Thursday, September 18, 2014

Cambodia needs 11 bln USD for public investment in 5 years: PM


English.news.cn   2014-09-18 15:45:44
PHNOM PENH, Sept. 18 (Xinhua) -- Cambodian Prime Minister Hun Sen said Thursday that the country needs about 11 billion U.S. dollars for public investment to support the implementation of the government's priorities from 2013 to 2018.
"This resource requirement aims to promote economic development and diversification, poverty reduction as well as disaster management," he said during the launching ceremony of the five- year National Strategic Development Plan.
The ceremony was attended by around 200 people consisting of government officials, economists, researchers, and representatives of private companies, civil society and development partners.
The prime minister said the National Strategic Development Plan would bring about more fruitful outcome to socio-economic development because of lesson learnt and experiences accumulated from the implementation of previous plans.
"This comprehensive plan attests to the firm commitment of the Royal Government of Cambodia to achieving the vision of the political platform in response to people trust and confidence no matter how big the additional burden is," he said.
"However, I am of the view that the successful implementation of the plan requires the collective effort and high responsibility of relevant ministries and organizations to achieve national priorities, address challenges and grab available opportunity."
Hun Sen said the plan will continue to support and accelerate the implementation of political platform of the government, in particular, the Rectangular Strategy Phase III for growth, employment, equity and effectiveness.
"Moreover, this plan will also back the vigilant implementation of the public finance and monetary policy to ensure consistency in managing a stable and favorable macro-economic condition to promote development in all sectors," he added.
Editor: xuxin

Cambodia supports U.S. strategy against ISIS


English.news.cn   2014-09-18 15:16:51
PHNOM PENH, Sept. 18 (Xinhua) -- Cambodian Prime Minister Hun Sen announced Thursday that the country supported the U.S. President Barack Obama's strategy to defeat the Islamic State in Iraq and Syria (ISIS).
"For our stance on ISIS, previously, we have subsequently condemned the killings of American and British journalists, and we will continue condemning such brutal crimes," he said during a national conference. "Cambodia has no possibility to send forces to directly fight with ISIS group in Iraq, but, mentally and politically, we support all activities that destroy terrorism groups -- not only ISIS, but also al-Qaida and other groups."
The prime minister said Cambodia would do all its best to prevent terrorists from taking Cambodian territory as their shelter or terrorism financing place, and would share information that could be useful in the campaign to fight against terrorism.
"We do not tolerate any terrorism act," he said. "In fact, Cambodia is not the target of terrorism attack, but we should not forget that more than 4 million foreign tourists have come to Cambodia each year and many foreign companies are doing businesses in Cambodia."
ISIS has recently claimed to have established an "Islamic Caliphate" in parts of Syria and Iraq.
The group, led by Abu Bakr al-Baghdadi, said their goal is to establish an Islamic state in Iraq and Syria to fight the Shiite- led Iraqi central government and Syrian President Bashar al-Assad, whose top ranks are from the Alawite minority, an offshoot of Shiite Islam.
Editor: xuxin