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

  • Ministry issues warning over coronavirus outbreak

    The Ministry of Health on Wednesday asked the public to be on “high alert” as a new virus wreaks havoc across Asia. However, no cases have been reported in the Kingdom thus far. The 2019 Novel Coronavirus (2019-nCoV) has raised the alarm for its similarity to

  • Call for boycott of Angkor unacceptable

    Dear Editor, I wish to express my strong disagreement on the article published by Traveller for their website with the title Best places to go in 2020: 12 destinations you should avoid. Below is my opinion of the article. It is obviously free for the Traveller to

  • No power shortages next dry season, says energy minister

    Minister of Mines and Energy Suy Sem has assured the public that Cambodia will not suffer power shortages during the next dry season. Speaking on local TV on Tuesday, Sem projected a rise in power demand during 2020’s dry season – which starts in November and

  • Gov’t slams NGO over 2019 corruption report

    The government on Thursday slammed a report that described the Kingdom as highly corrupt. Government spokesperson Phay Siphan dismissed the latest Transparency International (TI) report as “just an advertisement of NGOs to promote their own interests”. Released on Thursday, the report puts Cambodia near the

  • Gov’t takes steps to lower logistics, transport costs

    With the threat of losing trade privileges in the EU drawing closer, the government is taking measures to reduce logistics and transportation costs to safeguard the Kingdom’s competitiveness. The EU is due to decide whether or not to withdraw the Kingdom’s trade privileges

  • App to connect farmers to millions

    The Ministry of Agriculture, Forestry and Fisheries has soft-launched a mobile app that connects farmers with potential buyers and gives them access to critical market information. The ministry’s Agriculture Marketing Office chief Meach Yady said the ‘CamAgriMarket’ app gives farmers a platform to showcase