S. Korea To Continue To Assist Cambodia’s IT Field
Phnom Penh, March 10, 2011 AKP – The Woongjin Energy Company of the Republic of Korea is planning to help Cambodia in preparing an IT system master plan.
During a meeting here on Tuesday with Cambodian Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen, visiting Chairman of Woongjin Energy and Korea Advanced Institute of Science and Technology (KAIST) Mr. Oh Myung said his company will continue to assist Cambodia in IT field, particularly in preparing an IT master plan.
He further noted that Cambodia has a lot of young human resources, especially in IT field, Ieng Sophalet, assistant to the Cambodian premier told reporters upon the meeting.
Mr. Oh Myung, former deputy prime minister of South Korea, also informed Samdech Techo Hun Sen of the construction of a portion of National Road 3 by Woongjin Energy, which is expected to complete before the Khmer New Year in April.
In reply, the Cambodian prime minister highly appreciated the road construction, which will finish ahead of schedule, stressing the importance of National Road 3 for salt transportation and distribution.
Samdech Techo Hun Sen also welcomed and asked the South Korean company’s to continue to help Cambodia’s IT field, so as to integrate State and private IT system. –AKP
By SOKMOM Nimul
Cambodia Opens Symposium to Promote Growth in GMS Southern Economic Corridor
Phnom Penh, March 10, 2011 AKP — Cambodia opened here yesterday a regional symposium on the development of the Southern Economic Corridor (SEC) to find ways to attract investment and promote sustainable growth along the SEC of the Greater Mekong Subregion (GMS).
The two-day symposium – “Synergizing Private Sector Dynamism and Public Planning”– brings together some 200 participants, including provincial government officials, private stakeholders experts, and development partners from 43 provinces along the SEC in Cambodia, Lao People’s Democratic Republic (Lao PDR), Thailand, and Viet Nam.
The symposium, organized by ADB and funded by the Australian Agency for International Development (AusAID), will discuss progress in trade and transport development along the SEC, said an ADB press release dated Mar. 9, adding that there will be sessions on central and provincial government policies, the private business environment, and the potential of enterprise clusters and cross-border economic links in manufacturing, agro-business, and tourism for SEC development.
The GMS countries envision the SEC as an engine of economic growth and social development, creating jobs, increasing incomes, reducing poverty and improving the living conditions of the people in the corridor and surrounding areas while ensuring that its development is inclusive and sustainable.
Through the private sector-driven economic corridor approach, ADB is extending the benefits of improved transport links to remote or landlocked regions in the GMS. These regions are poorly linked to more prosperous and accessible neighboring areas.
At the symposium, governors from SEC provinces will speak on the role of provincial authorities in corridor development. They will discuss initiatives to promote and facilitate the development of the SEC, difficulties encountered in expanding trade and investment, and ways of strengthening cooperation and coordination between provincial authorities and the business sector.
The GMS comprises of Cambodia, the People’s Republic of China (PRC, specifically Yunnan Province and Guangxi Zhuang Autonomous Region), Lao PDR, Myanmar, Thailand, and Viet Nam. The East-West Economic corridor, the North-South Economic corridor, and the SEC are designated as flagship initiatives by the GMS countries.
By the end of 2010, ADB had extended funds totaling almost US$4.7 billion for 55 investment projects under the GMS Programs with a total project cost of about US$11.6 billion, and an additional US$231 million of grants for technical assistance.
Australia is a key partner in the development of the SEC and the GMS. Through AusAID, Australia is providing US$43.5 million to upgrade the Southern Coastal Corridor in Cambodia and Viet Nam. Australia is providing more than US$302 million for other critical infrastructure and trade projects in the GMS. This will help increase economic integration, access to markets and basic services, as well as providing employment opportunities for poor people in the subregion.
ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members – 48 from the region. –AKP