Logo of Phnom Penh Post newspaper Phnom Penh Post - Kingdom on the agenda

Kingdom on the agenda

Content image - Phnom Penh Post
Prime Minister Hun Sen pitches Cambodia to Swiss investors in Zurich this week. Photo supplied

Kingdom on the agenda

Prime Minister Hun Sen attended a dinner with Swiss company executives in Zurich on Monday, where he invited investors to join the upcoming ASEAN World Economic Forum (WEF), which Cambodia will host for the first time in May.

According to the premier’s Facebook page, Swiss investors responded that they are eager to invest in the Kingdom given its “stable political progress” and its “current economic potential”, and are open to attending the forum later this year to enhance trade and investment.

The meeting was held prior to the premier leading a delegation of Cambodian government officials to the Swiss ski resort of Davos yesterday to rub shoulders with the world’s business, political and media elite during the flagship WEF event. The four-day annual conference has a billed attendance of approximately 3,000 participants.

Hun Sen is accompanied by Transport Minister Sun Chanthol, Commerce Minister Pan Sorasak and Finance Minister Aun Pornmoniroth. Preparations are already underway for the WEF’s regional meeting in Phnom Penh.

Justin Wood, WEF’s head of the Asia Pacific region, said he anticipated a strong turnout at the upcoming Cambodia event, with about 750 participants from both in and beyond the ASEAN region.

“We will be raising awareness of the World Economic Forum on ASEAN in Phnom Penh in May with all participants in Davos, and we anticipate strong interest, both from business and from government, as well as from all the other communities here at Davos, such as academics and civil society leaders,” he said.

He added that the May meeting would focus on building off of WEF-sponsored initiatives into areas of agriculture and infrastructure.

While the Davos summit is the first for Chinese President Xi Jinping to attend, signifying China’s greater global economic participation, Wood could not confirm whether Xi is also scheduled to join the upcoming regional conference.

“There will certainly be other heads of state and heads of government visiting our summit in Cambodia,” he said.

MOST VIEWED

  • Seven positive for Covid-19, Hun Sen confirms local transmission

    Prime Minister Hun Sen announced that there has been local community transmission of Covid-19. However, he urged the people not to panic even though the Ministry of Health announced the discovery of seven new cases on Sunday. Among the victims are Chhem Savuth, the director-general

  • Cambodia at ‘most critical moment’, Hun Sen warns

    Prime Minister Hun Sen said the first community transmission of Covid-19 in Cambodia has led the country to the “most critical moment” that warranted urgent, large-scale operations to contain the pandemic. Hun Sen, who confirmed the first local transmission on November 28, said the source of

  • PM confirms community transmission, calls for unity

    Prime Minister Hun Sen has called on the public to stay calm, unite and follow the Ministry of Health guidelines after the wife of a senior official tested positive for Covid-19 in the Kingdom’s first case of community transmission. The case has drawn criticism

  • Over 110 garment factories close

    A government official said on November 22 that at least 110 garment factories had closed in the first nine months of the year and left more than 55,000 workers without jobs – but union leaders worry those numbers could be much higher. Ministry of Labour and Vocational Training undersecretary

  • Singapore group seeks $14M in damages from PPSP over ‘breach of contract’

    Singapore-based Asiatic Group (Holdings) Ltd is seeking a minimum of $14.4 million relief from Cambodia Securities Exchange (CSX)-listed Phnom Penh Special Economic Zone Plc (PPSP) for allegedly breaching a power plant joint venture (JV) agreement. Asiatic Group’s wholly-owned Colben System Pte Ltd and 95 per

  • PM vows to protect Hun family

    Prime Minister Hun Sen has vowed to continue his fight against opposition politicians who he said intend to smash the Hun family. Without naming the politicians but apparently referring to former leaders of the Supreme Court-dissolved Cambodia National Rescue Party (CNRP), Hun Sen said there