By Nguon Sovan
The Phnom Penh Post
The Kingdom eyes more diversified involvement from Japan, whose investment grew from zero last year to just under $5 million so far in 2009
FIXED-asset investment in Cambodia by China and South Korea plunged in the first half of 2009, while Japan's fixed assets spiked during the same period, according to a report from the Council for the Development of Cambodia released earlier this month.
Chinese investments dropped more than 93 percent, and South Korean capital declined nearly 58 percent, the report stated.
Chinese investment by fixed assets in Cambodia dropped to US$242.43 million, from $3.86 billion during the first half of last year," the report said. "Korea was down to $109.2 million from $258.09 million last year."
Fixed asset investments by Japan during the same period, the report noted, hit $4.76 million in the first half of this year, up from nothing last year.
Yun Heng, deputy director of the Evaluation and Incentive Department at the Cambodian Investment Board, an arm of the CDC, characterised the decline in investments as the result of smaller-scale projects this year.
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