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NEWS UPDATES Asean Affairs     November 9,  2016  






Industrial park aims for SME segment

WorldBridge International Group will sink $25 million into developing an industrial park for small and medium-sized enterprises (SMEs) in Kandal province after signing a memorandum of understanding with the Ministry of Industry and Handicrafts on Friday, the company’s chairman said yesterday.

The industrial park, named the “SME Eco Park”, will encompass 4 hectares of land and aims to be a centralised hub for the manufacture and production of raw materials, including agriculture and food products, as well as providing packaging services and logistics support.

Rithy Sear, chairman of WorldBridge International Group, said this was one of the company’s first public-private partnerships, and WorldBridge would foot the bill for development while the ministry would help with licensing procedures and promoting the industrial park to attract SMEs.

“The SME park will bring a lot of value-added to locally produced products as companies will not have to spend on the startup costs and will only have to pay rent and purchase machinery,” he said.

He added that currently Cambodian products are not competitive due to fragmented supply chain dynamics, and that having a designated area with full-service capabilities would cut down on overhead.

While Sear declined to give a timeline for completion of the project, he said that if successful the model could be replicated across the country.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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