Phnom Penh (FN), August 28 – Cambodian people withdrew $150 million during Cambodian general election in 2013 compared to $100 million deposits during Cambodian general election 2018, ACLEDA Bank Managing Director In Channy said in Fresh News weekly special guest program.

If your memories served you well, Cambodia faced social chaos and political instability, for the opposition party did not recognize the election result that led to demonstrations and riots across the capital. Thus, Cambodian people were concerned about their financial safety.

“The $100 million deposits instead of withdrawals in the sixth mandate election reflects Cambodia’s political stability and that it gained people trust,” said In Channy, adding that “Stability determines sustainable economic growth stemming from investment.”

According to the Managing Director, the three factors to attract investment, include (1) political stability; (2) economic stability; and (3) social affairs.

For Cambodia, investment law is greater than other countries in ASEAN. Investors can occupy 100% shares, except on real estate. They could even bring the profits back to their homeland, he said.
=FRESH NEWS