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NEW UPDATES Asean Affairs  23 September 2014  

Plan targets $26.8B in investment

Cambodia will seek to raise $26.8 billion of investment over the next five years to achieve its 7 per cent year-on-year GDP growth targets, according to the National Strategic Development Plan 2014-2018 released yesterday.

Some $3.9 billion is to be spent in agriculture. The industrial sector, which includes mining, manufacturing, oil and gas and electricity, is slated for $12.8 billion, and $10 billion will be for services like tourism, transport, communications and public administration. Half of the capital is to be raised domestically, with the other half to come from foreign investment.

Referring to the global economic downturn and the unpredictability of natural disasters, Prime Minister Hun Sen stressed the importance yesterday of financial planning.

“Even if [these events occur], based on the plan of the national development strategy, the [government] can achieve good results, especially ensuring a stable life for the people of Cambodia,” he said.

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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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