Thursday, 03 December 2009 04:02 DAP-NEWS
(Posted by CAAI News Media)
A Cambodian Government official on Wednesday confirmed that Cambodia is trying to boost the economy as Camb- odia is affected by the ongoing global downturn.
Secretary of State for the Commerce Ministry Pan Sosak made the claim at a forum on Cambodia’s economy with Vietnam, Laos and Myanmar at the Le Royal Hotel.
Cambodia will increase tax collection in keeping with macro economic stabilityand boost competitiveness.
“Meanwhile, we have to improve some fields such as garments, tourism, telecommunications, small, average, and big enterprises, share markets, powe r, and oil exploitation to keep productivity and competition,” he stated.
Cambodian government officials and South Korean investors on signed a US$6 million agreement to building the of the Financial Develop-ment District (FDD), to be located in CAMKO City and scheduled to complete the construction in late 2010. Some view has risen that Cambodia will gain more economic improvement following Fugitive Former Thaksin Sinwatra as Cambodia Prime Minister Hun Sen’s advisor and the government’s advisor on economic works as Thaskin was clever with economic leading while he was Thai prime Minister.
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