Wednesday, August 19, 2009

ep 1 pt 3 sexy Khmer TV comedy "Upside Down" Cambodia Film
ep 1 pt 2 sexy Khmer TV comedy "Upside Down" Cambodia Film

Sexy Khmer TV comedy "Upside Down" Cambodia Film

Wednesday, May 20, 2009

[PIMEX] Phnom Penh Post: Imports inspector ends contract



Imports inspector ends contract Print
<http://www.phnompenhpost.com/index2.php?option=com_content&task=view&id=25949&pop=1&page=0&Itemid=53>
E-mail
<http://www.phnompenhpost.com/index2.php?option=com_content&task=emailform&id=25949&itemid=53>

Written by Kay Kimsong
Wednesday, 20 May 2009

*French company BIVAC set to leave Cambodia after finishing customs
operations in the Kingdom at the end of April, as Government says it has
acquired necessary expertise.*
090520_14.jpg
Photo by: *TRACEY SHELTON *
A lorry moves containers at Phnom Penh's dry port in this file photo.
French company BIVAC has finished its contract with Cambodia. The
government determined it now has sufficient capacity to undertake
pre-shipment inspections.

THE government will not renew its contract with BIVAC, the French
company contracted in April 2006 to undertake pre-shipment inspections
on goods imported from ASEAN nations.

Kun Nhem, the Customs and Excise deputy director general, told the Post
on Tuesday the government now has qualified staff that can do the job.

"The contract is finished and as of May 1 importers should not pay fees
to BIVAC," he said. "The contract ended officially on April 30. We are
now qualified to check the original prices of goods in the country of
origin for all shipments."

Pre-shipment inspection is the practice of employing specialised private
firms to check the price, quantity and quality of goods ordered from
another country.

Kun Nhem said the Kingdom had outsourced its pre-shipment inspection
role longer than any other ASEAN nation inspector, and noted that
import-tax revenues for May were unchanged compared with those months
for which BIVAC was responsible.

"Having BIVAC is the same as not having BIVAC," he concluded.

Kun Nhem said that under the BIVAC system, importers paid a fee to the
company for the service, and BIVAC's agents in the nations from where
goods were shipped would check the shipment.

"Now without BIVAC the importers are happy because they don't have to
incur this fee," he said, adding that the service added to the price
paid by consumers.

An office worker at BIVAC's Cambodia office confirmed that the firm
ceased pre-inspection work on May 1.

----------------------------------------------------------

Without BIVAC the importers are happy ... they don't have to incur
this fee.

----------------------------------------------------------

She said BIVAC charged importers US$250 for a 40-foot container, and
$200 for a 20-foot container, with a maximum charge of $500. She
referred all other questions to her managers, but the Post was unable to
contact them.

Chan Sophal, the president of the Cambodian Economic Association, said
cutting out BIVAC would benefit importers, and agreed that local
officials were technically able to take over the PSI role.

"Whether they have the will to do it is another matter," he said.

Chan Sophal said the government should take other measures to ensure
that revenue from customs fees ended up in the Treasury. He said low
salaries paid to Customs officials resulted in some keeping revenues for
themselves.

"With the economic downturn, the government should look at cutting
spending - such as spending on companies like BIVAC," he said. "And
corrupt customs officials take more money for their own pockets than
they hand to the nation."

He said officials should stop taking advantage of their positions and
should realise the revenue is needed to develop the country in a time of
economic crisis.

Tyre importer Kong Nuon, the chairman of the Kong Nuon Import and Export
Company, said the termination of BIVAC's contract had made the import
process easier and cheaper.

__._,_.___
Recent Activity
Visit Your Group
Give Back

Yahoo! for Good

Get inspired

by a good cause.

Y! Toolbar

Get it Free!

easy 1-click access

to your groups.

Yahoo! Groups

Start a group

in 3 easy steps.

Connect with others.

.

__,_._,___

Phnom Penh Post: Imports inspector ends contract

Imports inspector ends contract Print
<http://www.phnompenhpost.com/index2.php?option=com_content&task=view&id=25949&pop=1&page=0&Itemid=53>
E-mail
<http://www.phnompenhpost.com/index2.php?option=com_content&task=emailform&id=25949&itemid=53>


Written by Kay Kimsong
Wednesday, 20 May 2009

*French company BIVAC set to leave Cambodia after finishing customs
operations in the Kingdom at the end of April, as Government says it has
acquired necessary expertise.*
090520_14.jpg
Photo by: *TRACEY SHELTON *
A lorry moves containers at Phnom Penh's dry port in this file photo.
French company BIVAC has finished its contract with Cambodia. The
government determined it now has sufficient capacity to undertake
pre-shipment inspections.

THE government will not renew its contract with BIVAC, the French
company contracted in April 2006 to undertake pre-shipment inspections
on goods imported from ASEAN nations.

Kun Nhem, the Customs and Excise deputy director general, told the Post
on Tuesday the government now has qualified staff that can do the job.

"The contract is finished and as of May 1 importers should not pay fees
to BIVAC," he said. "The contract ended officially on April 30. We are
now qualified to check the original prices of goods in the country of
origin for all shipments."

Pre-shipment inspection is the practice of employing specialised private
firms to check the price, quantity and quality of goods ordered from
another country.

Kun Nhem said the Kingdom had outsourced its pre-shipment inspection
role longer than any other ASEAN nation inspector, and noted that
import-tax revenues for May were unchanged compared with those months
for which BIVAC was responsible.

"Having BIVAC is the same as not having BIVAC," he concluded.

Kun Nhem said that under the BIVAC system, importers paid a fee to the
company for the service, and BIVAC's agents in the nations from where
goods were shipped would check the shipment.

"Now without BIVAC the importers are happy because they don't have to
incur this fee," he said, adding that the service added to the price
paid by consumers.

An office worker at BIVAC's Cambodia office confirmed that the firm
ceased pre-inspection work on May 1.

------------------------------------------------------------------------

Without BIVAC the importers are happy ... they don't have to incur
this fee.

------------------------------------------------------------------------

She said BIVAC charged importers US$250 for a 40-foot container, and
$200 for a 20-foot container, with a maximum charge of $500. She
referred all other questions to her managers, but the Post was unable to
contact them.

Chan Sophal, the president of the Cambodian Economic Association, said
cutting out BIVAC would benefit importers, and agreed that local
officials were technically able to take over the PSI role.

"Whether they have the will to do it is another matter," he said.

Chan Sophal said the government should take other measures to ensure
that revenue from customs fees ended up in the Treasury. He said low
salaries paid to Customs officials resulted in some keeping revenues for
themselves.

"With the economic downturn, the government should look at cutting
spending - such as spending on companies like BIVAC," he said. "And
corrupt customs officials take more money for their own pockets than
they hand to the nation."

He said officials should stop taking advantage of their positions and
should realise the revenue is needed to develop the country in a time of
economic crisis.

Tyre importer Kong Nuon, the chairman of the Kong Nuon Import and Export
Company, said the termination of BIVAC's contract had made the import
process easier and cheaper.

[Thailand] Rice exports hit by fall in prices, demand amid soaring supply

May 20, 2009
By Petchanet Pratruangkrai
The Nation

Thai rice exports will suffer this year, with prices set to decline into
next year from increased supply in the world market and bearish demand,
a seminar heard yesterday.

Moreover, Thai rice trading will face more problems due to insufficient
development of both crop production and irrigation. Several recent
administrations have been unclear on development of a sustainable rice
policy.

The crop is a major export for the Kingdom.

At a seminar yesterday hosted by Thai Rice magazine entitled "Rice Price
Trends: Reduced Risk for Coping with the Global Crisis", traders,
government officials and economists said the price was set to drop
slightly into next year, due mainly to a combination of lower demand and
greater supply.

Thai Rice Exporters Association president Chookiat Ophaswongse said more
rice exporters had entered the market this year.

"Burma and Cambodia have started exporting large amounts of low-grade
rice for less than US$300 [Bt10,200] per tonne to the world market.

"India will soon export up to 3.5 million tonnes of rice from more than
20 million tonnes stockpiled this year," said Chookiat.

Greater supply in the world market and bearish demand during the world
economic slump will pull down rice prices, he said.

Chookiat said the government's recent decision to sell off large volumes
of rice via bidding caused Thai prices to fall.

Before the bidding, Thai rice was quoted at $530 a tonne in the world
market. Now it is down to $490 a tonne.

Last year, India suspended rice exports, because of a domestic shortage
problem. Burma exported up to 700,000 tonnes of 25-per-cent white rice
in the first four months of the year.

Thailand Development Research Institute president Nipon Poapongsakorn
told the seminar he, too, believed the rice price would fall gradually
until next year.

"The world economic slowdown has meant lower demand for rice. Lower oil
prices, which affect crop prices, will also ensure the rice price
remains unchanged or decreases slightly in the second half of this
year," said Nipon.

However, some factors could actually cause a slight increase in the
price, such as increased demand in certain markets. These could include
major rice importers Indonesia and the Philippines.

Commerce Ministry permanent secretary Siripol Yodmuangcharoen said not
only India would become an important rice-export rival of the Kingdom,
but also Pakistan, which is set to export up to 4 million tonnes this year.

Kwanchai Gomez, secretary-general of the Thai Rice Foundation under
Royal Patronage, said uncertainty about the rice price would be
prolonged as long as development of rice production and quality was delayed.

This will also result in a huge cost burden for farmers.

She said Thailand's rice production must be developed to meet a
particular quality and yield per rai.

"Thai farmers have long suffered from low incomes and little management
expertise.

"The government must focus on providing knowledge to newer generations,
to ensure the development of rice farming, as well as the creation of
sustainable incomes to increase the quality of life for rice farmers,"
she said.

Thai Farmers Association president Prasit Boonchuey said instead of
losing more than Bt20 billion in a pledging scheme, the government
should consider investing Bt10 billion each year for the sustainable
development of rice farming, production and irrigation.

He said rice-price volatility was connected to the world market and
middlemen.

Rice farmers have always experienced unpredictable rice prices, even
during the pledging scheme. The government must establish a long-term
agenda to ensure long-term sustainability in rice trading and prices,
Prasit said.

Sunday, May 10, 2009

Asia- more economic troubles ahead

Sunday May 10, 2009
RANDOM THOUGHTS By Neville de Silva
The Sunday Times (Sri Langka)

Asia which overcame the financial crisis of 1997/98 which started here
in Thailand, felt it was better equipped to deal with the current global
turmoil that has caused havoc in western economies.

Better supervision and regulatory measures over financial institutions,
some believed, would cushion this part of the world from the worst
features of the meltdown in banking and financial circles in the West
where it all started. That, it now seems, was wishful thinking. It does
not appear to have taken account of the fact that the financial crisis
which began last year came on top of other economic problems which
compounded the situation. What it means is that Asia is not out of the
woods, not by a long shot and more difficulties lie ahead before it gets
better, if it does.

That is the impression gathered, listening to a stimulating discussion I
sat through the other day at the 65th Session of the Economic and Social
Commission for Asia and Pacific (ESCAP), a regional body of the United
Nations based in Bangkok. It was a discussion on the financial crisis by
a high-level panel that brought together several eminent persons from
different disciplines and so provided the breadth of knowledge that an
issue of this nature really needs, impinging as it does on every aspect
of society and cutting across socio-economic lines. One of the critical
factors that do not appear to have been seriously regarded by those who
thought that Asia had somehow managed to escape the worst ravages of an
economic crisis that has yet to run its course, is the trade
relationship between Asia and the western world.

Asia's trade integration with the economies of the west is relatively
high- about 50% of the GDP of this region. Then consider this
continent's financial integration with western economies, particularly
so with the US, which amounts to 40% of the region's GDP. Earnings from
tourism, remittances by expatriate workers from Sri Lanka, Bangladesh,
Philippines and others and Official Development Aid also make up a
substantial part of the GDP of several of Asia's less developed countries.

As was pointed out in the course of the discussion, a one percentage
point drop in growth in the United States would constitute a 0.6
percentage point decline in Asia's GDP. As was stated last week the
present crisis is different from any that has gone before. It is really
a global crisis as it has a much greater impact economically and
socially throughout the world than anything previously. It was also
stated that this present crisis is likely to be deeper and of a long
duration than any in the past. Moreover recovery would be much slower.
One reason for this is that the crisis was born at the centre of the
system and not on the sidelines and so it is going to be much harder to
contain.

As I have already said this crisis was preceded by a food and fuel
crisis when food prices skyrocketed and fuel prices reached
unprecedented levels. Sri Lankan consumers are well aware of the
difficulties that faced them during those hard times. True, food and
fuel crisis now seems gone and prices have stabilized at lower levels.
But who is to say that it may not happen again. It might be recalled
that Asian countries came out of the financial turmoil of a decade or
more ago by stimulating their export sector. It was an export-led
strategy that helped Asia come out of that particular situation. But
obviously that strategy cannot save them this time round for the credit
crunch in the west and the significant drop in consumer spending
especially on imported goods and what might be considered luxuries or
non-essentials would not allow Asian countries to depend once more on
increased export earnings for economic recovery.

The World Trade Organisation predicts that the volume of global trade
which rose by 6% in 2007 and 2% last year will fall sharply by 9% this
year. If so it would be the biggest drop in 40 years. It is said that in
recent months exports declined in many Asian countries as import demand
contracted in the industrialized economies. So labour-intensive export
industries such as garments and textiles, footwear, toys, gems and
jewellery were seriously affected.

That drop in exports would affect countries such as Sri Lanka which rely
quite heavily on the garment industry for export earnings. If the
withdrawal of the GPS Plus trade concession comes on top of this, the
country's import earnings could suffer badly. Sri Lanka is not the only
Asian country with labour-intensive industries that face this situation.
Bangladesh, Cambodia, China, India, Indonesia and Vietnam are some of
the others. That is not all. Growth in Asia is also expected to slowdown
perceptibly. Growth which recorded 9% in 2007 will drop to 4-5% this
year. The prospects for the coming year are uncertain so that a question
mark hangs precariously over 2010 as we move inexorably towards the
target date for achieving the Millennium Development Goals.

The current prediction is that if one excludes China and India the rest
of Asia will show no growth this year. Now here is the crunch. The
jobless in Asia rose from 79 million in 2007 to 84 million in 2008. If
that increase of 5 million in one year is considered unacceptable, then
worse is to follow this year.

Asia's unemployment this year is estimated at 94 million a jump of 10
million in one year. If that is bad news, worse is to come. Due to the
current crisis labour in the informal sector such as tourism,
construction industry, textiles and garments, small and medium
enterprises, trade and retail are not only likely to lose their jobs but
their wages are also expected to decline substantially. For those who
still fantasize about achieving most of the Millennium Development Goals
in the next five or more years, especially with regard to poverty, here
is something to ponder.

A 100 million people will be pushed into poverty. That is in a region
that still has 900 million people living under conditions of extreme
poverty. There is more bad news. But I think this is sufficient for one
morning.

The writer is a serving Sri Lankan diplomat.

Saturday, April 11, 2009

Warmest Greetings from 2 in 1 Services (LCRC and LAW)!

Dear Valuable Clients, Friends and All,

Thank you very much indeed for your good information and it is very interesting to hear that!

 

May we send you the same!


We would like to inform you that we are now running 2-in-1 services which are as the following:

1.
http://www.Lyna-CarRental.Com.

We have a fleet of cars for rent at the very reasonable price. You may hire a car(s) on the daily and monthly basis, with or without driver (You will have your own PRIVACY). Most of the cars are working more than good working condition and under the comprehensive insurance coverage.

 

Extra Services

o         Make Cambodian Driver's License within 1 minute

o         Renewing the Cambodian visa and Cambodian Driver's License

o         Airport Taxi Services (One-way and Round-trip Services)

 

For further details, please view, www.Lyna-CarRental.Com.


2. http://www.Lyna-AutoWorkshop.Com.


We have full facilities, qualified with the certificate mechanic, suspension repair, electrician, welding, repainting with modern tools/equipment. We are specialized in:


1. Suspension and Braking System Repair
2. Checking Electrical System by the Computer
3. Repair to the Petrol & the Diesel Engine
4. Electrical System Repair and Rewiring
5. Wheels and Tyres Alignment
6. Body Welding and Auto Color Repainting
7. Auto-Gear Box or Manual-Clutch Disc Repair
8. Rebuild to the Whole Petrol & Diesel Engine
9. Fleet Maintenance (NGO, UN, OI and Companies)
10. Air-Con Servicing and Repairing

We assure you that we are the most reliable, honest, non-cheating and more over is reasonable!

Should you require any further information regarding to our services, please feel free to contact us. We are always at your disposal.

Hope to serving you in best qualify manner!

Faithfully yours,

Lyna Tan (Mrs)

Director General

H/P: (+855) 12 924 517 (English)
H/P: (+855) 12 554 247 (Cambodian)

Email: info@lyna-carrental.com

Email: info@lyna-autoworkshop.com

Website: www.Lyna-CarRental.Com

Website: www.Lyna-AutoWorkshop.Com

 

[PIMEX] Politiktoons no 74 from Bunheang Ung

Recent Activity
Visit Your Group
Give Back

Yahoo! for Good

Get inspired

by a good cause.

Y! Toolbar

Get it Free!

easy 1-click access

to your groups.

Yahoo! Groups

Start a group

in 3 easy steps.

Connect with others.

.

__,_._,___

Politiktoons no 74 from Bunheang Ung

Please attached file for the Politiktoons no 74 from Bunheang Ung

Cheer,
Hotaro

Monday, April 6, 2009

Hope blooms in Cambodian resort - BBC News

Hope blooms in Cambodian resort

In Cambodia, as the pain of the brutal Khmer Rouge years is relived in a
courtroom in Phnom Penh, Petroc Trelawny goes further back in time to
revisit the days of the French colonial era - and explores one of their
old seaside playgrounds.

The security guard finally appeared, after my driver had spent some
minutes shouting and banging the gate.

He was a middle-aged man, who stumbled out of what had once been the
reception room window, down the curved ramp passing the crumbling
remains of a pair of cast-concrete statues.

A few dollar bills later, the rusty chain around the gate was loosened
and I was in.

Ghostly remains

Kep-sur-Mer is what the French called this small town in colonial times.
A nice beach, lush forestation, and sea breezes to keep the colons
[colonisers] cool - all this a matter of hours by car from the heat and
dust of the capital.

From the end of World War II through until the mid 1960s, French
settlers - and a few rich Cambodians - built dozens of bungalows and
villas for themselves.

Then came the gradual rise of the Khmer Rouge. It soon became too
dangerous to leave Phnom Penh.

At first the contents of the weekend homes were looted, then the doors
and window-frames and roof tiles were taken.

What was left was then abandoned to the elements, or set ablaze as part
of the Khmer Rouge's quest to eliminate anything to do with an imperial
past.


But the buildings were too well constructed to be completely destroyed.

Now Kep is full of ruins, houses with crumbling verandas where pastis
was once sipped as the sun set, lovingly tended vegetable plots now
overgrown, trees where beds and sofas were once carefully arranged.

Of all the ghostly remains, my home-behind-the-gates was by far the most
spectacular.

A grand double-fronted residence, with wide balconies on the first floor
and gaping gaps where shuttered French windows would once have stood.
Perhaps he dreams of a day when Cambodia's situation is more
stable, rosier, and Kep-sur-Mer as was, can become a royal resort once
again

But there was something different about this place, and it took me a few
moments to work out what. Then I realised. The ruin was surrounded by
perfectly kept gardens.

The lawn was trimmed, the shrub-beds immaculate, the white roses
carefully pruned.

The young gardener soon appeared, a broad smile on his face as he
carried buckets of water.

Round the back of the house was his well, and his toddler daughter,
alarmingly amusing herself playing with an axe.

The powder-blue bathroom has long since fallen into disrepair


I pointed to show that I would like to look inside the house, and he
waved me in.

Red and white tiles still covered 60% of the floor. In the central hall,
an elegantly curved staircase slowly wound its way upstairs, its
banisters long gone.

The walls were riddled with bullet marks - there had obviously once
been some stand-off here.

The occupant of the master-bedroom would have enjoyed spectacular views
of the Gulf of Thailand.

The adjacent bathroom had once boasted a powder-blue suite - most of it
gone, or reduced to rubble, save for the lavatory roll holder, which
somehow had survived intact.

Mysterious benefactor

Then came a clue as to the ownership of this house. Another bedroom had
been turned into a makeshift classroom.

A series of cartoons painted on the wall seemed to poke fun at the
government.

In one a spotlight shone on a man in a suit, who looked like Hun Sen,
prime minister for the past 25 years. In the beam, the word
"transparency" was written in English and in capitals.

On another wall, a blackboard had the words along the top, again in
English, HM Norodom Sihanouk, King of Cambodia.

Sihanouk was monarch until 2004, when he unexpectedly abdicated, handing
power to one of his sons, Norodom Sihamoni, a former ballet dancer who
has spent most of his life abroad.

"King house, king house," my driver told me as we pulled away, waving
goodbye to the gardener and his daughter.

In fact as I discovered later, it was actually the villa of the king's
mother.

The Khmer Rouge abolished money and private property


The king's own residence is on a bluff the other side of town, a '60s
fantasy with sweeping picture windows and circular terraces overlooking
the sea.

Again the house is crumbling, but the grounds are perfectly maintained.

So who is paying the gardeners? Locals told me that money arrives
regularly and discreetly from the royal family itself.

Kep is gradually coming to life again.

French families are staying in the simple hotel on the beach and an
eco-resort has opened in the hills.

The grand former colonial governor's house - rather like a Normandy
chateau - has been restored and surrounded by chalets, though a
financial dispute means the complex is currently locked shut.

Cambodia now attracts over a million foreign tourists a year, but
Norodom Sihamoni is king of a nation that is still high up the UN list
of Least Developed Countries and suffers from what has been described as
"pandemic" corruption.

Recently the IMF announced Cambodia's economic outlook was distinctly
gloomy.

But if it is the king who is keeping his gardens growing in this little
coastal town, perhaps he dreams of a day when Cambodia's situation is
more stable, rosier, and Kep-sur-Mer as was, can become a royal resort
once again.

Friday, April 3, 2009

Cambodia says 4 Thai troops killed in border clash

Friday, April 03, 2009

Friday, April 03, 2009
By SOPHENG CHEANG

PHNOM PENH, Cambodia (AP) — Thai and Cambodian soldiers traded fire with
machine guns and rocket launchers along a disputed border, killing as
many as four people Friday in an escalation of tensions in a
long-standing feud over an 11th century temple.

Cambodian government spokesman Khieu Kanharith said four Thai soldiers
were killed and 10 captured during the two clashes. Thailand's Foreign
Ministry insisted only one Thai soldier was killed, seven were injured
and none was taken prisoner, while two Thai army officers, who refused
to be named, said two soldiers were killed and 10 injured.

The clashes occurred several hours apart near the same border location.

"The fighting has stopped. Commanders from both sides are talking," Maj.
Nou Sarath, a Cambodian soldier at the border, told The Associated Press.

The fighting is the latest flare-up near the cliff-top Preah Vihear
temple, which is on the Cambodian side of an ill-defined border that has
been a source of conflict for decades. Two clashes last year sparked
brief concerns of war.

In the first round of fighting Friday, Cambodia fired on some 60 Thai
soldiers after they entered Cambodian territory, sparking a battle that
lasted about 10 minutes, said Yim Kheang, a Cambodian soldier at the
border. Officials from both sides said there were no injuries.

Thai Foreign Ministry spokesman Tharit Charungvat said the clash started
when Thai soldiers arrived to investigate the site where one of their
colleagues had his leg blown off by a land mine on Thursday. As they
approached the area, Cambodian soldiers opened fire, he said.

Thailand and Cambodia have long had competing claims to land surrounding
the temple, which the World Court awarded to Cambodia in 1962. Tensions
flared last July after UNESCO, the U.N. cultural agency, approved
Cambodia's bid to have the temple named a World Heritage Site. Both
sides deployed troops.

Thai Defense Minister Prawit Wongsuwan downplayed Friday morning's clash.

"It was an accident, a misunderstanding among officials on the ground,
which is common when you are closely positioned," he told reporters in
Bangkok.

In the second clash, Cambodians insisted that Thai soldiers shot
rocket-propelled grenades into their territory. Tharit denied the
allegation. A Cambodian market near the border was set fire by a Thai
rocket but the market was empty so there were no casualties, Cambodian
soldiers said.

"The Cambodians started firing rocket-propelled grenades and rifles at
us," Tharit said. "That led to several casualties on our side."

On Thursday, a Thai soldier in the area lost his leg after stepping on a
land mine, but Thai and Cambodian military officials disagreed over
which side of the border he was on at the time.

Cambodia and Thailand share a 500-mile (800-kilometer) land border, much
of which has never been clearly demarcated because the countries refer
to different maps.

Tharit called on both sides to "exercise utmost restraint and not use
any force."

"We ask them to go back to the negotiating table," he said, referring to
border negotiations that are to resume at the end of the month.

Thai, Cambodian troops clash near disputed temple

Friday, April 03, 2009

Thai, Cambodian troops clash near disputed temple

Fri, Apr 03, 2009
By Ek Madra
Reuters

PHNOM PENH, CAMBODIA - Thai and Cambodian soldiers exchanged rocket and
rifle fire on a disputed stretch of their border on Friday, killing one
Thai in the latest flare-up of an ancient feud over a 900-year-old Hindu
temple.

Both sides accused each other of firing first in two separate clashes
near the Preah Vihear temple, which is claimed by both Southeast Asian
nations and saw an armed stand-off last year.

One Thai soldier died from a rocket-propelled grenade fired by Cambodian
troops when fighting resumed after midday talks between the border
commanders failed.

Seven Thai soldiers were also wounded in the second battle, Wiboonsak
Neepan, commander of Thailand's Second Army, told Reuters.

In Phnom Penh, Cambodian Information Minister Khieu Kanharith said he
had received reports of two Cambodian soldiers killed in the initial
fighting this morning, but it was not confirmed.

Cambodian officials claimed two Thais died in the morning clash.
Thailand said no one was hurt then and it planned to lodge a formal
protest with the Cambodian government.

The latest fighting comes a day after a Thai soldier lost a leg when he
stepped on a land mine in an area claimed by Thailand.

A Thai patrol visited the blast site on Friday morning and encountered
20 Cambodian soldiers.

"After talks between the two sides failed, the Cambodian side started to
walk away and turned back to open fire at Thai troops with rifles and
RPG rockets, forcing the Thai side to fire back in self-defense,"
Thailand's Foreign Ministry said in a statement.

Preah Vihear, or Khao Phra Viharn as it is known in Thailand, sits on an
escarpment that forms the natural border between the two countries and
has been a source of tension for generations.

The International Court of Justice awarded it to Cambodia in 1962, but
the ruling did not determine the ownership of 1.8 square miles (4.6 sq
km) of scrub next to the ruins, leaving considerable scope for
disagreement.

Tensions rose last month when 100 Thai troops crossed into a disputed
area near the temple and were stopped by Cambodian soldiers, but no
fighting occurred.

The border had been quiet for months while the Southeast Asian neighbors
sought to jointly demarcate the jungle-clad area where one Thai and
three Cambodian soldiers died in last October's exchange of rifle and
rocket fire.

Cambodian Prime Minister Hun Sen, a former Khmer Rouge commander, warned
this week that his soldiers would fight if Thai troops crossed the
disputed border again.

The site is 600 km (370 miles) east of Bangkok and only a decade ago was
controlled by remnants of Pol Pot's Khmer Rouge guerrilla army.

Few foreign visitors go there, although both countries have said they
would like to develop the area as a tourist destination.

The Cambodia-Thailand Joint Border Committee will meet again on Sunday
for three days of talks in the Cambodian resort town of Siem Reap to try
to find a solution to the row.

Thai, Cambodian Border Fighting Stops, Thailand Says

Friday, April 03, 2009

Thai, Cambodian Border Fighting Stops, Thailand Says

By Daniel Ten Kate

April 3 (Bloomberg) -- Fighting between Thai and Cambodian soldiers in a disputed border region has stopped after an exchange of heavy gunfire, Thai Foreign Ministry spokesman Tharit Charungvat said by telephone.

“The army chiefs are now talking,” Tharit said. “We asked for a ceasefire and do not want to use force.”

Cambodian and Thai troops engaged in “large-scale fighting” today, Cambodian government spokesman Phay Siphan said by phone. Two Thai soldiers were killed and six wounded, he said. Tharit denied the claim and said Thailand had suffered no deaths or injuries.

Two Cambodian soldiers were killed after soldiers fired at each other in at least three locations on the border, Agence France-Presse said, citing government spokesman Khieu Kanharith. Phay Siphan said he couldn’t confirm the Cambodian deaths.

The fighting erupted before the Association of Southeast Asian Nations, of which Thailand and Cambodia are members, will hold a summit from April 10 to 12 in Pattaya south of Bangkok with the leaders of China, Japan, South Korea, Australia and New Zealand. Cambodian Prime Minister Hun Sen plans to attend.

The disputed area has been the site of numerous incidents since July, when Thailand objected to Cambodia’s efforts to list Preah Vihear temple as a United Nations World Heritage site. The countries agreed in October to avoid clashes in the area after two Cambodian soldiers were killed in a gun battle.

Warning Issued

Hun Sen warned Thailand on March 31 that fighting would break out should troops from its neighbor cross into Cambodian territory.

Thailand plans to write a letter of protest to Cambodia after a five-minute exchange of gunfire between their troops earlier today, Tharit said.

The shooting erupted after Thai troops invited the Cambodians to inspect the site where a soldier from Thailand stepped on a landmine and lost his leg, Tharit said.

The meeting failed to resolve matters and the Cambodians left, then started firing, Tharit said. Thai officers suspect a newly laid landmine caused yesterday’s blast, he said.

In 1962, the International Court of Justice ruled in a 9-3 vote that Cambodia had sovereignty over Preah Vihear. The court didn’t rule on the disputed land near the temple.

Thai and Cambodian officials have scheduled meetings to continue work on demarcating their 803-kilometer (499-mile) border. The two countries have yet to divide 10,422 square miles in the Gulf of Thailand that may contain oil and gas reserves.

Thai Prime Minister Abhisit Vejjajiva is due to visit Cambodia later this month.

To contact the reporter on this story: Daniel Ten Kate in Bangkok at
dtenkate@bloomberg.net
.

Thai, Cambodian troops clash near disputed temple

Friday, April 03, 2009


Thai, Cambodian troops clash near disputed temple
<http://ki-media.blogspot.com/2009/04/thai-cambodian-troops-clash-near.html>


Fri, Apr 03, 2009
By Ek Madra
Reuters

PHNOM PENH, CAMBODIA - Thai and Cambodian soldiers exchanged rocket and
rifle fire on a disputed stretch of their border on Friday, killing one
Thai in the latest flare-up of an ancient feud over a 900-year-old Hindu
temple.

Both sides accused each other of firing first in two separate clashes
near the Preah Vihear temple, which is claimed by both Southeast Asian
nations and saw an armed stand-off last year.

One Thai soldier died from a rocket-propelled grenade fired by Cambodian
troops when fighting resumed after midday talks between the border
commanders failed.

Seven Thai soldiers were also wounded in the second battle, Wiboonsak
Neepan, commander of Thailand's Second Army, told Reuters.

In Phnom Penh, Cambodian Information Minister Khieu Kanharith said he
had received reports of two Cambodian soldiers killed in the initial
fighting this morning, but it was not confirmed.

Cambodian officials claimed two Thais died in the morning clash.
Thailand said no one was hurt then and it planned to lodge a formal
protest with the Cambodian government.

The latest fighting comes a day after a Thai soldier lost a leg when he
stepped on a land mine in an area claimed by Thailand.

A Thai patrol visited the blast site on Friday morning and encountered
20 Cambodian soldiers.

"After talks between the two sides failed, the Cambodian side started to
walk away and turned back to open fire at Thai troops with rifles and
RPG rockets, forcing the Thai side to fire back in self-defense,"
Thailand's Foreign Ministry said in a statement.

Preah Vihear, or Khao Phra Viharn as it is known in Thailand, sits on an
escarpment that forms the natural border between the two countries and
has been a source of tension for generations.

The International Court of Justice awarded it to Cambodia in 1962, but
the ruling did not determine the ownership of 1.8 square miles (4.6 sq
km) of scrub next to the ruins, leaving considerable scope for disagreement.

Tensions rose last month when 100 Thai troops crossed into a disputed
area near the temple and were stopped by Cambodian soldiers, but no
fighting occurred.

The border had been quiet for months while the Southeast Asian neighbors
sought to jointly demarcate the jungle-clad area where one Thai and
three Cambodian soldiers died in last October's exchange of rifle and
rocket fire.

Cambodian Prime Minister Hun Sen, a former Khmer Rouge commander, warned
this week that his soldiers would fight if Thai troops crossed the
disputed border again.

The site is 600 km (370 miles) east of Bangkok and only a decade ago was
controlled by remnants of Pol Pot's Khmer Rouge guerrilla army.

Few foreign visitors go there, although both countries have said they
would like to develop the area as a tourist destination.

The Cambodia-Thailand Joint Border Committee will meet again on Sunday
for three days of talks in the Cambodian resort town of Siem Reap to try
to find a solution to the row.

Sunday, March 8, 2009

RE: Discount Message 46491815

Men's Health glvjgBuild Maximum MUSCLE, STRENGTH, and POWER!
Try It FREE for 21 Days! ORDER NOW! Plus, get 2 FREE Bonus Gifts!
Dear khmernews.daily@blogger.com

Dont let flu spoil weekends



FREE gifts reserved for you: khmernews.daily@blogger.com
If you would prefer not to receive future information about special offers from Men's Health,
you may Unsubscribe.


Customer Service Department, 33 East Minor Street, Emmaus, PA 18098


Copyright, Men's Health






Saturday, March 7, 2009

How Do You Do?

How Do You Do? Look my photo, clal me and fuck me zpptuaiihz: http://vna-tp.mail15.su

Friday, March 6, 2009

Port traffic down by as much as 30% this year

<https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-nK8E0XdobKIC5LT5SGgTP_LNfbcUN83Mdo9IuV5coj82oAo0LFRTArw_upeJk5I8pAvK7HgMUUyGSvgUBjNkAtOJ4jdkvbJIDofX_SSUKC9pxOqo9eSR81eTJLFj1HE7Hjm8DEyqzWO4/s1600-h/Freight+ship+in+PPenh+Port+%28Bloomberg%29.jpg>A
freight ship docks at the Phnom Penh Port awaiting a consignment of
cargo in this file photo. A global slowdown in trade has hit heavily
Cambodia's two main shipping terminals. (Photo: Bloomberg)

Thursday, 05 March 2009
Written by May Kunmakara and George Mcleod
The Phnom Penh Post

30% drop in throughput at Phnom Penh Port
Cambodia's second largest container port has been affected more
heavily than Sihanoukville by the global economic crisis during the
first two months of this year

Global downturn hits trade, with flagging construction imports
accounting for the bulk of the losses since January

CARGO shipments at Cambodia's second-largest port have declined sharply
in the first two months of the year as global trade slows, say port
authorities, adding that hundreds of jobs have also been axed in the
downturn.

The Phnom Penh International Autonomous Sea Port reports a 30 percent
drop in throughput, largely due to falling imports of construction
materials, officials told the Post Wednesday.

"The decline is caused by the global financial storm that started to hit
at the end of last year. This affected not only our ports, but also
others in the region," said Hei Bavy, director general of the Phnom Penh
port.

He said that about 90 percent of goods crossing through the docks are
construction materials. With many of the country's construction projects
stopping or on hold, the port says shipments are in free fall.

"Developers are suspending their imports because they face the credit
crunch," he said, adding that staff had been cut from 700 to 400.

"I do plan to cut more staff, but I have reduced salaries to prevent
more layoffs," Hei Bavy said.

He added that the company is also instituting across-the-board cost cuts
to prevent further job losses.

"This affected not only our ports, but also others in the region"

Port traffic is falling globally, with Asia bearing the brunt of the
international trade slowdown. Singapore, the world's largest container
port, said container traffic was down 20 percent, and Shanghai, the
world's second biggest, down 19 percent, according to Bloomberg.

Cambodia's ports are reporting similar troubles, with officials blaming
not only a slowdown in the construction sector, but flagging overseas
garment sales as well.

The Finance Ministry in February reported a two-percent drop in garment
exports at the beginning of the year.

Lou Kim Chhun, director general of Sihanoukville International
Autonomous Port, told the Post Wednesday that he is waiting on figures
for February, but that container shipments were down 20 percent due to
the economic slowdown.

"The crisis has impacted our port revenue, which will hurt the
government's tariff and tax income," Lou Kim Chhun earlier told Rasmey
Kampuchea.

Hei Bavy said that the export of agricultural goods have been one bright
spot for the Phnom Penh Port.

"Agricultural exports have been stable, but I expect the crisis to
affect us for a long time," he said, adding that Cambodians should rely
more on domestically produced goods.

"If our people stop using imported products, it will support local
businesses. The crisis could drain our national wealth if people keep
buying foreign goods."

Thursday, March 5, 2009

[KhmerNews] Deficit a risky business during global crisis

Wednesday, 04 March 2009
Written by George McLeod
The Phnom Penh Post

"Cambodia's trade deficit has increased steadily in the past decade
as imports have soared. In 1998, the country recorded a $364 million
trade deficit that has grown each year since except in 2001 and
2003, years that saw a slight dip, National Bank of Cambodia figures
show. In 2006, the deficit for the year climbed to over $1 billion
for the first time at $1.034 billion and since then has escalated at
an increasing rate. In 2007, the deficit was $1.331 billion jumping
to $1.852 billion last year, according to central bank estimates, as
imports reached $11.47 billion." - Steve Finch

Emerging markets expert Vanessa Rossi of Chatham House, the UK's Royal
Institute of International Affairs, warns Cambodia may require a bailout
due to a rising accounts deficit

Asian leaders maintain that the region is in better shape than other
areas of the world. Do you believe that Asia will escape the worst
effects of the crisis?
Asia has two major problems - current accounts deficits are rising and
trade is in decline.... Over the next six months or so, countries with
current accounts deficits will run into problems.... The second issue is
trade. Trade is falling quickly, and Asia has a high percentage of
exports to GDP - with Western demand falling, this is going to hit Asian
countries hard.

The National Bank of Cambodia said the current accounts deficit may rise
from 11.2 percent of GDP in 2008 to 12.1 percent in 2009. Should that
raise concerns?
That rings bells, and it shows that this is not a regional problem - it
is a problem within certain pockets in Asia. Most Asian countries have
[current accounts] surpluses and large foreign exchange reserves, so
they are not as vulnerable to the problems that were seen during the
Asian crisis. But there are some specific spots that are exposed, and
Cambodia is one of them. Cambodia will find it very difficult to fund
these kinds of deficits with private sector capital flows.

"Its worrying, especially with the cambodian central bank coming out
with those figures."

[Investment] has been buoyant in recent years but this year it is
disappearing very fast. Neighbouring Vietnam had similar problems....
It's worrying, especially with the Cambodian central bank coming out
with those figures ... and it might require an eventual IMF bailout.

Running a deficit
Cambodia's current account balance year-on-year:

* 2007: -8.2 percent of GDP
* 2008: -11.2 pc of GDP (E)
* 2009: -12.1 pc of GDP (F)

E-estimate F-forecast
Source: National Bank of Cambodia

What are the options available to Cambodia?
Depending on the scale of the foreign-debt buildup, one of the options
is to be discussing this with the IMF - a number of countries are
already taking pre-emptive action in talking to the IMF about
assistance, possibly the same with the World Bank, to try to be able to
tide over these capital flows.

Other policies to be considered would cut back the import bill because
you very rapidly need to reduce the trade deficit, so the government may
have to impose some kind of trade restrictions, unpopular even if they are.

Cambodia has run a current accounts deficit for years. Why is it only a
problem now?
Because if you have a deficit, you have to have a counterpart to pay for
it, so you have to have capital inflows that cover this, otherwise the
country runs out of foreign exchange reserves. And you have a balance of
payments crisis. In recent years, there have been very buoyant capital
flows, and investment coming into emerging economies. But unfortunately
with this crisis, many of these flows have not just disappeared, but
they have actually reversed. In this case, it will be very difficult to
get those flows to match continuing trade and current accounts deficits.
So the implications are quite severe.

How long can Cambodia hold on before it needs an IMF bailout?
If you look at the foreign exchange reserves, you can see how many
months of cover the country has.

I think most countries aim to have something like five or six months of
cover to protect themselves, but if you start to run this down, you face
an escalating problem of confidence in your economy.

The central banks need to be very attentive to how much reserves they
have, and not just to use up these reserves but they need to take
pre-emptive measures before they get down to two or three months.

Economist Niall Ferguson predicted that Asian economies could fare worse
than the US. How do you respond to that?
Well, there are pockets in Asia that will have to be extremely careful -
Singapore is already announcing a very big loss of GDP and there are
some very serious problems in northeast Asia with Taiwan, Korea and
Japan likely to be far worse than the US. And, of course, there are
pockets like Cambodia and Vietnam that may not be able to resist the
financial problems, as well as the trade problems. In that sense, it's
quite possible, and quite ironic, that the crisis originated in the US,
but may hit hardest in other regions.

I think that many people realise that this wasn't just a US financial
problem, there are genuinely difficulties with the debt situation that
has built up in other areas of the world. Its not the housing market
that's the biggest problem in Cambodia, but certainly this buildup of
external debt and a dependence on capital flows is a huge risk.


------------------------------------

********************************************************************
Post message: KhmerNews@yahoogroups.com
*Subscribe: KhmerNews-subscribe@yahoogroups.com
*Unsubscribe: KhmerNews-unsubscribe@yahoogroups.com
*Read messages: http://www.yahoogroups.com/group/KhmerNews/messages

*Moderator: KhmerNews@msn.com (GloryCambdoadia)
For any suggestion please send to KhmerNews-owner@yahoogroups.comYahoo! Groups Links

<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/KhmerNews/

<*> Your email settings:
Individual Email | Traditional

<*> To change settings online go to:
http://groups.yahoo.com/group/KhmerNews/join
(Yahoo! ID required)

<*> To change settings via email:
mailto:KhmerNews-digest@yahoogroups.com
mailto:KhmerNews-fullfeatured@yahoogroups.com

<*> To unsubscribe from this group, send an email to:
KhmerNews-unsubscribe@yahoogroups.com

<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/

Deficit a risky business during global crisis

Wednesday, 04 March 2009
Written by George McLeod
The Phnom Penh Post

"Cambodia's trade deficit has increased steadily in the past decade
as imports have soared. In 1998, the country recorded a $364 million
trade deficit that has grown each year since except in 2001 and
2003, years that saw a slight dip, National Bank of Cambodia figures
show. In 2006, the deficit for the year climbed to over $1 billion
for the first time at $1.034 billion and since then has escalated at
an increasing rate. In 2007, the deficit was $1.331 billion jumping
to $1.852 billion last year, according to central bank estimates, as
imports reached $11.47 billion." - Steve Finch

Emerging markets expert Vanessa Rossi of Chatham House, the UK's Royal
Institute of International Affairs, warns Cambodia may require a bailout
due to a rising accounts deficit

Asian leaders maintain that the region is in better shape than other
areas of the world. Do you believe that Asia will escape the worst
effects of the crisis?
Asia has two major problems - current accounts deficits are rising and
trade is in decline.... Over the next six months or so, countries with
current accounts deficits will run into problems.... The second issue is
trade. Trade is falling quickly, and Asia has a high percentage of
exports to GDP - with Western demand falling, this is going to hit Asian
countries hard.

The National Bank of Cambodia said the current accounts deficit may rise
from 11.2 percent of GDP in 2008 to 12.1 percent in 2009. Should that
raise concerns?
That rings bells, and it shows that this is not a regional problem - it
is a problem within certain pockets in Asia. Most Asian countries have
[current accounts] surpluses and large foreign exchange reserves, so
they are not as vulnerable to the problems that were seen during the
Asian crisis. But there are some specific spots that are exposed, and
Cambodia is one of them. Cambodia will find it very difficult to fund
these kinds of deficits with private sector capital flows.

"Its worrying, especially with the cambodian central bank coming out
with those figures."

[Investment] has been buoyant in recent years but this year it is
disappearing very fast. Neighbouring Vietnam had similar problems....
It's worrying, especially with the Cambodian central bank coming out
with those figures ... and it might require an eventual IMF bailout.

Running a deficit
Cambodia's current account balance year-on-year:

* 2007: -8.2 percent of GDP
* 2008: -11.2 pc of GDP (E)
* 2009: -12.1 pc of GDP (F)

E-estimate F-forecast
Source: National Bank of Cambodia

What are the options available to Cambodia?
Depending on the scale of the foreign-debt buildup, one of the options
is to be discussing this with the IMF - a number of countries are
already taking pre-emptive action in talking to the IMF about
assistance, possibly the same with the World Bank, to try to be able to
tide over these capital flows.

Other policies to be considered would cut back the import bill because
you very rapidly need to reduce the trade deficit, so the government may
have to impose some kind of trade restrictions, unpopular even if they are.

Cambodia has run a current accounts deficit for years. Why is it only a
problem now?
Because if you have a deficit, you have to have a counterpart to pay for
it, so you have to have capital inflows that cover this, otherwise the
country runs out of foreign exchange reserves. And you have a balance of
payments crisis. In recent years, there have been very buoyant capital
flows, and investment coming into emerging economies. But unfortunately
with this crisis, many of these flows have not just disappeared, but
they have actually reversed. In this case, it will be very difficult to
get those flows to match continuing trade and current accounts deficits.
So the implications are quite severe.

How long can Cambodia hold on before it needs an IMF bailout?
If you look at the foreign exchange reserves, you can see how many
months of cover the country has.

I think most countries aim to have something like five or six months of
cover to protect themselves, but if you start to run this down, you face
an escalating problem of confidence in your economy.

The central banks need to be very attentive to how much reserves they
have, and not just to use up these reserves but they need to take
pre-emptive measures before they get down to two or three months.

Economist Niall Ferguson predicted that Asian economies could fare worse
than the US. How do you respond to that?
Well, there are pockets in Asia that will have to be extremely careful -
Singapore is already announcing a very big loss of GDP and there are
some very serious problems in northeast Asia with Taiwan, Korea and
Japan likely to be far worse than the US. And, of course, there are
pockets like Cambodia and Vietnam that may not be able to resist the
financial problems, as well as the trade problems. In that sense, it's
quite possible, and quite ironic, that the crisis originated in the US,
but may hit hardest in other regions.

I think that many people realise that this wasn't just a US financial
problem, there are genuinely difficulties with the debt situation that
has built up in other areas of the world. Its not the housing market
that's the biggest problem in Cambodia, but certainly this buildup of
external debt and a dependence on capital flows is a huge risk.

Friday, February 13, 2009

[KhmerNews] Kingdom's banks at risk: IMF

<http://3.bp.blogspot.com/_8up7h6T0Kzc/SZPbaxkOH6I/AAAAAAAALjU/-ioVJuIS0z4/s1600-h/Bank+teller+with+money+%28PPP%29.jpg>More
oversight is needed if Cambodian banks are to weather the storm, says an
IMF report. (Photo by: Heng Chivoan)
<http://3.bp.blogspot.com/_8up7h6T0Kzc/SZPbaqSf17I/AAAAAAAALjM/s8uSao-rds4/s1600-h/Deposit+and+credit+growth.jpg>Thursday,
12 February 2009
Written by George McLeod
The Phnom Penh Post

Nonperforming loans could soar to 13 percent and reserves fall below
limits if deposits and foreign capital continue to shrink, says new report

Cambodia's banks are under threat from rising nonperforming loans, slow
deposit growth and low liquidity, according to an International Monetary
Fund report released this week.

If the situation deteriorates, some banks could be unable to meet the
government's minimum capital requirements, the report says.

"The global financial crisis has exposed vulnerabilities among
Cambodia's banks and is beginning to affect their financial soundness,"
it says.

The annual economic review adds that poor compliance with reporting
rules could mean Cambodian banks are even worse off than thought.

The IMF assessment adds to warnings that the global financial crisis is
spreading to Cambodia's banking industry - a sector that until recently
was seen as a pillar of stability amidst falling garment exports and
dwindling tourist arrivals.

It follows last week's annual World Bank report that also raised
concerns about the Cambodian financial sector.

More supervision needed

The IMF's resident representative for Cambodia said the report
highlighted the risks that Cambodian banks face in 2009 but did not
serve as a negative forecast for the sector.

But John Nelmes told the Post Wednesday the report was a warning the
National Bank of Cambodia (NBC) needed to watch closely the sector in 2009.

"There is a real need for the NBC to supervise these banks," he said.

"[The NBC] has got to be the first line of defence. ... In that sense,
that's where we really need to see careful work. The NBC has to increase
surveillance of the banking sector," he said. He added that the IMF
noted improvements in NBC monitoring last year.

Nelmes stressed that although liquidity was a growing concern and local
banks faced the double hit of falling deposits and declining foreign
capital, the IMF did not "expect [Cambodian] banks to run into trouble
[in 2009]".

"There is a real need for the national bank ... to supervise these
banks."

The report says liquidity shortages have arisen at some banks. "In
response, banks have been raising deposit rates, drawing excess reserves
and, in a few cases, borrowing from abroad," it says.

An extreme scenario illustrated by the IMF shows non-performing loans
rising to a startling 13 percent, with six banks falling short of the
government's risk-weighted capital ratio of 15 percent.

Falling property prices have also put pressure on the sector, the report
says. "Large withdrawals have reportedly been made by firms concentrated
in the property sector, notably Korean-owned banks."

John Brinsden, vice chairman of ACLEDA Bank, said his bank's deposits
have been stable.

"I think that liquidity is very tight [in the banking sector as a
whole], and deposits have fallen by about one-sixth ... ACLEDA's
deposits have remained steady." ACLEDA is one of the few banks that has
expanded recently by increasing its ATM coverage and launching new
branches in Laos.

Both the IMF and World Bank warned that a number of banks were
especially at risk.

The IMF report says "several large [banks] could face a large
deterioration in credit quality and a need for recapitalisation,
depending on the magnitude of the current slowdown".

The World Bank report mentions "two large banks" being at risk from
nonperforming loans.

Spokesmen for the IMF and the World Bank would not name the banks in
question, but industry sources have identified Canadia and Vattanac Bank
as of particular concern.

"These banks are believed to be overexposed to the property sector," one
anonymous source said. "We are also watching a couple of others."

But Charles Vann, deputy general manager of Canadia Bank, said finances
remained solid. "These are just rumours. As far as I know, Canadia's
finances remain strong."

He said that the bank's liquidity and deposits been steady over the past
three months.

Vattanac Bank would not respond to requests for comment.

__._,_.___
********************************************************************
Post message: KhmerNews@yahoogroups.com
*Subscribe: KhmerNews-subscribe@yahoogroups.com
*Unsubscribe: KhmerNews-unsubscribe@yahoogroups.com
*Read messages: http://www.yahoogroups.com/group/KhmerNews/messages

*Moderator: KhmerNews@msn.com (GloryCambdoadia)
For any suggestion please send to KhmerNews-owner@yahoogroups.com
Recent Activity
Visit Your Group
Yahoo! Search

Start Searching

Find exactly

what you want.

Y! Messenger

Want a quick chat?

Chat over IM with

group members.

Biz Resources

Y! Small Business

Articles, tools,

forms, and more.

.

__,_._,___
468x60
468x60

Chat

Create a Meebo Chat Room