DAP: The breaking news in Cambodia: “Cambodia begins to construct 3-storey stock market building in capital center” plus 4 more |
- Cambodia begins to construct 3-storey stock market building in capital center
- 2013 China-ASEAN Economic and Trade Forum Held in Boao
- Israel envoy pledges to boost tourism, agriculture ties with Cambodia
- Cambodia holds mass memorial rally to mark 100 days since King Sihanouk's death
- Cambodia releases list of foreign leaders to attend Sihanouk's cremation
| Cambodia begins to construct 3-storey stock market building in capital center Posted: 27 Jan 2013 10:28 PM PST PHNOM PENH, Jan. 28 (Xinhua) -- Cambodia's Securities Exchange (CSX) on Monday broke ground for the construction of a 3-storey building in the heart of Phnom Penh, the country's capital. "The construction of the building reflects the government's firm stance in developing the stock market and the building will build more confidence among both local and foreign investors in the CSX," Cambodian deputy Prime Minister and finance minister Keat Chhon said at the groundbreaking ceremony. The building will cost 4 million U.S. dollars and the construction will be completed in early 2014, he said. It is located near the capital's historical site Wat Phnom in Duan Penh district. In the original plan in December 2009, the country announced to build the CSX building in a South Korea-invested Camko City on the outskirts of Phnom Penh. "The government has decided to cancel the plan to construct the stock market building at the Camko City because it is a bit far," Hong Sok Hour, CSX's general director, told Xinhua over telephone. "The new location is in the heart of the city and is in the financial area." The CSX was officially launched trading on April 18, 2012 at a temporary office at the Canadian Tower. To date, only one state- owned enterprise, Phnom Penh Water Supply Authority, has listed on the stock market. The CSX was initiated by the Korean Exchange in 2007. It is a joint venture between the government of Cambodia holding 55 percent of the stakes and the Korean Exchange owning the remaining 45 percent. | ||
| 2013 China-ASEAN Economic and Trade Forum Held in Boao Posted: 27 Jan 2013 09:34 PM PST The opening of China-ASEAN Economic and Trade Forum
Boao Forum for Asia SME Conference 2013 was held in Boao, Hainan province from January 16 to 18, 2013. Co-hosted by ASEAN-China Centre and China Enterprise Cooperation and Promoting Association, the China-ASEAN Economic and Trade Forum was held during the same period.
Mr. Ma Mingqiang, Secretary General of ASEAN-China Centre delivered speech Mr. Ma Mingqiang, Secretary General of ASEAN-China Centre, Mr. Song Yaoming, Deputy Director General, Department of Asian affairs of MOFCOM, Mr. Yang Yihang, Deputy Director General, Investment Promotion Agency of MOFCOM, Mr. Liu Ping, Executive Director of Office of Rules of Origin, Department of Customs Collection of General Administration of Customs, Ms. Jiang Gongying, Senior Researcher of ASEAN-China Watch, Ms. Suphatra SRIMAITREEPHITHAK, Consul General of Thai Consulate General in Guangzhou and Mr. Ong Chong Yi, Economic Minister Counsellor addressed the Forum, while Ms. Tann Pol Neary, Commercial Counsellor and Mr. Seng Leena, First Secretay of Embassy of Cambodia, Mr. Marolop Nainggolan, Commercial Counsellor of Embassy of Indonesia, Mr. Khampanh SENGTHONGKHAM, Commercial Counsellor of Embassy of Laos and Mr. Ivan Frank M. Olea, First Secretary of Embassy of Philippines attended the forum and briefed the Chinese entrepreneurs on their own countires' investment environment, policies and incentives respectively. Mr. Ma Mingqiang pointed out in his speech that ASEAN-China economic and trade cooperation now enjoys the best policies and infinite opportunities. Chinese enterprises are encouraged to make full and the best use of CAFTA, take advantage of the opportunities brought by the rapid development of ASEAN economy and the acceleration of the regional integration. Chinese enterprises should quicken up industrial transfer and optimization of resources allocation through complementary advantage in order to achieve win-win development by mutually beneficial cooperation. Mr. Song Yaoming briefed on the ASEAN-China economic and trade development and the updates of bilateral cooperation on CAFTA, China-ASEAN connectivity and RCEP. Mr. Yang Yihang introduced the major functions of Investment Promotion Agency to assist Chinese SMEs in exploring ASEAN market, including organizing enterprises to visit ASEAN, improving information service, hosting investment promotion activities and strengthening cooperation with investment promotion organizations in ASEAN. Mr. Liu Ping elaborated on the rules and certificate of Origin, the requirement and procedure of application of COO. He also analysed different situations that enterprises may encounter with when applying for COO and the solutions accordingly through abundant case studies. Ms. Jiang Gongying briefed on the present development and features of industrial cooperation between ASEAN and China with detailed and professional data and analysed the sectors, ways and trend of business cooperation between ASEAN and Chinese enterprises. According to the lately released statistics, the bilateral trade volume between ASEAN and China has already exceeded 400 billion USD in 2012 and the bilateral investment volume reached 100 billion USD at the end of last year with a rapid increase of Chinese investment to ASEAN. As a vigorous image of Chinese economy, Chinese SMEs have speeded up their pace in going global in recent years. As the first destination of investment, ASEAN has attracted widespread attention. The China-ASEAN Economic and Trade Forum was warmly received by enterprises. | ||
| Israel envoy pledges to boost tourism, agriculture ties with Cambodia Posted: 27 Jan 2013 07:30 PM PST PHNOM PENH, Jan. 28 (Xinhua) -- Bangkok-based new ambassador of Israel to Cambodia Simon Roded on Monday expressed Israel's desires to promote bilateral ties with Cambodia in tourism and agriculture. Speaking during presenting credentials to President of Cambodia 's National Assembly Heng Samrin, who received the credentials on behalf of King Norodom Sihamoni, Simon Rodded pledged to strengthen and expand friendship relations and cooperation between Israel and Cambodia during his diplomatic mission. He said Israel is willing to boost ties with Cambodia in tourism and agriculture besides education. Meanwhile, Heng Samrin said Cambodia wanted to see better relations and cooperation between the two countries, especially in trade, investment and tourism. He expressed sincere thanks to Israel for subsequently providing scholarship to Cambodian students to study in Israel. The two nations' ties in trade, investment and tourism are relatively small. There was not any investment project from Israel to Cambodia last year, according to a report of the Council for the Development of Cambodia. On tourism side, Cambodia greeted 7,078 Israelis in the first 11 months last year, up 19 percent year-on-year, said a tourism report. | ||
| Cambodia holds mass memorial rally to mark 100 days since King Sihanouk's death Posted: 27 Jan 2013 07:30 PM PST
PHNOM PENH, Jan. 26 (Xinhua) -- About 20,000 Buddhist monks gathered in front of Phnom Penh's Royal Palace on Saturday evening to chant and pray for the soul of late King Father Norodom Sihanouk on the 100th day since he died in October last year. The Buddhism-customary ceremony was attended by Sihanouk's wife Queen Mother Norodom Monineath and his son King Norodom Sihamoni, along with tens of thousands of royal families, dignitaries and common people. The monks, led by Venerable Tep Vong, Great Supreme Patriarch of the nation's Buddhist monks, had come from pagodas throughout the country. At the event, King Norodom Sihamoni expressed sincere and heartfelt thanks to all monks and laypeople for holding a mass rally to mark the 100th day of his father's death. Sihanouk died of illness at the age of 90 in Beijing on Oct. 15, last year. Currently, his body is lying in state at the Royal Palace in Phnom Penh for the public to pay their last respect. The body will be moved from the Palace to a custom-built crematorium at the Veal Preah Meru Square next to the Palace on Feb. 1 and kept for another three days at the site before it is cremated on Feb. 4. The Cambodian Ministry of Foreign Affairs on Friday released a list of foreign leaders who will attend Sihanouk's cremation. Among them are Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, French Prime Minister Jean-Marc Ayrault, Vietnamese Prime Minister Nguyen Tan Dung, Thai Prime Minister Yingluck Shinawatra, Laos Prime Minister Thongsing Thammavong, Vice President of the Philippines Jejomar C. Binay, and Japan's Prince Akishino. It is expected that at least 1.5 million people will attend the funeral, which will be safeguarded by some 11,000 security forces. | ||
| Cambodia releases list of foreign leaders to attend Sihanouk's cremation Posted: 27 Jan 2013 07:15 PM PST PHNOM PENH, Jan. 25 (Xinhua) -- Cambodian Ministry of Foreign Affairs on Friday released a list of foreign leaders who will attend the royal cremation ceremony of the late King Father Norodom Sihanouk on Feb. 4 in the Cambodian capital. Among them are Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, French Prime Minister Jean-Marc Ayrault, Vietnamese Prime Minister Nguyen Tan Dung, Thai Prime Minister Yingluck Shinawatra, Laos Prime Minister Thongsing Thammavong, Vice President of the Philippines Jejomar C. Binay, and Japan's Prince Akishino, among others. According to a ministry statement, Jia Qinglin, Jean-Marc Ayrault and Prince Akishino will be received in separate royal audience by Cambodian King Norodom Sihamoni and Queen-Mother Norodom Monineath at the Royal Palace. Sihanouk died of illness at the age of 90 in Beijing on Oct. 15, last year. Currently, his body is lying in state at the Royal Palace for the public to pay tribute. The body will be moved from the Royal Palace to a custom-built crematorium at the Veal Preah Meru Square next to the Palace on Feb. 1 and kept for another three days at the site before it is cremated on Feb. 4. Cambodian government spokesman and Information Minister Khieu Kanharith said last week that at least 1.5 million people are expected to attend the ceremony. A security force of about 11,000 will be deployed in the capital to ensure security and public order during the ceremony, said Lt. Gen. Kirt Chantharith, spokesman for the National Police. Prime Minister Hun Sen has said it will be the kingdom's largest funeral to express the deepest gratitude to the King Father for his royal crusade to gain independence from France in 1953 and lead national construction from 1954 to 1970. Sihanouk suffered from various forms of cancer, diabetes and hypertension and had been treated by Chinese doctors in Beijing for years before his death. He wrote in a royal letter in January 2012 that he requested his body to be cremated instead of being buried and his ashes to be put in an urn, preferably made of gold, and placed in a stupa at the Royal Palace. |
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