PHNOM PENH: Singapore is exploring opportunities for marketing and investment in Cambodia. A delegation of the Singapore Business Federation (SBF) led by Mr. Gary Lim shared the intention in a meeting with Deputy Prime Minister and Minister of Economy and Finance H.E. Dr. Aun Pornmoniroth on Aug. 1.

Twenty-three (23) Singaporean delegation members representing different companies accompanied him to the meeting. Mr. Gary Lim appreciated Cambodia’s successful containment of COVID-19, stressing that it is a positive sign for foreign tourists and investors to the Kingdom, including from Singapore.

Warmly welcoming the guests, H.E. Dr. Aun Pornmoniroth underlined that the Royal Government of Cambodia will roll out the country’s Pentagon Strategy Phase I for the next five years.

The strategy focuses on promoting governance and institutional capacity building, the establishment of favorable environments for social and economic development, and human resource development.

It also guides economic diversification and private sector engagement in resilient and inclusive development and digital transformation, he added. Cambodia’s economy is expected to accelerate to 5.6 percent in 2023 and 6.6 percent in 2024, while inflation will be around 2.5 percent during these years.