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Wednesday, August 25, 2010

Cambodian envoy back on Thai soil


Foreign Ministry more confident on relations

Thailand and Cambodia have moved forward in their "normalisation" of diplomatic ties with the reinstatement of You Aye as Cambodian ambassador to Thailand.

The Cambodian envoy arrived at Suvarnabhumi airport at 10.30am yesterday, smiling to an army of reporters and photographers and even stopping to allow the cameramen to take her photograph.

But the ambassador refused to speak to the media and left immediately for the Cambodian embassy in central Bangkok.

You Aye returned to Bangkok one day after Prasas Prasasvinitchai arrived in Phnom Penh to re-assume his posting as Thai ambassador to Cambodia.

Mr Prasas was recalled by the Foreign Affairs Ministry last November in protest against Cambodia's appointment of ousted prime minister Thaksin Shinawatra as its economic adviser. Phnom Penh responded by recalling its ambassador.

The government decided to send Mr Prapas back to Cambodia following Thaksin's decision to resign his economic adviser's post. The announcement of the resignation was made on Monday in Phnom Penh.

Foreign Minister Kasit Piromya said yesterday dialogue would be a major means for Thailand to resolve border conflicts with Cambodia, which he hoped would not affect relations between the two countries.

In a related development, Surin governor Raphee Phongbuphakit said authorities still had to wait for notification from the governor of Siem Reap before they could pick up three Thais being detained in the Cambodian province after they were arrested last week for entering Cambodia illegally.

Cambodian Prime Minister Hun Sen ordered their release after Mr Raphee contacted his counterpart in Siem Reap with an official request. The three detained are Sanong Wongcharoen, Lim Puangpet and Lan Sapsri.

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Research and Markets: Cambodia's Pharmaceutical Market Was Calculated To Be Worth KHR711bn (US$172mn) In 2009 Says 2010 Study

DUBLIN--(BUSINESS WIRE)--Research and Marke(http://www.researchandmarkets.com/research/54f9bf/cambodia_pharmaceu) has announced the addition of the "Cambodia Pharmaceuticals and Healthcare Report Q3 2010" report to their offering.

The Cambodia Pharmaceuticals and Healthcare Report provides industry professionals and strategists, corporate analysts, pharmaceutical associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Cambodia's pharmaceuticals and healthcare industry.

Cambodia's pharmaceutical market was calculated to be worth KHR711bn (US$172mn) in 2009. BMI forecasts drug consumption to increase at a rate of 11.6% over the next five years to reach a value of KHR1,232bn (US$302mn) in 2014. Our long range forecast is for the market to reach KHR2,062bn (US$516mn) in 2019, equivalent to annual growth of 11.2% over the 10-year period. In absolute terms, the countrys pharmaceutical market is one of the smallest covered by BMI. However, its high growth potential emphasizes Cambodia as an emerging target for drugmakers in the medium term. In BMIs Pharmaceutical Business Environment Ratings for Q310, Cambodia is ranked the lowest of the 16 Asia Pacific markets surveyed. The countrys medicine market is small in absolute terms and percapita expenditure is low. However, BMI is forecasting double-digit growth over the medium term. Fundamental disincentives to drugmakers include a young and predominantly rural population, a lack of respect for intellectual property, endemic corruption and excessive bureaucracy.

A decade of economic growth and political stability has allowed Cambodia to begin to tackle its underdeveloped healthcare system. Measures such as health equity funds, a new social health insurance system and the use of nongovernmental organizations (NGOs) has begun to reduce inequalities in the system. The public health budget has grown in line with economic growth. However, per capita health expenditure remains low and around 60% of healthcare costs are paid out-of-pocket.

Government figures show that the national health budget is increasing. However, contributions from foreign donors exceed government contributions at a rate of around 2:1. This reliance on foreign contributions means that health expenditure levels are exposed to fluctuations in the exchange rate. Counterfeit drugs are a major constraint on legitimate drug market growth. Around 65% of the illegal pharmacies operating in Cambodia have been closed, according to the US Pharmacopeia in May 2010. The development comes as the result of a major anti-counterfeiting operation undertaken by the Cambodian government for over five months. According to figures released by the Cambodian Ministry of Health, the number of illegal pharmacies was reduced from 1,081 to 379 between November 2009 and March 2010.

The domestic pharmaceutical industry comprises seven small manufacturers dealing in basic generic medicines. The bulk of demand is met through imports, both from developed markets (such as France) and nascent markets (such as India, Thailand and Vietnam).

Key Topics Covered:

•SWOT Analysis
•Pharmaceutical Business Environment Ratings
•Table: Asia Pacific Pharmaceutical Business Environment Ratings, Q310
•Cambodia Market Summary
•Historical Data & Forecasts
•Regulatory Regime
•Intellectual Property Environment
•Counterfeit Medicine
•Pricing and Reimbursement
•Industry Trends and Developments
•Industry Forecast Scenario
•Pharmaceutical Market Forecast
•Healthcare Market Forecast
•Pharmaceutical Trade Forecast
•Key Risks to BMIs Forecast Scenario
•Competitive Landscape
•Pharmaceutical Industry
•Recent Pharmaceutical Company Developments
•Company Profiles
•Indigenous Companies
•Country Snapshot: Cambodia Demographic Data
•Table: Demographic Indicators, 2005-2030
•Table: Rural/Urban Breakdown, 2005-2030
•Table: Education, 2002-2005
•Table: Vital Statistics, 2005-2030
•Table: Employment Indicators, 2000-2004
•Table: Consumer Expenditure, 2000-2009 (US$mn)
•Table: Average Annual Manufacturing Wages, 1996-2001
•BMI Methodology
Companies Mentioned:

•PharmaProduct Manufacturing (PPM)
•Cambodia Pharmaceutical Enterprises (CPE)
•Multinational Companies
•Sanofi-Aventis
•Pfizer

For more information visit http://www.researchandmarkets.com/research/54f9bf/cambodia_pharmaceu .
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