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NEWS UPDATES Asean Affairs    12  July  2016  

Japanese investor acquires local MFI

Cambodia: A Japanese businessman has acquired a majority stake of microfinance company Farmer Union Development Fund (FUDF) and plans to expand its lending to the real estate sector as well as small- and medium-sized enterprises, he revealed yesterday.

Takahashi Akihiro said he purchased a 90 per cent stake in FUDF, which he has renamed as Atom Capital Microfinance Institution and now manages as its chief executive officer. He said the National Bank of Cambodia approved the transaction in April, though declined to disclose the amount he paid for the share.

“I’ve always been interested in the financial industry, so I was sure the business of lending money in Cambodia was a huge potential market for me,” he said.

“Mergers and acquisitions are not so popular in Cambodia yet, but are becoming a good and fast way for foreigners to get into business here.”

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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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