via Khmer NZ News Media
Asia-Pacific air growth heads for the skies
Tuesday, 08 June 2010 15:00 Jeremy Mullins
BERLIN – The airline industry should be profitable this year for the first time since 2007, led by strong growth in the Asia-Pacific region, the International Air Transport Association said on Monday. “We are upgrading our global industry forecast to a full year profit of US$2.5 billion (€2.1 billion),” IATA director general Giovanni Bisignani told the annual general assembly in Berlin. In March, IATA estimated its members would post a loss of about $2.8 billion this year, following a shortfall of 9.4 billion dollars in 2009. Bisignani said that while the industry would be profitable, "with a (profit) margin of 0.5 percent it will be a modest party." In 2007, before the global financial crisis broke, airlines posted combined profits of $12.9 billion. The recovery will be uneven, the IATA head warned, but “Europe with its weak economy will be the only region in the red, with a 2.8 billion (dollar) loss.” Last year, European airlines lost 4.3 billion dollars.
VN names task force on sustainable agriculture
Tuesday, 08 June 2010 15:00 Jeremy Mullins
THE government of Vietnam launched a public-private task force with twelve international firms to advance sustainable agriculture in Vietnam, a release said. The task force is intended to leverage public and private investment on both a strategic and operational level. “Government and business share the same goal: We both want to see strong and sustainable growth in Vietnam’s agriculture sector,” Vietnam’s minister of agriculture and rural development Cao Duc Phat said at the World Economic Forum that concluded today in Ho Chi Minh City. Participating firms include Archer Daniels Midland (ADM), Bunge, Cargill, Dupont, METRO Group, Monsanto, Nestlé, PepsiCo, Swiss Re, Syngenta, Unilever and Yara International, according to the release.
Lake Dispute: Residents of Boeung Kak appeal to PM
Tuesday, 08 June 2010 15:01 Kim Yuthana
Lake Dispute
About 100 families from the city’s Boeung Kak lake area delivered a letter to the Council of Ministers on Monday, asking Prime Minister Hun Sen to spare their homes, which are slated to be demolished as part of a controversial development project. “We are very concerned that the master plan for development of Boeung Kak lake ... will encompass our houses,” said Ly Mom, a representative of the families from the lake’s Village 24. Saing Oun, an official with the Committee of Land Dispute Resolution at the Council of Ministers, confirmed that he had received the residents’ letter.
Blood Suckers: Villagers in R’kiri fear deadly spirits
Tuesday, 08 June 2010 15:01 Tep Nimol
Blood Suckers
Residents of Ratanakkiri province’s Korng Nork village fear that vampire-like spirits are responsible for the recent deaths of two men, a local official said Monday. Tan Suong, the deputy chief of Voeun Sai district’s Kok Lak commune, which borders Korng Nork village, said the men were found dead on their farms last month with wounds on their necks that looked like bite marks. “Villagers are now very scared because they believe that the deaths were caused by spirits who got angry with the men and sucked their blood,” Tan Suong said. Local residents, he added, had made offerings of meat and rice spirit in the hope of pacifying the angry spirits. Huoy Vannara, head of the communicable diseases office at the Ratanakkiri provincial health department, said the men died of natural causes. “I have already sent officials to educate the villagers and explain that the men were not killed by vampires,” he said.
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