Political risks threaten economic gains in Cambodia

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Political risks threaten economic gains in Cambodia

Post by CEOCambodiaNews » Wed Mar 29, 2017 9:04 am

Prime Minister HE’s latest crackdown on the opposition threatens to undermine one of the region’s fastest- growing economies.

Politics barely got a mention when Prime Minister HE delivered his keynote address at last month’s Cambodia International Business Summit, a confab aimed at promoting trade and investment opportunities in the fast-growing and underdeveloped country.

“There’s tremendous potential in [the Association of Southeast Asian Nations] as an economic power hub and Cambodia welcomes foreign investment projects to the region,” he told a packed house gathered at Phnom Penh’s shiny InterContinental hotel. “We will strive to build a better and attractive investment climate for all investors and businessmen.”

While HE and his ruling Cambodian People’s Party (CPP) claim to be building a more attractive environment for foreign investors, questions are rising about whether his government’s escalating crackdown on the political opposition will start to undermine foreign and local confidence in the economy...
http://www.atimes.com/article/cambodia- ... mic-gains/
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