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Logo of Phnom Penh Post newspaper Phnom Penh Post - In Brief: Investment slide eases

In Brief: Investment slide eases

APPROVED investments in the Kingdom fell by a slower pace in September although over the first nine months they were still down 82.23 percent to US$1.61 billion compared to the same period last year, according to figures from the Council for the Development of Cambodia. Last month the value of projects approved by the government fell 33.38 percent year on year to $44.91 million compared to a 86.75 percent drop in August and a fall of 93.54 percent in July, figures showed. Services and tourism saw the largest annualised decline in approvals, but agriculture reversed that trend with nearly half a billion dollars in project approvals in the third quarter.

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