Articles

Cambodian election result predicted to boost investment

In Business on July 31, 2008 by viCheth

Thursday, July 31, 2008, ABC Radio Australia

The landslide victory which the Cambodian People’s Party appears to have secured in last Sunday’s election is expected to enhance the Kingdom’s reputation as a growing investment destination.
The CE0 of Leopard Capital, Douglas Clayton, says the election result was a best case scenario for investors.
His company is one of several private-equity funds that have revealed plans to inject a total of $US500 million into the economy.
The Mekong Times quotes him as saying the government’s fresh mandate will ensure continuity in its investment policy and at the same time put the opposition in a stronger position to perform its monitoring function.
Independent electoral watchdog the Committee for Free and Fair Elections says the CPP won around 90 of the National Assembly’s 123 seats.

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