Archive for August 2nd, 2008

Friday, 1.8.2008: Agreement on the Protection of Activities and on the Promotion of Investments between Cambodia and Japan Now in Force

Posted on 2 August 2008. Filed under: Week 571 | Tags: , , , , , , , , , , , , , , , , , , , , , , |

The Mirror, Vol. 12, No. 571

“Cambodian and Japan had signed an agreement [last year on 14 June 2007 – see The Mirror, Vol. 11, No. 512: 15.6.2007: Cambodian Prime Minister Attracts Japanese Investments by Promising to Combat Corruption] about the protection and the promotion of investments, in order to open ways for Japanese investors to enter the Cambodian investment market.

“According to an announcement by the Japanese Embassy in Cambodia on 21 July 2008, this agreement [came now into force and] will bring two important positive results. ‘First, it is the first symbolic step to strengthen economic relations between Cambodia and Japan; second, it contributes strategies to develop Cambodia to promote economic development through direct foreign investments.’

“This announcement continues to say that besides the two points mentioned above it is an agreement which guarantees Japanese investors a clear investment process, with the freedom to transfer financial gains, and with equal contracts and equal rights in solving problems to increase transparency.

“So far, Cambodia could not attract big private investments from Japan.

“According to figures from the Council for the Development of Cambodia in 2007, Japanese investors ranked fifth, compared to other foreign investors, such as investors from China, Thailand, South Korea, Vietnam, and Saudi Arabia, with total investments of approximately US$81 billion, while Japan is the biggest donor country for Cambodia. These statistics show that from 1992 to 2006, Japan granted approximately US$1,177 million, and the Japanese government maintains a policy to always grant approximately US$122 million to Cambodia each year.” Rasmei Kampuchea, Vol.16, #4656, 1.8.2008

Newspapers Appearing on the Newsstand:
Friday, 1 August 2008

Kampuchea Thmey, Vol.7, #1708, 1.8.2008

  • Funcinpec Has an Unclear Position whether or not to Join a New Government [led by the Cambodian People’s Party]; The Sam Rainsy Party Wrote to the King, Asking to Pardon Samdech Krom Preah [Norodom Ranariddh – 31 July 2008]
  • Siam [Thailand] Stepped Up Deployment of Troops and Tanks Across the Cham Sragam Border Crossing under the Pretext of Military Exercises [facing Anlong Veng and Oddar Meanchey – 30-31 July 2008]
  • Fourteen Cambodian Athletes Will Participate in the 29th Olympic Games in Beijing
  • South Korea Holds Military Exercise near the Dokdo Islands [in Korean] which are also Claimed by Japan [called Takeshima in Japanese]

Khmer Machas Srok, Vol.2, #212, 1.7.2008

  • The Sam Rainsy Party, the Human Rights Party, and the Norodom Ranariddh Party Complained About the National Election Committee to the King
  • High Ranking Officials of Funcinpec Denied that There Is a Rift [according Funcinpec first vice-president Lu Laysreng on 31 July 2008]

Khmer Sthapana, Vol.1, #62, 1.8.2008

  • The [former] King [Norodom Sihanouk] Will Join to Fight) for the Preah Vihear Temple [according to his French letter from December 2003 which has been issued again recently]

Koh Santepheap, Vol.41, #6412, 1.8.2008

  • Thaksin’s Wife [Ms. Potjaman Shinawatra] Was Sentenced to Serve Three Years in Prison [for tax evasion]; It Is Suspected that [ousted former Thai prime minister] Mr. Thaksin Might Try to Escape from the Country
  • The Israeli Prime Minister [Ehud Olmert] Will Resign from His Position in September [as he is facing corruption allegations]

Moneaksekar Khmer, Vol.15, #3527, 1.8.2008

  • UN High Commissioner Urges the Authorities to Reveal the Murderers Who Killed [Moneaksekar Khmer journalist] Mr. Khim Sambo and His Son [on 11 July 2008]
  • Civil Society Organizations [the Committee for Free and Fair Elections, the Neutral and Impartial Committee for Free and Fair Elections in Cambodia, and the Cambodia Citizen Development Organization] Want an Administrative Court to Be Created Soon, in Order to Punish Irregularities Committed by the National Election Committee

Raksmei Angkor, Vol.15, #1342, 1.8.2008

  • A Girl Was Lured by [two female] Friends to a Guesthouse to Kill Her by Cutting Her Throat [Russey Keo, Phnom Penh – 31 July 2008]

Rasmei Kampuchea, Vol.16, #4656, 1.8.2008

  • Agreement on the Protection of Activities and on the Promotion of Investments between Cambodia and Japan Now in Force
  • Decaying Body of a [12 or 13-year old] Girl Found in a Dirty Water Pond in the Olympic Stadium [31 July 2008]
  • Vietnam Asserts that Hundreds of Livestock Have Been Imported into Its Country [everyday continuing, from Cambodia] without Paying Tax

Click here to have a look at the last Mirror editorial – where we provided detailed information about the 2003 election results, to compare them with the election results of 2008, as they become available.

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