Ambition Trumps Reality in Investment Figures

Since 2008, a whopping $28 billion worth of investments has been pledged by local and international firms looking to set up lux­ury hotels, a new airport and even Cam­­bo­dia’s first horse racing venue. But a closer look at the list of in­vestments approved by the Cam­bodian Investment Board (CIB)—a figure often trumpeted by officials to demonstrate the health of the Cam­bodian economy—re­veals how many of those investments have ei­ther stalled, or stopped completely. … Asian Development Bank senior country economist Peter Brimble said the total investment figures for each year should be treated with caution since they were “purely approvals.” …

http://www.cambodiadaily.com/business/ambition-trumps-reality-in-investment-figures-9387/