| NEWS UPDATES |
13 September 2010 |
Analysts positive on Cambodia
Analysts believe Cambodia's economy is set to match or surpass the International Monetary Fund's (IMF) forecast of 4.5 to 5 percent economic growth this year.
On Friday, the IMF issued its latest prediction for the Kingdom's gross domestic product. Highlighting the role of anticorruption laws in improving international competitiveness and reducing business costs, senior economist at IMF's Asia and Pacific department Olaf Unterroberdoerster said inflation, measured by the Consumer Price Index, was estimated at 4 percent in 2010.
GDP growth for 2011 and 2012 was forecast at about 6 to 7 percent.
He said that gains in tax collection offered the best hope to meet the dual objectives of securing fiscal sustainability and mobilising resources for development.
Other analysts welcomed the IMFs comments, and many were even more positive.
Senior researcher for the Economic Institute of Cambodia Neou Seiha said the forecast may yet be exceeded, predicting economic growth would increase from through November.
Bretton Sciaroni, Senior Partner of Sciaroni & Associates, agreed, highlighting growth potential in agriculture, tourism and garments.
He told customers to expect price change only when all the hydroelectricity dams planned for Cambodia were finished. The dams will be finished between 2011 and 2016.
| ASEAN INDICES
|
| September 1, 2010 |
Market
|
Indices
|
Change
|
|
IDX
|
3,120.02
|
38.14
|
KLCI
|
1,426.56 |
4.07
|
| PSEi* |
3,566.23 |
7.56
|
|
SGX
|
7.50
|
-0.02
|
| SET
|
918.76
|
5.57
|
Source : Relevant bourses
Note : * 31 August 2010
|
| CURRENCY EXCHANGE |
| September 1,2010 |
| Currency |
US$
|
Euro |
| Singapore $
|
|
1.32 |
1.68
|
| Thai Baht *
|
| |
31.44
|
39.90
|
| Malaysia Ringgit |
| |
3.13
|
3.98
|
| Indonesia Rupiah |
| |
9,079.00
|
11,513.99
|
| Philippines Peso |
| |
45.31
|
57.46
|
|
Source:Relevant central banks
Note : * 31 August 2010
|
|
ASEAN PROFILES
ASEAN KEY DESTINATIONS
| |
Asean Tourism Contacts |
| |
| |
|
BRUNEI
Tourism Development Division
Ministry of Industry and Primary Resources
Jln. Menteri Besar, Bandar Seri Begawan, Brunei Darussalam
Tel. (673-2) 382822 Fax. (673-2) 382824
Email: bruneitourism@brunet.bn
Website: http://www.bruneitourism.travel/
CAMBODIA
Ministry of Tourism
3, Preah Monivong Blvd, Phnom Penh, Cambodia
Tel. (855-23) 213911 Fax. (855-23) 426107/217503
Email: dgpro@camnet.com.kh
Website: http://www.tourismcambodia.com/
INDONESIA
Ministry of Culture and Tourism
Jl. Medan Merdeka Barat 17, Jakarta 10110, Indonesia
Tel. (62-21)3838157 Fax. (62-21) 3849715
Website:
http://www.budpar.go.id
http://www.my-indonesia.info
LAOS
National Tourism Authority of Lao P.D.R.
Lane Xang Avenue, P.O. Box 3556, Vientiane, Lao P.D.R.
Tel. (856-21) 212248 Fax. (856-21) 212769/2127910
Website: http://www.tourismlaos.gov.la/
MALAYSIA
Ministry of Tourism
Menara Dato' Onn
Putra World Trade Center, 50480, Kuala Lumpur, Malaysia
Tel. (603) 2693 5188 Fax. (603) 269 0207/2693 0884
Email: tourism@tourism.gov.my
Website: http://www.tourism.gov.my
MYANMAR
Ministry of Hotels and Tourism
No. 77-91, Sule Pagoda Road, Yangon, Myanmar
Tel. (95-1) 285689 Fax. (95-1) 289588/254417
Email: dht.mht@myanmar.com.mm / mtt.mht@mptmail.net.mm
Website:
http://www.myanmar-tourism.com/
http://www.hotel-tourism.gov.mm
http://www.myanmar.com/Ministry/Hotel-Tour
http://www.myanmars.net/mtt
http://www.myanmartourismboard.com/
PHILIPPINES
Department of Tourism
DOT Building, T.M. Kalaw Street, Agrifina Circle, Rizal Park
Manila 10004, Philippines
Tel. (632) 523 8411 Fax. (632) 521 7374
Email: deptour@info.com.ph
Website: http://www.wowphilippines.com.ph/
SINGAPORE
Singapore Tourism Board
Tourism Court, 1 Orchard Spring Lane, Singapore 247729
Tel. (65) 736 6622 Fax. (65) 736 9423
Email: stb_sog@stb.gov.sg
Website: http://www.visitsingapore.com/
THAILAND
Tourism Authority of Thailand
1600 New Phetchaburi Road
Makkasan, Ratchathewi, Bangkok 10400, Thailand
Tel. (662) 250 5500 begin_of_the_skype_highlighting (662) 250 5500 end_of_the_skype_highlighting Fax. (662) 253 7437
Email: center@tat.or.th
Website: http://www.tourismthailand.org
VIETNAM
Vietnam National Administration of Tourism
80 Quan Su Street, Hanoi, Viet Nam
Tel. (84-4) 822 8744 Fax. (84-4) 942 4115
Email: binhvnat@hn.vnn.vn
Website: http://www.vietnamtourism.com
|
August 16, 2010
Thai single visa passport needed
August 10, 2010
Strong Thai currency hurts exporters
Cambodia warns island developers
_S.jpg)
