President Obama Makes Loans Available for Investment in Cambodia – Monday, 15.6.2009

Posted on 19 June 2009. Filed under: Week 617 |

The Mirror, Vol. 13, No. 617

“Phnom Penh: There is not always bad news about the relations between Cambodia and the USA. Now, the good news is that America decided to make loans available for American investment in Cambodia. It is expected that this decision by President Obama will encourage investments of both countries – Cambodia and America.

“Barack Obama’s decision will open the way for American companies to ask for loans to invest in Cambodia. According to a news report from Washington D.C. on 13 June 2009, President Obama made such a decision, because Cambodia is no longer a communist country.

“The Minister of Information and spokesperson of the government, Mr. Khieu Kanharith, welcomed this decision and considers it as encouraging more commercial investment from America to Cambodia, since America is a major partner of Cambodia.

“Mr. Khieu Kanharith added that even though aid from America to Cambodia is small, the United States of America has assisted Cambodia a lot in different international institutions. Moreover, the decision of the American president is another step which will increase investments from America in Cambodia, though the American economy is facing the global crisis.

“A parliamentarian, the chairperson of the Commission of Foreign Affairs of the National Assembly, Mr. Chheang Von, said that the decision of America is a big encouragement for the Royal Government of Cambodia and a facilitation for trade and investment related to international cooperation between Cambodia and other countries, especially the United States of America, which is, in economic terms, the most powerful country of the world.

“Mr. Chheang Von, a former Cambodian ambassador at the World Trade Organization, explained that American investors can come to make a lot of investment in Cambodia through this decision. It is a new encouraging force to bring investors to Cambodia and brings pride to Cambodia under the reign of Samdech Dekchor Hun Sen, which ensures trust to attract major countries and last but not least the United States of America to invest in Cambodia.

“The United Sates of America exported goods to Cambodia last year worth US$154 million while the export of garments and industrial products by Cambodia to the United States of America was more than US$2.4 billion.

“So far, the United States of America still does not offer commercial loans for investment in six communist [?] countries, such as Burma, Cuba, Iran, North Korea, Sudan, and Syria.” Rasmei Kampuchea, Vol.17, #4920, 14-15.6.2009

Newspapers Appearing on the Newsstand:
Monday, 15 June 2009

Deum Ampil, Vol.3, #210, 14-15.6.2009

  • Cambodia Agrees to Send Two [Muslim] JI Members Back to Siam [Thailand]

Kampuchea Thmey, Vol.8, #1970, 14-15.6.2009

  • America Removes Cambodia and Laos from the Blacklist Banning Commerce
  • Siamese [Thai] Government Sends 56 Khmer Krom People Back to Cambodia
  • The United Nations Decides to Put Sanction on North Korea

Khmer Machas Srok, Vol.3, #425, 14-16.6.2009

  • The Immunity of Parliamentarians during the Power of Prime Minister Hun Sen Is Most Important
  • [The president of the Sam Rainsy Party] Mr. Sam Rainsy and [the president of the Human Rights Party] Mr. Kem Sokha Condemn the Use of the Courts as a Tool to Oppress Parliamentarians

Koh Santepheap, Vol.42, #6676, 15.6.2009

  • Mr. Ahmadinejad Wins the Presidential Elections Again and This Causes Turmoil in Tehran

Moneaksekar Khmer, Vol.16, #3784, 15.6.2009

  • The Permanent Committee of the National Assembly Will Revoke Ms. Mu Sochua’s Immunity on Monday [in order to open the way to handle the defamation complaint of Prime Minister Hun Sen against her – though her original defamation suit against the Prime Minister was not accepted to be handled by the court]

Rasmei Kampuchea, Vol.17, #4920, 14-15.6.2009

  • President Obama Makes Loans Available for Investment in Cambodia
  • Technical Problems of the Airplane Made the Thai Prime Minister to Be Delayed at the Phnom Penh International Airport for Half of the Night
  • A Reporter of The Cambodia Daily Is Summoned to Be Questioned about [wrongly] Quoting [Sam Rainsy Party parliamentarian] Mr. Ho Vann’s Speech Which Led to a Complaint against Him [filed by 20 senior military officials]

Sereypheap Thmey, Vol.16, #1729, 15.6.2009

  • The Bayon Television Station [under the management by a daughter of Prime Minister Hun Sen] Criticizes the Authorities of the Phnom Penh Municipality Administered by Kep Chuktema over Gambling

Have a look at the last editorial – you can access it directly from the main page of the Mirror.

And please recommend us also to your colleagues and friends.

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