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]
8 comments:
The rulimng party shows responsibility by not establishing stockmarket before they can assure a proper financial reporting system.
SiS
CPP is not the only party that buys votes; so is SRP.
The only difference is that the former has far more money to play with.
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]."
Oh plzzzzz, enough with the
preaching, SRP. Just tell us how
many decent jobs have you created
in the last couple decades or so.
Trying to pull khmer leg with
your fairy tales accomplishments
will not help you in any election,
okay.
Therefore, try to better prepared
for the 2008 general election by
bringing in some decent jobs or
any type of jobs to backup you
claim that you are capable to
create jobs in Cambodia. Doesn't
that make senses? Right now, a
vast majority of khmer view you
as troublemakers who impeded
against Cambodia progress, but it
is not too late to change, if you
want to stay in politic.
That is a form of bribery from CPP right on a broad day light.
THAT NEEDS TO STOP IMMEDIATELY!!!!
NO FOOD, NO MONEY, NO CLOTHING IS TO BE GIVEN BY ANY PARTY BEFORE THE ELECTION.
THAT IS LIKE BRINGING THE BILLIONAIRE THACKSIN TO CAMBODIA!
MIGHT AS WELL LET HIM RUN THE COUNTRY WITHOUT VOTING. NO WONDER THAI'S KING AND MILITARY GROUP GOT HIS ASS OUT OF BANGKOK! AND SHAME ON YOU CPP!!!!!!!
Wrong, it is no different from
passing out souvernirs like little
Khmer flag, pen, matches, ..., and
what have you for people to
remember that you have done well
for the last few years or so.
You are just jealous because we got
skills to rule and you only got
loud mouth to whine.
CPP AND THEIR BOUGHT FOR LIFE SLAVE STAND FOR UGLY KHMERS.
Fellow KI-Media readers,
Be advised that we have Viet trollers pretending to be Khmer in our hand here on KI. One typical common language of theirs is pretty much the same - calling us all (racist) Ethiopian fleas. Another one with broken khmerEnglish portrayed himself as "KMENG WAT KNONG SROK" (my translation of that nick would be: local pagoda's thug)...So please beware and just ignore them. We cannot be distracted by these Viet trollers. These killers Viets are specifically no different than the killers Viet behind the Killing Fields.
Passer-by Guest
Vietcong go home!
Stop trying to change the subject
you Ethiopians tics.
We all know you are here to sell
your stupid obsolete weapons to
us for our oil so that we will
distroyed what we have lelf, that
is why you created high tension
between Khmers, and Khmers and its
neighbors.
But unfortunately for you, you
ain't smart enough for that.
And last but not least, don't even
try to whitewash your crime against
khmer people also for burning
our country down to the ground in
the 70's. Capice?
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