Tuesday, 20 April 2010

DAP News ; Breaking News by Soy Sopheap

via CAAI News Media

49 Died and other 530 Injured in Khmer New Year

Monday, 19 April 2010 04:38 DAP-NEWS/ Tep Piseth

PHNOM PENH, April 19- 49 people killed and other 530 injured from road accident in Khmer New Year, according to the road safety committee’s report said Monday.

It added that death number from road accident dropped only three people but number of injuries increased about 50 people if comparing with last year. Battambang province died 10 from the accident and stood in the top row. Three reasons stood top ranges of the accidents from the high speed, does not respect law of land traffic, and alcohol drank during driving, it said.

In 2009, about 1700 people died from road accident and lost 250 million us dollar money and property.

Former Secretary General of Vietnamese Communist Party to Visit Cambodia

Monday, 19 April 2010 04:43 DAP-NEWS/ Tep Piseth

PHNOM PENH, April 19 - Former secretary general of Vietnamese community party Le Kha Phieu will visit Cambodia in mid May, according to the statement from the senate seen by Dap News on Monday

Le will pay courtesy call with Samdech Chea Sim, president of the senate on May 12, the statement said, adding that his visit is for strengthening bilateral cooperation between the countries.

Khmer Kampcuhea Krom in Mekong delta of South Vietnam and border issue is a sensitive issue for two countries. Both sides have tried to commit to live in harmony as good neighboring countries.

His biography said that Le Kha Phieu was born December 27, 1931 at Đong Khe Commune, Đong Son District, Thanh Hóa Province and he was the General Secretary of the Communist Party of Vietnam from December 1997 to April 2001.

4.5 Per Cent GDP Growth for Cambodian Economy in 2010: ADB

Monday, 19 April 2010 05:06 DAP-NEWS/ Tep Piseth

Phnom Penh, April 19-The Asia Development Bank announced on April 13 that Gross Domestic Growth (GDP) of Cambodian economic growth will project for 4.5 per cent in 2010 after the world economy recovered from the financial crisis.

The statement continued that the economic prospects in 2011 will project about 6 per cent for the GDP growth.

“If global economic growth is in line with the Asian Development Outlook
2010 assumptions and if the weather allows for reasonable crops in Cambodia, GDP is projected to rebound by 4.5% in 2010,”the statement said, adding that the assumed lift in US consumer spending will likely result in only a mild recovery in demand for Cambodian garments, however, owing to the industry’s loss of competitiveness to other suppliers.

In Southeast Asia, aggregate growth is likely to rebound to 5.1% in 2010, from just 1.2% in 2009, when five of ten economies contracted (Brunei Darussalam, Cambodia , Malaysia , Singapore , and Thailand ). The bounce back is due in large part to the revival of global trade and rising investment. The pace of growth is likely to quicken a bit in 2011. “Developing Asia's recovery has taken firm hold and a return to stronger and sustainable growth is now in sight if the region can meet the challenge of strengthening domestic demand,” ADB Chief Economist Jong-Wha Lee quoted his statement as saying.

Growth in services slowed to about 1.5%, principally a reflection of a decline in tourism receipts as global travel waned, and of border tensions with Thailand, a country through which many tourists transit. Total tourist arrivals rose by 1.7% in 2009 (to 2.2 million), pushed up by increases of about half from neighbors the Lao People’s Democratic Republic and Viet Nam .

However, the number of higher-spending tourists from the Republic of Korea (hereafter Korea ) and Japan fell by 26% and 11%, respectively.

It stressed that foreign direct investment inflows fell by an estimated 27 % to 593 million, reflecting the financial crisis and global recession, but donor inflows remained buoyant, and international reserves increased to around $2.4 billion, equivalent to more than 4 months of projected imports.

An analysis conducted by multilateral organizations in late 2009 concluded that Cambodia’s external public debt remains sustainable and that the risk of debt distress is moderate. Such debt at year-end was estimated at $3.2 billion (up slightly from end -2008, mostly on concession terms. Most external private debt is in the form of trade credits.

Last week, World Bank also announced that that Cambodian growth is projected at 4.4 percent for this year and expected higher at 6 percent for next year thanks to the regional economic recoveries.

Cambodian Side of Khmer Rouge Tribunal Exhausts Fund

Monday, 19 April 2010 06:54 DAP-NEWS/ Tep Piseth

PHMON PENH, April 19 – Cambodian Deputy Prime Minister Sok An told the U.N. officials on Monday that Cambodia is seeking donors to pay for its staffs.

Sok An, who is also minister in charge of the office of the council of ministers, told Ms. Patricia O’Brien—Under-Secretary-General for Legal Affairs, The Legal Counsel—that “we, Cambodian side, is to be exhausted in the next two weeks from now”.

“The Deputy Prime Minister and the Legal Counsel express their concern about the financial situation, including the cash flow, of the ECCC,” said the joint release.

Cambodian side of the court spends about $500,000 US a month for payments of 294 staffs who worked for the Extraordinary Chambers in the Courts of Cambodia (ECCC).

The Cambodian side has remained $200,000 US in hands.

Patricia O’Brien, Under-Secretary-General for U.N. Legal Affairs, told Sok An that U.N. is to lobby the international community to assist Cambodia concerning the lacks of fund.

Washington, who injected $1.8 million in 2008 for the U.N. side of the court, has pledged another $5 million last month which will be channelled through the U.N. side.

The UN-backed tribunal, which started its work in 2006, has sought more than $140 million to support the whole process of Khmer Rouge trial which is expected to last for couple of years.

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