August 25, 2010
By Tim Johnston
Financial Times
Could frontier market Cambodia become a serious contender for Asian tiger status? The country certainly has a buzz about it: flights into the capital are filled with businessmen, the once rural outskirts of Phnom Penh are fast turning into one big construction site, and the roads of the city centre are gridlocked with Lexus four-wheel drives.
According to a UBS note to its clients today, the country is starting to make a roar, albeit small. And when it comes to manufacturing, Cambodia is fast becoming a ‘mini tiger’.
According to Jonathan Anderson at UBS in Hong Kong, Cambodia’s manufacturing base has significantly benefitted from the globalisation boom of the past decade.
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According to a UBS note to its clients today, the country is starting to make a roar, albeit small. And when it comes to manufacturing, Cambodia is fast becoming a ‘mini tiger’.
According to Jonathan Anderson at UBS in Hong Kong, Cambodia’s manufacturing base has significantly benefitted from the globalisation boom of the past decade.
The country has quietly established itself as a “mini-tiger” in textile processing and assembly, a fact generally overlooked by most investors including ourselves.So is Cambodia poised to take on official emerging market status? Not yet.
Pleaes click here to read more...
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