Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - FDI in Kingdom levels off, says CDC

FDI in Kingdom levels off, says CDC

The Council for the Development of Cambodia said foreign direct investment into the Kingdom stayed about the same in 2014 as the year before, during a committee hearing at the National Assembly on Tuesday.

CDC secretary-general Sok Chenda Sophea said CDC-approved projects brought in $4 billion last year, similar to investments made in 2013. China led the pack as the largest investor in 2014, followed by Malaysia and Japan.

But the raising of the minimum wage along with other systemic challenges, like high electricity prices and logistical costs, would make the CDC’s attempt to attract investment harder in 2015, Chenda Sophea said.

Opposition lawmaker Pol Horm, who led the hearing, said the commission acknowledged the CDC’s efforts in increasing FDI every year, but also raised concerns about the impact of some projects, appealing to the CDC to minimise these problems.

“We are concerned about the outflow of our workforce to other countries,” he said.

0

Comments

Please, login or register to post a comment

Latest Video

Turkish Embassy calls for closure of Zaman schools

With an attempted coup against the government of President Recep Erdogan quashed only days ago and more than 7,000 alleged conspirators now under arrest, the Turkish ambassador to Cambodia yesterday pressed the govern

CNRP lawmakers beaten

Two opposition lawmakers, Nhay Chamroeun and Kong Sakphea were beaten unconscious during protests in Phnom Penh, as over a thousand protesters descended upon the National Assembly.

Student authors discuss "The Cambodian Economy"

Student authors discuss "The Cambodian Economy"

Students at Phnom Penh's Liger Learning Center have written and published a new book, "The Cambodian Economy".