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Financial Aid from the Federal Republic of Germany for 2009 and 2010 Amounts to Euro 36 Million

By: The Mirror Posted: March-17-2010 in
The Mirror

The Mirror, Vol. 14, No. 656

“Phnom Penh: A delegation of the Federal Republic of Germany arrived in Cambodia last week to sign agreements with the Royal Government of Cambodia relating to grant aid for 2009 and 2010 of about Euro 36 Million [approx. US$49 million].

Small and Medium Scale Industry in Cambodia Will Be Strengthened for ASEANization

By: The Mirror Posted: February-24-2010 in
The Mirror

The Mirror, Vol. 14, No. 653

“Phnom Penh: Starting from 2015, member countries of ASEAN will exchange goods freely. Cambodia is among them, a country that is preparing to develop itself, while small and medium scale industry remains not so strong and needs further development so that it can compete with other ASEAN countries.

“Relating to the development of small and medium scale industry, the secretary of a Cambodian macro-micro industry community, Mr. Ouk Ren, spoke yesterday to Deum Ampil,

The Asian Development Bank: Achieving the Millennium Development Goals is in Danger

By: The Mirror Posted: February-22-2010 in
The Mirror

The Mirror, Vol. 14, No. 652

“While within five years the global Millennium Development Goals should be reached, the United Nations and the Asian Development Bank said in a report on Thursday, 18 February 2010, that the global economic crisis had made Cambodia to walk ‘off track,’ and the government policies must focus on social welfare.

Cambodian Medicines Are Successful at Foreign Markets

By: The Mirror Posted: February-12-2010 in
The Mirror

The Mirror, Vol. 14, No. 651

“When the company PharmaProduct Manufacturing (PPM – ‘French medecines produced in Cambodia’) was established in 1996, no one expected the extent of success it would achieve at the Cambodian market and around the world. But 14 years later, this Cambodian pharmaceutical plant is very successful in exporting pharmaceutical products to foreign countries. At present, Cambodian medicines produced by PPM have established their markets in 15 countries around the world, because the quality of Cambodian medicines produced by PPM is recognized.

Mondolkiri: The Creation of Tourism Communities Is Slow Due to Some Problems

By: The Mirror Posted: February-09-2010 in
The Mirror

The Mirror, Vol. 14, No. 651

“Phnom Penh: Mondolkiri is a province with potential for eco-tourism everywhere. Its natural environment is better than in other northeastern provinces. But a tourism official of this province said in a recent meeting that this province has not yet created tourism communities following legislation related to tourism to comply with proper tourism community standards like those in Koh Kong or in other provinces.

The Cambodian Commercial Scale Is Not Yet in Balance

By: The Mirror Posted: February-08-2010 in
The Mirror

The Mirror, Vol. 14, No. 650

“Phnom Penh: The Prime Minister of the Kingdom of Cambodia, Samdech Akkak Moha Senapadei Dekchor Hun Sen, stated on 4 February 2010 during the inauguration ceremony of the new building of the Ministry of Commerce, ‘The Cambodian commercial scale for exports is not yet in balance.’

“He added, ‘Our foreign commerce amounts to about US$10 billion. But the Cambodian export is only something more than US$4 billion, while the imports to Cambodia amount to much more. The Cambodian-Thai bilateral trade is more than US$2 billion; the Cambodian-Chinese is more than US$1 million; and the Cambodian-Korean trade is more than US$2 billion. In total, it is more than US$5 billion.’

Eight Companies Will Invest in Agro-Industry Crops on More than 50,000 Hectares of Land

By: The Mirror Posted: February-02-2010 in
The Mirror

The Mirror, Vol. 14, No. 650

“Phnom Penh: The Royal Government, represented by the Minister of Agriculture, Forestry, and Fisheries, Mr. Chan Sarun, and representatives of eight companies signed, on 29 January 2010, contracts on agro-industry crop investment on more than 50,000 hectares of land. Most investments focus on rubber plantations in three northeastern provinces of Cambodia.

Samdech Dekchor Hun Sen Encourages Cambodian Provinces to Cooperate with Korean Provinces

By: The Mirror Posted: January-28-2010 in
The Mirror

The Mirror, Vol. 14, No. 649

“Phnom Penh: The Prime Minister of the Kingdom of Cambodia, Samdech Akkak Moha Senapadei Dekchor Hun Sen, encouraged the provinces of Cambodia, especially those that have a potential for tourism, to investigate new possibilities and opportunities to cooperate with provinces of the Republic of Korea.

“The Phnom Penh – Daegu Gyeongsang Center for Culture, Tourism, and Commerce was inaugurated in the morning of 26 January 2010 – the building took 12 months to be finished, at a cost of US$8.7 million, directly financed by DKC&C Co. Ltd. and the GyeongsangBuk-Do province of Korea.

Cambodian Export in 2009 Dropped by 18.2%; Cambodian Economy in 2010 Might Achieve Growth

By: The Mirror Posted: January-21-2010 in
The Mirror

The Mirror, Vol. 14, No. 648

“According to statistics of the National Bank of Cambodia, total export products of Cambodia to foreign markets in 2009 amounted to US$3,619 million, showing a decline by 18% or US$804.7 million, compared to 2008.

“The garment sector, the biggest source of income for Cambodia, dropped to only US$716.2 million, and other products dropped to only US$88.4 million.

Within the Last 15 Years, Chinese Investors Control Projects Worth Up to US$6,511 Million

By: The Mirror Posted: January-14-2010 in
The Mirror

The Mirror, Vol. 14, No. 647

“Phnom Penh: Statistics over a course of 15 years show that Chinese investors invested the largest amount among all foreign investors in Cambodia.

“According to figures received from the Council for the Development of Cambodia late last week, China invested from 1994 to September 2009 as much as US$6,511 million in Cambodia.

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