IMF: Cambodia Cannot Avoid the Consequences of the Global Economic Crisis! – Saturday, 14.3.2009

Posted on 16 March 2009. Filed under: Week 603 | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

The Mirror, Vol. 13, No. 603

Apologies for the delays in publishing – due to my international travel. I try to catch up as soon as possible.

Norbert Klein

Note:

Apologies for the rough language – it is the policy of The Mirror to provide readers of the English translations a glimpse at the sometimes rough world of Khmer journalism as it is – as always, without endorsing opinions expressed, nor being able to verify the veracity of original statements.

“A representative of the International Monetary Fund, Mr. John Nelmes [IMF Resident Representative in Cambodia], had predicted that Cambodia would encounter the consequences of the global economic crisis, and it is necessary to be prepared in advance.

“However, Prime Minister Hun Sen, who has no economic skills, became angry and shouted that the Cambodian economy cannot decline as predicted by this person or by that person.

“It should be remembered that the IMF had warned recently, ‘Cambodia is heading toward an economic downturn and the GDP will decline to a growth rate of only 0.5% this year, after there was rigid growth during one whole decade.’

“Moreover, Mr. John Nelmes emphasized again on Thursday [12 March 2009], ‘The Cambodian economy is in a negative status, such instability happens in the context of a bleak global economic atmosphere. We are talking about a period of dramatic decline in economic activities. So far, what we have seen is that the depth of the downturn is worse than expected.’

“Mr. John Nelmes added, ‘Any hope for next year’s economic growth in Cambodia is not clear, because we foresee only 3% growth for 2010, but it might change.’

“Mr. Nelmes went on to say, ‘The export data of some countries are terrible, and the US retail sellers will have negative growth rates this year. This is not a good omen for garment exports.’

“Mr. Nelmes continued to say that also the high inflation in 2008, and the rising price of the dollar make Cambodia to become a more expensive goal for tourism.

“He predicted that tourism, which had an annual growth rate of nearly 20% during three or four years, decreased to around only 5% in 2008, and might also encounter negative growth rates in 2009. The selling of cars and of motorbikes dropped now by 50%, [for cars] and it had been down by 20% at the end of 2008, compared to the twelve months of the previous year.

“The executive director of the ANZ Royal Bank, Mr. Stephen Higgins, said that Cambodia needs cheaper electricity and more roads to encourage broader commercial exchanges.

“Mr. Higgins added that while one kilowatt/hour of electricity costs around US$0.05 in Vietnam, in Cambodia it can cost up to US$0.18, which is much more expensive than in Vietnam. He went on to say that the cost of transportation of agricultural goods in Cambodia is four times more expensive than in Thailand, adding, ‘This is a big difficulty. If the government wants to spend its money, it should spend it on anything that promotes the productivity in the country.’ He continued to say that although the agricultural structure might get improved and likely earn additional income, employment opportunities will be less. More production in different other sectors besides the garment sector will absorb a growing number of the labor force. The garment sector was producing more than half of the industrial output of the country, while food production earned only about 10 percent.

“Also, Mr. Higgins looks forward to the promise that there will be a Commercial Court to solve commercial disputes, which is a key factor to encourage investors.

“He added that corruption is still another concern for investors – different anti-corruption laws and regulations could solve this situation. He said, ‘Everything to clear up corruption will have long-lasting results.’

“Recently, a parliamentarian and spokesperson of the Sam Rainsy Party, Mr. Yim Sovann, said, ‘The government has to recognize the serious situation of Cambodia and must not conceal it. And the government must really support the budget package of around US$500 million [proposed by the Sam Rainsy Party] to encourage the economy.’

“The spokesperson of the Sam Rainsy Party said so after the Prime Minister, Mr. Hun Sen, who has no economic skills, had dismissed the predictions about the dramatic downturn of the economy of the country, which suffers the impacts of the global economic crisis.

“The Prime Minister, who boasts about his political achievements, claimed proudly to protect this bad face, saying , ‘Growth in agriculture can surely prevent Cambodia from falling into an economic crisis, even though some major sectors of the Cambodian economy encounter a downturn.’

“Because of this persistence, without recognizing what is right or wrong, Hun Sen predicted the future of the economy in Cambodia himself, ‘Cambodia will have 6% GDP growth in 2009.’ Prime Minister Hun Sen chatted lightly, referring to America, Europe, Japan, and Korea as elephants. He added, ‘The global economic crisis in Asia in 1997 was like a sheep that fell dead on the elephants’ legs. But now, the elephants died and fell on sheep’s legs.’

“Mr. Yim Sovann said, ‘If the government still hides the rate of economic changes, they will be hurt by it in turn.’ He added that the IMF might make only few mistakes in their forecasting, which is technical and it is not colored by politics.

“He went on to say, ‘The government should not mix politics with technical problems.’

“The Cambodian economic growth, predicted for 2009 after just two or three months, was nearly 5%. However, on Friday last week [6 March 2009], the IMF listed Cambodia among the countries facing an economic slowdown.

“The IMF predicted that Cambodia will have another 0.5% drop in economic growth, because of the global economic crisis, and the decline of tourism, and of the construction and the garment sectors.” Khmer Machas Srok, Vol.3, #364, 14.3.2009

Newspapers Appearing on the Newsstand:
Saturday, 14 March 2009

Deum Ampil, Vol.3, #138, 13.3.2009

  • Cambodia Restricts to Climb to the Preah Vihear Temple, and a Siamese [Thai] Monk Is Arrested for Attempting to Climb to the Temple
  • The UN Drug and Crimes Office [in Cambodia] Hopes that [the former commander-in-chief, who has just been appointed as the 10th deputy prime minister in charge of drug administration] Mr. Ke Kim Yan Will Strongly Act to Combat Drugs
  • The Government Provides a Livelihood Allowance of Riel 20,000 [approx. US$5.00] per Month to Civil Servants
  • The Court Orders Police to Detain a Taiwanese Man and a Military Police Officer for International Drug Trafficking [Phnom Penh]
  • 20 Security Companies Sign Agreements with the National Police Office to Promote Citizens’ Security
  • Japan, South Korea, and America Announce to Shoot Down a North Korean’s Satellite Launching

Kampuchea Thmey, Vol.8, #1897, 14.3.2009

  • The National Election Committee Bars Foreign Passport Holders to Join the [district and provincial/city council] Election Campaign

Khmer Machas Srok, Vol.3, #364, 14.3.2009

  • IMF: Cambodia Cannot Avoid the Consequences of the Global Economic Crisis!

Koh Santepheap, Vol.42, #6602, 14-15.3.2009

  • Senior Official of UNESCO [Chairperson of the Executive Board of UNESCO Ambassador Olabiyi Babalola Joseph Yaï] Promised to Work for a Sustainable Protection OF the Preah Vihear Temple [he said SO during his official visit to the Preah Vihear Temple]
  • A Man from Hong Kong Had 846 Gram of Heroin When He Wanted to Board a Plane [he was arrested at the Phnom Penh International Airport]
  • The Iraqi Journalist Who Threw a Shoe at Mr. Bush Is Sentenced to Serve Three Years in Prison

Rasmei Kampuchea, Vol.17, #4845, 14.3.2009

  • The Minister of Labor [Mr. Vong Soth]: 99 Factories Are Closed, 78 Factories Are Opened, and 20,000 Unemployed Workers Are Seeking Jobs
  • Cambodian and America Look for Possibilities to Encourage Agricultural Production
  • The Khmer Rouge Tribunal Announces to Allow the [national and international] Public to Attend [former Tuol Sleng prison chief] Duch’s Hearing [on 30 March 2009]
  • The Spokesperson of the Ministry of Foreign Affairs Dismisses the US Department of State’s Report [on the human rights situation in Cambodia] on behalf the Ministry of Foreign Affairs of Cambodia
  • Vietnam Provides Documents and More Than 300 Photos Regarding the Khmer Rouge Regime

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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The Ministry of Culture Says It Is Not Able to Bring Back Khmer Artifacts Put Up for Sale in the United State of America – Tuesday 10.3.2009

Posted on 14 March 2009. Filed under: Week 603 | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , |

The Mirror, Vol. 13, No. 603

Apologies for the delays in publishing – due to my international travel. I try to catch up as soon as possible.

Norbert Klein

“Phnom Penh: A high-ranking official of the Ministry of Culture and Fine Arts stated that the Cambodian government is not able to bring back artifacts which are not listed here and lost, but are reported now in the United State of America and in some other countries.

“A secretary of state of the Ministry of Culture and Fine Arts, Mr. Chuch Phoeun, told Deum Ampil on Monday evening 9 March 2009, ‘The Ministry of Culture and Fine Arts is not able to collect Khmer artifacts that are lost and not yet listed as Cambodian cultural heritage, even though those artifacts are claimed to be property of Cambodia.’

“The statement was made after the Internet website TwinCities.com reported that many types of artifacts are offered for sale at the eBay company, based in the United States of America, which were brought from Cambodia, China, Egypt, Italy, and many other countries. Mr. Chuch Phoeun added, ‘Though we have national and international laws, we lack money for the listing of such artifacts as objects of cultural heritage of Cambodia, in order to provide proper identification of those artifacts.’

“The Secretary of State went on to say, ‘We can only list artifacts at the National Museum as objects of cultural heritage, but artifacts at other museums in the provinces are not yet well listed. We lack money.’

“According to the Secretary of State, the Ministry of Culture and Fine Arts receives Riel 500 million [approx. US$124,000] per year from the Ministry of Economy and Finance for conserving and maintaining temples around Cambodia. He continued to say that Cambodia needs hundreds of millions of dollars for the conservation and maintenance and the development of thousands of cultural sites countrywide, and to comply with this task, it is necessary to receive and to requests more aid from partner countries, while Cambodia cannot yet provide these resources.

“However, the above report did not state the number of artifacts put up for sale at the eBay Internet auctions company. The report said that the government of China, an Asian country with an old civilization, is trying to demand those artifacts back to its country in whatever condition.

“Regarding what was mentioned by the Secretary of State, Khmer citizens regret that the government does not make as much efforts as possible to return those artifacts to the country as other countries do, to return the rich and invaluable cultural property of the nation. In late 2008, Thailand announced to return to Cambodia artifacts illegally trafficked to Thailand.

“It should be noted that until now, some partner countries assist so that some temples and artifacts are repaired and preserved, like temples of Angkor Wat, Banteay Srey, and Ta Prum.” Deum Ampil, Vol.3, #135, 10.3.2009

Newspapers Appearing on the Newsstand:
Tuesday, 10 March 2009

Cheat Khmer, Vol.1, #3410, 10.3.2009

  • Mr. Hun Sen Strongly Hopes that the US and European Economies Will Grow Again [so that Cambodian workers will not be unemployed because of factory closures, exporting products to markets in the United State of America and in Europe]
  • [Sam Rainsy Party] Parliamentarian Mu Sochua Was Prevented by Body Guards to Attend the Inter Parliamentary Union Meeting [claiming that she did not have identification letter for the meeting – held in Phnom Penh from 9 to 11 March 2009: Regional Seminar on the Role of Parliaments in Promoting Peaceful and Sustainable Societies in South-East Asia]

Deum Ampil, Vol.3, #135, 10.3.2009

  • The Ministry of Culture Says It Is Not Able to Bring Back Khmer Artifacts Put Up for Sale in the United State of America
  • The Ministry of Foreign Affairs Dismisses Information about a [Sri Lanka] Tamil Insurgents’ Base in Cambodia
  • Hungary Eliminates 50% of Cambodia’s Debt and Provides 50% Grant Finance
  • Electricité du Cambodge Encourages a Plan to Connect Electricity from Vietnam as Soon as Possible to Overcome the Need for Electrical Cuts-off in the City
  • [Thai ousted prime minister] Thaksin: “I am like a dog in the country that could be caught any time”

Kampuchea Thmey, Vol.8, #1893, 10.3.2009

  • Siamese [Thai] and Khmer Troops Confront Each Other Again at the Cham Sragam Border Crossing Point [after Khmer troops removed a Thai troops post at the border, claiming that it was in Khmer territory]
  • Man Hit His Wife with a Long Handle Knife Twice to Behead Her because of Jealousy [police are seeking him – Siem Reap]
  • 12,000 US Troops Will Be Withdrawn from Iraq in September 2009

Koh Santepheap, Vol.42, #6595, 6.3.2009

  • The President of the Senate Guarantees that the Khmer Rouge Tribunal Will Seek Justices for Victims; Samdech Thama Pothisal Chea Sim: Problems Left from the Past Must Be Solved

Moneaksekar Khmer, Vol.14, #3707, 10.3.2008

  • [Minister of Interior from the Cambodian People’s Party] Encourages the Cambodian People’s Party to Cooperate to Share Power with Three Other Political Parties [after the district and provincial/city elections on 17 May 2009]
  • The Government Should Publishes the Results of Setting Land Border Markers at the Khmer-Yuon [Vietnamese] Border

Neak Cheat Niyum, Vol.4, #51, 11.3.2008

  • The Phnom Penh Municipality Plans to Order Big and Small Workshops [in Phnom Penh] to Relocate to Suburbs

Rasmei Kampuchea, Vol.17, #4841, 10.3.2009

  • Four Suspects Are Arrested for Kidnapping Siem Reap Military Police Commander’s Daughter [the hostage is released and police are seeking two other kidnappers who escaped with US$80,000]

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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