Chuck Kuhn's Asia in Photos: Cambodia will suffer from global recession

Thursday, November 6, 2008

Cambodia will suffer from global recession

Phnom Penh, November 5, 2008 AKP - Cambodian Deputy Prime Minister Sok An met with a delegation of International Monetary Fund (IMF) led by David Cowen, director for Asia-Pacific Department of IMF in Phnom Penh on Nov. 3.
During the meeting, Deputy Prime Minister Sok An informed Mr Cowen that there were many successful points in oil exploration in the Cambodian sea and the Cambodian government has granted concessions to the US Chevron-Oil Company. "We hope to get oil in the near further," he said.
At the meeting, both sides also discussed the global recession which has affected the Cambodian economy.
H.E. Sok An, who is also minister in charge of the Office of the Council of Ministers, asked IMF to predict its impact on Cambodian economy.
In reply, David Cowen said three main fields including garments, tourism and agriculture contribute to Cambodia's economic growth. But, they will suffer from the effects of the global recession. The Cambodia's economic growth will be then around only 7 per cent in this year and in 2009, according to IMF prediction. - AKP (By Mr Ou Sokha)
Source: Agence Kampuchea Presse email, Phnom Penh, in English, 5 Nov 08

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They say "

“I can’t say what made me fall in love with Vietnam - that a woman’s voice can drug you; that everything is so intense. The colors, the taste, even the rain. Nothing like the filthy rain in London. They say whatever you’re looking for, you will find here. They say you come to Vietnam and you understand a lot in a few minutes, but the rest has got to be lived. The smell: that’s the first thing that hits you, promising everything in exchange for your soul. And the heat. Your shirt is straightaway a rag. You can hardly remember your name, or what you came to escape from. But at night, there’s a breeze. The river is beautiful. You could be forgiven for thinking there was no war; that the gunshots were fireworks; that only pleasure matters. A pipe of opium, or the touch of a girl who might tell you she loves you. And then, something happens, as you knew it would. And nothing can ever be the same again.”
― Graham Greene, The Quiet American

Tips on Travel to Vietnam

It's always warm in Southeast Asia apart from high mountains, so leave the heavy clothing at home. Cotton and breathable fabrics are always better than synthetics -- although cotton does wrinkle a lot when traveling! December through April is roughly the dry season in that region, although it can still rain a little. December is a good time to go in terms of temperature -- cooler than in the humid summertime. Either way, wearing more clothing (shirt sleeves and long pants) is always more respectful towards the Asian culture, especially when visiting temples and rural areas.