Singaporean firms find room to grow in Cambodia
Singaporean firms are taking an increasingly close look at the Cambodian market, both as a low-cost offshore production base and as a destination for their goods and services. Ho Meng Kit, CEO of the Singapore Business Federation, which represents 22,500 Singaporean companies, said as Cambodia becomes more developed it is proving a cost-effective alternative to Vietnam for offshore manufacturing. “Cambodia has an open and liberal foreign investment regime with a relatively pro-investor legal and policy framework compared to some other ASEAN countries,” Ho explained. For Singaporean entrepreneur Jackie Eng, CEO of diversified real estate company SC Capital, the Kingdom’s immature market offers a fresh canvas to apply old tricks, and experiment with new ones.
