17 October 2014
Despite
ongoing protests over the minimum wage in the garment industry and the
political deadlock that lasted well in to July, Cambodia registered over 3,000
new businesses from January to September this year.
The latest
data from the Ministry of Commerce reveal there were 3,025 newly registered
businesses representing a 36% increase from the 2,220 registered in the same
period last year. Some 1,330 of this year’s new business were foreign
registered, a 20% increase, while 1,690 were registered by Cambodians, up 46%. The
World Bank projected this month that Cambodia’s economic growth will reach 7.2%,
citing the garment and construction industries as key engines of growth.
Source:
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