PHNOM PENH, Cambodia, Aug 13, 2009 (Asia In Focus via COMTEX) -- Flows of foreign direct investment into Cambodia dropped by 50 per cent in the first six months of 2009, compared with the same period last year, local officials have said. Investment by China and South Korea - the two biggest investors in 2008 - decreased by 93 per cent and 58 per cent respectively, while Japan's investment surged beyond expectations, the Council for the Development of Cambodia (CDC) said in its latest report.
* The council revealed that China's investment dropped from $US3.86 billion to US$242.4 million, with most of the capital poured into real estate, mining, small-sized hydroelectric power projects and garment-textile plants.
* South Korean investment fell to US$109.2 million from US$258 million in the first half of 2008, focusing on property, agriculture and tourism projects.
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