TITLE

Hun Sen's Investment Drive

PUB. DATE
December 2004
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Dec2004, Vol. 15 Issue 12, p6
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article reports that the Cambodian government has announced a new initiative to attract foreign investment into the impoverished South East Asian country following the publication of new figures showing that foreign-direct investment (FDI) continues to fall. Under the new initiative announced by Prime Minister Hun Sen, the government will cut the time it takes to issue overseas investors a license from 45 days to 28. One of the most important areas from the new reform initiative, however, is a commitment to cutting corruption in the country— a problem that was acknowledged by the government following the publication of a new survey, in which 80% of the 800 firms questioned admitted the' necessity of paying bribes'.
ACCESSION #
15056889

 

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