Phl, Cambodia eye cooperation to boost investments

The Philippines and Cambodia are looking to collaborate to attract more investments.

- By LOUELLA DESIDERIO

A memorandum of intent on investment cooperation was signed by Trade Secretary and Board of Investments (BOI) chair Cristina Roque and Cambodia deputy prime minister Sun Chanthol, who also serves as first vice chair of the Council for the Development of Cambodia, on Wednesday.

Under the memorandum of intent, the Philippines and Cambodia will exchange information on the investment environment and opportunities, experiences in attracting foreign investments and best practices in investment promotion.

The parties will also encourage their local companies to set up or expand their businesses in the two countries.