This past month has seen a great deal of volatility on the world’s equity markets. First the Japanese stock market rose and fell and then the global equities took a hit on the announcement from US Federal Reserve Chairman, Ben Bernanke
Every country has it's own image, like Cambodia as the country where Angkor Wat is located and where the Khmer Rouge killed their own people, or Vietnam as the place where the Vietnam War took place, and Thailand as the land of the smiling people. What about Laos? It is getting a bit of a reputation as an eco-tourism destination, it is known as a laid back country where everything slows down. But not many people know that it actually produces one of the best coffees in the world.
As the grip of global recession tightens, even the most frivolous are starting to find ways to cut back. Whether it is putting off buying that new car or digging out last years sweater, every penny saved can help. As we buy less and spend little what is happening to the industries and manufacturers from whom we get our goods? What is happening to their employees?
The Mirror, Vol. 14, No. 657
“Phnom Penh: A high ranking official of the Ministry of Economy and Finance said that in 2009, according to a source from Electricité du Cambodge,338,567 houses or offices were supplied with the power of 1,643 gigawatt-hours in Cambodia.
“The deputy secretary-general of the National Economic Council and a high ranking official of the Ministry of Economy and Finance, Mr. Hav Ratanak, said during a conference about the prospects for Cambodian in 2010, organized on 17 March 2010, that, according to the documents of Electricité du Cambodge, the amount of energy that this institution received and distributed, rose up to 1,643 gigawatt-hours, increasing by 192 gigawatt-hours, while the number of clients increased to 338,567, going up by 23,034, compared with 2008.
The Mirror, Vol. 14, No. 688
Some readers considered last Sunday’s Reflections on Cambodia in the United Nations… to be naively disregarding the realities. Reconsidering what was written, I do not agree with such a negative evaluation. Is it not similar with considering the Constitution of a country? Even if a Constitution is not fully implemented, it is possible and necessary to regularly refer to it, claiming the rights and procedures to be realized which the text of a Constitution states.
The Mirror, Vol. 14, No. 682
During the past week The Mirror had references to Cambodian tourism, and also relating to dark periods of the recent past histories of Germany and of Cambodia – in both cases about international relations. During the next two or three weeks, while I will be still in Germany, I will probably more often share some reflections relating to Cambodia in an international context. This is always an important aspect, but I may have more observations to share than when I am in Phnom Penh.
The Mirror, Vol. 14, No. 682
Being in Germany for probably three or four weeks, I hope to be able to continue to share observations on The Mirror also during this time – of course always related to Cambodia. But, as I had announced, we had to discontinue translations from the Khmer press, and the postings will also not be on a daily basis any longer. I repeat this at the beginning for long time readers who may not yet have read it.
The Mirror, Vol. 14, No. 681
On 8 and on 9 September 2010, two high level statements from the World Bank were reported. Here follow some excerpts:
The Phnom Penh Post reported:
Chief Economist Meets Hun Sen, Praises Cambodia
The Chief Economist of the World Bank Justin Yifu Lin praised Cambodia for its economic development at a meeting with Prime Minister Hun Sen yesterday.
“Despite the world facing the financial crisis, Cambodia’s GDP is still positive,” Lin was quoted by Eang Sophalleth, spokesman for Hun Sen, as saying during a courtesy call to the Council of Ministers office in Phnom Penh.
The World Bank estimates that gross domestic product will rise 4.4 percent this year.
The Mirror, Vol. 14, No. 679
“Phnom Penh: Within six months of this year, the Vietnamese authorities said that the Cambodian tourist arrivals in Vietnam increased to nearly 120,000, but Cambodian experts said that most of them went for medical services.