Showing posts with label Investors. Show all posts
Showing posts with label Investors. Show all posts

Monday, December 03, 2007

Thein Sein wants to Cambodia to channel tourists visiting Siem reap to continue their travel to Burma

Monday, December 3, 2007
Everyday.com.kh
Translated from Khmer by Socheata

General Thein Sein, the Burmese prime minister, who came to visit Cambodia since 30 November, said that in addition to holding discussions with Hun Sen about political issues, he wants to push for a channeling of tourists visiting Siem Reap to continue their travel to the Burmese ancient city of Pagan through direct flights linking Siem Reap and Pagan. The Burmese also want to help Cambodia in agriculture, and bamboo plantation. At the same time, Thein Sein asked Cambodia to expand commerce between the two countries because, currently, the commercial exchange between the two countries amounts to $200,000 only. Thein Sein also asked the royal government of Cambodia to steer investors to Burma also because Burma has a lot of investment potentials. Thein Sein and his delegation returned back to Burma in the afternoon of 02 December after completing a 3-day visit in Cambodia.

Thursday, August 16, 2007

Diplomatic Feathers Unruffled by Failed Developer's Flight

Long Chhin standing near Hun Sen, waiting to greet a Chinese delegation (Top Left). Long Chhin welcomed by King-Father (Top Right). Long Chhin resort buildings (Bottom Left). King-Father's handwriting shown on Long Chhin resort entry date and signatures of Chea Sim and King-Father on Long Chhin documents (Bottom Right) (Photo: Sralanh Khmer newspaper)

Chun Sakada, VOA Khmer
Original report from Phnom Penh
15 August 2007


The decision to tear down an illegally erected series of villas on the outskirts of Phnom Penh is unlikely to hurt Cambodia's relationship with its large neighbor, China, officials said Wednesday, but it might strengthen the ruling party's support among the populace.

Long Chin, a Chinese citizen, built the villas on government land he did not own. He sold the villas and fled the country when the government learned what he had done. Authorities reclaimed the land and knocked down the buildings.

New-home buyers on the site have not been repaid their money, and Long Chin is gone, but the entire row is unlikely to ruffle any diplomatic feathers, officials agree.

"I think that it will not have an adverse effect on the relationship between Cambodia and China," said Son Chhay, a lawmaker for the Sam Rainsy Party. "China receives big benefits from the present government, compared to this minor loss of benefits from the Kap Srov lake development."

The demolition will more likely strengthen Prime Minister Hun Sen's political position ahead of the 2008 national elections, as it will showcase him as tough on land theft, observers said.

Ny Chariya, a human rights investigator for Adhoc, said the government's move will bolster its popular support.

He warned, though, that while Long Chin's company lost on a land grab, other companies continue to operate, especially on shallow lakes near the capital, which they are filling in for development.

This often hurts local residents, who rely on the seasonal lakes for fishing and farming.

"This is not a law enforcement. It is not an implementation of the rule of law. It becomes a threat to investment that [the government] does not like," Ny Chariya said.

Some observers warned that the demolition could worry future investors.

However, even one such demolition could give investors more confidence, said Kang Chandararoth, an economic researcher at the Cambodian Institute of Economic Research.

Other investors could become more fearful of breaking the law, he said, and use natural resources more responsibly.

"I think that legal investors will consider the law as supreme," he said. "They will not hesitate to invest in Cambodia. Those investors who do not want to come, or who are afraid, are those who will take advantage of our country. Therefore it is a good thing."

Monday, July 16, 2007

Japanese investors arrive in Cambodia today

Monday, July 16, 2007
Everyday.com.kh
Translated from Khmer by Socheata

The Japanese embassy in Cambodia said that a (Japanese) state delegation, and a large group of private Japanese companies will perform an official visit in Cambodia for 5 days from 16 to 20 July 2007. The visit of the delegation of Japanese investors is the result of the agreement signed on the liberalization and the protection of investment (trade pact) between Prime Minister Hun Sen and the Japanese Prime Minister during the former’s visit to Japan in June 2007. The Japanese delegation will include Kozo Yamamoto, the Japanese deputy minister of commerce and industry, and 30 Japanese company officials. The Japanese delegation will meet Hun Sen and several high ranking Cambodian government officials, and it will also visit the Sihanoukville port.