Xinhua
Approved investment by Cambodian companies in the Kingdom was up 30 percent to 223 million U.S. dollars in the first half of the year compared with the same period last year, the Phnom Penh Post reported on Wednesday, citing latest figures.
The Council for the Development of Cambodia (CDC), the government's investment arm, said the figure for the first six months of 2008 was 172 million U.S. dollars.
Yun Heng, deputy director at the evaluation and incentive department at the Cambodian Investment Board (CIB), which is an arm of the CDC, said one reason behind the increase was greater local confidence in the stability of the Cambodian political environment.
Another reason cited is the increased sophistication of domestic investors, meaning that they are more confident about pursuing potential opportunities that present themselves.
"The growth in investment that we are seeing is (up and down) like a wave, and we are yet to enjoy stable growth," he said.
Yun Heng said most investment went into the tourism sector as investors put cash into projects, including hotels and guesthouses.
The president of the Cambodian Hotel Association, Luu Meng, said those opportunities had come about because construction materials had become cheaper and because more people are entering the hospitality industry, resulting in a stronger pool of workers.
"The result is that investment in the hotel sector by Cambodians is today worth more than hotel investment from overseas, " Luu Meng said, referring to the report's finding that total external and internal investment in the tourism sector for the first half of the year stood at 354 million U.S. dollars.
The Council for the Development of Cambodia (CDC), the government's investment arm, said the figure for the first six months of 2008 was 172 million U.S. dollars.
Yun Heng, deputy director at the evaluation and incentive department at the Cambodian Investment Board (CIB), which is an arm of the CDC, said one reason behind the increase was greater local confidence in the stability of the Cambodian political environment.
Another reason cited is the increased sophistication of domestic investors, meaning that they are more confident about pursuing potential opportunities that present themselves.
"The growth in investment that we are seeing is (up and down) like a wave, and we are yet to enjoy stable growth," he said.
Yun Heng said most investment went into the tourism sector as investors put cash into projects, including hotels and guesthouses.
The president of the Cambodian Hotel Association, Luu Meng, said those opportunities had come about because construction materials had become cheaper and because more people are entering the hospitality industry, resulting in a stronger pool of workers.
"The result is that investment in the hotel sector by Cambodians is today worth more than hotel investment from overseas, " Luu Meng said, referring to the report's finding that total external and internal investment in the tourism sector for the first half of the year stood at 354 million U.S. dollars.
Democratic Kampuchea Pol Pot Khmer Rouge Regime had committed:
ReplyDeleteTortures
Executions
Massacres
Atrocities
Crimes Against Humanity
Starvations
Overwork to Death
Slavery
Rapes
Human Abuses
Assault and Battery
Cambodian People's Party Hun Sen Khmer Rouge Regime had committed:
Assassinations
Assassinate Journalists
Assassinate Political Opponents
Murders
Killings
Extrajudicial Execution
Grenade Attack
Terrorism
Drive by Shooting
Tortures
Intimidations
Death Threats
Threatening
Human Abductions
Human Rights Abuses
Human Trafficking
Drugs Trafficking
Under Age Child Sex
Corruptions
Bribery
Illegal Mass Evictions
Illegal Land Grabbing
Illegal Firearms
Illegal Logging
Illegal Deforestation
Illegally use of remote detonation on Sokha Helicopter, while Hok Lundy and others military official on board.
Illegally Sold State Properties
Illegally Remove Parliamentary Immunity of Parliament Members
Plunder National Resources
Acid Attacks
Turn Cambodia into a Lawless Country
Oppression
Injustice
Steal Votes
Bring Foreigners from Veitnam to vote in Cambodia for Cambodian People's Party.
Abuse the Court as a tools for CPP to send political opponents and journalists to jail.
Abuse of Power
Abuse the Laws
Abuse the National Election Committee
Abuse the National Assembly
Violate the Laws
Violate the Constitution
Violate the Paris Accords
Impunity
Under Cambodian People's Party Hun Sen Khmer Rouge Regime, no criminals that has been committed all of these crimes above within Hun Sen Khmer Rouge government have ever been brought to justice.