Approved investment triples
In the first six months of 2013, the total amount of government-approved investment in Cambodia jumped more than 200 per cent year-on-year, according to the most recent statistics from the Ministry of Economy and Finance.
Released on Friday, the numbers show that $2.3 billion was earmarked for projects, compared with $692 million in the first half of 2012.
Of the 68 projects that received funds, 36 were in the garment and textile industry, which attracted $200 million. The construction sector accounted for the majority of investment, bringing in nearly $2 billion.
Hiroshi Suzuki, chief economist at the Business Research Institute for Cambodia, said the jump is a product of mega-investments taking place inside the six-month period. …
May Kunmakara
http://www.phnompenhpost.com/business/approved-investment-triples
