HE Loves His People Like Children, Goes to Beijing tomorrow for Business

Breaking news from Cambodia can be found here. CEO often finds Khmer news and translates it into English for our readers if it is interesting to expats, locals, Cambodians living abroad and anyone who wants to stay informed of the latest local and international news stories about Cambodia and our neighbors in South East Asia. There are many sources for Khmer news articles and they can all be found here in one place. Most of the media comes out of Phnom Penh, Siem Reap or Sihanoukville, but we cover national Cambodian news from all provinces.
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Re: HE Loves His People Like Children, Goes to Beijing tomorrow for Business

Post by CEOCambodiaNews » Sun Apr 28, 2019 2:36 pm

Cambodia-China Sign Six Agreements
28/04/19 14:24
Beijing, China (FN), April 28 – Cambodian Prime Minister HE and Li Keqiang, Premier of the State Council of the People’s Republic of China chaired the signing ceremony of six agreements on Sunday as follows:

1. Memorandum of Understanding on Key Projects for Cooperation on Productivity Capacity and Investment
2. Memorandum of Understanding on Mutual Support on Tax Affairs
3. Memorandum of Understanding on Cooperation on the Export of 400,000 Tons of Cambodian Rice to China
4. Memorandum of Understanding on Cooperation of Rectangular Strategy and Belt and Road Initiative
5. Action Plans on Cambodia-China Community of Shared Future
6. Agreement on Economic and Technical Cooperation under Grant Aid

Yesterday, 27 April, Cambodia-China also signed three agreements, including:
1. Memorandum of Understanding on Framework Financing Agreement between Bank of China (Hong Kong) Limited and Canadia Bank Plc.

2. Memorandum of Understanding between the Ministry of Economy and Finance of the Kingdom of Cambodia and Bank of China on Promoting Financing to Support the Production, Procurement, Processing and Export of Cambodian Agricultural Products.

3. Memorandum of Understanding on Tourism Cooperation 2019-2021 between The Ministry of Tourism of the Kingdom of Cambodia and Bank of China Limited.
http://en.freshnewsasia.com/index.php/e ... 51-15.html
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Re: HE Loves His People Like Children, Goes to Beijing tomorrow for Business

Post by CEOCambodiaNews » Wed May 01, 2019 9:16 am

TOP NEWS: China Grants $90M to Cambodia’s Defense Sector
01/05/19 08:32
Beijing, China (FN), April 29 – Chinese President Xi Jinping announced to grant approximately USD 90 million in aid to support Cambodia’s defense sector, strengthening sovereignty and territorial integrity of the kingdom, speaking in a meeting with Cambodian Prime Minister HE and his delegation to attend the Second Belt and Road Forum in Beijing, China on 29 April 2019.

Cambodia delegate minister Kao Kim Hourn stated the two sides discussed cooperation on politics, economy, defense, and trade.

“Cambodia is a loyal friend of China, and that we will continue to support Cambodia under the framework of comprehensive strategic partnership,” Kao Kim Hourn quoted President Xi.

The President added that in response to EBA threat, China will encourage more investors to Cambodia and import more Cambodian products to Chinese markets.

“Under the BRI, China will develop Special Economic Zones, build airports and expressways in Cambodia,” Kao Kim Hourn quoted President Xi.

Prime Minister HE informed President Xi a new sharp package of reform measures in his remarks, which lasted more than three hours during the Government-Private Sector Forum held in March 2019.

Under the mottos “reform internally and make friends externally based on a spirit of independence” and the five approaches for better governance – self-reflection, showering, exfoliation, treatment, and surgery – the government has decided to remove the Cambodia Import-Export Inspection and Fraud Repression Directorate General (CAMCONTROL) and eliminate Kampuchea Shipping Agency & Brokers (KAMSAB). These two agencies have caused significant disruption to trade facilitation.

The Royal Government also facilitates trade measures under customs; eliminates Certificates of Origin (CO) for countries where they are not required; reduces of logistics and electricity costs; develops small and medium-sized enterprises and agricultural sector; and reduces public holidays from 30 days to 21 days.
Prime Minister congratulates and highly commends Xi Jinping, and other leaders in the government and the people of China for the remarkable success of the Belt and Road Initiative (BRI).

For Cambodia, BRI has provided many benefits to economic-social-cultural development. The success of the development of the Sihanoukville Special Economic Zone, a huge investment project of China, is a clear evidence of the development cooperation plan under the BRI between the two countries.

Currently there are 161 companies in operation (including 148 Chinese companies), creating more than 200,000 jobs for Cambodians. The second phase of the development of the Sihanoukville Special Economic Zone will create additional 800,000 jobs, according to Prime Minister.

"Through the deeper alignment of Belt and Road Initiative and the Rectangular Strategy, Cambodia and China will build a community of shared future with strategic significance that is mutually beneficial and interdependent for the benefits of our two peoples."
=FRESH NEWS
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Re: HE Loves His People Like Children, Goes to Beijing tomorrow for Business

Post by CEOCambodiaNews » Sat Sep 07, 2019 9:59 pm

Long read:
Special Report: How China’s $3M Aid Assists Cambodia’s Roads and Bridges (Video inside)
07/09/19 21:04

Phnom Penh (FN), Sept. 7 – Roads and bridges are the oxygen of every nation's economy. Without these important infrastructures, it is difficult to transport agricultural produce and goods made from the production sites to the markets. It will take lots of time to transport and that would degrade the quality of produces and goods. The transportation barrier indeed hinder investors from investing in a country that lacks infrastructure system despite possessing enriched natural resources.

Decades of war had not only protracted Cambodia’s economy, but also destroyed her physical infrastructure like roads and bridges. After liberating the country from the Pol Pot genocidal regime in 1979, infrastructure rehabilitation was one of the top priorities of Cambodian Prime Minister HE among the four prioritized agendas, including water, road, electricity, and human resource.

Following the absolute peace in 1998, the kingdom has rapidly constructed and upgraded her roads and bridges.

“In 1979, the choices we had back then were a walking lane and a biking lane. Unlike in 1979, the situation has changed gradually, from tough to convenient, from our misery of war to peace, from motorcycles to cars. If we maintain our peace, we will be able to further develop,” said Cambodian Prime Minister HE.

Cambodia's economy has significantly grown after infrastructure were expanded to remote areas, where agricultural produce and handicraft goods are made. They are also corridor to neighbouring countries. Road and bridge also contributes to attracting more investors to Cambodia's development from year to year. Infrastructure has also helped move the factories to faraway from the city and close to people in remote areas. These are the positive points of proliferating result of economic growth to the rural areas as envisioned in the national policy for infrastructure development noted by an economic expert Dr. Ky Sereyvath.

“When we talk about the economy of a country, we talk about the infrastructure, as it is the blood vein of the economy. Therefore, when the infrastructure is cut off, the flow of goods in the country is disrupted, and all production in the country is meaningless. The development of infrastructure allows factories to move closer to the rural areas”.

When roads and bridges reach the countryside, it attracts more factories closer to people, as the location site and labour cost is cheaper compared to in the city. In addition, it is also convenient for people in remote areas to find jobs. This is called the equally-distributed of economic growth model.

“When spending money in the countryside, [people’s quality of lives improve] as they upgrade their houses from wooden to bricked walls. So, as the infrastructure pushes factories to move to lower-cost areas, they can easily transport their products to the ports and help the economy grow,” he added.

Over the last 20 years, Cambodia has been working hard to build roads and bridges. New roads are built; some are renovated and expanded with better quality. Besides, bridges are built across the rivers. Roads and bridges create an interconnected system that facilitates traveling and transportation of products and goods. To date, Cambodia has 75 lines of road with more than 7,000 kilometres in length, and 19 major bridges, 18 kilometres in length.

Construction of infrastructure in Cambodia requires Cambodia’s nation budget, as well as grant aids and concessional loans from countries and development partners, such as China, Japan, Korea, Thailand, Vietnam, the World Bank and the Asian Development Bank (ADB). Of these countries and donors, China is the major provider of concessional loans. As of 2019, Cambodia received from the People's Republic of China USD 2.8 billion in the form of concessional loans to build infrastructure.

Out of the USD 2.8 billion loan, the Ministry of Public Works has completed 29 lines of roads, an equivalent to 2,888 kilometres; and built eight bridges, an equivalent to eight kilometres with a total cost of USD 2.5 billion. The ministry also prepared to build National Road 71c, National Road 10, which are worth of USD 322 million and Phnom Penh Port of USD 30 million.

Sun Chanthol, Minister of Public Works and Transport, regards China as a major contributor to the construction and rehabilitation of Cambodia’s infrastructure.

“If our Chinese friend did not help us, we would not have as many interconnected roads as today. If we chose to wait for loans from other countries, we would not have built these bridges even in the next five years. We would not have the opportunity to travel across the country. We can now leave Phnom Penh to Battambang to Samlot and from Samlot to Veal Veng then to Koh Kong and Sre Ambel then to Sihanoukville. From Sihanoukville, we can go to Kampot; we do not have to return. We have roads to everywhere,” said Sun Chanthol.

“But is that enough? Not yet, as some roads require the extension from two to four lanes; and some other roads need to upgrade from DBST to AC. We will continue to build more bridges to reduce the transportation costs, and can attract more tourists as well as investors,” he added.

Premier HE took note that the presence of infrastructure in Cambodia has resulted from the good relations between China and Cambodia. The premier highly appreciated China's support on building roads and bridges in the kingdom.

“If not China, who else is going to help us? Others can only shout and give us lessons, but gave us nothing. So the question is, if we do not have good relations with China, will China be able to financially support our construction? I understand we made the right decision in partnering with China,” said Strongman HE.
More here: http://en.freshnewsasia.com/index.php/e ... 03-43.html
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Re: HE Loves His People Like Children, Goes to Beijing tomorrow for Business

Post by John Bingham » Sat Sep 07, 2019 11:12 pm

There's some problem with the figures in that headline, $3 million doesn't go far in modern day infrastructure costs.
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Re: HE Loves His People Like Children, Goes to Beijing tomorrow for Business

Post by CEOCambodiaNews » Sat Sep 07, 2019 11:39 pm

John Bingham wrote:
Sat Sep 07, 2019 11:12 pm
There's some problem with the figures in that headline, $3 million doesn't go far in modern day infrastructure costs.
You are correct. The incorrect headline is from Fresh News (link below). The real figure is in fact USD 2.8 BILLION.
As of 2019, Cambodia received from the People's Republic of China USD 2.8 billion in the form of concessional loans to build infrastructure.

Out of the USD 2.8 billion loan, the Ministry of Public Works has completed 29 lines of roads, an equivalent to 2,888 kilometres; and built eight bridges, an equivalent to eight kilometres with a total cost of USD 2.5 billion. The ministry also prepared to build National Road 71c, National Road 10, which are worth of USD 322 million and Phnom Penh Port of USD 30 million.
http://en.freshnewsasia.com/index.php/e ... 03-43.html
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Re: HE Loves His People Like Children, Goes to Beijing tomorrow for Business

Post by Duncan » Sun Sep 08, 2019 8:01 am

Quote,, If our Chinese friend did not help us, we would not have as many interconnected roads as today. If we chose to wait for loans from other countries, we would not have built these bridges even in the next five years.

if not China, who else is going to help us? Others can only shout and give us lessons, but gave us nothing. So the question is, if we do not have good relations with China, will China be able to financially support our construction?


Well sometimes you have to agree with man and say he's right.
Cambodia,,,, Don't fall in love with her.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
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Re: HE Loves His People Like Children, Goes to Beijing tomorrow for Business

Post by Brody » Sun Sep 08, 2019 8:05 pm

CEOCambodiaNews wrote:
Sat Sep 07, 2019 9:59 pm
“If our Chinese friend did not help us, we would not have as many interconnected roads as today. If we chose to wait for loans from other countries, we would not have built these bridges even in the next five years.
You gotta admit that it take a lot of cheek to let your country's infrastructure wallow in squalor whilst you wait for aid from other countries...

...and all the while the big man reportedly wears a 2 million dollar time piece and the entirety of the upper echelon of the Khmer sociopolitical spectrum is awash in an obscene amount of wealth. As noticed from the multitude of Bentley's, Rolls Royce's, et al. Not to mention business conglomerates/monopolies and vast land holdings.

But maybe it's just good business savvy. Why pay for it from your own coffers if other countries are willing to fork it over.
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Re: HE Loves His People Like Children, Goes to Beijing tomorrow for Business

Post by Arget » Sun Sep 08, 2019 8:42 pm

Other countries have paid for it. Sadly he and all his cronies take a Large piece of the pie for themselves then its just a flow on effect down the line so that about 10 cents in the dollar actually gets spent on substandard roads.
The current beneficial sponsor provides the funding AND the Chinese government backed companies to build the infrastructure so it ends up not costing as much but the debt remains huge.
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Re: HE Loves His People Like Children, Goes to Beijing tomorrow for Business

Post by SternAAlbifrons » Sun Sep 08, 2019 11:40 pm

Cardamom concrete /ground truthing

Provision of this development road was part of the dam building contract.
Photo; two years after construction.
I hope the dam was not built with the same batch of concrete. (dam in background, photo 1)
Image
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Re: HE Loves His People Like Children, Goes to Beijing tomorrow for Business

Post by Anchor Moy » Mon Sep 09, 2019 1:15 am

SternAAlbifrons wrote:
Sun Sep 08, 2019 11:40 pm
Cardamom concrete /ground truthing

Provision of this development road was part of the dam building contract.
Photo; two years after construction.
I hope the dam was not built with the same batch of concrete. (dam in background, photo 1)
Image
Image
Hmm. Probably was, but let's be optimistic and hope that the best concrete was used for the dam construction, and will last a year or two longer than the road.
:o
And what is going to happen when they start building the so-called mega-dams on the Mekong ? Giant structures with so many opportunities to put money in pockets instead of good materials. :facepalm:
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