Cambodia Real Estate Could Benefit From QE3
Cambodia’s highly dollarized economy could benefit from a rush of foreign capital into Asia unleashed by the U.S. Federal Reserve’s latest economic stimulus, unlike some of its Asian neighbors, as it lifts demand for real estate and garment exports in the developing country, a senior official at the country’s central bank said. … If money from the third round of quantitative easing “turns into capital flows into Asian economies, it wouldn’t have too much impact in terms of hot money coming into Cambodia,” Nguon Sokha, director general at the National Bank of Cambodia, said in an interview Wednesday. …
http://online.wsj.com/article/SB10001424127887323894704578106160673901682.html?mod=googlenews_wsj
