Looking for a flood of investment
Cambodia’s Commerce Minister Cham Prasidh said foreign investors with production bases in Thailand ought to consider Cambodia for future expansion because of the Kingdom’s greater resistance to floods.
Speaking at Phnom Penh Honda’s 20th anniversary yesterday, the Commerce minister said that while Cambodia faces floods each year, the floods did not seriously affect most factories and industries. …
The Cambodian government spent about US$200 million for the rehabilitation of infrastructure hit by the floods last year. Cambodia has set aside $90 million for 2012 from the national budget against the possibility of flooding.
