Deadlock end lifts business spirits

23 July 2014
The Phnom Penh Post
Economic policy and administration / Economy and commerce / Elections / Government / Investment
ACLEDA Bank / ANZ Royal / Cambodia National Rescue Party / Cambodia Rice Federation / Cambodian People's Party / CBRE / CNRP / CPP / CRF / David Van / FASMEC / Federation of Association for Small and Medium Enterprises / Garment Manufacturers Association of Cambodia / GMAC / Grant Knuckey / In Channy / National Assembly / Te Taing Por

Cambodia's business community welcomed the news yesterday that the county’s longest-ever parliamentary deadlock had come to an end – a resolution investors say will help ease fears of political instability. The ruling Cambodian People’s Party and the opposition Cambodia National Rescue Party yesterday struck a deal that will see the CNRP take its seats in the National Assembly as early as next week, after its lawmakers-elect are officially sworn in. “With the big news this afternoon, Cambodia will win back all listed stability and of course will attract more investors who currently are waiting,” In Channy, CEO of Cambodia’s largest financial firm, Acleda Bank, said after hearing yesterday’s announcement. ...

 Eddie Morton and Daniel de Carteret
http://phnompenhpost.com/business/deadlock-end-lifts-business-spirits