Saturday, April 26, 2008

Cambodia takes steps to rein in infaltion

Saturday, April 26, 2008
Asia Pulse

Phnom Penh, Apr 25, 2008 -- Cambodia's Prime Minister Hun Sen has said that his government is taking appropriate measures to hold back fast price rises, including raising salary and reducing import tariffs on some of the consumer goods.

He told the 13th Government Private Sector Forum (GPSF) opening on April 23 in Phnom Penh that salary levels of government officers will be increased by 20 percent while those for teachers will enjoy a 10 percent rise. The allowances for families of government officers and army servicemen will be doubled.

The Cambodian government has also called on the public sector to curb oil and gas expenses and announced a ban on rice exports for two months in order to stabilise domestic food prices.

PM Hun Sen said he had asked the Finance Committee to cut down import taxes on some of the consumer goods and consider maintaining or raising tariffs on luxury goods such as automobiles, motorbikes and cigarettes to ensure a healthy state budget.

PM Hun Sen said the current price rises in Cambodia are mainly attributed to increasing domestic demand on goods, food, houses and construction due to robust economic growth, a surge in world oil and gas prices and strong economic development in China, India and other Asia.

The US dollar depreciation is also an inflation-causing factor, he added.

The GPSF is annual forum funded by the International Finance Corporation and the Government of Australia through AusAid, its official development assistance agency.

6 comments:

Anonymous said...

Can't ask for anything more.

Thank you PM!

Anonymous said...

Will it be his good tactic to persuade poeple to vote for him? Never believe a puppet! He's cheapest
ruler in his characteristic and personality in the world.

Anonymous said...

Well he just woke up and wind without nonsence to help country.If He was good enought in khmer blood ,should due.
#1--- stop selling rice to viet nam (viet nam is # 2 export rice in the world.)####
#2----control rubber plant in khmer handle .
#3---all controler must be khmer system ( not Veit nam )
#4----all land must be tax on 2 heta up .

Anonymous said...

I like this story. Someone posted it in the previous comment. So I just copy and paste it here.
----------------------

A True story

Hi everyone, I just came back from Cambodia. When I was there, I learned about a funny story in my village:

Srok Kandal Stoeung, Khat Kandal there is a farmer who has a bull. He can’t control this bull. It has never listened to him or anyone. If he pulls it to the right, it refuses and pulls back to the left. It refuses to pull the cart. It tries to charge anyone who walks by. The owner can’t tie him with any rope. It always breaks the ropes. So the owner has to use the chain instead. One thing this bull is good at is the breeding with the female.

One day his brother who lives in Phnom Penh visited him. When he saw the behavior of the bull, he said to him.

-Brother, you better change its name from “Ah Tnot” to “Ah Rainsy”.

-What do you mean brother? I don’t understand. You are working for Mr. Rainsy, right? This name is your boss’s name, right?

The brother did not answer him but he laughed.

From that day on the farmer did not dare to call the bull Ah Rainsy but his children and the villagers did call Ah Rainsy. He tried to stop them but they would not listen. They thought it was a funny name.

The farmer couldn’t take it anymore. A year later he sold the bull to Vietnam.

==The End==

Anonymous said...

To 12:54AM

What? What is your point? Is this is suppose to be a funny joke?

I am not laughing!

By the way, bull, buffalo, cow, and pig and dog, chicken... had been domesticated by human for tens and thousands of years! And for any farmer who can't train his domestic animal to do the job for him is pure stupidity and he can't go around blaming other people for his stupidity! Who will give a fuck if this stupid farmer sells his bull to the Vietcong because it is his lost!

Anonymous said...

Hey 12:54 AM
I like this story too. I used to raise cows when I was young. Some cows are like that.

I read it twice before I understand what the story is about. Yes, Rainsy is a hard head person like that bull.