King Norodom Sihamoni presided over the event, which was held in northwest Cambodia's Battambong province and live broadcast on the state-run National
Television of Cambodia.
Foreign diplomats to Cambodia were invited for the ceremony.
Three pairs of royal oxen were used to plough and predict agricultural yields and weather in the year. After three rounds of ploughing across a field, the
oxen were offered seven plates of food: rice, corn, green bean Nike Air Max 2018 Günstig , sesame, water, fresh-cut grass, and wine.
Customarily, if the oxen eat a lot of agricultural items, it is believed that agricultural crops will give high output in the year Nike Air Max 360 Günstig , but if they eat little, it is thought that the yields will be low.
If the oxen eat grass and wine, it will be forecast that cattle will be plagued by epidemics, and if they drink a lot of water, floods will be expected.
At the event, the oxen ate green bean and corn. A court soothsayer predicted that the two kinds of crops would give high yields this year.
"This is just a prediction based on the custom of the royal ploughing ceremony in the old era Nike Air Max 90 Ultra Essential Günstig ," Kang Keng, head of the soothsayers at the Royal Palace, announced, adding "This ceremony is to notify
the farmers that agricultural season has come."
The Southeast Asian nation is an agrarian country with around 80 percent of the population being farmers, and the agricultural sector accounted for 28.7
percent of the country's gross domestic product in 2014, according to the
Ministry of Agriculture.
by Mulyanda Djohan
JAKARTA Nike Air Max 90 Mesh Günstig , May 20 (Xinhua) -- Indonesian central bank took some measures to accelerate economic growth, but refrained from cutting interest rate
as it risks to the effort to ease high inflation and guard rupiah.
The pressure to lift the growth has mounted since the country witnessed gross domestic product expansion at the lowest level since 2009 in the first quarter,
4.71 percent, but already high inflation and weakening rupiah against the U.S.
dollars amid U.S. Federal Reserve rate hike plan this year make it risky to cut
the basic rate amid high current account gap.
Therefore the lender on Tuesday kept its benchmark interest rate unchanged at 7.5 percent and at the same time launched policies to ease the macro-prudential
policies, including regulation on loan for homes and vehicle purchase, Agus
Martowardojo Nike Air Max 90 Ultra 2.0 Flyknit Günstig , governor of the central bank said on Tuesday.
The bank also aimed to strengthen coordination with the government to speed up spending of development budget which had been stalled at the first three
months through March, the bank said.
"Therefore the central bank supports government efforts to speed up realization of infrastructure projects and continue various structural policies
to create optimism among investors on the prospect of Indonesian economic
recovery," the bank said in the statement on Tuesday.
The central bank also kept the lending rate facility at 8 percent and deposit facility rate at 5.5 percent on Tuesday, said Martowardojo.
To lift growth through export and consumption seems difficult in the near term as the demand of the country's commodities export products remains subdued
and inflation remain high ahead of Islamic holy fasting month of Ramadhan that
falls at mid of next month, during which the demand of food and clothes
regularly hikes in the country.
Household consumption, which is the biggest trigger of the growth at the country with over 250 million populations Nike Air Max Plus TN Ultra Günstig , contracted in April as high inflation erodes purchasing power.
Indonesia's export growth fell by 0.53 percent at the first quarter compared with the growth of 3.16 percent at the same period last year, according to the
national statistic bureau.
The growth of household consumption scaled down to 5.01 percent at the first three months compared with 5.35 percent at the same period last year, it has
said.
"For the next quarters, it seems hard to boost export (but) the government has to boost spending of the (development) budget through the infrastructure
projects, along with boost in investment," Andry Asmoro Nike Air Max 98 Günstig , an analyst at Bank Mandiri, has told Xinhua.
Consumer prices index accelerated at a faster pace in April to 6.79 percent from 6.38 in March, according to the national statistics bureau.
Meanwhile, weakening rupiah against the U.S. dollar remains concerning as the bank struggles to narrow current account deficit gap.
Indonesia's current account has been in deficit for 14 quarters through end of first quarter this year amid fall of prices of Indonesia's commodities
exports.
In 2014, the current account deficit was at 2.95 percent of the GDP and the gap reached 1.8 percent of GDP in the first quarter of this year, slightly
higher than the central bank's estimation of 1. 6 percent of GDP.
"Maybe by seeing the inflation remain high (besides Nike Air Max 97 Günstig ,) it is common in Indonesia inflation rises ahead of fasting month. So that there is a concern (of the lender) that people are
reluctant to keep rupiah should its value be persistently eroded by inflation.
The decision is expected to add supply of U.S. dollars at the market and
strengthen rupiah," Farial Anwar, analyst from the Currency Management Group
told Xinhua on by phone after the central bank announcement on Tuesday.
The analyst projected the central bank to keep its tight monetary policy by year in anticipating the possible capital outflows ahead of the U.S. Fed
interest rate hike policy.
Indonesia's rupiah has weakened since last year and passed the psychological level of 13,000. In April, the currency weakened by 0.23 percent and it was
traded by 13,183 per 1 U.S. dollar on Tuesday Nike Air Max 96 Günstig , according to the bureau and the central bank.
(Source: Xinhua)
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