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IndianaJones24

03/18/13 1:08 PM

#585 RE: Pastor Phil #584

Cambodia’s continued upward trajectory will be propelled by durable fundamental factors such as:

Political stability
Political stability and economic growth & development since 1998
PM & other key ministers are long serving and experienced
Ruling party’s mandate decisively renewed in 2008 election

Advantageous location
Sandwiched between two larger, more developed economies (Thailand and Vietnam): inevitable economic spill over
Midway between the trade routes to China and India – the most important growth areas of the next century
Not landlocked so not dependent on any single country

Favorable investment climate
Foreigners can own 100% of most businesses; 99 year land leases
Attractive investment incentives
Open capital account; easy repatriation of profits
Government-Private Sector Forum helps reduce obstacles and inefficiencies

Largely “dollarized” economy
Minimal foreign exchange risks – $USD used widely as currency
Stable monetary policy and fiscal responsibility

Increasing trade integration
WTO member since 2004
ASEAN membership offers regional trade benefits
Duty free or preferential export access to most developed economies

Advantageous labor conditions
Among Asia’s lowest-cost workforces
Abundance of willing, trainable farm and factory workers
Rising literacy rate now surpasses 75%

Improving transport connectivity
All key road and bridge links with neighboring countries have been or will soon be upgraded
Railroad system is being rehabilitated
Container sea port in Sihanoukville has been modernized and expanded
River port in Phnom Penh is being relocated and enlarged to better access Vietnam’s new deep sea ports
Three international airports have been opened

Lower costs in telecoms and internet; power next
Hyper-competition in mobile and internet sectors has cut user costs
New hydropower and coal-fired power plants underway will replace oil-based generation, cutting costs

Unused natural resources and land
Large parcels of land available for agro-forestry development
Government promotes and encourages agri-business development
Production and processing of agricultural commodities
Aquaculture and livestock farming and processing
Abundant mineral deposits await mining
Potentially significant off-shore oil and gas reserves
Virgin tourism sites (beaches, islands, history, culture, nature)

Under-penetrated, growing domestic consumer market
Exceptionally youthful demographics ensures rising domestic demand (61% of Cambodians under 25 years old; median age: 21)
Workforce participation, household formation, and urbanization will all show robust growth over the next decade
Per capita GDP and purchasing power has more than doubled over past decade and will continue to rise
Emerging import substitution opportunities in various industries

Un-leveraged financial position
Relatively low levels of sovereign, corporate, and consumer debt
Well capitalized, conservative banking system
No tradition of government bailouts and subsidies (capitalism’s last bastion)

ErnieRee

03/18/13 1:21 PM

#592 RE: Pastor Phil #584

Stevia is not only an excellent substitute for obesity but for diabetes as well.

STNT