Cambodian Times
CambodianTimes.com Friday 3rd September 2010 Edition 8/0246
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"This historic moment comes at a time of great uncertainty for many Americans. We have now been through nearly a decade of war. We have endured a long and painful recession. And sometimes in the midst of these storms, the future that we are trying to build for our nation - a future of lasting peace and long-term prosperity - may seem beyond our reach"
Barack Obama
US President Obama was making a national address Tuesday to mark the end of the combat mission in Iraq

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$£€ United States, Dollar Euro Cambodia, Riel Vietnam, Dong China, Yuan Renminbi
United States, Dollar - 0.776 4219. 19470 6.802
Euro 1.288 - 5436. 25089 8.765
Cambodia, Riel 0.000 0.000 - 4.613 0.001
Vietnam, Dong 0.000 0.000 0.216 - 0.000
China, Yuan Renminbi 0.147 0.114 620.2 2862. -

bullet More Cambodia News corner
Increase in Cambodia's vultures gives hope to imperiled scavengers
Cambodia's Seamstresses Exemplify Global Trends Toward Investment in the Female Market
Unregistered Cambodian stuck in immigr..
Vulture numbers take flight in Cambodia: group

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Malay court tells doctors to get female patients' consent before taking pictures of private parts
Michael Douglas says smoking and booze game him throat cancer
Hugh Jackman makes cameo appearance in cancer patient's moving video

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Thai Opposition Red Shirts Balk at New Army Chief
Germans donate to repatriate comatose German from Thailand

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Thailand's 40 Richest: Introduction
Aturbulent May looked like it would send business reeling in Thailand--in response to protester encampments, the military took over parts of the capital and more than 80 civilians were killed as...

PM, Hun Sen set to meet
Prime Minister Abhisit Vejjajiva and his Cambodian counterpart Hun Sen look set to hold talks later this month to build on the improving ties between the two...
Paralysed Briton stranded after Thailand crash
A Briton is stranded in Thailand after being paralysed in a road accident, his family has said. Tom Moss, 26, was left nearly blind and unable to move from the neck down after his moped collided...
More breaking stories
South Island rattled by powerful earthquakeSouth Island rattled by powerful earthquake
A powerful 7.4 magnitude earthquake struck New Zealand's South Island in the early hours of the morning causing some panic but no immediate reports of...

Plane goes down in UAEPlane goes down in UAE
A plane has crashed in the United Arab Emirates in the city of Dubai, it is unknown how many...
US Defense Secretary Robert Gates in AfghanistanUS Defense Secretary Robert Gates in Afghanistan
US Defense Secretary Robert Gates is in the south of Afghanistan after touching down on...
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Wall Street continues upward trendWall Street continues upward trend
The Dow Jones rose more than 100 points Friday, the third day of gains for the key...

Sexual harassment claims lead to big settlement in USSexual harassment claims lead to big settlement in US
A $5.8 million sexual harassment settlement will be paid by a building maintenance firm in the...
Large-sized Mini to hit the streetsLarge-sized Mini to hit the streets
The Mini family is about to get a new member with the upsized Countryman...
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bullet Thai Indian entrepreneur's wealth soars by 252 percent corner

The ongoing political turmoil in Thailand has apparently not prevented the kingdom's richest people from getting richer.The biggest gainer in percentage terms is longtime Thai Indian resident Aloke Lohia. His wealth soared by 252 percent when he took his integrated polyester company, Indor
ama Ventures, public earlier this year.

This son of an Indian entrepreneur is a newly minted billionaire and jumped 13 notches to No. 6, with a net worth of 1.25 billion dollars.

The 40 wealthiest Thais are now worth 36.5 billion dollars, up 46 percent from last year, according to the latest Forbes Asia Thailand Rich List.

Three quarters of the tycoons on the rich list added to their fortunes thanks to a booming stock market and a strengthening currency.

Also joining the country's billionaire ranks for the first time this year are Pruksa Real Estate's Thongma Vijitpongpun (No.8; 1.15 billion dollars) and Mitr Phol Sugar's Isara Vongkusolkit (No. 10; 1.1 billion dollars).

In all, there are 11 billionaires this year, six more than last year.

Topping the list for the first time and the biggest gainer in dollar terms is agribusiness owner Dhanin Chearavanont with a net worth of seven billion dollars, up by four billion dollars over the past year.

Ranked No. 2 last year, the 71-year old heads conglomerate Charoen Pokphand Group.

He is also a philanthropist who restores Buddhist temples in Thailand, sponsors schools and orphanages.

Dhanin knocked out last year's richest Chaleo Yoovidhya. The 78-year old Red Bull co-founder slipped to No. 2 despite increasing his wealth by 200 million dollars to 4.2 billion dollars.

Moving up one notch to No. 3 is 66-year old beverage tycoon Charoen Sirivadhanabhakdi with 4.15 billion dollars, up from 2.8 billion dollars previously.

He took his Thai Beverage, Thailand's largest brewer and distiller, public in Singapore in 2006, and his stock nearly doubled in 2009.

There are three new faces on this year's list. The highest ranking newcomer is Keeree Kanjanapas (No. 13; 650 million dollars). His property and construction firm, Tanayong (renamed BTS Group Holdings), recently took over Bangkok's Skytrain. Also a new face is another real estate developer, Supalai's Prateep Tangmatitham (No. 33; 190 million dollars).

The third tycoon to debut on the list is 60-year old tile producer Roongroj Saengsastra (No. 31; 200 million dollars). He founded Tile Top in 1995 and bought over competitor Dynasty Ceramic after the Asian economic crisis. The merged company's stock price is up 90 percent over the past year.

Roongroj is featured in a profile story in the latest issue of Forbes Asia.

The minimum net worth to make the list this year increased to 140 million dollars, up from 85 million dollars previously.

The full list of Thailand's richest can be found in the September 2010 issue of Forbes Asia. (ANI)


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    bullet Movie Review corner

    bullet Editorials corner
    Andhra Pradesh in safe hands
    How real is the U.S. withdrawal from Iraq?
    Three pogroms held together by a common thread
    Caste discrimination — U.K. Dalits win the argument, nearly
    Africa's first refugee phone network launched in Uganda

    bullet Vietnam corner
    Pho Vietnam opens in Kapolei
    Gates sees progress in tour of Afghan war zone
    Experts see trouble ahead for developed world
    As clock ticks, Dixit and Kalmadi say all is well
    Singapore Airlines gets new chief executive

    bullet Have Your Say corner
    With the departure of US combat troops from Iraq, is the Iraq war now over?


    bullet Hotel Review corner
    THE WESTIN, LOS ANGELES AIRPORT
    THE WESTIN, LOS ANGELES AIRPORT

    This substantial hotel is easily accessed on Century Boulevarde. Driving in to the entrance area, the hotel main lobby greets...


    bullet South East Asia corner
    Malaysian Home Ministry unit to vet net postings soon
    Pakistan releases second batch of 100 Indian fishermen
    Shafiq, Irfan to replace 'tainted' trio in Pak ODI squad
    General VK Singh to visit Sri Lanka to strengthen military ties
    Pak Govt. accused of exploiting flood relief efforts for establishing many "Benazirabads"