Cambodia's reserves top $2.5 bln: PM

Cambodia's reserves top $2.5 bln: PM


Cambodia's reserves top $2.5 bln: PM
AFP - Friday, October 9


PHNOM PENH (AFP) - – Cambodia's foreign currency reserves have topped the 2.5 billion dollar mark despite forecasts that the country's economy will contract this year, the premier said Thursday.

Hun Sen revealed in a speech that the country has increased its international reserves by 21.48 percent since the end of last year, when they stood at just over two billion US dollars.

"Despite receiving the impact of the global economic and financial crisis, we can ensure international reserves will continue increasing remarkably," he said.

"As of the end of August 2009, calculated international reserves had reached 2,522 million US dollars," he added, in the speech marking 30 years since Cambodia rebuilt its national bank that was destroyed under the Khmer Rouge.

After several years of double-digit growth fuelled mainly by tourism and garment exports, Cambodia was buffeted by 2008's global economic downturn.

Last month the International Monetary Fund predicted Cambodia's economy will contract 2.75 percent this year amid the slowdown, but praised the national bank for its supervision of commercial banks hit by non-performing loans.

Cambodia remains a largely cash-only economy and a high degree of mistrust keeps many people hoarding their money at home, but Hun Sen said that confidence was growing and more people were using banks.

Nearly one third of Cambodia's 14 million people survive on only 50 US cents a day or less.

Summons to colleagues won't help justice: Hun Sen


In this photo taken, Sept. 14, 2009, Cambodia's Prime Minister Hun Sen gestures as he takes a tour to a construction site of a Chinese-funded bridge at Prek Kdam village, some 30 kilometers north of Phnom Penh, Cambodia. (AP Photo/Heng Sinith)

Thursday Oct. 8, 2009
The Associated Press

PHNOM PENH, Cambodia — Cambodian Prime Minister Hun Sen said Thursday he doubts whether summoning six of his colleagues to testify at the country's Khmer Rouge genocide tribunal will help the cause of justice.

The UN-assisted tribunal announced Wednesday that it was calling the country's current foreign minister, finance minister, national assembly president, senate president and two other senators to testify before the tribunal's investigating judge.

All are top members of Hun Sen's Cambodian People's Party but also exercised some authority when the communist Khmer Rouge held power in 1975-79. Hun Sen himself once served as a Khmer Rouge officer and many of his main allies are former members of the group.

The tribunal is seeking justice for the estimated 1.7 million people who died in Cambodia from execution, overwork, disease and malnutrition as a result of the group's radical policies.

Hun Sen has repeatedly expressed his sharp dissatisfaction with any efforts by the tribunal to expand its scope and possibly include his political allies.

The prime minister questioned the court's decision Thursday, saying his colleagues had already proven they were interested in seeing justice done.

"They (the court) know that these people helped to topple the regime of (late Khmer Rouge leader) Pol Pot from power, and moreover, adopted the law to try the Khmer Rouge leaders as well," Hun Sen said.

He appeared to question why his colleagues would be called as witnesses at the request of the defence, saying their testimony would only increase their punishment.

"Therefore how will justice be done?" he said.

The tribunal is currently trying its first defendant, Kaing Guek Eav -- also known as Duch -- who commanded S-21 prison in Phnom Penh, where up to 16,000 people were tortured and then taken away to be killed. He is charged with crimes against humanity, war crimes, murder and torture.

Also charged are Nuon Chea, the group's ideologist, Khieu Samphan, its former head of state, Ieng Sary, its foreign minister, and his wife Ieng Thirith, who was minister for social affairs.

Cambodia's monarchy quietly evolves


(Photo: Reuters)


Asia Times Online


PHNOM PENH - Five years on from King Norodom Sihanouk's intricately-scripted departure from the political stage, Cambodia's new monarch Norodom Sihamoni is quietly and finally emerging from his father's shadow.

Enthroned by French colonial authorities in 1941, Sihanouk grew into a national symbol and wily political operator, entrenching himself at the center of the country's political life through his Sangkum Reastr Niyum, or People's Socialist Community, which ruled from 1955 to 1969. Unpredictable to the last, the often tempestuous monarch announced his surprise abdication on October 7, 2004, ending an era that spanned six decades and countless political and royal titles.

The monarchy was officially re-established under Sihanouk in 1993 as part of a United Nations-sponsored peace process and the country has since been governed as a constitutional monarchy. However, Sihamoni, Sihanouk's son and hand-picked successor, was always going to find it hard to live up to Sihanouk's colorful and often controversial legacy.

Born in 1953 to Sihanouk's wife Norodom Monineath, he was cut from an altogether different cloth: a dance instructor and actor, the new monarch had only a fleeting contact with political life. He served a brief spell as his father's personal secretary while he was exile in the early 1980s as well as Cambodia's ambassador to the United Nations Educational, Scientific and Cultural Organization in Paris.

Despite the vast gulf in charisma and political style, observers say since Sihamoni's coronation in October 2004 there has been a subtle re-invigoration of the monarchy. Diverging from his father's hands-on style, the new king has managed to reshape the monarchy's role coincident with a changing political landscape, withdrawing it from the fray of day-to-day politics while advancing the institution as a symbol of national reconciliation.

At the same time, the five years of Sihamoni's reign have been tough for Cambodia's royalist political movement. Popular support for the kingdom's royalist political parties, Funcinpec and the Norodom Ranariddh Party, has fallen precipitously. Even before 2004, Funcinpec - first founded by Sihanouk in 1981 with the aim of opposing the Vietnamese military occupation - was on a steady electoral decline.

Prince Norodom Ranariddh, another of Sihanouk's sons, led the party to a stunning victory at the UN-backed 1993 elections, the first multiparty polls held in Cambodia in over 20 years, clinching 45% of the popular vote and 58 seats in the then 120-seat National Assembly. But the party has lost ground at every election since, dropping from 43 seats in 1998 to 26 seats in 2003. The party lost 24 of its remaining seats in 2008, winning just 5% of the national vote. In addition to electoral defeats, last year also saw the retirement of royalist stalwarts Ranariddh and Prince Norodom Sirivuth.

The royalist movement's electoral failures have coincided with the mounting successes of Prime Minister Hun Sen and his ruling Cambodian People's Party (CPP), which won 58% of the vote and 90 seats in the 123-member National Assembly at 2008 elections. In a fiery October 2005 speech, following years of constant and sometimes violent conflict between the CPP and Funcinpec, Hun Sen hinted at the possibility of abolishing the monarchy - as done under the Republican Lon Nol regime in 1970 - and suing members of the royal family for libel.

The following year, national television and radio aired strong criticisms of the King Father, a position Sihanouk was granted after stepping down, broadcasting Republican-era songs that accused him of ceding land to the Vietnamese communists during the 1960s. (Hun Sen has notably come under similar criticisms in recent years, leading to a crackdown on journalists and commentators that made the claims.) The government also banned the use of Sihanouk's image in campaigning for the 2008 national election.
'Eternal' symbol

But despite these challenges, Cambodia's monarchy continues to flourish. Unlike Sihanouk, who bucked against the constitutional requirement that the King "reign but not rule", royalists say Sihamoni has grown into the role of figurehead, presenting himself as a less volatile symbol of the Khmer nation and national reconciliation. According to Cambodia's constitution, the King is both head of state and symbol of the unity and "eternity" of the nation.

Prince Sisowath Sirirath, Funcinpec's second deputy president, said that between the monarchy's abolition in October 1970 and its re-instatement in 1993, Cambodians had forgotten what previous monarchs were like. After the darkest years in Cambodia's modern history, he said, Sihamoni had reestablished the monarchy's traditional role as an "umbrella" under which Cambodians could unite. "His Excellency King Sihamoni is doing his very best to renew that respectable position both for the nation, the people of Cambodia and the members of the royal family," he said.

Julio A Jeldres, Sihanouk's official biographer, agreed that despite the attempt of successive governments to "diminish" the central role the monarchy, the new king has proven a worthy successor. "King Sihamoni has followed up on his eminent father's example and has adopted the same way of dealing with present circumstances in Cambodia as well as establishing close links with the more disadvantaged of his compatriots," he said.

Despite the evolution of the monarchy and continual losses of its aligned parties at the polls, royalist politicians believe they still have a future in Cambodian politics. "Given a fair and honest chance in the elections, Funcinpec will regain its position," said Prince Sirirath. "We believe in democratic values, we believe in respecting human rights [and] we believe whatever we sign with our partners is of great value. Things like this continue to be in the mind of the Funcinpec leaders."

He added that Cambodia's peace and stability could best be secured by royalist leaders that established continuities between the past and the present. "The people of Cambodia need a member of the royal family to lead them," he said. "The love of the monarchy, the love of the King, is there in the hearts of the Cambodian people, and [if you] shake the monarchy you will be shaking the roots of the people's support."

Others, however, think the decline of royalist politicians stems from increasing voter disillusionment with their aims and intentions. Funcinpec won the 1993 election thanks to its clever use of Sihanouk's image, but countless missteps in the years since have alienated its supporter base. Jeldres said that although rural support for the monarchy remained strong despite electoral defeats, generational changes had possibly made royalty less relevant to younger Cambodians. While older peasants remained loyal to the institution, new generations "do not seem to have been given much knowledge" about the monarchy's past role in Cambodian affairs and thus were "less inclined" to see it as a national institution, he said.

Outspoken royal Prince Sisowath Thomico, who formed the short-lived Sangkum Jatiniyum Front Party in 2006, said the withdrawal of royals from politics - and the de-politicization of the monarchy more generally - was a vital step in ensuring their ability to act in the country's best interest. "If the royals are not involved in politics their actions cannot be seen as political actions aimed at gaining political support. It is a fundamental part of the problem: if the royals are suspected of getting involved in politics then whatever they do will be limited," he said. "[Withdrawal from politics] is the sine qua non condition for them to succeed."

The fear, he added, was that the presence of "royalist" parties - however successful - implied that all competing parties were anti-royalist, an assumption that could easily become a self-fulfilling prophecy. By creating a perceived link between the royalist opposition and the throne, royalist politicians have dragged the institution into its conflicts with Hun Sen and the CPP. "These threats were done in a context in which Funcinpec pretended to be royalist," Prince Thomico added. "If Funcinpec is seen as a royalist party, then the other parties competing against Funcinpec are not. And the future of the monarchy [will be] seen to rely on the success of the party, which is not true."

Ros Chantraboth, deputy director of the Royal Academy in Phnom Penh, agreed that Sihanouk's domination of political life the 1950s and 1960s had unwittingly dragged the monarchy into the political fray, culminating in its eventual abolition in 1970. "I think Sihanouk's politics contained the seeds of their own destruction, because he made some mistakes, and it pushed some people without any real power to overthrow him," he said. But Sihamoni's turn away from his father's hands-on style, he said, had established a firm basis for the long-term survival of the monarchy.
"If the king stands above the Cambodian people, I think it will bring Cambodia political stability," he said. "This is the new evolution of the monarchy."

Sebastian Strangio is a reporter for the Phnom Penh Post in Cambodia.