Business outlook still positive despite commune election

Cambodia’s business environment retained a positive outlook during the commune elections held yesterday, with members of Cambodia’s business community expecting the Kingdom’s economy to benefit from continued political stability. Ngeth Chou, senior consultant at Emerging Markets Consulting (EMC), a firm advising foreign companies on doing business in Cambodia, said that long-term investors showed few concerns regarding the commune election. Many firms continued to conduct feasibility studies in Cambodia and expected to expand their business in the Kingdom, he said. Ngnoun Meng Tech, director general of the Cambodian Chamber of Commerce said the situation surrounding the election was not as agitated compared to during previous election cycles. He said he had no concerns regarding the country’s future economic growth. (Source: Phnom Penh Post)