Center for Khmer Studies (CKS)


Overview
Founded in 1999, the Center for Khmer Studies (CKS) is an international, non-governmental organization supported by a consortium of universities, organizations, scholars and individuals. CKS is registered with the Ministry of Foreign Affairs of Cambodia and incorporated in the United States as a tax-exempt institution under article 501 (c) 3 of the Internal Revenue Code.

CKS is the first and only member institution of the Council of American Overseas Research Centers (CAORC) in Southeast Asia. Its programs are based in two offices in Cambodia: CKS’s headquarters in Siem Reap-Angkor and in the capital, Phnom Penh. CKS also maintains an administrative office in New York City and a support office in Paris, Les Amis du Centre d’Etudes Khméres where it is registered as an Association Loi 1901.

The Center for Khmer Studies’ (CKS) mission is to support research, teaching and public service in the social sciences, arts and humanities as they relate to Cambodia. We aim to connect Cambodian scholars, students and artists with their international colleagues for the purpose of fostering understanding of Cambodia and Southeast Asia.

Academic Programs
- CKS Library
- Fellowships
- Research and Training Programs
- Publishing and Translation Program
- Conferences/Events

Curriculum
N/A

Teaching Language
English-and-Khmer-based instruction

Facilities
Data N/A

Additional Service
Data N/A

Admission
Admission requirements vary according to each program

Fees
Free of charge

Affiliate Partners/Branches
Data N/A

Address
Head Office Phnom Penh Office: 234 Street 450, Tuol Tumpung II, Chamkamorn, Phnom Penh
Tel: (855) 023 991 937
Siem Reap: PO Box 9380, Wat Damnak, Siem Reap
Tel: (855) 063 964 385
Fax: (855) 063 963 035

BELTEI International Institute

A brance of BELTEI International Institute in Stung Meanchey, Phnom Penh

Overview
BELTEI, a private educational institute, was founded on January 01, 2002 at 77, Street 125, Sangkat Veal Vong, Khan 7 Makara, Phnom Penh and was the first BELTEI International Institute and named BELTEI one. BELTEI is an acronym consisting of six major subjects: Business, Economics, Law, Tourism, English, and Information Technology.

The reinforced concrete and five-story institute has 29 classrooms and 9 restrooms. There is a terrace on the fifth floor where the students could do exercise and relax after class or at break time and the ground floor is used for parking.

The institute has spread its branches to 9 locations in the Capital city of Phnom Penh. Another branch, the 10th, is under construction in 2010.

The institute was founded by Dr. Ly Chheng, an advisor to the Council of Ministers, with the rank of Under-Secretary of State, the Director-General of BELTEI Group Co.,Ltd..

BELTEI provide education services ranging from GEP, TOEFL preparation and K-12.

Academic Programs
-Khmer General Education
• Kindergarten
• Elementary school education (grade 1-6)
• Junior high school education (grade 7-9)
• High school education (grade 10-12)
-English
• GEP: Kindergarten – adult programs
• TOEFL preparation
• Foundation year (English)
• Associate/Bachelor degrees of Arts in English
-Computer trainings

Curriculum
-National-based curriculum for K-12
-International, American-based curriculum for English

Teaching Language
English & Khmer instructions

Facilities
Premium language and computer labs, conference hall, classrooms, library, meeting rooms

Additional Service
Mini-bus with charging fees

Admission
Pre-grade one
-Any student who enrolls in pre-Grade 1 must be at least 5 years old.
- Primary, Junior and High School (Grade 1-12)
-6 years onwards
-for any transference, students must have previous official academic records
-Students having no previous official academic records must be tested to measure ability before admission
-signed application from patrons/parents
-birth certificate/family book required
-faculty of Arts in English
-high school graduate
-official high school fail-certificate
GEP
-students must undergo placement tests

Fees
-Ranging from $300 to $450 per year with additional charging

Affiliate Partners/Branches
9 branches: BELTEI Campus 1 (Kirirom), BELTEI Campus 2 (Stop Tuol Tumpoung), BELTEI Campus 3 (DN), BELTEI Campus 4 (Phsar Deum Thkov), BELTEI Campus 5 (Chbar Ampoeu), BELTEI Campus 6 (O’Rusey), BELTEI Campus 7 (Loksang or Preah Kossamak Hospital), BELTEI Campus 8 (Pochintong), BELTEI Campus 9 (Stung Meanchey), and BELTEI Campus 10 (West of Ang Tuk Olympic)

Address
Head Office
Address: #25A, St.105, Boeng Prolit, Khan 7 Makara,
Phnom Penh, Cambodia.
Tel:012 823 666
023 9999 86
023 9999 75
Fax:023 996 889

Beeline cooperates with ABA Bank to provide a new service to their customers

Press Release

4th November 2010 Phnom Penh

Beeline Cambodia announces today the cooperation with ABA Bank to provide a new service which will help customers to top up their phone balance without a scratch card.

The new service allows customers to purchase Beeline PIN codes through ABA’s ATM network and also via ibank* (internet banking) across the country. Beeline subscribers can buy PIN codes through these ways from $2 to $5 in value.

“We are confident that our cooperation will help us provide more facilities to our subscribers and also help our partner to serve their clients with additional services” said Mr. Benoit Janin, Commercial Director.

“ABA Bank is very happy to cooperate with Beeline Cambodia! It is important for us to provide our clients with new services and to offer the latest technologies and solutions for payments and transactions. Now we have 28 ATM's (in Phnom Penh, Siem Reap, Battambang and Sihanoukville) More will be installed during 2011” said Mr. Juveris Tenisons, Chief Marketing Officer of ABA Bank.

China trade surpasses 2009

The Phnom Penh Post

Friday, 05 November 2010, by May Kunmakara

TRADE between Cambodia and China over the first nine months of 2010 has already surpassed the total amout recorded last year, according to figures from the Ministry of Commerce’s Camcontrol department obtained yesterday.

Bilateral trade totalled US$813 million in 2010 to the end of September, a 3 percent rise compared to the whole of 2009, the figures revealed.

The data was released as 16 deals were inked in Phnom Penh between officials and businessmen from the two countries, presided over by Prime Minister Hun Sen and Wu Bangguo, chairman of the standing committee of China’s National Peoples Congress.

One of the deals saw Cambodia’s largest mobile provider, Mobitel secure US$591 million in refinancing, with the Bank of China as lead arranger.

Speaking after the meeting, Kaom Kosal, cabinet chief of Cambodia’s National Assembly, told reporters that China would import more products from Cambodia in the future, as China regarded the Kingdom as a close neighbour.

“[Wu Bangguo] will help Chinese entrepreneurs import more products from Cambodia, especially rice,” he said.

Some government officials said that trade had surged after the China-ASEAN Free Trade Agreement kicked in on January 1 this year, reducing tariffs on many goods.

“The recent China Free Trade Agreement helps to increase imports and exports between the two countries,” said Ministry of Commerce Secretary of State Ok Boung.

There was also increased demand for the Kingdom’s exports in China, as living standards and purchasing power was on the upswing in the People’s Republic, he said.

Cambodia’s exports have “increased because their economy is growing, so they need more imports from us”, he said. “Our economy is also improving, as we can produce more for export.”

Cambodia’s exports to China totaled $37 million in the first nine months, a 157 percent increase on shipments during the whole of 2009, according to statistics.

The Kingdom’s main exports to China include agricultural products, rubber, fish products, timber, and garments and textiles, the statistics show.

Ok Boung said Cambodia normally imported raw garment materials and machinery from the People’s Republic.

“I hope there will be an even larger increase in the future, as the two nations have done a lot of trade deals with each other,” he said.

First modern abattoir planned for Kingdom

The Phnom Penh Post

Friday, 05 November 2010, by Im Navin

MONG Reththy Group plans to invest US$1.5 million to $3 million to build Cambodia’s first modern slaughterhouse in Phnom Penh next year.

Mong Reththy, local tycoon and senate member, said the new abattoir would ensure meat quality and provide sanitary conditions in which to kill animals. He said Cambodia needed a modern slaughterhouse to maintain people’s health.

“Our neighbouring countries already have modern slaughterhouses, so we have to.”

But he warned the slaughterhouse would not be built until next year because there were not enough pigs and cows in the country to support it.
He called on farmers to raise more pigs to meet demand.

“Building a slaughterhouse for only imported animals would be useless, because we are still insecure about whether those animals would get ill or not - even though they are examined by veterinarians,” Mong Rethy said. Currently, about 1,000 animals a day are brought to market in Phnom Penh.

Ministry of Agriculture production and veterinary service chief Keo Phal said though Cambodia did not yet have any modern slaughterhouses, traditional facilities had been developed to ensure public health.

“We have veterinarians in slaughterhouses to examine meat for people. We welcome this plan because it also is our long-time plan,” he said.

Sok Touch, head of the Ministry’s anti-infection department, said the slaughterhouse went along with the deal between the government and the World Health Organisation to fight and prevent infectious diseases.

“Recently we faced many problems, such as blue ear and foot-and-mouth disease. All of these are infectious diseases that can transfer from animals to humans, so the standards [of] slaughterhouses can help us fight them,” he said.

Riel reacts on Fed stimulus

The Phnom Penh Post

Friday, 05 November 2010, by Nguon Sovan

CAMBODIA’S riel appreciated to 4,135 against the greenback at some money lenders yesterday, as the United States announced huge quantitative easing measures to kick start its economic recovery.

The value of the dollar has slipped since the Federal Reserve announced a plan on Wednesday to spend US$600 billion on government bonds over the next year as part of a scheme of quantitative easing.

The news – which was higher than many forecasts – lifted hopes that the world’s biggest economy could see stronger growth, although some policy makers fretted about the knock-on effects for Asian economies.

The dollar fell against other currencies following the Fed decision. It fetched 80.82 yen in Tokyo trade yesterday, slipping from 81.12 late on Wednesday in New York.

The dollar had fallen over the past few weeks as dealers anticipated the move, at one point hitting a 15-year low of 80.21 against the yen.
Meanwhile, the riel has appreciated after a six-month decline.

According to the daily statistics complied by the Commerce Ministry’s Trade Promotion Department, riel currency strengthened 1.9 percent to 4,185 riel per US dollar yesterday from 4,212 riel per US dollar a day on Wednesday.

Its value has risen up to 3.2 percent, from 4,272 riel per US dollar at the end of August.

Chan Sophal, president of Cambodian Economic Association, said yesterday that the appreciation was not surprising.

“The riel appreciation is due to the depreciation of US dollar, as the US has released more currency in the market,” he said. Tal Nay Im, director general of the National Bank of Cambodia, was overseas yesterday, and could not be reached for comment.

As the riel appreciates, the price of gasoline prices in Cambodia has also increased. It rose by 1 percent yesterday to 4,600 riel a litre from 4,550 riel a day earlier, the statistics from the Commerce Ministry showed.

Asian markets also rose yesterday following the Fed’s move. Tokyo’s Nikkei soared 2.17 percent, or 198.80 points, to 9,358.78, with sentiment also boosted by strong earnings reports. Hong Kong jumped 1.18 percent by the break and Shanghai gained 1.26 percent. Sydney ended 0.48 percent, or 22.7 points, higher at 4,745.3. Qantas slipped almost four percent intraday as news broke that one of its A380 superjumbos had got into trouble over Indonesia in an engine incident.

“It was a wild night, so it’s early days, but with QE2 in the bag, the market might start to view positive US economic data in a more bullish light,” Macquarie Private Wealth adviser Shannon Briggs said.

Oil rose on hopes that demand in the US would rise after the Fed announcement. New York’s main contract, light sweet crude for delivery in December, rose 52 cents to $85.21 a barrel, while Brent North Sea crude for December gained 61 cents to $86.99. Gold closed at $1,358.00-1,359.00 an ounce in Hong Kong yesterday, down from Wednesday’s close of $1,354.50-1,355.50.

ADDITIONAL REPORTING AFP

Cambodia’s new stock exchange: not just a numbers game

The Phnom Penh Post

Friday, 05 November 2010, by Steve Finch

ALTHOUGH the number of licences issued to firms to act on behalf of the long-awaited Cambodian stock exchange represents an important consideration, the experience of the companies approved is perhaps more significant. So too critical factors that remain unresolved, such as the currency of operation.

In terms of numbers of licensed firms, seven underwriters would seem excessive during the opening phase of trading as there will almost certainly only be three firms listed. That means some will see no underwriting business from the outset and will have to bank on the exchange’s early success in attracting new IPOs.

What the Security and Exchange Commission of Cambodia announcement did not make fully clear on Tuesday is that many approved underwriters are licensed to perform multiple roles. OSK Indochina Securities has been approved to act as a dealer, broker and adviser as well as an underwriter, it announced on October 21. Similarly, SBI Phnom Penh Securities has received a “full licence” to operate as a securities firm.

In terms of the number of firms licensed, the SECC appears to have approved a total that is more than adequate to start out with spare capacity for the expected rise in IPOs once the exchange gains momentum. As noted by SECC Director General Ming Bankosal in March, approving the 22 companies that applied for licences would have been too many.

More important is the level of expertise brought in to operate with the exchange. With little or no experience of securities markets, Cambodia has rightly approved companies with a wealth of experience overseas.

The SECC approved licences for two majority Malaysian firms along with Vietnamese companies, a South Korean firm and CAB Securities of India – all of which have invaluable securities market expertise. Cambodia Capital Securities is expected to play a key role following years of experience connecting businesses to foreign investors.

None of this expertise will necessarily guarantee the success of the stock exchange though. The key to a solid start has to be a strong foundation based on well-considered regulations, some of which remain unclear and incomplete. A decision on listings in riel, United States dollars or both is just as critical. Should the exchange launch prematurely, confidence at the opening bell would most certainly be undermined.

In terms of the quality and quantity of licensed operators within the market, the SECC has established the necessary foundations based on setting aside national pride for practicality purposes.

In relation to the start date and choice of currency, the commission would be well advised to follow in a similar vein – a rushed launch with listings in riels would only lead to a critical lack of confidence in a market many investors still consider overly risky.

Look to neighbours, says institute

The Phnom Penh Post

Friday, 05 November 2010, by Chun Sophal

WASHINGTON DC-based Institute of International Food Policy Research urged Cambodia to catch-up with Thai and Vietnamese experience to increase rice production and ensure food security yesterday.

Bingxin Yu, a researcher for Washington DC Institute of International Food Policy, said in the round table meeting on agriculture and food security in Cambodia that the Kingdom should look to its neighbours.

“Cambodia is known [as] a country of rich water and agricultural fertilising lands, but it still has a low harvest yield comparing to Thailand and Vietnam,” she said.

“Cambodia can follow good experience from those countries in promoting development and agricultural research to strengthen quality and test types of rice,” said Bingxin Yu.

Rice yield could be slightly increased by better farming, including intensifying technology use, according to Yu’s policy and discussion document.

Based on the document, Vietnam uses 324 kilograms of chemical fertiliser per hectare and gets a rice yield of 4.89 tonnes per hectare. Thailand, which uses 133 kg, gets 2.74 tonnes per hectare.

Cambodia uses between 72 and 105kg per hectare and sees its rice output reach 2.54 tonnes per hectare.

“Cambodian farmers can gain more rice yield if they use more fertiliser,” said Yu.

But Mak Soeun, chief of Agricultural Department of the Ministry of Agriculture, Forestry and Fisheries, said that the ministry does not encourage farmers to use more fertiliser on farmlands.

“Utilising fertiliser on farmland is just a minority factor in increasing rice output, not the main factor,” said Mak Soeun.

“Our stand is to urge farmers to follow proper planting technology such as natural intensification because we don’t want farmers to spend much and cause damage to environment of using chemical fertiliser,” he said.

Theng vuthy, a coordinator for the Poor Agricultural Program and Rural Development of Institute of Training and Research for Cambodian Development, said that increased rice output was crucial for Cambodia.

He recommended the governemnt boost its water resource budget.

Business friendliness in Cambodia declines

The Phnom Penh Post

Friday, 05 November 2010, by Matthew Backhouse

CAMBODIA’S business friendliness has declined in world rankings despite gains for exporters and entrepreneurs, according to a World Bank report.

The Making a Difference for Entrepreneurs report, which compared business regulations across 183 economies, ranked Cambodia 147th place for the ease of doing business, down from 145th place last year.

The drop came despite improved rankings in the ease of foreign trade and starting new companies.

Cambodia was the seventh most improved economy for trading across borders, climbing nine places to 118th. That was due to a reduction in the amount of paperwork for importing and exporting goods.

“Cambodia eliminated pre-shipment inspections, reducing the time and number of documents required for importing and exporting,” the report said.

Despite the change, the amount of paperwork needed to export goods remained the eighth highest in the world.

The ease of starting a business in Cambodia climbed three places over last year’s low base, to 170th.

However, the time needed to start a business still ranked poorly, at an average of 85 days – measured as the third longest in the East Asia-Pacific region.

Cambodia was also the third slowest country to issue construction permits, with an average wait of 709 days.

Government releases survey results of young people most at risk of HIV

Press Release

Phnom Penh, 4 November 2010

Forty per cent of all new HIV infections globally are reported to be among young people aged 15-24. While the epidemic affects populations around the world differently, across all populations adolescents and young adults, particularly young women, have been identified as the most vulnerable to HIV.
While Cambodia is experiencing relative success in preventing new HIV infections, with around 35 per cent of Cambodia’s population aged between 10 and 24 years, a potential resurgence of the epidemic among most-at-risk-populations, particularly involving young people, is raising new concern.
Unsafe behaviour related to drug use, alcohol and unsafe sexual practices can lead to HIV and other infections. The risks are intensified by little or no access to sexual and reproductive health services and no protection from violence, abuse and exploitation.

Today, the Inter-departmental Committee on AIDS and Drugs (ICHAD) of the Ministry of Education, Youth and Sports will launch the findings of a survey on Cambodia’s most at risk young people, which was carried out to learn more about and address multiple risk behaviours of young people in the context of HIV and AIDS.

The goal of the survey was to provide policymakers and planners with reliable data on alcohol, drug and sex related behaviours and access to sexual and reproductive health services among young people who are most at risk of HIV infection. This includes young people who are involved in multiple unprotected sexual partnerships and injecting drugs with non-sterile equipment, among others.

The survey, which was implemented by the Khmer HIV/AIDS NGO Alliance with support from UNICEF, UNAIDS, WHO, UNFPA, UNESCO, PSI, FHI, Friends International and other partners, represents continuing commitment and efforts to obtain age disaggregated data on Cambodia’s young population and their health and risk to HIV infection and drugs. According to the Minister of Education, Youth and Sports, H.E. Im Sethy, “we wanted to conduct research that would help us to identify the best methods to mitigate the strong challenging issues that make it unsafe for young people in Cambodia”.

The research involved interviews with over 2,400 young people between the ages of 10 to 24 at “hot spots” - areas thought to have high rates of HIV-risky behaviour, in eight provinces. Young people, including most at risk young people, were closely involved in all stages of the research.

Findings from the survey highlight strong interactions between all risk behaviours among young people, as well as a need for stronger collaboration and coordination between civil society and government stakeholders from different sectors. According to Richard Bridle, UNICEF’s Representative, “it will require concerted joint efforts to ensure that policies and programs respond appropriately to the needs of young people most at risk, and protect their rights to correct information and services, including condoms”.

The report provides a number of recommendations to programmers, policymakers and researchers that, if taken on board, could help to accelerate HIV prevention efforts among Cambodia’s young most at risk population.

Office rental prices decline as supply rises

The Phnom Penh Post

Wednesday, 03 November 2010, by Soeun Say

PRICES for Phnom Penh’s office space have fallen by as much as 25 percent in the third quarter compared to the same period last year, as some building owners say they are having difficulty reeling in tenants despite decreasing rates.

Top-quality “Grade A” office space is averaging between US$20 to $30 per square metre, down from $25 to $35 a square metre last year, according to a report released yesterday by the National Valuers Association of Cambodia. Keuk Narin, secretary of the NVA, said prices for office space had been on the decline all year, with most buildings offering space some 10 to 25 percent cheaper at the end of September from the same time last year.

The supply and demand balance was highlighted as a factor. Seng Sopheak, manager of property valuation at Cambodia Property Limited, said yesterday that supply had risen by 20 percent in Phnom Penh during the first nine months of the year and was set to rise further. But added that he believed prices had stabilised in the third quarter.

Some landlords yesterday expressed pessimism about the state of the office rental market. Bayon Building Centre general manager Chheang Meng said he had nearly halved his asking price to $10 per square metre. “I’m at my last price – but still nobody is interested,” he said.

The NVA report showed that although some big buildings stood well below full occupancy, others were doing well.

Canadia Tower claimed 70 percent occupancy in October, while the Attwood Business Centre was 65 percent full.

However, the Delano Business Center was 94 percent full with a starting price of $10.50 a square metre.

David Simister, Chairman of CB Richard Ellis Indochina, said that while there were noticeable vacancies in some buildings, foreign companies were increasingly coming to the Kingdom, which would push up demand.

Cambodia Takes First Step in Connecting Regional Railways

VOA Khmer

Tuesday, 26 October 2010, by Robert Carmichael

Trains have started running on a stretch of Cambodia's once-defunct railway. The news marks the first time in years that trains have run commercially in the country, and moves the dream of a pan-Asian railway much closer.

Decades of conflict shattered Cambodia's infrastructure - its roads, ports and railways.

In recent years some of those assets have been rebuilt, and last Friday at Phnom Penh's railway station, the finance minister presided over a ceremony to mark the resumption of the rail service.

Rebuilding Cambodia's infrastructure

Cambodia's rail network has long been the missing link in the dream to connect Singapore by rail to Vietnam and China, and ultimately to Europe.

War and neglect meant that what remained of Cambodia's 600 kilometers of rail system was in such poor condition that the last rackety trains were reduced to crawling along buckled tracks at 5 kilometers an hour.

Rebuilding the network will cost $142 million, the bulk of that financed with a loan from the Asian Development Bank. Much of the rest is funded by the Australian government and Phnom Penh.

Putu Kamayana is the ADB's country head in Cambodia.

He predicts that Cambodia's decision to award a 30-year railway concession to an Australian company, Toll Holdings, will pay long-term dividends in more areas than just rail services.

"That's a very big step and a very bold step by the government, but certainly by also improving the transport infrastructure it will improve ultimately Cambodia's competitiveness in the global economy and promote foreign direct investment into Cambodia," Putu Kamayana said.

Last Wednesday, Toll's local subsidiary, Toll Royal Railway, took journalists on a refurbished passenger train from Phnom Penh to the town of Takeo, some 50 kilometers south of the capital.

Toll Royal Railway Chief Executive David Kerr was on the trip.

Currently most of Cambodia's freight moves by road. Kerr makes it clear the new rail service will aim to take freight off the roads and put it on the less polluting rail network.

"There's certainly a train a day in cement alone, so there's a significant amount of cement in Cambodia. And then linking in with the ship calls - the feeder services to China, America and via Singapore. And so we'll develop our strategies in cooperation with the shipping lines to develop that service," Kerr says, "There's large volumes of salt that move through Cambodia, as well as domestic and export rice, as well as sugar cane.

One benefit will be that the country's roads will likely become safer and last longer. And Kerr says the rail service has already cut road freight rates by one-fifth.

But since freight is where the money is, regular passenger services might not ever resume.

Upgrade to a passenger service

Toll's first step was to improve a 110-kilometer stretch of track that runs south of the capital to the town of Touk Meas. That is the stretch that opened last week. The next piece of track, running 140 kilometers from Touk Meas to Sihanoukville port, is slated for completion in May.

Once that is done, Toll will start to upgrade the 390 kilometers of line that runs west out of Phnom Penh via Battambang before entering Thailand. That is to be done in 2012.

After that the only gap on the pan-Asian railway will be the section between Phnom Penh and Ho Chi Minh City in southern Vietnam. The two governments have agreed to construct the link, but work has not yet started.

Any large infrastructure project generates winners and losers. Here the losers include the local entrepreneurs who run informal railway services on short stretches of the buckled line in western Cambodia.

Their machines are known as norries, or flying carpets, and are easily visualized - think of a large bamboo bed laid on top of two sets of steel wheels.

Passengers sit on this bamboo bed with their luggage. There are no seats and no sides, and the flying carpet, powered by a small engine, can scurry along the line at 40 kilometers an hour.

It takes only one minute to disassemble a flying carpet. That is just as well since when two of them meet on this single track, etiquette demands that the driver carrying the lighter load dismantle his flying carpet to let the heavier vehicle pass.

Prak Phea has worked this stretch outside Pursat town, about 200 kilometers northwest of Phnom Penh, for 16 years, and earns up to $50 a week. He knows about the rail upgrade, but has not yet decided what he will do next year for work.

The rules of the infrastructure upgrade mean that anyone affected must be compensated. An annoyed Prak Phea says most of the norrie drivers in other towns were paid $250 each, but just four of the 15 on his stretch of line got anything since they were not told when or how to register.

He says that when people came to register them, he was in Pursat. So he missed the chance and did not register, and that means he will not get compensated.

The ADB's Putu Kamayana promises the bank will take that up with the government.

For the next 12 months, however, Prak Phea can carry on earning a living on this battered stretch of line.

But as surely as the whistles of the freight trains leaving Phnom Penh signal the rebirth of a proper rail service for Cambodia, they also sound the death knell for two decades of flying carpets.

Tech merger: New ICT association launches

The Phnom Penh Post

Friday, 29 October 2010, by Nguon Sovan

CAMBODIA could become a “Silicon Valley” of the ASEAN region, according to the newly elected president of Cambodia’s Information and Communication Technology Business Association.

The organisation was launched at an event at NagaWorld yesterday, under the helm of Pily Wong, country representative for Microsoft Market Development Programme Cambodia. It will facilitate a policy dialogue between the government and the private sector, particularly at the government-private sector forums, as well as contribute in-house expertise to the development of the ICT industry.

The group has already highlighted three key areas for development, including improving intellectual property rights, inter-operability and e-business standards. The new organisation will also provide networking opportunities. The ICT-BA merges the ICT Cambodia Association and the ICT Business Club of Cambodia.

Star-Cell writedown a reality check for the telecommunications sector

The Phnom Penh Post

Friday, 29 October, by Steve Finch

THE only surprise related to TeliaSonera’s Monday announcement of a US$100 million writedown at Star-Cell was that the Swedish mobile firm announced its lack of goodwill in Cambodia at all.

Within the sector as a whole, this has been obvious for some time. The high level of competition in the Kingdom and extremely low level of income per user – reported to be as low as $3.5 per month – means that smaller players like TeliaSonera’s Star-Cell have struggled to hold value. At a time when the sector should be looking to consolidate, given that nine players is simply too many, this situation promises dire consequences for investors looking to get their money back.

Few of the current operators as they stand offer the opportunity for long-term profits, meaning they are, in a sense, worth the value of their assets at most – TeliaSonera is effectively admitting that the Star-Cell brand and all of the intangibles that go with it are absolutely worthless.

For any theoretical buyer of the smaller players in Cambodia’s mobile market, it is difficult to see where potential value for money lies.

A buyer already in the market would effectively be purchasing two main assets – infrastructure and the brand name – which, given the huge overlap of towers in Cambodia and the headache of accommodating old brands into new ones (especially when they are essentially worthless anyway), means the strategic reasons for an acquisition evaporate.

No doubt that is the precise reason why consolidation has not happened – no one wants to buy. Excell, the smallest operator by subscribers in Cambodia, has explicitly been seeking a “strategic investor” since around mid-2009. How many other operators in the Kingdom would sell up tomorrow if they were offered a price that reflected the value of their assets? Probably half the sector, but then there doesn’t appear to be anyone willing to buy.

That TeliaSonera publicly acknowledged its lack of goodwill is surprising because many in the sector would be afraid to admit just how little their companies are actually worth to potential buyers.

On the flip side, TeliaSonera’s announcement of a write-down is refreshing for investors given the move offers greater insight into the real value of Star-Cell.

Accounting rules FAS 141 and FAS 142, which relate to the allocation of goodwill and therefore company value, are by their very nature open to artful interpretation. How exactly do you assign monetary value to a commercial intangible? Companies can assign any value they like and in reality most usually avoid the truth.

By issuing a large number of licences, the government has effectively created a race to the bottom. Whoever has the deepest pockets will last the longest. We are still in the wait-and-see stage, but the end result is not in doubt.

Many of the remaining companies in the sector may not have been as transparent as TeliaSonera yet, but they are only kidding themselves.

Malaysia Company Invests 20 million US dollar for Rice Mill in Cambodia

DAP NEWS

By Vibol

CAMBODIA, PHNOM PENH, Oct 25, 2010- Malaysian company on Monday invested $20 million to build rice mill to produce rice for exporting to Malaysian Markets.

The rice mill with 10 hectares of land will be opened in Suong district of Kampong Cham province,” Nor Azlan Abdul Gaffoor, a representative of company said, adding that we plan to export rice product from Cambodia to Malaysia for 500,000 tons per year. The company will also provide fertilizer and technique and strengthen rice quality,” Azalan added.

The company was fully supported from both governments and the investment from Malaysian company is from the commitment from Malaysian PM Najib’s visit in May.

Malaysian ambassador said recently in Malaysian solo fair that about 2-3 unofficial middle dealers who exported rice from Cambodia into Malaysian markets.

NPLs fall amid signs of a strong economy

The Phnom Penh Post

Wednesday, 27 October 2010, by Nguon Sovan

A strengthening domestic economy has driven down the rate of non-performing loans at Cambodia’s microfinance institutions by a fifth at the end of September, compared to the end of June, according to industry statistics obtained yesterday.

Figures from the Cambodian Microfinance Association revealed that Cambodia’s non-performing loans, defined as loans in default for more than three months, had declined to $11.5 million, or 1.9 percent of overall, from 2.4 percent worth $12.8 million at the end of the second quarter.

Association Chairman Chea Phalarin pointed to improvement in the economy as a prime driver behind the growth of profits and stronger loan performance among the Kingdom’s 23 microfinance institutions.

“With a better business environment, more customers are coming for loans,” he said. Chea Phalarin is also the general manager of Amret, the Kingdom’s second-largest MFI.

Thaneakea Phum Cambodia MFI was one institute that reported a major decrease in its bad loans. It recorded an NPL rate of 2.6 percent at the end of the quarter, worth $510,784, down from 4.82 percent at the end of the second quarter.

“The drop came as we wrote off 1.3 percent, or about $280,000, of the bad loans,” said the firm’s General Manager Chuon Sophal yesterday.
“We have also stepped up our collection efforts.”

Thaneakea Phum did a thorough assessment of its clients and aimed to have a bad loan rate of below 2 percent at the end of the year, he said. The firm earned a net profit of $600,000 over the first nine months.

Intean Poalroath Rong-roeurng saw improvement and showed a non-performing loan rate of zero by the end of September. It had recorded a NPL rate of 7.44 percent of its portfolio in April, worth $279,000. The firm’s General Manager Hort Bun Song declined to comment on the drop yesterday.

Samic MFI reported a stable non-performing loan rate at 4.9 percent, or $261,765 of its total portfolio, at the end of September. The firm’s General Manager King Kap Kaylan said he hoped the rate would decline in the last quarter as the economy is recovering.

The Kingdom’s MFIs had outstanding loans totalling US$588 million for the July to September quarter, an 11 percent increase on $529 million for the previous quarter, the figures showed.

The figures include data from 23 MFIs.

Roof-tile factory ready to begin production

The Phnom Pneh Post

Wednesday, 27 October 2010, by Soeun Say

KHAOU Chuly Group planned to begin producing up to 50,000 roof tiles a day in Cambodia next month, aiming to out-compete imports from abroad, president Khaou Phallaboth said yesterday.

Much of the tiles used in Cambodia come from neighbouring nations such as Thailand and Vietnam, but Khaou Phallaboth said he was optimistic about the US$5 million project’s potential to gain domestic market share.

“We can do it,” he said. “We have ability to produce roof tiles in our country, and I hope that it will be able to reduce imports of roof tiles from abroad.”

Construction on the factory in Phnom Penh’s Russei Keo district was complete, and machinery was being installed ahead of the start of production, he said.

“We decided to produce roof tiles here because we strongly believe the Cambodian economy is getting better,” he said.

Many investors were interested in coming to the Kingdom – particularly from China, Vietnam and Korea, he said.

With production planned to encompass up to 50,000 tiles every day, he said the rate of $0.30 per tile was similar to what is presently charged for imports, which average $0.35.

The Khaou Chuly Group recognised that the standard of quality of the Cambodian-produced products must be able to compete with imports in order to gain market share.

Cambodian governmental authorities currently do not release separate statistics for roof-tile imports.

Cambodian developers said they were eager to use locally-produced products – provided the goods were made at an acceptable quality level.
“We welcome Khmer production,” said Or Chan Kosal, development project site manager at Grand Phnom Penh International City.

“We will consider using locally produced roof tiles for our projects."

Block D forecast: Oil’s well

The Phnom Penh Post

Tuesday, 26 October 2010, by May Kunmakara and Jeremy Mullins

OIL could flow from offshore Block D in the Gulf of Thailand as early as 2012, officials from licensee CPHL (Cambodia) Company have said.

While extraction remains dependent on the drilling of three to five wells over the next two or three years, the area has “very good potential”, according to the company’s chairman, William Chan.

“If we can get good results, by the end of 2012 we will try [to start production],” he said at a Cambodian National Petroleum Association event held at Phnom Penhs’s NagaWorld complex.

“We have confirmed there is much oil and gas [through surveys so far].”

CPHL secured the rights to the block – which lies 250 kilometres off the coast of Sihanoukville – in 2006, according to Chan.

In 2007, CPHL’s 48 percent owner Singapore-listed Mirach Energy declared it had completed a three- dimensional seismic survey on 360 square kilometres of Block D.

It was estimated to contain total reserves of 226.88 million barrels of oil.

Mirach said CPHL had a seven-year exploration contract and 30 years of production rights for the offshore block in its 2009 annual report.


The firm, which lists William Chan as its executive chairman and chief executive officer, also maintains oil, gas and coal operations in Indonesia, as well as representative offices in Singapore, Hong Kong and Beijing.


Chan confirmed that CPHL had started to prepare to drill its first test well earlier this year, and the process generally required 10 to 12 months to complete, with more than 30 contracts to be signed.


He said CPHL had partnered with Offshore Hydrocarbon Mapping Group to conduct further mapping to better isolate petroleum. He declined to release how much the firm had invested in the Kingdom to date, but said it had been “a lot”.


Cambodia National Petroleum Agency deputy chairman Ho Vichet declined to comment.

However, high-ranking Cambodian officials have targeted 2012 as a key year for oil production in the Kingdom.

In July, Deputy Prime Minister Sok An said: “We hope to have the first drop of oil produced on December 12, 2012, at 12am.”

In April, Prime Minister Hun Sen ordered Chevron to start oil production in offshore Block A by 2012 or face forfeiture of its licence.

OCIC starts theatre venture

The Phnom Penh Post

Tuesday, 26 October 2010, by Soeun Say

Construction continues at OCIC’s theatre and film centre on Phnom Penh’s Diamond Island yesterday.
Photo by: Sovan Philong
OVERSEAS Cambodia Investment Corp is investing more than US$3 million to build a new theatre and film centre on Phnom Penh’s Diamond Island – a move that could boost the Kingdom’s struggling entertainment sector.

The theatre would be the latest development for the satellite city on Koh Pich, which is set to see an ice skating rink and market open in time for this year’s Water Festival as part of a wider $200 million development.

Touch Samnang, project manager and architect of the Diamond Island development project, said the 3,000-seat theatre would be completed by April next year.

“Around 35 to 40 percent of our construction has been done” he said.

Prak Chan Long, general manager of Diamond Island convention and exhibition centre, said yesterday that the planned venue would be used for concerts, plays and film shows.

“Hopefully we will get a lot of clients to come here because we have a good location, and the theatre will be bigger than others,” he said.

Potential competitors welcomed the plan yesterday as a potential boost for the film sector, which some say has hit difficult times.

Keo Thy, manager of Cinema Lux Theatre on Phnom Penh’s Norodom Boulevard, said yesterday: “I am very happy. If we have a lot of theatres in Cambodia, it will push the film sector to improve, and our business will get better.”

According to one producer, the sector is currently struggling to the extent that some businesses are putting the production of films for cinema on hold.

“I’m going to stop film production for the next five months because Cambodia’s film sector and the film market are in a serious downturn,” said Korm Chanthy, managing director of FCI production, yesterday.

FCI production, he said, would continue to make films for television audiences.

The Diamond Theatre Centre is being built on two hectares of land on Koh Pich, which is located on the Tonle Bassac river in Chamkarmon district, Phnom Penh.

The Diamond Island project was originally slated for completion by 2016 at the earliest, when it was granted approval by the government in 2006.

Cambodian trade level rises

The Phnom Penh Post

Tuesday, 26 October 2010, by May Kunmakara

The value of Cambodia's total trade has risen by 18 percent in the first nine months of this year, compared to 2009. Photo by: Sovan Philong
CAMBODIA’S total trade has risen around 18 percent in the first nine months of this year, compared to the same period of 2009, fuelled by growing garment exports.

Data released by the Ministry of Commerce yesterday showed the Kingdom’s total imports and export were worth US$5.975 billion from January until September this year, from $5.05 billion last year. Total exports surged about 21 percent to $2.536 billion from $2.096 billion on last year, while the total imports rose by 16 percent to $3.44 billion.

Both government officials and an independent economist yesterday cited the improvement of the local economy and the diversification of markets as growth factors.

“We have made the trade deals with many countries in the region in order to make more exports this year, which we had not done last time,” said Ok Boung, secretary of state for the Ministry of Commerce.

Kang Chandararot, an independent economist and president of Cambodia Institute for Development Study, agreed.

“The surge reflects the recovery of our economy as well as the world – which show reliable [growth],” he said.

He added that the main driver for export growth was garment and textile exports, after the government launched a policy to enhance competitiveness and seek new markets rather than relying solely on exports to the United States and European Union. He said rising imports “emphasised the growth of our economy”.

Quarter on quarter, trade grew around 14 percent, reaching $2.293 billion in the third quarter from $2.017 billion in the second. Of that, exports rose 40 percent, while imports decined by 1.4 percent.

Ok Boung put the decrease down to a surplus of raw materials imported during the first half of 2010.