Land in Cambodia, In the Guardian.
"No one can agree what impact the foreign land sales will have on the Cambodian economy because so little information is made public.
"CPP parliamentarians and cabinet are remote and dismissive of their people. They are not required to report on their interests or assets, making it impossible to deduce how much Hun Sen and his cabinet have personally benefited"
"Hun Sen and his ruling Cambodian People's Party (CPP) have,put the country up for sale. Crucially, they permit investors to form 100% foreign-owned companies in Cambodia that can buy land and real estate outright - or at least on 99-year plus 99-year leases."
"No other country in the world countenances such a deal. Even in Thailand and Vietnam, where similar land speculation and profiteering are under way, foreigners can be only minority shareholders."
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Monday, 28 April 2008
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