Singapore investment up

25 February 2013
The Phnom Penh Post
Economy and commerce / Investment / Rubber / Trade
CDC / Council for the Development of Cambodia / Intercontinental Hotel / KFC / LSH Cambodia / Ng Chor Yee / Singapore / Singaporean investment / Sofitel Hotel / Swenson’s

Total fixed assets of Singaporean investment in Cambodia last year reached $82.7 million, a 500 per cent increase from $13.8 million in 2011, data from the Council for the Development of Cambodia (CDC) show. Singaporean entrepreneurs who have already entered the Cambodian market said they expect more Singaporeans to follow. Despite the increase in investment in the country, Cambodia is still relatively new terrain for Singaporean businesses. … According to last year’s investment data, Singapore invested in rice mills, rubber plantations, and garment and plastic bag factories. The Channel News Asia’s report from February 14 said there are currently about 100 Singaporean-owned businesses in Cambodia.

http://www.phnompenhpost.com/2013022561574/Business/singapore-investment-up.html