By Ros Sothea, VOA Khmer
Original report from Phnom Penh
07 September 2009
One year after an economic crisis swept across the globe, experts say Cambodia’s key construction sector—which had been booming—is showing no signs of recovery.
The crisis, which spread in August last year and eventually engulfed world markets and economies, shuttered several major construction projects in Cambodia, while delaying others.
A $400-million Korean project to build a mini-city on four hectares of land was dashed. Another project, to build a 53-story building, never got off the ground.
Other projects, big and small followed, as the price of land tumbled as much as 50 percent. Click to read more...
Tuesday, September 8, 2009
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