No Cause for Concern – Experts not worried about decrease in fixed-asset investment
At first glance, the numbers indicate Cambodia’s investment climate has grown a little colder. Conditions appear to be worse than they were a year ago due to a big drop in total fixed assets for approved investment projects. However, economists say the Cambodia outlook is actually pretty rosy thanks to an overall increase in the number of investment projects this year. Last year’s number was misleading, they say, thanks to one very large project that skewed the data. The amount of total fixed assets of the projects approved in the first six months of this year fell to US $692 million from US $2.9 billion in the same time period in 2011, according to the data from the Council for the Development of Cambodia (CDC). … According to the CDC, there were 60 projects approved in the industrial sector in the first half of this year, 15 more than over the same period in 2011, largely due to garment and textile investment. Four tourism projects were approved from January through June. …
