Cambodia seeks to attract more foreign investments

07 September 2009
By Channel NewsAsia's IndoChina Bureau Chief Anasuya Sanyal

PHNOM PENH: Cambodia is open for business, despite global economic uncertainty and a negative growth forecast.

For foreign investors in the country, the downturn could be a moment of opportunity.Cambodia has not been spared by the economic crisis - exports have dropped by 23 per cent and the construction industry has slowed almost to a standstill.

But it will take another quarter to determine any negative long-term economic effects.The country's Commerce Minister, Cham Prasidh, is confident that demand will pick up again, especially in the hard-hit garment sector. He explained why the country is a perfect springboard to foreign markets. Click to read more...