Thursday, 02 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.
Cambodia Foreign Minister UN Speech Touches More on World Issues, Less on Cambodiai
X
29 September 2014
Cambodian Foreign Minister Hor Namhong's speech to the UN’s General Assembly on Monday in New York touches more on world issues and less on Cambodia. Before delivering his speech at UNGA, Hor Namhong told VOA Khmer that Cambodia was now enjoying peace and political stability after the two winning political parties in 2013 election had agreed to work together. His speech comes as Cambodia’s profile on the world stage has expanded in recent years. Cambodia has and improved economy and a growing participation in UN missions around the world. But Hor Namhong’s speech also comes amid deep criticism of Cambodia’s human rights record and a controversial agreement with Australia to help it resettle refuges in exchange for aid money. (VOA Khmer's Pin Sisovann, Washington)

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.
Rock the Boat (Movie: 500 Days of Summer)i
X
29 September 2014
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.
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.
Video

Video Get Over It (Movie: Shutter Island)

You can say, "No family is perfect, we argue, we fight. So that fight you had with your cousin last year - 'get over it'." What does it mean? Watch here.
Video

Video Make It Two (Movie: A Walk to Remember)

You can say, "Make it two, please!" What does it mean? Watch here. For more videos - go to www.khmer.voanews.com/maniandmori or www.youtube.com/KhmerSpecialEnglish. To contact Mani & Mori - write to them at maniandmori@gmail.com.
Video

Video Ballpark Figure (Movie: Music and Lyrics)

You can say, "I'm going to throw a pool party this weekend, so can you give me a 'ballpark figure' of how many people are going to come?" 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 Twist Someone's Arm (Movie: Cinderella Man)

You can say, "Every time I want my sister to clean her room, I always have to 'twist her arm' to get her to do it." 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.
See more >>>