via CAAI News Media
PKR play Korea visitors
Wednesday, 20 January 2010 15:00 Dan Riley
Cambodian Premier League club Preah Khan Reach will play a friendly match against South Korean side Ulsan University that kicks off at 3pm Thursday at Olympic Stadium. The visiting side will also play the Cambodian national team Saturday, with both games screened live on TVK. Tickets cost 1,000 riels (US$0.24) for access to the outside stand and 2,000 riels for covered stand access.
Forex reserves up 25pc
Wednesday, 20 January 2010 15:00 Nguon Sovan
FOREIGN reserves increased 25.2 percent to US$2.6 billion in 2009, from $2.07 billion in 2008, according to Monday’s central bank annual report. The reserves now held could fund four months of imports into the Kingdom, it added. According to an International Monetary Fund (IMF) report released in December, gross official reserves were thought to have stayed broadly stable in 2009, compared to 2008. But the IMF predicted reserves would fall modestly in 2010, as loose fiscal policy and a widening current account deficit more than offset both official and foreign direct investment flows.
Investment slid 35pc
Wednesday, 20 January 2010 15:00 Nguon Sovan
THE flow of direct foreign investment into Cambodia declined 35.2 percent last year, according to the central bank’s annual report released late Monday. FDI fell to US$514.7 million last year, from $794.7 million in 2008, the report said. Garment factories, the tourism industry and the telecoms sector saw notable investment falls in FDI, the report added. The study follows data, released by the Council for the Development of Cambodia last week, which noted that the total amount of approved investment coming into the Kingdom fell an annualised 46.18 percent from $10.88 billion in 2008 to $5.85 billion in 2009.
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