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NEWS UPDATES Asean Affairs   7 February 2013  

China invests $9.17 bn in Cambodia


China has become Cambodia’s largest lender with a total of $9.17 billion dollars of investment in the last 18 years, according to a government report.

The report highlights that China’s investment in Cambodia was concentrated in the areas of energy, mineral resources, garment industry, banking and finance, real estate, tourism and agriculture.

During the period (1994-2012), South Korea and Malaysia were the second and third largest investors in Cambodia with investments of $4.33 billion and $2.62 billion, said the report of the council for the development of Cambodia.

The United Kingdom ranked fourth with the promised investment of $2.41 billion in the country, while the US placed fifth with capital injection of $1.29 billion.

Earlier in February, Le Luong Minh, the ASEAN chief stressed China and ASEAN should further strengthen dialogue and cooperation and bring the bilateral relationship to a higher level.

The US administration had earlier announced a “pivot to Asia” strategy in October 2011, which drew widespread suspicion and criticism in China, amidst fears of US militarization of the region.

America’s military pivot towards Asia, moving away from middle-east engagements and towards ensuring China does not dominate the Asian region has been a issue in Sino-US relations.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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