The Kampong Speu Provincial Administration announced that a delegation from UMAC – a joint venture between German and Chinese investors – plan to open six factories in the province, with a capital investment of about $50 million. The six state-of-the-art factories are expected to create up to 10,000 jobs.
Prime Minister Hun Sen announced the launch of a new policy, saying that the government would assist pregnant factory workers until their children reach two years of age.
Never have consumer loans been in difficulty as recently. The demand of borrowers was great, but finance companies did not dare to increase lending because of worry about the difficulty for debt collection.