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Malaysian businesses investing heavily in Cambodia

Malaysian businesses have made up a third of foreign investment projects

in Cambodia by value according to figures just released by the Cambodian Development

Council.

From 1994-98, the CDC approved 732 projects of foreign investments in Cambodia, with

proceeds of $5.3 billion. Almost 35% of this amount is Malaysian investment, according

to Mr. Sok Chenda, secretary general of the CDC.

He said most Malaysian companies are investing in services, including hotels, airports,

telecommunications and agriculture.

In general, from 94 to 97, he said, 50% of all investments have become operational,

adding that in 1998 this figure reached 65%. He reasoned that the percentage is getting

higher because more investors applying for operating licenses are actually going

ahead with them.

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