Investment worth $84m approved in August

THE Cambodian government approved US$84 million in investment applications in August, taking the total value of approvals for the year to date to $1.564 billion, official figures released Friday show.

The new approvals included three agriculture and three industrial projects, said the Council for the Development of Cambodia (CDC), the government’s chief investment body.The names of the companies behind the proposed investments were not disclosed.

In August last year, the government approved $652 million worth of investments, and the first eight months of 2008 saw the approval of $8.992 billion worth of investment projects.

Youn Heng, deputy director of the Evaluation and Incentive Department at the Cambodian Investment Board (CIB), a body of the CDC, said he was too busy to comment Friday. Click to read more...