DAP: The breaking news in Cambodia: “Senior CPC leader encourages overseas Chinese in Malaysia to contribute to bilateral cooperation” plus 5 more

DAP: The breaking news in Cambodia: “Senior CPC leader encourages overseas Chinese in Malaysia to contribute to bilateral cooperation” plus 5 more


Senior CPC leader encourages overseas Chinese in Malaysia to contribute to bilateral cooperation

Posted: 16 Jun 2012 08:01 PM PDT

KUALA LUMPUR, June 16 (Xinhua) -- Visiting senior leader of the Communist Party of China (CPC) He Guoqiang on Friday encouraged overseas Chinese in Malaysia to continue to contribute to enhancing cooperation between China and Malaysia and fostering the friendship between the two peoples.

He, a member of the Standing Committee of the CPC Central Committee Political Bureau and head of the CPC Central Commission for Discipline Inspection, addressed a breakfast banquet held by the Federation of Chinese Associations Malaysia, highlighting that the China-Malaysia ties have maintained robust growth since the two forged strategic cooperation in 2004.

Hailing the contribution the overseas Chinese have made to China's development, He said overseas Chinese, including those in Malaysia, played a significant bridging role in the country's economic booming and the growth of Sino-Malaysian friendly cooperation.

"Friends who are present today are the witnesses and contributor to the China-Malaysia cooperation," He said, expressing the hope that the overseas Chinese in Malaysia could continue to support China's development when they develop their businesses in Malaysia.

He also called on them to continue to contribute to China's great rejuvenation and boost China-Malaysia friendship to a new height.

More than 100 people from all walks of life attended the banquet.

After the banquet, He held a small seminar with representatives of five Chinese companies which have established branches in Malaysia, urging them to forge a clear awareness of expanding cooperation with Malaysia, promote their businesses under the ASEAN framework, expand the sharing of their interests with local business and people and fulfill their social responsibility to build a positive image in the area.

He started his good-will official visit to Malaysia on Thursday. It is the third leg of his four-nation tour after He concluded his visits to Laos and Cambodia. The trip will also take him to Russia.

Cambodia's trade with Japan reaches 207 mln USD in first 5 months

Posted: 16 Jun 2012 08:00 PM PDT

PHNOM PENH, June 16 (Xinhua) -- Bilateral trade volume between Cambodia and Japan in the first five months of this year reached 207 million U.S. dollars, up 3 percent from 201 million U.S. dollars during the same period last year, according to a report of the Japan External Trade Organization on Saturday.

During the January-May period this year, Cambodia's exports to Japan were 136 million U.S. dollars, up 18 percent from 115 million U.S. dollars during the same period a year ago, while Japan's exports to Cambodia stood at 71 million U.S. dollars, down 17 percent from 86 million U.S. dollars, the report said.

The main products Cambodia exported to Japan are garment products, footwear, sugar, fish and seafood, and the country bought back from Japan machinery, automobiles, electronic products, meats, iron, steel and pharmaceutical products.

Currently, some 108 Japanese-owned companies are operating in Cambodia in different sectors.

In 2011, the two nations' trade volume was 514 million U.S. dollars.

Cambodia reports trade deficit of 1.1 bln USD in first 5 months

Posted: 16 Jun 2012 07:59 PM PDT

PHNOM PENH, June 16 (Xinhua) -- Cambodia recorded a trade deficit in equivalent to 1.1 billion U.S. dollars in the first five months of this year, according to a report of the Commerce Ministry on Saturday.

During January-May period this year, the report showed that the country's total import and export value was 5.16 billion U.S. dollars, up 17 percent from 4.41 billion U.S. dollars at the same period in a year ago.

The imports jumped by 18 percent to 3.13 billion U.S. dollars, while the exports rose by 15 percent to 2.03 billion U.S. dollars, resulting in an trade deficit of 1.1 billion U.S. dollars, it said.

Cambodia is heavily reliant on international trade. The country 's economy is supported by garment industry, tourism, agriculture and construction.

According to the report, the main products Cambodia exported include garments and footwear, rubber latex, milled rice and cassava. On the import side, the country shipped in products including garment and textile raw materials, petroleum, construction materials, automobiles and motorcycles, food and soft drinks, pharmaceutical products and cosmetics.

In the whole year 2011, the country's trade deficit was 1.73 billion U.S. dollars. The main foreign trading partners with Cambodia are the United States, European countries, China, South Korea, Thailand, Vietnam, Malaysia and Canada.

Cambodian PM heads for Mexico to attend G20 Summit

Posted: 16 Jun 2012 07:59 PM PDT

PHNOM PENH, June 16 (Xinhua) -- Cambodian Prime Minister Hun Sen, Chair of 2012 ASEAN, left Cambodia on Saturday for Los Cabos, Mexico to attend the G20 Summit to be held on June 18-19.

Senior government officials accompanying the premier to the meeting include Deputy Prime Minister and foreign minister Hor Namhong, secretary general of the Council for the Development of Cambodia Sok Chenda Sophea, finance secretary of state Aun Porn Moniroth and other officials, Srey Thamrong, a minister attached to the Prime Minister Hun Sen, told reporters at Phnom Penh International Airport before the departure.

"The participation is in the name of ASEAN," he said.

During the meeting, Hun Sen, on behalf of ASEAN, will deliver a speech expressing ASEAN stance on various topics raised in the summit, said Srey Thamrong.

The premier will also address the summit on the issue of food and fuel's price inequality, strengthening the international financial resources and promoting financial governance, according to a press release from the foreign ministry.

The G20 Summit will discuss topics including global economy, enhancement of international financial architecture, promotion of financial inclusion, green growth, infrastructure, food security and job creation, it said.

The Group of 20 (countries) comprises the world's biggest industrialized and developing economies.

Also, in Mexico, Hun Sen is scheduled to hold a bilateral talk with Mexican President Felipe Calderon Hinojosa.

China, Malaysia vow to step up bilateral cooperation

Posted: 16 Jun 2012 07:58 PM PDT

KUALA LUMPUR, June 15 (Xinhua) -- Visiting senior leader of the Communist Party of China (CPC) He Guoqiang called on China and Malaysia to further enhance political mutual trust and boost economic and trade ties as he met with Malaysian Prime Minister Nazib Tun Razak here Friday afternoon.

He Guoqiang spoke highly of the Nazib family's contribution to the development of the China-Malaysia relations, extending Chinese Premier Wen Jiabao's greetings to Nazib, who is also the president of the ruling United Malays National Organization (UMNO), and his to Nazib's mother.

Applauding the robust growth of the bilateral relations in the past 38 years especially since the establishment of the bilateral strategic cooperation in 2004, He said the two sides have scored remarkable achievements in political mutual trust and economic and trade cooperation.

Malaysia is China's biggest trading partner among ASEAN member states and the trade volume between the two nations has exceeded 9 million U.S. dollars last year, He said, noting such bilateral cooperation also forged in political, economic, humanitarian, scientific and technological, educational, cultural and tourism fields.

The relations between China and Malaysia as well as the relations between the CPC and the UMNO have been in their best forms, He told Nazib, calling on the Malaysian side to make joint efforts with China to increase political mutual trust and advance reciprocal cooperation.

Agreeing with He's views, Nazib said He's visit is a significant one for the enhancement of ties between the two nations and the two parties.

The fast-growing Malaysia-China relations are founded on a basis of mutual respect, mutual trust and a long-term friendship, Nazib said, expressing his confidence in the future development of the cooperation between the two nations as well as the two parties.

After the meeting, the two leaders witnessed the signing of the establishment of an industrial park. He also visited a Confucius Institute in the University of Malaya prior to the meeting.

Visiting as an UMNO guest, He arrived in the Malaysian capital on Thursday. Malaysia is the third leg of He's four-nation tour after he concluded his visits to Laos and Cambodia. The trip will also take him to Russia.

New U.S. envoy pledges to cement ties with Cambodia

Posted: 16 Jun 2012 07:56 PM PDT

PHNOM PENH, June 15 (Xinhua) -- The newly-designated Ambassador of the United States to Cambodia William E. Todd on Friday pledged to strengthen and expand the relations and cooperation with Cambodia in all fields for mutual interests.

He made the remark during a meeting with President of Cambodia' s National Assembly Heng Samrin, Kaim Sokal, the spokesman for Heng Samrin, told reporters after the meeting.

Todd said the United States would still continue helping Cambodia strengthen democracy and human rights.

He added that the visit of Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong to the United States on June 12 was a new testament of growing relationship between the two countries and that in July, the U.S. Secretary of State Hillary Clinton will make a visit to Cambodia to attend the 19th ASEAN Regional Forum.

Meanwhile, Heng Samrin said the two countries' relations and cooperation have gradually strengthened and expanded, especially in the fields of politics, foreign affairs, military, trade, education, health and demining.

On bilateral trade, he said, Cambodia exported garments and footwear to the United States equivalent to 2 billion U.S. dollars last year. In return, the United States exported to Cambodia an amount of 180 million U.S. dollars.

Todd substituted the outgoing U.S. ambassador to Cambodia Carol A.Rodley. He had presented his credentials to Cambodian King Norodom Sihamoni to mark his official start of diplomatic mission in the kingdom last Friday.

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