Top army leaders of Cambodia, Thailand meet in Phnom Penh

PHNOM PENH, Aug. 24 (Xinhua) -- The top army leaders of Cambodia and Thailand met in Cambodia's capital of Phnom Penh on Monday to reiterate their good cooperation and to strengthen their relationship.

Cambodia's military sources said during the meeting Gen. Pol Saroeun, commander-in-chief of Cambodian Royal Armed Forces, and Songkitti Jaggabatara, supreme commander of the Thai army, reiterated their statements of making good cooperation and relations, especially, between the armies of the two nations.

Both Pol Saroeun and Songkitti affirmed that good cooperation and relations are of common interest for both nations, the sourcessaid.

The two sides, however, did not talk on redeployment of troops stationed near khmer Preak Vihear temple, saying the issue shall be left for decision by the two countries' regional commanders there.

It is the first time for Gen. Songkitti Jaggabatara to make a visit to Cambodia and it is also the first time to hold such top army leaders' meeting.

But since the border dispute between the two countries occurred last year that resulted in the deaths of a number of soldiers, and several others injured, many round of talks at different levels were held including prime ministers, defense and foreign ministerial level down to regional commanders.

Songkitti Jaggabatara who arrived in Cambodia late Monday will return to Thailand on Tuesday after a planned brief sightseeing visit to Angkor Wat in Siem Reap province.

Editor: Yan

Monday, August 24, 2009

Siam Cement may revive Vietnam petrochemical plans

BANGKOK, Aug 24 (Reuters) - Siam Cement PCL SCC.BK, Thailand's largest industrial conglomerate, said on Monday it could move ahead with a plan to build a petrochemical complex in Vietnam that has been delayed by the global economic crisis.

The project required an investment of about $3-4 billion and sentiment in financial markets hads now improved, which could make it easier for the company to get financing, President Kan Trakulhoon told reporters.

"The situation has improved and we decided to hire an adviser. In the past, we had to postpone it because the financial market was closed. If we get some financing, we will move ahead," Kan said.

In March, Siam Cement said the project would be delayed for at least two years because the global financial crisis had made it difficult for the company and its partner, Petrovietnam, to finance the project.

Apart from the petrochemical complex in Vietnam, Siam Cement also delayed two cement projects in Indonesia and Cambodia.

Vietnamese state oil group Petrovietnam and Siam Cement began construction of the joint-venture complex last year in the southern province of Ba Rai Vung Tao.

The first part of the project had been expected to be completed in 2011 and the second in 2013.

At 0457 GMT, Siam Cement shares were up 1.82 percent at 195.50 baht, in line with the overall Thai stock market. ($1=34.00 Baht) (Reporting by Pisit Changplayngam; Writing by Khettiya Jittapong; Editing by Alan Raybould)
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