Thursday, 23 October 2014

Economy

US ‘Committed’ to Region’s Economy, Trade Diplomat Says

A truck leaves a Coca-Cola factory to distribute its bevarages to shops and restaurants in Phnom Penh, file photo. A truck leaves a Coca-Cola factory to distribute its bevarages to shops and restaurants in Phnom Penh, file photo.
x
A truck leaves a Coca-Cola factory to distribute its bevarages to shops and restaurants in Phnom Penh, file photo.
A truck leaves a Coca-Cola factory to distribute its bevarages to shops and restaurants in Phnom Penh, file photo.
Kong SothanarithVOA Khmer
PHNOM PENH - The US is committed to strong economic activity in Southeast Asia, a senior US diplomat said at a round table discussion in Cambodia Tuesday.

However, Lorrain Hariton, US State Department Special Representative for Commercial and Business Affairs, said the region still needs a strong infrastructure that would act as a backbone for the economic growth in the region.

“The reason I am here as representative is to make sure that we can make that all happen, and that we are committed to moving forward in partnership with the business community to make that happens,” she said.

Hariton was in Phnom Penh following a meeting in Hanoi to discuss infrastructure in the countries of the lower Mekong River.

“Cambodia now is not just Cambodia,” said Pho Hong Phong, a US Commerce Department official. The country is among those in the Lower Mekong Initiative and a member of Asean and its potential market of hundreds of millions of people. “American companies want to do business in Cambodia,” he said.

Chan Sophal, head of the Cambodian Economists Association, said there is “room” to invest in Cambodia, from factories to farmland, in tourism and hotels. What Cambodia lacks is capital and management resources, as well as technology, he said.

US companies are the fifth-most invested here in dollar terms, with more than $1.2 billion in investments over the last decade. Cambodian exports to the US for the first 11 months of last year reached $2.49 billion, a 1 percent increase year on year. Its imports of US goods grew 26 percent for that period, reaching $213 million.
Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Defense Teams Leave Khmer Rouge Tribunal Hearingi
X
18 October 2014
Defense lawyers for Khmer Rouge leaders Nuon Chea and Khieu Samphan boycotted an opening hearing for the two men on Friday, leaving the courtroom and putting the second and final phase of the trial for the two men in limbo. Nuon Chea’s team has asked for a disqualification of four judges, while Khieu Samphan’s team has asked for an appeal on an initial judgment against him. Neither request has yet been heard, but tribunal officials say they will be. It remains unclear what will happen next with the hearing. (Kong Sothanarith, Phnom Penh)

English with Mani & Mori

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Face the Music (Movie: Yes Man)i
X
20 October 2014
You can say, "You lied, and lied, but this time you got caught. It's time you 'face the music'. It's time you confess and tell the truth." What does it mean? Watch here. For more videos - go to youtube.com/KhmerSpecialEnglish. To contact Mani & Mori - write to them at maniandmori@gmail.com.
Video

Video Face the Music (Movie: Yes Man)

You can say, "You lied, and lied, but this time you got caught. It's time you 'face the music'. It's time you confess and tell the truth." What does it mean? Watch here. For more videos - go to youtube.com/KhmerSpecialEnglish. To contact Mani & Mori - write to them at maniandmori@gmail.com.
Video

Video Hit the Nail on the Head (Movie: Inside Job)

You can say, "The professor 'hit the nail on the head' when she said, that we cannot demand respect, respect must be earned and not given freely." What does it mean? Watch here. For more videos - go to www.youtube.com/KhmerSpecialEnglish or www.khmer.voanews.com/maniandmori. To contact Mani & Mori
Video

Video Speak of the Devil (Movie: Easy A)

You can say, "Speaking of the devil, there she is! Hey, we were just talking about you a moment ago." What does it mean? Watch here. For more videos - go to youtube.com/KhmerSpecialEnglish. To contact Mani & Mori - write to them at maniandmori@gmail.com.
Video

Video Rock the Boat (Movie: 500 Days of Summer)

You can say, "Things are going really well between the two of you - he's happy and you're happy, so why 'rock the boat'?" What does it mean? Watch here. For more videos - go to www.youtube.com/KhmerSpecialEnglish. To contact Mani & Mori - write to them at maniandmori@gmail.com.
See more >>>