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Saturday, April 26, 2008
Phnom Penh, Apr 25, 2008 (Asia Pulse Data Source via COMTEX) -- -- ? Cambodia?s Prime Minister Hun Sen has said that his government is taking appropriate measures to hold back fast price rises, including raising salary and reducing import tariffs on some of the consumer goods.
He told the 13th Government Private Sector Forum (GPSF) opening on April 23 in Phnom Penh that salary levels of government officers will be increased by 20 percent while those for teachers will enjoy a 10 percent rise. The allowances for families of government officers and army servicemen will be doubled.
The Cambodian government has also called on the public sector to curb oil and gas expenses and announced a ban on rice exports for two months in order to stabilise domestic food prices.
PM Hun Sen said he had asked the Finance Committee to cut down import taxes on some of the consumer goods and consider maintaining or raising tariffs on luxury goods such as automobiles, motorbikes and cigarettes to ensure a healthy state budget.
PM Hun Sen said the current price rises in Cambodia are mainly attributed to increasing domestic demand on goods, food, houses and construction due to robust economic growth, a surge in world oil and gas prices and strong economic development in China, India and other Asia.
The US dollar depreciation is also an inflation-causing factor, he added.
The GPSF is annual forum funded by the International Finance Corporation and the Government of Australia through AusAid, its official development assistance agency.
Saturday, April 26, 2008
Phnom Penh, Apr 25, 2008 (Asia Pulse Data Source via COMTEX) -- -- ? Cambodia?s Prime Minister Hun Sen has said that his government is taking appropriate measures to hold back fast price rises, including raising salary and reducing import tariffs on some of the consumer goods.
He told the 13th Government Private Sector Forum (GPSF) opening on April 23 in Phnom Penh that salary levels of government officers will be increased by 20 percent while those for teachers will enjoy a 10 percent rise. The allowances for families of government officers and army servicemen will be doubled.
The Cambodian government has also called on the public sector to curb oil and gas expenses and announced a ban on rice exports for two months in order to stabilise domestic food prices.
PM Hun Sen said he had asked the Finance Committee to cut down import taxes on some of the consumer goods and consider maintaining or raising tariffs on luxury goods such as automobiles, motorbikes and cigarettes to ensure a healthy state budget.
PM Hun Sen said the current price rises in Cambodia are mainly attributed to increasing domestic demand on goods, food, houses and construction due to robust economic growth, a surge in world oil and gas prices and strong economic development in China, India and other Asia.
The US dollar depreciation is also an inflation-causing factor, he added.
The GPSF is annual forum funded by the International Finance Corporation and the Government of Australia through AusAid, its official development assistance agency.
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