Tuesday, 22 June 2010

DAP News ; Breaking News by Soy Sopheap

via Khmer NZ News Media

Cambodia hosts seminar on role of macroeconomic policies after global financial crisis

Tuesday, 22 June 2010 11:22 DAP-NEWS

Cambodia in cooperation with UNESCAP on Tuesday conducted a seminar on “Response to Global Financial Crisis in Asia-Pacific and role of macroeconomic policies to ensure about financial development of country and economic growth and implementation in millennium development.

“The workshop is jointly organized by UNESCAP and the Ministry of Economy and Finance to provide an opportunity for Cambodia’s high level officials, policy makers and experts to conduct a focused discussion of concrete policy options to address challenges facing the country’s economy,” the statement from Ministry of economy said, adding that UNESCAP has invited experts and high level officials from key partner countries of Cambodia such as China, Thailand, Viet Nam, Republic of Korea, and India as well as experts from ESCAP, ADB, UNDP, IMF and the World Bank.

The seminar will be strengthening the response to the global financial crisis in Asia-Pacific: the role of macroeconomic policies”. “Over the next three days, we will examine aspects of monetary, fiscal and exchange rate policies that can be streamlined to help the country prepare for the future,” Douglas Broderick, UN resident coordinator. He added that the United Nations Economic and Social Commission for Asia and the Pacific, ESCAP, is great for hosting this timely event.

He continued that investment in social safety nets now will have positive effects for Cambodia long after Cambodia’s economy has fully recovered. It is the UN’s view that a strong social safety net system should complement other measures taken to strengthen the country’s economy, such as a trade diversification strategy, as well as effective monetary, fiscal and macroeconomic policies.

“the system could include conditional cash transfers, labor-based public works schemes and food for work, civil service pensions and health insurance. Already, informal social safety net programmes are being implemented by Government, development partners and civil society. But there are limited formal programmes in place,” he noted.

“The economic downturn threatened Cambodia’s progress in reducing poverty, which is the first of the Millennium Development Goals. We remain concerned about the effects that the current global economic crisis will have on achieving these Goals. As Cambodia regains its economic momentum, we need to work harder than ever to ensure these goals are reached,” he added.

He said that over the past two years – as in many countries in the region and around the world – Cambodia has suffered significant job losses, particularly in the garment and construction sectors. We have also seen a reduction in household income for many homes. In this context, we should not only be concerned about the 30 percent of Cambodians who live in poverty – we must also consider those who live just above the poverty line. Poor and near poor households that suffered losses of income and savings as they struggled to get through the recent lean times will take time to rebuild and recover.

King- Father Norodom Sihanouk, Queen-Mother Norodom Monineath Sihanouk, and King Norodom Sihamoni to Pay a four-day private visit to Vietnam

Tuesday, 22 June 2010 11:18 DAP-NEWS

CAMBODIA, PHNOM PENH, JUNE 22, 2010- The Khmer Nation’s King-Father Norodom Sihanouk, Queen-Mother Norodom Monineath Sihanouk, and King Norodom Sihamoni on Tuesday of June 22, 2010 will pay a four-day private visit to Vietnam.

In a four-day private visit to Vietnam, King-Father Norodom Sihanouk, Queen-Mother Norodom Monineath Sihanouk, and King Norodom Sihamoni will be accompanied by Senate President Chea Sim, National Assembly President Heng Samrin, and Prime Minister Hun Sen as well as many other high-ranking officials in the Kingdom of Cambodia.

King-Father Norodom Sihanouk, Queen-Mother Norodom Monineath Sihanouk, and king Norodom Sihamoni will be invited to privately visit Vietnam by Vietnamese President Nguyen Minh Triet.

France helps fighting fake medicine in Cambodia

Tuesday, 22 June 2010 11:14 DAP-NEWS

France on Tuesday provided 123, 5 00 Euro to fight against illegal and fake medicines in Cambodia for 2010 project.

The signing ceremony of one of two conventions was inked at Cambodia’s foreign ministry between H.E. Mrs SUN Saphoeun, Secretary of State of the Ministry of Foreign Affairs and International Cooperation and H.E. Jean-François Desmazières, Ambassador of France in Cambodia.

Those fake medicine has affected health’s local people and others and the project is under the framework of Mekong river Cooperation including Vietnam,, Laos and Cambodia in combating illegal and fake drugs in region,” Jean said.

The fund will be used to train experts, promote law enforcement, and inspired the inter-ministry,’ he noted. Cambodia is working with other countries to fight against illegal and fake drugs.

Cambodia is one of country related with fake malaria drug and that is core of treatement because those malaria drugs are accustomed with medicine. Infected people are not cured properly.

Malaysians look to invest in rice, rubber, palm oil in Cambodia

Tuesday, 22 June 2010 11:11 DAP-NEWS

PHNOM PENH, June 22, 2010 (DAP) – New Malaysian ambassador to Cambodia told Deputy Prime Minister Sok An on Tuesday that Malaysian investors are interested in investing in rice, rubber and palm oil plantations in Cambodia.

“We (Malaysia) import lots of rice from Thailand and Vietnam, we now look to import rice from Cambodia in the future,” the ambassador Pengiran Haji Mohd Hussein bin Datuk Pengiran Haji Mohd Tahir Nasruddin told Dr. Sok An, who is also minister incharge of the Office of the Council of Ministers.

The ambassador said that “we can produce high quality of rice and export it to Malaysia.”

He also said that Cambodia has potential in producing halal food.

In response, Sok An said Cambodia has high potential in rice production.

Cambodia produces over 7 million tones of rice a year and it has3 million tones surplus of rice for export after allocating 4 million tones for domestic consumptions, he said.

“Cambodian farmers do not want to sell its rice surplus to middleman of Vietnam and Thailand but they (Cambodian farmers) have not option because they do not have facilities to store their crop, they do not have processing plant to process rice for exports,” said Dr. Sok An.

Sok An encouraged Malaysian investors to invest in setting up processing plant for packing rice for exports.

“We need your investment.”

So An also said that Cambodia, which has potential in rubber plantations, has 600,000 hectares of red soil for rubber plantations.

“You have investment capital, we have natural resources. It is a good complementary.”

Malaysia is one of this Southeast Asian nation’s key foreign direct Investment (FDI).

The five business agreements, worth US$1 billion, were signed in May between the private sectors of Malaysia and Cambodia during the visit of Malaysian Prime Minister Datuk Seri Najib Tun Razak to Phnom Penh.

Cambodia will discuss with UN on sending more soldiers to Lebanon

Tuesday, 22 June 2010 10:36 DAP-NEWS

Prak Sokhon, Minister attached with Prime Minister Hun Sen and head of national coordinating committee of sending troops to UN peacekeeping mission said on Tuesday that three Cambodian officials will go to UN office tomorrow to discuss about sending more troops under the umbrella of UN mission to Lebanon.

We will discuss on MOU and if we reach to the agreement, we will send about 400 soldiers for humanitarian affairs under the umbrella of UN peacekeeping mission to Lebanon,” he said.

Cambodia send over 509 mine cleaners to Sudan under UN mission since 2006 and the last group left here yesterday and last from Sudan returned here this morning.

Cambodia’s 94 Social Order Forces and Mine-clearers to return from Jordan and Chad

Tuesday, 22 June 2010 10:02 DAP-NEWS

CAMBODIA, PHNOM PENH, June 22, 2010 -The Ministry of National Defense on Tuesday morning of June 22, 2010 will hold the repatriation ceremony of the Royal Cambodian Armed Forces who were on the International mission to help clear mines in Jordan and Chad under the presidency of Vice Prime Minister and Minister of National Defense Tea Banh at the Military airport in Phnom Penh.

“94 Royal Cambodian Armed Forces will be repatriated to Cambodia from Jordan and Chad,” Mr.Chhum Socheat, Ministry of National Defense’s Spokesman, told DAP-News Center.

“The 48 Royal Cambodian Armed Forces from the division 405 were on one-year International mission to help clear mines in Jordan and in Chad and Chad’s 41 Social order forces from the division 306 were also on seven-month International mission in these two nations,” General Chhum Socheat confirmed.

Mr. Goughlas Broderick, U.N mediator to Cambodia, and hundreds of Military officers also participated in the repatriation ceremony.

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