The 19th Government-Private Sector Forum (G-PSF), which was scheduled for April1 has been postponed indefinitely, the government announced yesterday.
The decision was made as it aims to prevent the spread of the current worldwide COVid-19 pandemic, with 12 cases now reported in the Kingdom.
Established in 1999, the G-PSF is an annual event where businesses get to address their concerns directly to Prime Minister Hun Sen.
The event is considered a key driver in improving the investment climate of the Kingdom as it fosters capacity and a strong relationship between the government and the private sector.
During the 19th Cambodia-Japan Public-Private Sector Meeting at the Council for the Development of Cambodia held last month, a group of Japanese companies and investors submitted a list of policy recommendations from 2019-2020, which contained a total of 21 issues regarding the country’s business climate to the government.
The issues raised by the Japanese representatives, included the reduction of electricity costs, stabilisation of power supply and advance notification of planned power outages. The representatives also asked to accelerate the establishment of the Banteay Meanchey’s Stung Bot border gates, connecting Cambodia with Thailand’s Sa Keo province.
Of the 21 issues raised, according to an announcement during the 19th Cambodia-Japan Public-Private Sector meeting, a majority has been solved and the rest are expected to get a response from the government in the next event.
The 18th G-PSF was held in March last year, with a total of 17 solutions advised on the occasion, among the most prominent was the decision to reduce the public holidays from 28 in 2019 to 22 days in 2020.