The President told Cambodian businessmen that he wants to improve the country’s manufacturing sector.
The goal, he said, is to have a balanced economy on the contributors to the gross domestic product (GDP) between the manufacturing side and the service side.

“Right now, it’s very, very much skewed to service sector. So again as I said, we have a more balanced economy, we are trying to build up the manufacturing side of the economy and that is why capital-intensive investment will be very, very important for us to be able to do that,” Marcos said.

At the same time, the President said the government has to address local businesses’ concerns to ensure ease of doing business, noting the administration must address the red tape in the bureaucracy.

“Once we can digitalize and digitize our operations, the bureaucracy, the national government and the local government, then things will be much, much easier. Because any investment really has to also be approved at the local government level,” Marcos said. (OPS)