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/