Five new deaths, 340 Omicron community cases in Cambodia on Friday (March 4) as govt reports US$4.35bil investment in 2021


PHNOM PENH, March 4 (Phnom Penh Post/ANN): The Cambodian Ministry of Health on Friday reported 366 new Covid-19 cases, 26 of which were imported and all were confirmed to be the Omicron variant.

The ministry also reported 507 recoveries and five new deaths.

As of March 4, Cambodia had recorded a total of 131,738 Covid-19 cases with 125,536 recoveries and 3,038 fatalities.

Meanwhile, Cambodia attracted fixed-asset investment of US$4.35 billion in 2021, according to a report from the Council for the Development of Cambodia, report Xinhua.

China remained the first largest foreign investor to the South-East Asian nation, accounting for 53.4 per cent of the kingdom's total investment last year, the report said.

It added that Cambodia received 2.32 billion dollars of investment from China last year, up 67 per cent from 1.39 billion dollars in the year before.

The United States and Singapore were the second and third biggest investors to the kingdom last year, with their investment amounting to 163 million dollars and 121 million dollars, respectively, the report showed.

Speaking of the surge in Chinese investment to Cambodia, Heng Sokkung, secretary of state and spokesman for the Ministry of Industry, Science, Technology and Innovation, said the Cambodia-China Free Trade Agreement and the Regional Comprehensive Economic Partnership are the key factors encouraging more foreign investors, particularly the Chinese ones, to Cambodia.

"Also, the ironclad friendship and the bilateral cooperation under the framework of Belt and Road Initiative are the key driving force for growth in trade and investment between Cambodia and China," he told Xinhua. - Xinhua

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