PHNOM PENH, July 18 (Xinhua) -- Cambodia raised inflation rate forecast to 5.5 percent this year, up from its earlier prediction of maximum 5 percent, said the Minister of Finance Keat Chhon (pictured) on Monday.
"As the globe is challenging with high unemployment rates and high inflation rates, Cambodia, a small country with open economy, is obviously unable to escape from these impacts," he said during a meeting with the members of parliament on budget draft for 2012' s expenditure.
"We hope that the rate will decline to 5 percent in 2012," he said.
The soaring price of petroleum is the main cause fueling the high rise of inflation rate in Cambodia, since the start of the year, the price of gasoline increased by 10.6 percent to 1.38 U.S. dollars a liter, up from 1.25 U.S. dollars in January.
The government's revised inflation rate is still lower than that forecast by the International Monetary Fund at 6.5 percent, but it is higher than the World Bank at 5 percent and the same as that of the Asian Development Bank.
Meanwhile, Keat Chhon said that the country's revised GDP (Gross Domestic Products) for 2011 is 6.1 percent and for 2012 is 6. 5 percent.
3 comments:
Koh Tral Island must not be forgotten
By Ms. Rattana Keo
Why do Koh Tral Island, known in Vietnam as Phu Quoc, a sea and land area covering proximately over 30,000 km2 [Note: the actual land size of Koh Tral itself is 574 square kilometres (222 sq miles)] have been lost to Vietnam by whose treaty? Why don’t Cambodia government be transparent and explain to Cambodia army at front line and the whole nation about this? Why don't they include this into education system? Why?
Cambodian armies are fighting at front line for 4.6 km2 on the Thai border and what's about over 30,000km2 of Cambodia to Vietnam. Nobody dare to talk about it! Why? Cambodian armies you are decide the fate of your nation, Cambodian army as well as Cambodian people must rethink about this again and again. Is it fair?
Koh Tral Island, the sea and land area of over 30,000 square kilometres have been lost to Vietnam by the 1979 to 1985 treaties. The Cambodian army at front line as well as all Cambodian people must rethink again about these issues. Are Cambodian army fighting to protect the Cambodia Nation or protecting a very small group that own big lands, big properties or only protecting a small group but disguising as protecting the Khmer nation?
The Cambodian army at front lines suffer under rain, wind, bullets, bombs, lack of foods, lack of nutrition and their families have no health care assistance, no securities after they died but a very small group eat well, sleep well, sleep in first class hotel with air conditioning system with message from young girls, have first class medical care from oversea medical treatments, they are billionaires, millionaires who sell out the country to be rich and make the Cambodian people suffer everyday.
Who signed the treaty 1979-1985 that resulted in the loss over 30,000 km2 of Cambodia??? Why they are not being transparent and brave enough to inform all Cambodians and Cambodian army at front line about these issues? Why don't they include Koh Tral (Koh Tral size is bigger than the whole Phom Phen and bigger than Singapore [Note: Singapore's present land size is 704 km2 (271.8 sq mi)]) with heap of great natural resources, in the Cambodian education system?
Look at Hun Sen's families, relatives and friends- they are billionaires, millionaires. Where did they get the money from when we all just got out of war with empty hands [in 1979]? Hun Sen always say in his speeches that Cambodia had just risen up from the ashes of war, just got up from Year Zero with empty hands and how come they are billionaires, millionaires but 90% of innocent Cambodian people are so poor and struggling with their livelihood every day?
Smart Khmer girl, President Ms. Rattana Keo,
Since when does "high unemployment" causes high inflation Mr. Keat Chhon? I hope it was translated because it sounds stupid for a minister of finance to say.
សូមខ្មែរយើងកុំអាល់អរពេក! យើងបានឈ្នៈដីមួយកញ្ចុបនោះមែនតែកុំភ្លេចថាព្រំដែនខាងកើតរបស់ខ្មែរយើងបានរំកិលមកដល់ជាប់នឹងព្រំដែនថៃទៅហើយបងប្អូនខ្មែរអើយ! អាយួននិងពួក
អាកញ្ជៈយួនពួកវាកំពុងតែបញ្ឆោតឱយខ្មែរទូរទាំងប្រទេសមើលឃើញតែខាងលិចឈ្លានពានខ្មែរតែប៉ុណ្ណោះ ដើម្បីកុំឱយយើងចាប់អារម្មណពួកអាខាងកើត។
ឱកូនខ្មែរអើយជិត៤០ឆ្នាំនេះទឹកក្តៅដែលយួនវាកំពុងដាំនោះ ឥឡូវទឹកវាចាប់ផ្តើមពុៈហើយ ដូច្នេះ
កង្កែបខ្មែរអើយគួរគិតយ៉ាងណា? បើយើងមិននាំគ្នាធ្វើឱយភ្លើងចង្រា្កននេះវារលត់ទេ
នោះ កង្កែបខ្មែរដែលនៅក្នុងឆ្នាំងយួនទាំងប៉ុន្មានគឺ
ពិតជាផុយទាំងស្បែកហើយ។ (ខ្មែរឈាមសុទ្ធ)
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