according to the March 2008 report of the Development Council of Cambodia, Malaysia ranked top (US$2.19 billion), followed by China with investments of AS$1.761 billion

Malaysia Biggest Investor In Cambodia

From Noor Shamsiah Mohamed

PHNOM PENH, May 29 (Bernama) -- Malaysia has been the biggest investor
in Cambodia for 14 consecutive years with investments totalling US
$2.19 billion (RM7.3 billion).

Malaysia's Ambassador to Cambodia Datuk Adnan Otman said that
according to the March 2008 report of the Development Council of
Cambodia, Malaysia ranked top, followed by China with investments of AS
$1.761 billion.

"Among the business carried out by Malaysian companies are power
generation, textile manufacturing, construction, hotels, restaurants,
telecommunications, insurance, banking and petroleum," he said in his
speech at a dinner hosted by the Malaysian Business Council in
Cambodia at the Raffles Hotel Le Royal here Thursday.

Yang Di-Pertuan Agong Tuanku Mizan Zainal Abidin and the Raja
Permaisuri Agong Tuanku Nur Zahirah, who are on a four-day official
visit to Cambodia, were the guests-of-honour.

Adnan said Cambodia was becoming a popular destination for Malaysians,
especially for those looking for business and investment
opportunities.

"The number of Malaysians who came to Cambodia in 2007 was 84,039
people, from 36,876 in 2006.

"Cambodians who went to Malaysia in 2007 totalled 23,193 people
compared with only 9,957 people in 2005," he added.

-- BERNAMA

.

Relevant Pages