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H.E. Sok Siphanna talks about the potential of rice trade

H.E. Sok Siphanna talks about the potential of rice trade

(in Khmer language)

Part 1:

Part 2:

Posted November 13, 2010 by viCheth

Quotes

New Market Research Report: Cambodia & Laos Telecommunications Report Q4 2010

Fast Market Research recommends “Cambodia & Laos Telecommunications Report Q4 2010″ from Business Monitor International, now available

FOR IMMEDIATE RELEASE

PRLog (Press Release–Nov 06, 2010) – Few new data regarding the telecommunications markets of Cambodia and Laos have been disclosed since our last update, with the situation in Cambodia urgently needing clarification as various players offered up wildly conflicting views on the size of the market, which range from 3.7mn to 7.1mn subscribers. Several operators, which rely heavily on prepaid services for growth, have yet to eliminate inactive and unregistered subscriber data from their records, and they continue to report heavily distorted user numbers. Others – such as Mfone and Axiata (hello) – have seen significant reductions in subscriber numbers as a result of record-keeping clean-ups, while smaller operators remain uncommunicative. We continue to believe that the market supported 5.4mn subscribers at the end of 2009, a view also held by VimpelCom of Russia. The market grew rapidly on the back of aggressive price competition in 2009 and, with new curbs on tariff changes effected early in 2010, we expect more moderate growth going forward.

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Posted November 7, 2010 by viCheth

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First modern abattoir planned for Kingdom

First modern abattoir planned for Kingdom

PP Post, FRIDAY, 05 NOVEMBER 2010 15:02 IM NAVIN

MONG Reththy Group plans to invest US$1.5 million to $3 million to build Cambodia’s first modern slaughterhouse in Phnom Penh next year.
Mong Reththy, local tycoon and senate member, said the new abattoir would ensure meat quality and provide sanitary conditions in which to kill animals. He said Cambodia needed a modern slaughterhouse to maintain people’s health.
“Our neighbouring countries already have modern slaughterhouses, so we have to.”
But he warned the slaughterhouse would not be built until next year because there were not enough pigs and cows in the country to support it.
He called on farmers to raise more pigs to meet demand.

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Posted November 7, 2010 by viCheth

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Riel reacts on Fed stimulus

In Banking, Business, Economy, Monetary on November 7, 2010 by viCheth

PP Post, FRIDAY, 05 NOVEMBER 2010 15:02 NGUON SOVAN

CAMBODIA’S riel appreciated to 4,135 against the greenback at some money lenders yesterday, as the United States announced huge quantitative easing measures to kick start its economic recovery.
The value of the dollar has slipped since the Federal Reserve announced a plan on Wednesday to spend US$600 billion on government bonds over the next year as part of a scheme of quantitative easing.
The news – which was higher than many forecasts – lifted hopes that the world’s biggest economy could see stronger growth, although some policy makers fretted about the knock-on effects for Asian economies.
The dollar fell against other currencies following the Fed decision. It fetched 80.82 yen in Tokyo trade yesterday, slipping from 81.12 late on Wednesday in New York.
The dollar had fallen over the past few weeks as dealers anticipated the move, at one point hitting a 15-year low of 80.21 against the yen.
Meanwhile, the riel has appreciated after a six-month decline.

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Cambodia, China announce 1.6billion dollar deal: officials

In Economy, Foreign Aid, Government on November 4, 2010 by viCheth

Thursday, November 04, 2010
AFP

Hun Sen toasting Wu Bangguo (AFP)

China’s Wu Bangguo (L) toasts with Cambodian Prime Minister Hun Sen

PHNOM PENH — China will inject 1.6 billion dollars into Cambodian infrastructure over five years, officials said Thursday, just days after the US urged the country not to become too dependent on the Asian giant.

"Within the next five years, Cambodia and China will have 23 co-operation projects," government spokesman Khieu Kanharith told reporters after a meeting between China’s top legislator Wu Bangguo and the Cambodian Prime Minister, Hun Sen.

Hydropower dams, mining projects, bridges and railway linkswould be among the initiatives funded by China between 2010 and 2015, he added.

At their meeting in Phnom Pehn, Wu and Hun Sen witnessed the signing of 16 deals, including a loan agreement arranged by the Bank of China that will see Cambodia’s largest mobile operator CamGSM borrow over 590 million dollars.

China also plans to help Cambodia build a new railway to neighbouring Vietnam, providing one of the last missing links for a pan-Asian network that would connect Singapore with China’s Kunming by train, according to the spokesman.

He said Wu also promised to boost Chinese direct investment in the kingdom, which so far this year stands at 610 million dollars.

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Rice is right at trade fair

In Agriculture, Business, Economy, Foreign trade on November 4, 2010 by viCheth

PP Post, THURSDAY, 04 NOVEMBER 2010 21:04 SOEUN SAY

Indonesia is considering buying 300,000 tonnes of Cambodian rice, according to its ambassador.
Speaking at the Indonesian Trade Fair (pictured right) on Phnom Penh’s Diamond Island, Indonesian ambassador Soehardjono Sastromihardjo said that Cambodian rice imports were on the agenda.
“We want to import rice to our country. Now, we are looking for a lot [from Cambodia] – about 300,000 tonnes,” he said.
The ambassador hoped that trade between the two nations would also increase this year, perhaps by as much as 20 percent, and could be worth US$250 million in 2010. In addition, he said that Indonesia “wants to sell agricultural machinery to Cambodia, but now we are still in negotiations”.

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Licences granted for Kingdom’s bourse

In A road to establish a Stock Market, Banking, Economy, Finance, Stock Investment on November 4, 2010 by viCheth

PP Post,  TUESDAY, 02 NOVEMBER 2010 19:37 NGUON SOVAN

Capture

 

Fifteen companies have been officially granted licences by the Securities and Exchange Commission of Cambodia to act for the Kingdom’s first stock exchange.

Commission chairman and Economy and Finance Minister Keat Chhon said granting the licences was a key step towards the bourse, scheduled to launch in July next year “at any cost”.

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