Logo of Phnom Penh Post newspaper Phnom Penh Post - Hun Sen boosts Singapore ties

Hun Sen boosts Singapore ties

Hun Sen boosts Singapore ties

PRIME Minister Hun Sen returned from a three day diplomatic mission to Singapore yesterday that reportedly dealt with economic ties.

Speaking at Phnom Penh International Airport yesterday afternoon, Foreign Minister Hor Namhong said bilateral meetings headed by Hun Sen and Singapore’s Prime Minister Lee Hsien Loong had focused on economic cooperation between the two countries.

He said Hun Sen had invited Singaporean investors to visit the Kingdom to explore business opportunities, particularly in the agriculture sector.

“Singaporean investors promised to study investment opportunities soon,” and highlighted the Kingdom’s rice industry as an area of interest, Hor Namhong said.

The prime minister highlighted Cambodia’s new sub-decree – passed earlier this month – allowing foreigners to own up to 70 percent of a building above the ground floor, in a televised speech Monday.

The number of tourists arriving from Singapore is on an upswing, Cambodia’s Foreign Minister said yesterday.

Singaporean-based carrier Silk Air had pledged to expand its flights to Phnom Penh and Siem Reap, he said.

Kith Meng, president of the Cambodian Chamber of Commerce, said that tourism and investment opportunities had been hot topics of discussion during Hun Sen’s mission to the city-state.

“We focused on tourism and investment and to strengthen and promote [ties within] the ASEAN group,” he said.

Bilateral trade between Cambodia and Singapore declined more than 26 percent to $70.748 million in the first half of the year, compared to the same period of 2009, figures obtained yesterday from the Ministry of Commerce’s Camcontrol department showed.

But Hor Namhong said combined investment from Singapore alongside trade totalled more than $1 billion for the first six months of 2010, up 62 percent on last year.

Camcontrol’s statistics show Cambodia’s main exports to Singapore included sand, semi-manufactured goods, unwrought gold, cigarettes, clothing, and silk, while Singapore largely exported un-wrought gold, diesel, gasoline, lubricants and whisky to the Kingdom.
ADDITIONAL REPORTING JEREMY MULLINS

MOST VIEWED

  • Diplomatic passports issued to foreigners to be annulled

    The Ministry of Foreign Affairs and International Cooperation will move to annul diplomatic passports issued to those not born in Cambodia. Analysts say the move may be in relation to reports that former Thai prime minister Yingluck Shinawatra used a Cambodian passport to register as

  • Hun Sen warns Irish MP of EBA ‘mistake’

    Prime Minister Hun Sen on Saturday told former Irish premier Enda Kenny, still a member of the EU nation’s parliament, that the 28-nation bloc should not make a “third mistake” regarding Cambodia by using the preferential Everything But Arms (EBA) agreement to “take 16 million

  • The hairy little heroes saving many lives in rural Cambodia

    IN RURAL Siem Reap province, rats dare to tread where no person will, as these hairy little heroes place their lives on the line each day for the good of the local community. The rodents are the most important members of a special team, leading

  • PM warns EU and opposition on 34th anniversary of his rule

    HUN Sen reached the milestone of 34 years as Cambodian prime minister on Monday and used the groundbreaking ceremony for a new ring road around Phnom Penh to tell the international community that putting sanctions on the Kingdom meant killing the opposition. “Please don’t forget