Cambodian PM to attend ASEM 8 summit in Brussels

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PHNOM PENH, Sept. 28 (Xinhua) — Cambodian Prime Minister Hun Sen will lead a high delegation to attend the ASEM 8 Summit to be held from October 4 to 5 in Brussels, Belgium at the invitation of Herman Van Rompuy, president of the European Council, said a press release of the Ministry of Foreign Affairs and International Cooperation on Tuesday.

The delegation will include Deputy Prime Minister and Minister of Foreign Affairs Hor Namhong and Senior Minister and Minister of Commerce Cham Prasidh and other high-ranking officials of the Royal Government of Cambodia, it said.

As Cambodia is the country coordinator for the ASEAN group of the ASEM (Asia-Europe Meeting), Hun Sen will deliver his opening remarks on behalf of the ASEAN group during the opening ceremony on Oct. 4 and during the plenary sessions on Oct. 5, he will also make his intervention on “Sustainable Development.”

The ASEM 8 Summit under the theme “Quality of Life”, will issue two important outcome documents: one is the ASEM 8 Chair’s Statement and another is the Declaration of the ASEM 8 Summit on the Global Economic Crisis, the press release said .

On the sidelines of the ASEM 8 Summit, Hor Namhong will hold a bilateral talk with Shah Mahmood Qureshi, foreign minister of Pakistan.

The ASEAN makes up of ten countries including Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

source : according xinhuanet.com

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China’s Xi’an signs MOU with Cambodia to enhance economic cooperation

Businessmen from China‘s Xi’an city are interested in investing in Cambodia‘s electronics, technology and packaging factories for agricultural products, an official from the city said Monday.

Hao Mangxi, head of Xi’an Bureau of Trade and Commerce, is leading a delegation of seven large companies from Xi’an, the capital of China’s Shaanxi province, to visit Cambodia. “Firstly, we are interested in technology or electronics–I will inform my people to learn more and invest in the sectors,” Hao said on Monday, after the signing ceremony on Memorandum of Understand to further enhance the economic and trade cooperation between Xi’an and Cambodia.

The MoU was signed by Hao Mangxi and the Director General of Cambodia Chamber of Commerce, Nguon Meng Tech.

Hao said Xi’an has a lot of companies are specialized in modern technology and electronics such as IT, automobile spare parts and agricultural machinery products.

“We are here to learn more about Cambodia’s potentials and will bring the information to tell people and investors to come for business or investment here,” he said.

Nguon Meng Tech said that Cambodia’s agricultural sector is very potential for foreign investments and Cambodia has a large number of young-educated labors with cheaper labor cost.

“What we need is investors with expertise in technologies to develop agricultural products for exports,” he said.

Hao said that the two-way trade between Xi’an and Cambodia was only about 100,000 U.S. dollars per year which is still low compare to other provinces of China.

Source: according Peopledaily.com

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Cambodia news: PM to Meet Hun Sen in New York

The prime minister says he will meet his Cambodian counterpart on the sideline of the UN General Assembly in New York to discuss key bilateral issues.

Prime minister Abhisit Vejjajiva said he will have a meeting with his Cambodian counterpart Hun Sen during their participation in the United Nations’s 65th General Assembly in New York to discuss the Phrea Vihear dispute and other issues.

Abhisit insisted his government still have the same stance of preserving and protecting the country’s sovereignty and the solution to the border dispute will rely on a peaceful basis to prevent violence and adverse affects on the two countries’s relations.

The prime minister said he will ask Cambodia to honor the agreements in the memorandum of understanding countersigned by the two countries in 2000 to settle their conflict over the area around the Phrea Vihear Temple.

Abhist also said related agencies have already examined the speculation on Cambodia’s disapproval of the Thai army’s planned renovation of Surin’s Ta Meon Thom Temple.

The site is also one of the disputed locations Thailand and Cambodia claim ownership.

Abhisit believed his meeting with the Cambodian leader will bring better understanding between the two countries.

Source: according thailandoutlook.tv

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Cambodian PM to appeal U.S. to cancel “dirty debt”

PHNOM PENH, Sept. 20 (Xinhua) — Cambodian Prime Minister Hun Sen said on Monday that he would appeal to U.S. President Barack Obama during his upcoming visit to New York to cancel more than 300 million U.S. dollars considered as “dirty debt” occurred by the Lon Nol regime in the 1970s.

“I will tell the U.S. that the 1970-75 debt is considered as dirty debt and ask them to cancel it,” Hun Sen said on Monday at the inauguration of Preak Phnov Bridge.

Hun Sen said the suggestion would be made when he meets with U. S. President Obama during the ASEAN-U.S. Leaders’ Meeting in New York from Sept. 24-26.

The estimated 317 million U.S. dollars were the low-interest loans given to the then Lon Nol regime that came to power in a March 1970 coup backed by Washington. The loan was officially said to develop Cambodia’s agriculture, but Hun Sen said it was paid for bombs to “drop on our heads” by U.S. forces in the early 1970s.

Cambodia has asked the United States several times to convert the debt into aid.

Source: According  xinhuanet.com

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Ho Chi Minh City Expo 2010 to take place in Cambodia

The Vietnam-Cambodia trade fair 2010 (Ho Chi Minh City Expo 2010) will take place in Battambang province, Cambodia, from October 20-24, with 150 Vietnamese business exhibitors.

On display in 250 booths will be farm produce, consumer goods, processed food, footwear, cosmetics, interior decoration items, textiles and garments, and electronic appliances, Tu Minh Thien, Director of the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) told reporters on September 17.

Apart from the display area, the event will also include an area to exhibit images and introduce the city’s economic, political and socio-cultural achievements as well as highlighting the friendship and solidarity between Vietnam and Cambodia .

During the fair, seminars will be held to connect Vietnamese and Cambodian businesses, promote trade and investment, and introduce Vietnamese goods to Cambodia ’s northwestern region.(VNA)

Source : according nhandan.com

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Cambodia intends to host the 36th World Heritage Committee meeting in 2012

PHNOM PENH, Sept. 14 (Xinhua) — Cambodia intends to host the 36th World Heritage Committee (WHC) 2012 meeting in the country’s northern province of Siem Reap, a government official said Tuesday.

Phay Siphan, spokesman for the Office of the Council of Ministers, said Cambodia has already expressed its readiness and intention to UNESCO to host the 36th WHC meeting.

He said, Cambodia is now vice chairman of the WHC and this country’s richness in cultural sites along with nearly 1,000 temples and preservation experiences is fit to the event.

For the purpose itself, Phay Siphan said Cambodia wants to share its experiences in the conservation and preservation works that have been worked with many development partners for many ruin temples across the country.

He said, if approved as planned, the meeting will be held in Siem Reap, the country’s tourism hub where is rich of cultural sites along with world famous temple of Angkor Wat.

The 35th meeting of WHC will be held in July next year in Bahrain.

Phay Siphan said that Cambodia has sufficient experience to share with other WHC members in the preservation of ancient temples.

Currently, there are 187 members of the WHC.

On the location, Phay Siphan said, Siem Reap is known as the world’s tourist destination where has been used as a place for accommodating many world’s leaders and international events.

He said everything is there such as good infrastructure, safety, cultural sites and preservation work is being carried on.

Cambodia is located in tropical region and in Southeast Asia– is known as a country where is rich in cultural heritage such as Angko Wat Temple, Preah Vihear Temple, both were registered as Word Heritage Sites and it records as having more than 800 temples across the country as well as the old and rich in arts, culture and tradition.

Source: according xinhuanet.com

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Khmer Property magazine #30

This is a magazine Issue 30, 31 and Rate for advertising of Khmer property Magazine and distributed to:

* Phnom Penh (4750 copies)

* Siem Reap (500 copies)

* Sihanouk Ville (500 copies) t

* Bavet Svay Rieng (250 copies)

The Soon we have plan to new market in:

* Battambang Provice (250Copies)

* Kampong Cham (250 Copies)

And The Issue No.32 we will update for 44 page to 52 and more…

Publisher: Bona Group

Language: Khmer

Classification: Property and invesment

Country: Cambodia

This magazine is published by Bona Group through E-mail marketing and now it’s available here as an E-magazine (you can either download or read Online).

(this post is for testing)

Click Here to read magazine

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Cambodia new: Cambodia economy to grow up to 5% in 2010: IMF

Image by International Monetary Fund via Flickr

PHNOM PENH (AFP) – – A strong recovery in tourism and the key garment industry helped Cambodia’s economy perform a “significant turnaround” this year, with projected growth of up to five percent, the IMF said Friday.

Cambodia, which saw its major industries hit by the global financial crisis, is expected to experience a 4.5 to five percent economic expansion this year and six percent growth in 2011, the International Monetary Fund said.

Garment exports and tourism are at the forefront of the rebound, with 10 to 20 percent growth in the second quarter, according to Olaf Unteroberdoerster, senior economist at the IMF’s Asia Pacific department.

“Real GDP (gross domestic product) growth is projected to reach 4.5 to 5 percent in 2010, a significant turnaround from 2009,” he said.

Agriculture was said to be another factor behind the forecast expansion in output, and Unteroberdoerster urged development in the sector as well as rural infrastructure investment to help broaden Cambodia’s sources of growth.

But construction activity, another factor behind the country’s double-digit growth before the global downturn, appears to have remained sluggish, he said.

Since the beginning of the financial crisis in 2008, Cambodia’s government has issued more optimistic economic projections than international financial organisations.

While the IMF estimated Cambodia’s economy would contract around 2 percent in 2009, the government forecast 0.1 percent growth. The official rate has not been released.

Cambodia used garment exports and tourism to help improve its fortunes after the 1975-79 Khmer Rouge regime and several decades of civil war left its economy and infrastructure in tatters.

Garment exports were hit by a drop in world demand caused by the financial crisis, but Ministry of Commerce figures showed exports increased by over 13 percent in the first seven months of the year.

In the first half of 2010 a total of 1.2 million foreign tourists visited Cambodia, up from 1.1 million in the same period the year before.

source :according yahoo.com

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Cambodia CityLife issue#4 is here!

long waited Cambodia E-magazine  issue#4 is finally here:

The Cambodian Magic Tattoo  !!!!

This E-magazine is the original soft copy from Cambodia CityLife that schedule to publish on 8/9 /10.

If you are interested in this Cambodia magazine and guide, you can go around the town to check out for Hard copy from place such as coffee shop, western restaurants and bars.

The release of this E-magazine come with key word “Magic tattoo”, basically this issue is introducing Cambodian belief and way of life. the tattoo is acting like a shield to protect its owner from any harmful spell, also give strength and unique abilities to gain control on user’s fate, if you want to more about this tattoo stuff turn to page 16.

Read Magazine

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Cambodia iphone 4 price update

I didn’t have time to update iPhone 4 price from the last 3 weeks due to no sinificant change in price. However, there are some majore impact on iPhone 4 market.

Image by k-ideas via Flickr

Today i went to check out some phone vendors and i found out that was a flood of iphone 3 G and 3Gs in stock, some of my friend tried to get rid of his iPhone 3G as he received his new iPhone yesterday but iPhone 3G buy back price goes down to $230 and 3 weeks ago was $310.

For iPhone 4 price standard price from 2 famous store in Cambodia, iPhone 4  32Gb retail box is $1,100 and 16Gb is $950,

even iPhone goes down but still expansive compare to Authorised store from other country like Singapore and Australia, from

what i heard iPhone 4 32Gb unlocked is somewhere around $870, due to import price alow lower than local price that drive people to import iPhone more, for those who wish to import their iPhone they are facing a

majore risk as iPhone4 come with iOS 4.0.2 could not be unlocked yet.

Yesterday i saw at least 10 people who were wandering around at Soriya shopping center for their chance to get their iPhone 4 unlocked and jailbreak, i belive 50% of imported iPhone 4 are facing risk of gettin

g iPhone with iOS 4.0.2.

For those who imported their iPhone 4 with iOS 4.0.2 are staying at home and pray for the next release of new jailbreak.

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Cambodia considered a successful post-conflict country: PM Hun Sen

Cambodia’s Prime Minister Hun Sen said Saturday that his country is considered as a “successful post-conflict country”.

Giving speech at the forum on 2010 Asialink Conversations- Cambodia, Hun Sen said “Cambodia can be considered as a successful post-conflict country,” saying the reforms and economic growth plus other development schemes and plans are on right track.

He said, after the post conflict that only ended in late 1990s, and with the support from development partners and the private sector, Cambodia has made giant strides in development in the last decade.

With the return of full peace in 1998, a sense of confidence and pride pervades the country, a feeling that bodes well for birth prospects for economic growth and job creation and a concrete vision of a promising future.

“Since then, the Cambodian economy has undergone a dramatic and rapid transformation. Economic growth during 1999-2003 averaged 8. 8 percent, and although official development assistance(ODA) continued to finance growth, foreign direct investment (FDI) particularly investments in garment and tourism, was key to promoting growth,” he said.

Hun Sen said that with the implementation during the last 5 years of the public financial management reform program, government revenue more than doubled from 2,220 billion riels (553 million U.S. dollars) in 2004 to 4,928 billion riels (1.2 billion U.S. dollars in 2009.

In 2009, the gross domestic product experienced a positive growth, though very small, as agriculture and services sector maintained robust growth, he added.

On the per capita income, Hun Sen said since 1993, Cambodia’s gross domestic product (GDP) increased fourfold from 2.4 billion U. S. dollars in 1993 to 10.3 billion U.S. dollars in 2008, and during this period, per capita income has more than tripled from 229 U.S. dollars to 739 U.S. dollars.

The prime minister also expressed his optimism over the Asia’s growth despite global economic recovery remains fragile.

“Although the global recovery remains fragile, we can see the positive signs of the recovery of the world economy,” he said, adding “We expect growth in Asia excluding Japan in 2010 to be around 7 percent.”

Source: according people’s daily online

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