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Promises and pitfalls in Cambodia’s online business world – Nikkei Asian Review

CNRP supporter taking selfie during opposition party rally in Phnom Penh on June 2 (Photo: Simon Roughneen)

PHNOM PENH — As he described his search for funding for Khmerload, a digital media company touted as Cambodia’s version of BuzzFeed, chief executive Vichet In recounted an arduous struggle. “We sent an email to 10 [venture capitalists] — no reply. We talked to a few investors — there was no interest. They couldn’t believe we could do an expansion to another country.” Finally, U.S.-based investor 500 Startups, which describes itself as “a global venture capital seed fund,” came up with $200,000, cash that could help the company expand beyond Cambodia and Myanmar, where Myanmarload was launched in 2016. The websites churn out the kind of entertainment and celebrity gossip that was the foundation for the global success of U.S.-based BuzzFeed, a website that mixes entertainment, news and so-called viral content The 500 Startups deal, announced in March, was the first time a Silicon Valley venture capital fund had put its money into a Cambodian “startup,” a term for a newly-established business that nowadays usually refers to a tech, online or smartphone-related enterprise.

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Signs of a slowdown for Phnom Penh – Nikkei Asian Review

Major construction projects can be seen going up around Phnom Penh, including outside Aeon, a Japanese-built mall in the city (Photo: Simon Roughneen)

PHNOM PENH — Not so long ago, the backdrop in any photo of Phnom Penh landmarks such as the Royal Palace or Independence Monument would have been a low-rise panoply of four- and five-story townhouses. But in one of Southeast Asia’s more visually transformative building booms, dozens of apartment and office blocks have gone up around the Cambodian capital, sending land prices skyward. If not quite the cornerstone of the country’s economic growth, Phnom Penh’s construction boom has at least cemented Cambodia’s already rapid expansion, which has topped 7% most years for the past two decades.

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Cambodian local elections point to a tight parliamentary race – Nikkei Asian Review

Supporters of the opposition Cambodian National Rescue Party on the afternoon of June 2, the final day of campaigning ahead of June 4 local, or commune, elections (Photo:  Simon Roughneen

PHNOM PENH — Preliminary results in Cambodia’s June 4 local, or commune, elections indicate a narrow win for Prime Minister Hun Sen’s Cambodian People’s Party. The CPP took 51% of the popular vote, giving it control of around 1,100 of the country’s 1,646 communes. But nearly half of all voters opted for the opposition Cambodian National Rescue Party, suggesting a close fight in next year’s parliamentary elections. The local elections were a dry run for the 2018 poll. Two days before the vote, Hun Sen led a huge CPP rally in Phnom Penh — a rare appearance from a leader previously so confident that he rarely campaigned. The CNRP emulated the CPP later the same day. Tens of thousands of both parties’ supporters rode around the capital in festive convoys of trucks and motorbikes around 5km long.

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Local elections have Cambodians thinking a year ahead – RTÉ World Report

Kem Sokha, the current leader of the Cambodian National Rescue Party, the main opposition group, after voting in Cambodia's municipal elections at a polling station at Chak Angre Leu Pagoda in Phnom Penh on the morning of June 4 (Photo: Simon Roughneen)

Last Sunday Cambodia’s held local elections saw a narrow win for the ruling Cambodian People’s Party led by Prime Minister Hun Sen. But while the CPP won the popular vote, the opposition saw its share of council seats increase ten-fold from the last local elections held in 2012. The campaign had all the colour and tension of a national election, which Cambodia will stage in a year’s time, with huge final rallies by the CPP and the opposition Cambodian National Rescue Party on the Friday before the vote.

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High turnout in Cambodian local elections as opposition poised to gain – Nikkei Asian Review

Voters lining up to enter a polling station inside a school in the south of the Cambodian capital Phnom Penh on June 4 (Photo: Simon Roughneen)

PHNOM PENH — As Cambodia’s 16 million people awaited official results from Sunday’s local elections, early indications suggested that Cambodian National Rescue Party, the main opposition group, had made significant gains at the ruling Cambodian People’s Party’s expense. As the National Election Committee read out results on local TV, the CNRP estimated that it had won 46% of the popular vote to the CPP’s 51%. Fresh News, a local outlet sympathetic toward the CPP, said that preliminary results showed the CPP winning in 1,163 communes across the country, down from 1,592 five years earlier, with the CNRP winning 482. The elections are widely seen as a test run ahead of next year’s national parliamentary polls, which will decide who forms the next government. At stake are 11,572 local council seats in Cambodia’s 1,646 communes or municipalities. The National Election Committee, an official body, was scheduled to being announcing preliminary results first at 5pm local time, then 7pm, before finally commencing the results announcement at 8:30pm. The delay was blamed on an internet outage.

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Phnom Penh sees huge final campaign rallies ahead of local elections – Nikkei Asian Review

Cambodian Prime Minister Hun Sen speaking to supporters of the ruling Cambodian People's Party while en route around capital Phnom Penh during the final commune election campaign events held on June 2 (Photo: Simon Roughneen)

PHNOM PENH — Hundreds of thousands of Cambodians braved scorching sun in the capital on Friday to cheer Prime Minister Hun Sen and opposition leader Kem Sokha on the final day of campaigning ahead of Sunday (June 4) when strongly contested commune, or sangkat elections, are being held.

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Cambodia’s local elections seen as national test run – Nikkei Asian Review

Supporters of the opposition Cambodian National Rescue Party in Siem Reap on May 25 (Photo: Simon Roughneen)

PHNOM KROM, Cambodia — Cambodians will vote on June 4 in municipal, or commune, elections widely seen as a gauge for how the both the ruling and opposition parties will fare in national elections scheduled for next year. Twelve parties are vying for the support of nearly 8 million voters in 1,646 communes across the country. The main contest will be between Prime Minister Hun Sen’s Cambodian People’s Party and the biggest opposition group, the Cambodian National Rescue Party, which ultimately hopes to end the CPP’s long run at the helm of government. Only those two main parties are contesting every seat, but smaller groups such as the royalist Funcinpec — as well as the League for Democracy, led by the outspoken Khem Veasna — have realistic hopes of winning seats. Cheang Vannak, a motorcycle mechanic, voted for the CPP in the last national elections in 2013, helping the governing party to a narrow win over the CNRP in a disputed contest. But nodding toward a CNRP party logo on a motorbike parked at the entrance to his roadside garage near Phnom Krom in western Cambodia, he indicated that this time his vote would go to the opposition.

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Pods vie to tempt Southeast Asia’s coffee drinkers – Nikkei Asian Review

Coffee plantation on the hills close to Ermera in East Timor (Photo: Simon Roughneen)

JAKARTA — Southeast Asia hosts some of the world’s leading coffee growers and exporters, such as Indonesia and Vietnam, the world’s fourth- and second-biggest producers respectively. Neighbors such as East Timor, Laos, Myanmar, the Philippines and Thailand are home to smaller coffee-growing regions. Their beans have typically been for export. Many end up in cups in countries such as the U.S., the biggest importing country, and Italy, the third-biggest importer, according to the United Nations Food and Agriculture Organization. Italy is also the home of espresso, the strong and sometimes bitter caffeine shot that for many drinkers is the quintessential coffee pour. Now, coffee consumption is on the rise in what were mainly exporting countries of the region, and the race is on to see which kind of coffee will lure would-be local drinkers.

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Booming Southeast Asian vehicle sales drive urban congestion – Nikkei Asian Review

As car sales increase in Myanmar, traffic jams are increasingly common in Yangon, the biggest city and commercial center of the country (Photo: Simon Roughneen)

JAKARTA — Vehicle sales in Southeast Asia are set to outpace all other regions of the world during 2017, according to industry research, highlighting surging economic expansion in some parts of the region. But the growing number of new cars and trucks in urban centers is likely to worsen commerce-stifling traffic jams in major cities such as Bangkok, Jakarta and Manila — adding urgency to much needed transport infrastructure upgrades throughout much of the region. BMI Research — part of Fitch Group, a financial information company — has forecast that total vehicle sales in the Association of Southeast Asian Nations will grow 8.1% in 2017, a marked increase in the combined 3.1% car sales growth the previous year across the 10 ASEAN countries, and more than double the sales growth rate of 3.7% projected for Asia as a whole in 2017. “Looking at passenger cars specifically, we expect Cambodia, the Philippines and Vietnam to be the best performing autos markets in the ASEAN region in 2017 with forecast growth of 20.4%, 19.2% and 18.0% in passenger car sales respectively,” BMI said in a recent report on the sector, citing “solid economic growth, strong private consumption and tax reform” as drivers of the car sales spike.

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Pence softens Trump’s trade talk during Indonesia visit – Nikkei Asian Review

U.S. Vice President Mike Pence addresses American CEOs in Jakarta on April 21 2016, flanked by Indonesian counterpart Jusuf Kalla (Photo: Simon Roughneen)

JAKARTA — During a visit to Jakarta on April 21, U.S. Vice President Mike Pence diluted some of the anti-trade rhetoric espoused by his recently-elected boss, President Donald Trump, saying that his country and Indonesia “can and will do more to expand commerce.” “We seek trade with Indonesia that is free and fair,” Pence said, adding that “we seek to create a win-win trading relationship for both of our nations and all of our people.” His comments mark a change in tone from the zero-sum views on trade coming from the White House under President Trump, rhetoric that prompted Washington to compile a list of 16 countries — including Indonesia — that have trade deficits with the U.S. Pence, who was on the second day of a visit to Indonesia after stopovers in South Korea and Japan and before heading on to Australia, announced that American companies, including ExxonMobil, General Electric and Lockheed Martin, would sign “11 major deals worth more than $10 billion” in Indonesia.

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