Businesses regard Asean as the most attractive for investment

A recent survey conducted by the ASEAN Business Advisory Council (ABAC) revealed that China and Myanmar stand to be the most promising destinations for foreign direct investment between now and 2015.

China was the most attractive in the world for such activities with 17.3%, followed by 12% voting for Myanmar.

The rest are as follows: Malaysia – 11%; Singapore – 8%; Indonesia – 7%; Vietnam – 6%; Laos – 4%; Thailand – 3%; Cambodia – 3%;  the Philippines – 1%;  and Brunei – 0.3%)

Furthermore, the survey found that more than half of the businesses considered ASEAN economic integration to pose a low or very low threat to their organizations, rating the threat level at an average of 2.49 on a scale of 1 (very low) to 5 (very high).

Close to 60 percent of the businesses considered ASEAN economic integration to be providing high or very high opportunity for their organizations, giving the opportunity level an average rating of 3.59 on a scale of 1 (very low) to 5 (very high). However, the survey also noted that a lower share of small or local firms shared this sentiment.

The 2013 Survey collated 502 usable responses across various firm-size categories, age, ownership profiles and industries from all ten ASEAN member economies.

1200-year-old lost city of Mahendraparvata discovered in Cambodia


An ancient city, dated 350 years before the famed Angkor Wat, has been discovered by a group of archaeologist from University of Sydney led by a French-born archaeologist. 

All thanks to the airborne Lidar technology which use light detection and ranging data, 7 days of hard work result in a fashionable and extraordinary discovery. Damien Evans, who has been instrumental in this discovery, says that it's not yet known how large Mahendraparvata was because the Lidar search covered only a small, circumscribed area.

"Maybe what we are seeing was not the central part of the city, so there is a lot of work to be done to discover the extent of this civilization," he told The Age.

After studying the ancient scriptures from a great warrior, Jayavarman II, Jean-Baptiste Chevance, director of the Archaeology and Development Foundation in London who led the expedition, not that there is an existence of a mountain capital, “but we didn’t know how all the dots fitted, exactly how it all came together”.

At this moment, not many information or data related to this newly-discovered ancient city has been revealed, therefore we must resort to patience for further studied results.

Should there be any updates, we will work on bringing it in



King Father Norodom Sihanouk passed away

Article from Phnom Penh Post
http://www.phnompenhpost.com/index.php/2012101559281/Online-Edition/king-father-norodom-sihanouk-passed-away.html




King Father Norodom Sihanouk passed away today in Beijing at the age of 89, 59 years after he declared Cambodia's independence from France.

Sihanouk was a greatly charismatic leader revered as something of a God King during the height of his power in the 1950s and 60s. He served both as King and then Prime Minister after taking the daring step of abdicating from the throne to enter politics.

In 1970, he was ousted as Prime Minister in a bloodless coup d'etat led by the right-wing general Lon Nol and watched from exile in China as Cambodia slid further into the turmoil of the Vietnam War that preceded the genocidal Khmer Rouge regime.

The prince returned to his country after it fell in 1975 to the ultra-maoist Khmer Rouge regime responsible for the deaths of an estimated 1.8 million Cambodians, torture, rape, forced labour camps, starvation and the decimation of the country's economy and was placed under house arrest. Several of his children and grandchildren were killed by the regime.

As Cambodia began to recover after the Vietnamese-backed guerrillas liberated the country from the Khmer Rouge in 1979, Sihanouk once again entered into the political fray but was unable to negotiate his way back to the ruler, finally abdicating the throne in 2004 to his son, Norodom Sihamoni.

In recent years the retired King repeatedly travelled to Beijing to receive medical treatment for a number of ailments including diabetes and cancer. In a hospital there, he finally succumbed to a heart attack on today at 1.20 am, Phnom Penh time, Council of Ministers spokesman Phay Siphan confirmed.

More on Phnom Penh Post

Blogfest’s Asia 2012: Angkor Siem Reap




Blogfest.asia is a festival for bloggers in Asia.

This is the region’s 3rd cross-border gathering for blogger community. Everyone is welcome to join the festival and meet hundreds of bloggers from the neighborhood community. Participants will be able to learn blogger / blogging activities in respective countries / territories, and interact with key bloggers in Asia.

The 4-day Blogfest.Asia ’12 provides a unique opportunity to address “Change & Responsibility”, in Asia perspective. The event program at-a-glance will consist of:
+One day heritage tour to gear up for blog competition
+One full-day conference
+Two evening gathering / parties exclusively for participating bloggers
Clogger Club
+Educational workshops for NGOs in Asia

Blogfest.asia will support and work closely with associated blogger community and events in the region. It will also serve as an idea hub, community exchange point, and action camp for bloggers in Asia to make technological and social impact for the benefit of the region.

More info: http://2012.blogfest.asia




Blogfest’s Asia 2012: Angkor Siem Reap




Blogfest.asia is a festival for bloggers in Asia.

This is the region’s 3rd cross-border gathering for blogger community. Everyone is welcome to join the festival and meet hundreds of bloggers from the neighborhood community. Participants will be able to learn blogger / blogging activities in respective countries / territories, and interact with key bloggers in Asia.

The 4-day Blogfest.Asia ’12 provides a unique opportunity to address “Change & Responsibility”, in Asia perspective. The event program at-a-glance will consist of:
+One day heritage tour to gear up for blog competition
+One full-day conference
+Two evening gathering / parties exclusively for participating bloggers
Clogger Club
+Educational workshops for NGOs in Asia

Blogfest.asia will support and work closely with associated blogger community and events in the region. It will also serve as an idea hub, community exchange point, and action camp for bloggers in Asia to make technological and social impact for the benefit of the region.

More info: http://2012.blogfest.asia