Logo of Phnom Penh Post newspaper Phnom Penh Post - Investment slid 35pc

Investment slid 35pc

Investment slid 35pc

THE flow of direct foreign investment into Cambodia declined 35.2 percent last year, according to the central bank’s annual report released late Monday. FDI fell to US$514.7 million last year, from $794.7 million in 2008, the report said. Garment factories, the tourism industry and the telecoms sector saw notable investment falls in FDI, the report added. The study follows data, released by the Council for the Development of Cambodia last week, which noted that the total amount of approved investment coming into the Kingdom fell an annualised 46.18 percent from $10.88 billion in 2008 to $5.85 billion in 2009.

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