Malaysian Investors and Investments Are Coming to Cambodia while Cambodia Is Still Unable to Export Its Products – Monday, 10.5.2010

Posted on 11 May 2010. Filed under: Week 664 | Tags: , , , , , , , , , , , , , , , , , , , , , , , |

The Mirror, Vol. 14, No. 664

“The Malaysian Prime Minister Datuk Seri Mohd Najib Tun Abdul Razak is paying a three-day official visit to Cambodia which started on Sunday; he will chair a meeting for the signing of six commercial agreements worth US$1 billion.

“Five commercial agreements will be signed by the private sectors of Cambodia and of Malaysia, and another agreement will be signed between a Malaysian company and the Cambodian government.

“Also Mr. Hun Sen will attend the signing ceremony. The agreements to be signed focus on the educational sector, the technical field, security, the Halal food industry (food containing no pork, prepared according to Muslim regulations), agriculture, training, and the exchange of products.

“This is the first official visit of Mr. Razak since he became prime minister last year. This visit is considered important for the strengthening of bilateral ties with Cambodia. According to officials of the Malaysian Embassy in Cambodia, the entire commerce between both countries in 2009 amounted to just US$150 million. About 90% of the commerce was exports of textile products, palm oil, food, and drinks from Malaysia, while the other 10% was export of goods, rubber, textiles, and rice from Cambodia.

“The Malaysian Ambassador to Cambodia said that there are a lot of opportunities for Malaysian investors to come to invest in various sectors in Cambodia, such as education, health care, construction, the Halal food industry, tourism, oil, and gas. At present, Malaysia is the fourth biggest foreign investor in Cambodia after China, South Korea, and Yuon [Vietnam].

“The investments from Malaysia include sports infrastructure, hotels, education, banking, and fast food. Trade and investments between Cambodia and Malaysia are expected to double while the region is moving towards the ASEAN Economic Association in 2015, which will allow the free flow of goods, capital, and people. The Malaysian Ambassador to Cambodia stressed that Malaysian investors consider Cambodia as an important country for investments, as Cambodia is located in the Mekong River Basin, comprising of Burma, Cambodia, Laos, and Vietnam, with a total population of 100 million.

“During this visit, 117 Malaysian investors will participate in the private sector conversation, and Mr. Razak and Mr. Hun Sen will chair the Cambodian-Malaysian commercial forum and a lunch reception. Also the leaders of the two countries will chair a meeting to sign six commercial agreements.

“The Malaysian Prime Minister will meet with the Cambodia side to discuss bilateral affairs at the Council of Ministers, and he will visit the Esata Operations Center, a Cambodian-Malaysian telecommunications company, the construction site of a new building for the Malaysian Embassy in Cambodia, and the Kunthak Bopha IV Hospital. On the last day, he will meet the Khmer King Norodom Sihamoni, the president of the Senate, Mr. Chea Sim, and the president of the National Assembly, Mr. Heng Samrin.” Khmer Amatak, Vol.11, #764, 10.5.2010

Newspapers Appearing on the Newsstand:
Monday, 10 May 2010

Deum Ampil, Vol.4, #473, 9-10.5.2010

  • The Cabinet of the Prime Minister Rejected a Request for Intervention [from citizens] over a Land Dispute in Kandal Stung District [with the Heng Development company, Kandal. The PM had looked into the case already in 2009 and came to the conclusion that the 842 families involved have no right to own the disputed land of 200 hectares]

Kampuchea Thmey, Vol.9, #2244, 1-10.5.2010

  • The Film Who Killed Chea Vichea Cannot Be Played at Any Place as Long as There Is No Permission [according to Sub-Decree 63 of the government, Article 20 says that before the operation, playing, leasing, and selling of all types of films, it is necessary to ask for permission from the Ministry of Culture and Fine Arts. A secretary of state of this ministry said that this film cannot be played publicly, but it can be played privately, for example in a room with a small audience]

Note:

It is surprising to observe that thousands of pornographic CDs and DVDs are being sold publicly all over town, and many of them are shown in some restaurants or coffee shops. Were they all legally imported and did they all first receive the permission from the Ministry of Culture and Fina Arts? Probably yes? Because they are being operated, played, leased, and sold in public – so the Ministry of Culture and Fine Arts is aware of this. But there are no reports that the Ministry of Culture and Fine Arts is dealing with them with a similar intensity, comparable to the attention it is giving to Who Killed Chea Vichea.

  • The Number of People Suffering from Diarrhea in Kratie Increases to 51 [there is no recent report whether there is testing also for Cholera being performed – as some medical practitioners claim that there is also Cholera in Cambodia. The assertion by some medical authorities that the treatment for Diarrhea and for Cholera is the same is wrong]

Khmer Amatak, Vol.11, #764, 10.5.2010

  • Malaysian Investors and Investments Are Coming to Cambodia while Cambodia Is Still Unable to Export Its Products

Koh Santepheap, Vol.43, #6951, 10.5.2010

  • Robbers Continue to Commit Robberies in Battambang, Taking Away 100 Chi of Gold [approx. US$14,000] while the Authorities Have Not Identified the Robbers Who Took Away US$100,000

Moneaksekar Khmer, Vol.17, #3875, 10.5.2010

  • The Ministry of Education Should Eliminate Corrupt Nepotism in the Department of Education of Preah Vihear [it is claimed that some positions are controlled by leaders, their in-law, daughters, and their groups of friends]

Phnom Penh Post [Khmer Edition], Vol.1, #167, 10.5.2010

  • Cambodia and Malaysia Will Sign Commercial Agreements for US$1 Billion Today
  • [The Phnom Penh Sugar] Company Sends More Soldiers [more than 150] to Protect Its Land [provided by the government as concession land; Amleang commune, Thpong district, Kompong Speu. The company which is being protected by soldiers is one of the companies which “sponsors” military units]

Rasmei Kampuchea, Vol.18, #5193, 9-10.5.2010

  • A Secretary of State of the Ministry of Defense, a Member of FUNCINPEC [Mr. Hun Phoeung] Was Removed from His Position [Prime Minister Hun Sen accused him of working for an opposition party]
  • More Than US$7 Million Was Collected [as charitable donations] during the Celebration of the Red Cross and Red Crescent Anniversary on 8 May
  • Two Died and Twelve Others Were Injured in New Shootings in Bangkok

Sereypheap Thmey, Vol.18, #1892, 9.5.2010

  • [Sam Rainsy Party parliamentarian] Yim Sovann: Let’s See whether [the Phnom Penh municipal governor] Mr. Kep Chuktema Dares to Remove [Chamkar Mon district governor] Lo Yuy over Corruption, as He Had Said, or Not [recently he warned to revoke the Chamkar Mon district governor for being inactive, not suppressing illegal activities in his district]

Have a look at the last editorial – you can access it directly from the main page of the Mirror.
And please recommend The Mirror also to your colleagues and friends.

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2 Responses to “Malaysian Investors and Investments Are Coming to Cambodia while Cambodia Is Still Unable to Export Its Products – Monday, 10.5.2010”

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Do you find this investment not good to your country??

I don’t know what to say. This blog is fantastic. That’s not really a really huge statement, but its all I could come up with after reading this. You know so much about this subject. So much so that you made me want to learn more about it. Your blog is my stepping stone, my friend. Thanks for the post.

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