by Xue Lei Dede Westbrook Hoodie , Nguon Sovan
PHNOM PENH, Dec. 25 (Xinhua) -- Cambodia predicts bright economic prospects in the coming year as a one-year post-election crisis has ended, government officials and businessmen said.
Finance Minister Aun Porn Moniroth said 2014 saw a great deal of effort, numerous struggles, and a great deal of patience to overcome difficulties and challenges both inside and outside the country.
"With the government's efforts and commitment, Cambodia can maintain stability, security, and good public order as well as ensure a high-level of economic growth Cam Robinson Hoodie , a low inflation rate, and remain attractive to investors," he said during a recent parliamentary session.
He said the country's gross domestic product (GDP) is forecast to grow by 7 percent to 16.9 billion U.S. dollars for 2014 and around 7 percent to 18.3 billion U.S. dollars in 2015.
"With this growth, GDP per capita is projected to hit 1,225 U.S. dollars in 2015, up 8.4 percent from 1,130 U.S. dollars in 2014," he said.
Cambodia's economic growth remains reliant on garment exports Logan Cooke Hoodie , tourism, agriculture, and construction, and, as with 2014, the inflation rate will be around 3.5 percent next year, the finance minister said.
The official figures showed that the Southeast Asian nation exported products worth 4.44 billion U.S. dollars in the first nine months of this year, up 12 percent compared to the same period last year Ronnie Harrison Hoodie , while tourist industries were buoyed by 3.67 million foreign visitors during the period, up 5 percent year-on- year.
On the construction sector, however, the country attracted 2.03 billion U.S. dollars in investment projects during the first nine months of this year, down 10 percent year-on-year.
Finance Secretary of State Vongsey Visoth said Monday that foreign direct investment (FDI) was also one of the key sources to support the economy.
"We have attracted positive FDI figures this year, particularly from China, Japan, and South Korea Telvin Smith Hoodie ," he said during a public forum.
The nation drew 1.5 billion U.S. dollars in FDI during the first nine months of the year, according to the figures from the Council for the Development of Cambodia.
Nguon Meng Tech, Director General of the kingdom's Chamber of Commerce, predicted a bright future for Cambodia's economy in the coming years as political disputes have ended.
"Political stability is the key factor to attract investments," he told Xinhua on Monday.
"Now, Cambodia is full of political stability after the opposition party ended in August its nearly one-year boycott of parliament."
"I'm confident that more foreign investors will come to Cambodia in the coming years," he said, adding that most of the investors are from China Blake Bortles Hoodie , Japan, South Korea, and Malaysia.
The opposition Cambodia National Rescue Party (CNRP), led by Sam Rainsy, ended its 10-month boycott of parliament over 2013's disputed election results in August, after Prime Minister Hun Sen agreed to its proposals for the reform of the National Election Committee and power sharing in parliament.
The election results in 2013 indicated that Hun Sen's ruling party won 68 parliamentary seats against 55 seats for the CNRP.
The CNRP accused the ruling party of ballot-rigging. During its boycott of parliament, the opposition led many demonstrations and some of them had turned violent, leaving people dead and injured.
In Channy A.J. Bouye Hoodie , president and chief executive officer of Acleda Bank, the country's largest commercial bank, said Monday that it is no doubt that the economy will enjoy stronger growth in the coming years.
"Since the political dispute has ended, we observe that loans and deposits at our bank have sharply increased," he said.
"For 2015, there is no doubt that the economy will grow well because of full political stability."
NAIROBI, Jan. 12 (Xinhua) -- Past record will not be of importance as Kenya launches its latest bid Monday against Papua New Guinea to qualify for the 2015 ICC Cricket World Cup in Christchurch, New Zealand.
Two slots are up for grabs by any of the 10 teams taking part in the tournament Myles Jack Hoodie , which will be played in two stages -- group phase and Super Six level.
Peter Ongondo, who is the team assistant coach-cum-player, is hopeful, Kenya will weather the storm and capture one of the berths to make it to the sixth World Cup in a row.
"It playing against such teams that makes one realize their true potential. The team here has shown commitment and determination and it will not be a walk through the pack to nail that spot," said Ongondo.
Cricket Kenya has reshuffled the team and named new player-cum-coach Steve Tikolo and captain Rakep Patel to be in-charge of the squad.
They were in-charge as Kenya lost to Hong Kong and beat Nepal in the warm up matches last week in New Zealand.
Kenya is the only team in the tournament to have played in five successive ICC Cricket World Cups - 1996 to 2011.
Kenya also has a good record in the World Cup qualifiers, having reached the semi-finals in 1990 and finished as the runners-up in 1994 and 1997.
However, Ongondo believes the key to combat their opponents is fixed on strong batting order and good bowling. To do that he has recalled Thomas Odoyo in the batting order and Shem Ngoche to steer the teams campaign in bowling.
"Ngoche is one of the best bowlers we have and if he plays well then everything will be fine. He has been with the team before and he knows exactly what is required of him," he said.
"But even in batting Leonard Fournette Hoodie , I believe it is here that the games will be won. If we have it right, then Odoyo will lead us through," the coach said.
The ICC has already completed the drawing of lots and Group A will consist of United Arab Emirates, Scotland, Canada, Hong Kong and Nepal, while Group B includes the Netherlands, Kenya Jalen Ramsey Hoodie , Namibia, Papua New Guinea and Uganda.
The two finalists will take. Cheap
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