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     The number of businesses that opened in 2008 declined after years of steady growth, Cambodian national media reported Wednesday.

    In 2008, 2,744 new businesses registered with the Commerce Ministry, compared to 2,826 new openings in 2007, the Cambodia Daily newspaper said, citing data from the ministry.

    Overall in the period from 1988 to Jan. 30 of this year, 18,910 businesses opened and 1,561 closed, according to the data.

    In the first month of 2009, only 159 new businesses registered with the ministry, which puts Cambodia on pace to register only about 1,850 new businesses this year, nearly 30 percent down than that of last year.