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Oct 06, 2014

Brett Sciaroni Introduces Cambodia Prime Minister at IBC Investment Conference


Bretton G. Sciaroni senior partner of Sciaroni & Associates, as Chairman of the International Business Chamber of Cambodia (IBC), introduced Samdech Akka Sena Padei Techo Hun Sen, Prime Minister of the Royal Government of Cambodia who then opened the 2014 investment conference Cambodia: The Era of Opportunity – Growth, Change and ASEAN Integration.  In his welcome remarks, Mr. Sciaroni affirmed that “the growth economy Cambodia has enjoyed for more than a decade was based, in part, in making the legal and regulatory reforms necessary to attract investment and promote national businesses.” He further stated that “under the leadership of the Prime Minister, there has been a renewed commitment … in drafting new laws, regulations and policies … including amendments to existing laws and a new Law on Investment, which is currently one of the most liberal investment laws in the region, if not the world”.  A new Special Economic Zone law is contemplated to attract light manufacturing to further broaden the economic base. Implementation of a 2011 Anti-Corruption Law and creation of an Anti-Corruption Unit has sent a “clear and positive message from the government” to potential investors. Mr. Sciaroni credits the Prime Minister for leading Cambodia in ASEAN and positioning the country strategically to take advantage of the regional integration and sustain its 7% annual GDP growth.  For full text of Mr. Sciaroni’s speech, please visit here.


 
 
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Sciaroni & Associates is a leading professional and investment advisory firm doing business in Southeast Asia since 1993. Based in Cambodia with legal offices in Laos and Myanmar, we provide experienced advice and business insights to many of the world’s leading companies, governments, economic think tanks, global development funds, international NGOs and the Royal Government of Cambodia in accordance with strict international standards.
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