No stock market in Cambodia in a foreseeable future (2)
Contrary to several official announcements in a recent past, Cambodia will not be able to set up any stock market in a foreseeable future. Even the South Korean companies the Cambodian authorities had strongly hoped that they would help establish a Bourse in Phnom Penh, have given up the idea because there is no reliable accounting system in Cambodia. Any listed companies would have to present credible financial statements and records over several consecutive years, which is virtually impossible to obtain in a country plagued with corruption and lawlessness.
Vietnam has already developed a relatively small but booming stock market whose value grew 20-fold in 2006 and by over 30 per cent this year, which probably represents the best performance in Asia.
CPP has already won the control of 10 communes before Voting Day (1)
Out of the country's 1,621 communes there are 10 communes situated in the most remote districts of some remote provinces where the Cambodian People's Party is the sole party to have fielded candidates for the commune council election that will take place on April 1 this year. Therefore, the CPP can already be considered as the winner for those 10 communes (6 in Ratanakiri, 2 in Pursat, 1 in Preah Vihear and 1 in Koh Kong province).
The CPP will compete only with the opposition Sam Rainsy Party, giving voters a clear-cut choice in a two-party race, in 12 communes (5 in Phnom Penh, 3 in Kompong Cham, 3 in Mondulkiri and 1 in Kandal province).
The CPP will compete only with the SRP and the Norodom Ranariddh Party, in a 3-party race, in 154 communes where the pro-CPP Funcinpec has not been able to field any candidate. Among the 154 communes, 69 are in Kompong Cham province, 42 in Kandal province and 14 in Phnom Penh.
Ranariddh prolongs self exile (2)
Fearing possible arrest in relation to several criminal lawsuits that have been or could be filed against him (fraudulent sale of the Funcinpec headquarters, dubious contract with a Taiwanese company for the renovation of the Phnom Penh Olympic Stadium, violation of the monogamy law), Prince Norodom Ranariddh is currently prolonging his self exile in Malaysia after staying in France for several weeks. He has recently sent two letters to Prime Minister Hun Sen and tried to call him several times on the phone, but has not received any response.
Jobs and justice versus alms (2)
The CPP is intensifying its electoral campaign based on massive donations in preparation for the commune council election to be held in two months. Money, food and clothes are being distributed to villagers throughout the country by CPP officials who are conducting an unprecedented membership drive. The SRP responds to the CPP propaganda by calling on the people's common sense and their aspirations for justice and a clean society. "They are stealing millions from the country and giving back pennies; take whatever they donate but vote for a new leadership that will fight corruption and provide the jobs you need to live decently [by bringing about an investment-friendly environment to soundly develop the economy while ensuring social justice]."
Click here for full text in Khmer.
[End]
Contrary to several official announcements in a recent past, Cambodia will not be able to set up any stock market in a foreseeable future. Even the South Korean companies the Cambodian authorities had strongly hoped that they would help establish a Bourse in Phnom Penh, have given up the idea because there is no reliable accounting system in Cambodia. Any listed companies would have to present credible financial statements and records over several consecutive years, which is virtually impossible to obtain in a country plagued with corruption and lawlessness.
Vietnam has already developed a relatively small but booming stock market whose value grew 20-fold in 2006 and by over 30 per cent this year, which probably represents the best performance in Asia.
CPP has already won the control of 10 communes before Voting Day (1)
Out of the country's 1,621 communes there are 10 communes situated in the most remote districts of some remote provinces where the Cambodian People's Party is the sole party to have fielded candidates for the commune council election that will take place on April 1 this year. Therefore, the CPP can already be considered as the winner for those 10 communes (6 in Ratanakiri, 2 in Pursat, 1 in Preah Vihear and 1 in Koh Kong province).
The CPP will compete only with the opposition Sam Rainsy Party, giving voters a clear-cut choice in a two-party race, in 12 communes (5 in Phnom Penh, 3 in Kompong Cham, 3 in Mondulkiri and 1 in Kandal province).
The CPP will compete only with the SRP and the Norodom Ranariddh Party, in a 3-party race, in 154 communes where the pro-CPP Funcinpec has not been able to field any candidate. Among the 154 communes, 69 are in Kompong Cham province, 42 in Kandal province and 14 in Phnom Penh.
Ranariddh prolongs self exile (2)
Fearing possible arrest in relation to several criminal lawsuits that have been or could be filed against him (fraudulent sale of the Funcinpec headquarters, dubious contract with a Taiwanese company for the renovation of the Phnom Penh Olympic Stadium, violation of the monogamy law), Prince Norodom Ranariddh is currently prolonging his self exile in Malaysia after staying in France for several weeks. He has recently sent two letters to Prime Minister Hun Sen and tried to call him several times on the phone, but has not received any response.
Jobs and justice versus alms (2)
The CPP is intensifying its electoral campaign based on massive donations in preparation for the commune council election to be held in two months. Money, food and clothes are being distributed to villagers throughout the country by CPP officials who are conducting an unprecedented membership drive. The SRP responds to the CPP propaganda by calling on the people's common sense and their aspirations for justice and a clean society. "They are stealing millions from the country and giving back pennies; take whatever they donate but vote for a new leadership that will fight corruption and provide the jobs you need to live decently [by bringing about an investment-friendly environment to soundly develop the economy while ensuring social justice]."
Click here for full text in Khmer.
[End]







