Cambodian News

BANGKOK, THAILAND: Asian finance ministers pledged Sunday (22 Feb) to uphold free trade and investment in the midst of the global economic slowdown and said they would allocate an additional $40 billion to protect falling currencies.
The ministers from 10 Southeast Asian nations as well as China, Japan and South Korea agreed to boost funding for [...]

PHUKET: Asian finance officials agreed in principle on Sunday to expand a currency swap agreement to help bolster their currencies in the global economic crisis.
The ministers and senior officials agreed to set up a multilateral swap fund totalling $120 billion, up from the $80 billion proposed last year, Surin Pitsuwan, secretary-general of the Association of [...]

PHUKET, Thailand — Finance ministers from the ASEAN plus three countries agreed Sunday to speed up the process of operationalising the Chiang Mai Initiative Multilateralization (CMIM), a regional foreign reserve pool in case of currency flow shortage.
The agreement was reached at a special meeting on Sunday in Phuket in southern Thailand in a bid to [...]

BANGKOK – THAILAND’S parliament has agreed to adopt 41 pacts at a regional summit next month to forge closer ties with its Southeast Asian neighbours, the government’s chief whip said on Wednesday.
The current Thai constitution requires that all international agreements be pre-approved, and that was done by a joint session of parliament that concluded on [...]

Phnom Penh – Cambodia’s prime minister will attend next month’s summit of the Association of Sout East Asian Nations (ASEAN) in neighboring Thailand despite hinting last week he would boycott the meeting, media reports said Monday.
Prime Minister Hun Sen said last week that attending this year’s series of ASEAN meetings would be too costly and [...]

PHNOM PENH, Jan. 11 (Xinhua) – Cambodian Prime Minister Hun Sen will attend the ASEAN summit to be held in the seaside town Hua Hin in Thailand in late February, said an official here on Sunday.
“And the ASEAN meeting with other partners still plays a very important role,” Hor Namhong, deputy prime minister and minister [...]

The launching of the Asean charter and the setting of a new date for the Association of Southeast Asian Nations summit, from Feb 24 to 26, were agreed on only after extensive negotiations.
There was no debate on where the summit should be held, however.
Whether it is in Bangkok or Chiang Mai is irrelevant, as both [...]

The charter of the Association of South East Asian Nations now has official status, binding members to an enhanced legal framework. But as Asia begins to experience the full force of the global economic crisis it may be some time before the grouping begins to operate as a European Union-style community.
More than four decades after [...]

Thailand’s political crisis is costing Cambodia’s tourism sector $1 million a day in lost revenue, tourism officials say, while worries are growing about security for an upcoming Asean conference and the resolution of a monthslong border standoff.
Anti-government demonstrators have closed Bangkok’s Suvarnabhumi Airport in their efforts to oust the prime minister. In Cambodia, 10 flights [...]

BANGKOK, Thailand: Thailand insisted Thursday that it will be able to host a regional summit in December, even after three neighboring countries raised concerns that ongoing political turmoil in the Thai capital could force the meeting’s cancellation.
In recent days, protesters demanding the resignation of Prime Minister Somchai Wongsawat have stormed Thailand’s two main international airports, forcing [...]