Logo of Phnom Penh Post newspaper Phnom Penh Post - In Review: Australia's Recession Sends S.E. Asians Home



In Review: Australia's Recession Sends S.E. Asians Home

In Review: Australia's Recession Sends S.E. Asians Home

SINGAPORE (AP)-Thousands of people who migrated to Australia from Singapore and Malaysia

are returning home because of the worst recession down under since the "Great

Depression," according to the Business Times. The report said 6,440 Malaysian

and 3,700 Singaporean migrants returned home last year in an outflow that has been

increasing since 1988, when Australia's economy began to slow after the government

raised interest rates.

Most emigrants from Southeast Asia initially moved to Australia in search of investment

opportunities and better jobs.

Ghana to Hold Elections

ACCRA, Ghana (AP)-Ghana's first presidential election in 13 years will be held Nov.

3, official Ghana radio said recently.

Ghanaian voters approved the military's plan for a return to civilian rule in an

April referendum. Its ban on party politics was lifted in early May.

Many parties have threatened to boycott the elections because the referendum bars

prosecution of anyone in Lt. Jerry Rawlings' government. And the military has ordered

political parties not to use the names of any parties that existed before Rawlings

seized power in a coup Dec. 31, 1981.

The opposition parties tried unsuccessfully to have a court block the rules, saying

they were part of a plan to make it impossible for the new parties to operate. They

said Rawlings' goal is to manipulate the process to stay in power.

Rawlings has refused to say whether he will run in the presidential elections, slated

for Dec. 8.

Indonesia May Buy Scuds

JAKARTA, Indonesia ( AP)- Indonesia may buy scud missiles from the former Soviet

Union to strengthen its defense system.

"We are collecting data on weapons that we are going to buy and scud missiles

are one of the considerations," the daily Kompas newspaper quoted Air Force

Chief Siboen as saying last month.

Indonesia and other countries in the region have begun bolstering their militaries

recently, partly to compensate for the closure of U.S. bases in the Philippines.

Siboen has said Indonesia is currently negotiating the purchase of two squadrons

of "Hawk" fighters from Britain.

MOST VIEWED

  • Phnom Penh unveils rules for post-lockdown transition

    The Phnom Penh Municipal Administration issued a set of detailed guidelines for the seven days to May 12 after the capital emerges from lockdown at the onset of May 6. In the 14-page document signed by municipal governor Khuong Sreng released on the evening of May 5, the

  • SBI LY HOUR Bank Launches Cross Border Money Transfer Service between Cambodia and Vietnam on RippleNet, utilizing DLT

    SBI LY HOUR Bank Plc and Hanoi-based Tien Phong Commercial Joint Stock Bank (TPBank) on Friday launched the first Cambodia-Vietnam money transfer service in real currency via RippleNet, provided by SBI Ripple Asia Co Ltd to provide safe, fast and convenient services. SBI LY HOUR

  • Gov’t issues guidelines as lockdown nears end

    The government has issued a five-page set of instructions to be enforced when the three-week lockdown of Phnom Penh and adjacent Takmao town in Kandal province ends on May 6. According to an announcement signed by Prime Minister Hun Sen on May 4, the instructions cover a

  • Cambodia ready to exit LDC status

    Cambodia is well-prepared to minimise economic risks when it graduates from its Least Developed Countries status, according to a senior official at the Ministry of Commerce on May 7. Four LDCs – Cambodia, Laos, Bangladesh and Nepal – met at a virtual workshop last week to explore potential

  • Tottenham Hotspur to wear ISF Cambodia logo on jerseys in match against Sheffield United

    Last year, the Indochina Starfish Foundation (ISF) – an NGO providing education to underprivileged children in Cambodia – made global headlines with its “socially distanced” football initiative. This year, a world-class football club – Tottenham Hotspur FC – will wear special edition jerseys to show their support for ISF

  • Nine US franchises eye Cambodia debut

    Nine famous US franchising companies are looking for business opportunities and expansion into Cambodia to build a footstep for a strong foundation in Southeast Asia. The US embassy in Phnom Penh, in partnership with the US Foreign Commercial Service and with support from the American