Approved investment drops
Latest figures show the total value of approved investment in the Kingdom declined by more than 70 per cent in the first half of this year compared to the equivalent period a year before. Economists and officials are unconcerned, however, saying that some big projects during the previous period may have skewed the numbers. According to data from the Council for the Development of Cambodia (CDC), the total value of approved investment was just US$692 million in the period, compared to $2.92 billion during the corresponding period last year. … The breakdown by sector showed the agricultural sector had attracted seven projects worth $242 million, industry had 60, valued at $381 million, one for the service industry worth $18 million, and four for the tourism sector worth about $51 million. …
http://www.phnompenhpost.com/index.php/2012081457967/Business/big-dip-in-approved-investments.html
