Cheam Yeap (pictured), chairman of the National Assembly Commission on Economy, Finance, Banking and State Audit told, a conference that the policies should address spending and saving issues as well as how revenues are transferred to the treasury
"Will Cambodia follow the developed countries and create (a savings) accounts from oil and gas revenues ? If so, how will the revenue be divided?
"What percentage will be allocated annually to support education health care, rural infrastructure, forest protection and other development priorities?"
Cheam Yeap, who is also a member of the CPP Politburo, noted that one of the roles of the Cambodian National Petroleum Authority was to build investor confidence through good governance and legislation.
"Laws to explore, develop, and manage these energy resources need to be more concise and should be supplemented by other legal documents for operation and agreement on exploitation of oil and gas," the lawmaker said.
He also noted that a draft oil and gas law was now with the Council of Ministers. "Most of the parts were reviewed by studying both local and international laws with the support ... of experts to (ensure) that this draft law is well developed to benefit ... national development," he said.
Cheam Yeap also urged the government to prepare an amended tax law and improve existing legal documents related to access to information and oversight of national revenues. This would ensure that oil and gas revenues are "monitored and distributed widely and openly" to carry out government policy.
The senior lawmaker also urged the government to "cooperate closely" with the Extractive Industries Transparency Initiative, whose standards are now being implemented by 36 countries including Indonesia.
"There are many current examples of oil rich countries that still cannot have progression even though they receive huge revenues from exportation of natural resources," he said.
"Countries that have stability, follow proper macro-economic policies and follow a clear and specific plan on using oil and gas revenue effectively can avoid this resources curse ... The vision of Cambodia is based on the lessons learnt from abroad which provide us valuable direction."
Cheam Yeap noted that Cambodia currently has six offshore blocks with Chevron alone having drilled four holes, namely Pisnoka, Sovannphum, Sirisambath and Vimean Akas. "The areas surrounding Tonle Sap Lake also possibly have oil and gas and are currently being researched by Vietnamese, Chinese, and Japanese companies," he added.
18 comments:
Get rid of Vietnamese and Chinese businesses, except Japanese businesses that we can trust. Japanese business men have been following the International Law and they know what they are doing to avoid the risk and pitfall.
Again and again, stay away the Vietnamese and Chinese businesses including Thailand.
Thanks
My congratulations to HE Cheam Cheap! Every word is wise and accurate. The draft law should be carefully scrutinized by the 2nd Commission of National Assembly and Senate keeping in mind what he has said. Don't forget that 100% of Norvegian oil and gas revenu arrives to a) infrastructure, b)intergenerational fund and c) people and only 50% of oil and gas revenu of Nigeria arrives to the people. That makes a difference! Dear readers please stop as well in saying I don't believe politicians. You cannot live in a society talking around and saying I don't believe Obama, Idon't believe x or y. We have to start a fair dialogue between society and politicians.
Dr Gero Friedel, Brussels
I agree. Chinese and Vietnamese businessmen are crooked compared to the Japanese investors. We should give more priority to Japanese than the Chinese and Vietnamese because businessmen from these two countries came to do business without putting much capital or no capital at all, but just bribe Hun Sen and his cronies and they have the rights to cut our tries, dig our mountain and sea for tress, mineral, gold,gas and oil. In Khmer we say "tver noum ot masao" - making a cake without flour".
Look at the Japanese, they brought manufacturing industries to our country and spent a lot of money building the infrastructure and honestly paying our workers with good wage and favorable working conditions.
Can anyone know the background of Cheam Yeap?
There are good people in CPP, but they are too affraid to speak out against Hun Sedn.
I hope they will realize that being silent is not a good option. Hun Sen's regime will not survive if everyone stands up.
its about time that someone curious about the oil revenue where did its go and how much its go to state of Cambodia.Thanks for questioning Cpp regime? Silent no more!!
Another trick. Its almost election time, CPP will use all kind of tricks to show they care about the country. But will they walk the talk?
Lets start with releasing the innocent and allowing the opposition to return, and prosecuting the Chuuk Bandit for the attempted murder.
Then we will know the CPP do keep their words and are not afraid to obstruct justice and peace.
Cheam Cheap ជាយួន យើងគួរទុកចិត្តវាទេ?
Cheam Yeap is good like Hun Sen, CPP leaders are good people taking care of the country and only do business with good youns and Chinese. CPP for 100 more years.
Cheap cheam used tricks!? What's a catch!? All will get hits by Hun sen big stick and shut their mouth dare not to question Cpp Hun sh!t any further....
3 November 2012 2:44 AM,
You are absolutely right. Yuon/Vietnamese aliens like Cheam Yeap sometimes they change the subjects to play nice and sweet to be around and come around to trick Khmer people (who live in poverty or are very poor with low education or not education all). That is why we are here for our Khmer people have been stuck with the Vietnamese puppet Hun Sen until today.
Khmer people need to be aware no matter as we have mentioned for many times to watch out on each others - the commentator posted the comment in Princess Soma who wrote about Facebook Warning, "Trust No One" and be very careful and be the judge. Khmer people today are not like in the past and they are now becoming smarter and smarter because they have been through a lot.
Thanks for your posting the comment about the new tricks of Yuon CPP Officials and thieves in Cambodia. Hun Sen is very dumb and a stupid liar. Wish we would have helped him to get out of Yuon's hands, but he did not listen.
3 November 2012 3:17 AM.
We as Khmer bloggers know better and try to be cautious. Wait and see. Don't just believe what Yuon CPP clans and Yuon puppet Hun Sen have always said every times when facing the reality in Cambodia. Yuon CPP and Hun Sen will never admit the wrong doing and they are real liars and hypocrite.
Again, Khmer people to these days have been through so much and become smarter and smarter if they have no accession to whatever when the country of Cambodia has been stuck in the Hands of Crooked Yuon CPP and Yuon Puppet Hun Sen under their secret plans of Hanoi.
That is why we have largest opposition parties in the Country when Yuon CPP and Hun Sen pretended Cambodia is democrat and fool the gullible people of Cambodia and the world. Cambodia is much better than Communist Vietnam and Laos, but not as good as Thailand. Why are both hypocrite Yuon/Vietnamese folks in Cambodia have more freedoms than Communist Vietnam and they they talk shitty and want to own Cambodia badly. How stupid the illegal Vietnamese folks are in Cambodia under the CPP regime.
Remember the same trick CPP used just before the 2012 election.
Hun Sen used Sar Kheng to make fake promises that the CPP police will not use anymore violence against protesters, and promises to bring anyone to justice. When Bandit shot 3 Khmer girls, in the attempted to break up the prostesers. Sar Kheng did little to keep his words.
Again, one week after the election, Hun Sen send in hundreds of CPP officials and helicopters and killed a Khmer girl in the crackdown of force eviction.
Never trust anything the CPP say, as long as the crimminals are still free and the innocent Khmer are behind bars.
ស្តេច សីហនុ បានដឹកនាំប្រទេសចូលក្នុងភ្នក់ភ្លើងសង្គ្រាមបណ្តាលឳយខ្មែរស្លាប់រាប់លាននឹងធ្វើឳយប្រទេសជាតិហិនហោច តែខ្មែរនៅតែល្ងង់គឹតថាជាវរៈក្សត់
ពេលស្តេច សីហនុ ស្លាប់នាំគ្នាកាន់ទុករាប់លាននាក់
ខ្លៈយំខ្លៈកោរសក់ អ្នកខ្លៈប្តីងាប់មិនយំទេពេលស្តេចងាប់យំបោកខ្លួន ទុំលាប់ខ្មែរជឿអ្នកណាហើយទោះជាគេកោរអស់សក់ក្បាលហើយនៅតែជឿរតពូជ។
ដូច្នេះសព្វថ្ងៃបាក់ចិត្តជឿរ ហ៊ុន សែន ហើយជឿររហូតដល់ថ្ងៃស្លាប់។
នេះហើយភាពទន់ភ្លន់នឹងភាពល្ងង់របស់ជនជាតិខ្មែរបានបាត់បង់ឌីពីចក្រភពមកសល់តូច។
មេដឹកនាំខ្មែរមួយណាក៏ដូចមួយណាដែរចូលចិត្តពឹងបរទេស
សីហនុពឹងចិន/យួន ខ្មែរស្លាប់ស្ទើគ្មានសល់យួនយកដីទៀត
លន់ នល់ ពឹង អាមេរិកកាំងប្រទេសខ្មែរខ្ទិចខ្ទីដោយភ្នក់ភ្លើងសង្គ្រាម បំផ្លាញខ្មែរហើយមកទេបំណុលទៀតដោយសារតែលទ្ធិរបស់ខ្លួនទប់ទល់នឹងលទ្ធិគុម្មុនិស។
ហ៊ុន សែនពឹងយួន យួនកាត់យកដីជនជាតិយួនមករស់លើដីខ្មែរតាមចិត្តទុកជនជាតិយួនដូចជាម្ចាស់ខ្មែរជាប៉ៅបំរើ។
“Of course, you were damned right with one of your positive approaching of an idea about the profit of oil revenues and how it will be transferred to the national treasury," said Cheam Yeap. Even though you should have done more than of which you just mentioned above the oil benefit. Also, of so many things such as Khmer territory, sovereignty, maritime, immigration, deforest, land grabbing, land concession 99.99 years, the Paris Peace Agreement, and all the death of activists, for instance, Chea Vichea, Chhut Wutthy [et-all] that we never heard or have seen any action has been taken by you yet, since the day one you have joined with the puppet regime under one man ruling the country whose named Hun S/Chhrouk.
Maybe you just realized it that now is the right time that you should have to do something better for the country since Khmer have lost almost of everything to the foreigner or what?
As together, we are the Khmer and you are as a Khmer we should be holding hand to hand, shoulder to shoulder to rebuild our country back to get a good shape as in reign of our old ancient era as in the time they had been built the Angkor Wat, Okay. The other words, it is possibly that you can do is - you have to educate people who were working under your administration to wake up about the all seriously issued khmer is in danger by our neighbors were being invaded or swallowed khmer in cool silent even they knew that they were alleged or against to the world organization as the like, Otherwise, one of your idea was being held khmer citizen in trap once again to make them such believe that you are one of the law maker in the Cpp, is very cautious and concerning so much to make country looking better and prosperous in future, etc.
Matek Khmer.
Matek Khmer.
I'm not concerned whether Cheap Yeap was genuine or trying to do it for publicity stunt, the fact that he call into question the way Hun Sen and Sok An managed the oil revenue indicate that Chea Yeap knew that the oil revenue won't be managed properly. This could be seen as an attack on the government, or the CPP, but at worse it is an attack on Sok An and Hun Sen- it is a bad publicity for the CPP in a way.
CPP and CPP officals are not any brighter then 4th graders.
The only reason why CPP have survived this long is because they have killed just about every opposition leaders and obstruct every justice they can.
Dont forget a few months ago, Hun Sen claims his sceret strategy was to remove the border markers and instead install Casinos along the borders.
Can CPP get any dumber?
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