pretty much the same way, it is perfect fit for them to strive. Thanks to HUN SEN and CPP for making this possible!!
I can tell you; I am ashame of my government. I never seen any governments in this world besides North Korea are suppressing/exploiting their own people to live in such hard lives and they are still don't get it.
Eventually, we all will die anyways; let it be the one with dignity and means of life. We will bring nothing with us, but perhaps we can leave some legacies.
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