Brief from Cambodia (2)

Economy:

Oil price in Cambodia goes down slightly despite sharp decrease in internal oil market, reported Cambdian daily newspaper, Koh Santepheap.

The price decreases 400 rield (US$ 0.1) today while the international market lower the cost to US$97 per barrel from the old record of US$140, compared the paper.
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Cambodia plans to build another new bridge to link Kandal provice to Vietnam in order to boost trade between the two nations, reported the Cambodian English newspaper the Phnom Penh Post today.

The project will cost around 20 million dollars, but there is no exact date mentioned on launching it, added the paper.

Comments

Will Cambodia catch the cold?

When the US sneezes, the whole world catches the cold. It is of course true because the US is the most powerful country in both politic and economy. The current financial crisis is a clear example. The US banking system and corporations are facing unstable situations; public spending is down. Economic transactions between the US and the world are less. As the result, the world export to the US decreases. The main focus here is whether Cambodia is among the cold catchers. It is hard to deny that Cambodia is still healthy while others have already been affected. Some predictions, including the IMF and World Bank, say the country's garment sector, which depends heavily on the US market, will affect by the US consumer saving. But this is somehow not really true. Americans at this financial crisis period try to cut their spending on luxurious commodities. The General Motor example of being bankruptcy is a sign that cars are not American choices anymore. Cambodian garment, on the other h...

Original please! Stop copying!

It is the second time this year that I heard about foreign entertainment companies planned to sue Cambodian firms for copying their work. It is applauded, by the way. Every time I listen to the current Cambodian music, I have the feeling of finding out where it is copied from. It is annoying! I could not relax with the music. That's why almost every month local firms are able to release at least an album! The number of album sung by a local singer exceeds even Michael Jackson's. Achieving that is very easy, sit down and copy. Those companies always complaint of pirate CDs copying their work, but they never admit their sin. Wake up, please! If we put all the blames to the market or the audience, it is very wrong. Audience never like the copied ones although they prefer low cost. They would like great music, the one that they admire and appreciate! And if you tell me Cambodian music is invaded by foreigners' resulted from globalization's effect, it will never convi...

Closing Cambo Six is a safe bet for securing government's social goals

The Phnom Penh Post's article "Game over for Cambo Six", published on February 26 about the government's closure of Cambodia's legal betting company Cambo Six revealed another major development of the Kingdom's policies towards gambling. It is more focused on long-term results of social improvement by eliminating contradictory forces such as gambling. The new policy will save a great deal for the government's poverty reduction plan, for public spending and for improvements in education. Firstly, the closure will remove the forces that contradict poverty-reduction efforts. This means at the same time the government and civil society are running programs to make people richer, gambling makes them poorer. Secondly, the government's order saves the country's public spending. The government, of course, loses tax income from gambling. But they do not need to increase the budget to cope with social problems resulting from gambling. Domestic violence, ro...

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