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Logo of Phnom Penh Post newspaper Phnom Penh Post - SRP oppose draft compensation law

SRP oppose draft compensation law

The Sam Rainsy Party (SRP) has criticized a

draft law proposed by the government to provide a guarantee of compensation to

two Chinese companies that will invest in hydroelectricity in Cambodia. SRP MP

Son Chhay said no parliament should be forced to approve a law to provide

compensation if a company's investment encountered problems. Chhay said all that

was needed was an agreement between the parties involved. But Chiem Yeap, the

chairman of the finance, economy, and banking committee of the National

Assembly, said the law was necessary. "It is the duty of the state to guarantee

so that it provides confidence to the foreign investors, and for them to invest

in Cambodia," he told local media.

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