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Two years running so at least we are keeping up the good work in beating Venezuela.phuketrichard wrote: ↑Wed Mar 11, 2020 8:35 pm
https://worldjusticeproject.org/rule-of-law-index/
Thailand comes in at 71, Burma 112, Vietnam 85
Absolute TRUTH!!!truffledog wrote: ↑Thu Mar 12, 2020 12:15 am Its such a deterrent to invest in Cambodia..even small scale. You are NEVER safe unless you know the guy with the biggest/most guns at hand. So many new investors still believing a business licence, a written lease or any other piece of paper will safeguard you in case of trouble. You stumble over so many interersting business opportunities while visiting the country (and I guess many more if you decided to live there permanently) but I guess I am not the only one who decided against putting any dolla down due to fears of beeing fkced up in a country missing rule of law.
I would never dare to give an expert advice but even as a regularly vsisiting tourist who made a few friends that had the ballz to invest (cafe/restaurants, guesthouses, media/guides, food processing, clothes store and book shop to name a few) my personal experience is failure of nearly all of them. Some were dumb (had money only, no other real intrapreneural skills) or did not have the necessary cleverness to run a biz but the majority of them lost business due to bigger red envelopes or were cheated by the partners (barang and local) with no real chance for a legal protection of their investment/interests. My 50 cents: Invest only the money you can afford to lose without changing your future life. Investing in Cambodia is a gamble with unknown payouts.
What "certain contingent" do you mean? Do you think the same people who had an interest in promoting the success of the Paris Peace Agreements are still in positions of power?John Bingham wrote: ↑Wed Mar 11, 2020 11:47 pm It's depressing to read a report like that. I don't believe it has any veracity. It's just the same old "bash Cambodia and hold them to higher standards " line that has been thrown at this country since the PRK and especially after UNTAC. There is a certain contingent that wants to make people believe that the Paris Peace Agreement brought peace to Cambodia. They deny that the factions only stopped fighting in 1998/9. Now they support reactionary and xenophobic divisive parties. Sure, things are not perfect here and the rich can buy impunity but to put this country at a lower rank than South Africa, El Salvador, Myanmar, Afghanistan, Pakistan etc is just ridiculous. Just below DRC? GTFOH you BS statisticians.
No one sane would dispute what you say about Cambodia, but the same is true of many countries so is Cambodia really any worse? You will get very similar tales of woe from people who have invested in some of the poorer EU countries, most African countries and most South American countries. the fact is foreign tourists and investors exist to be ripped off in the eyes of some indiginous people of many cultures. Cambodia is being held to higher standards because the west couldn't give a stuff. it has been written off as a vassall sattae of china beyound redemption. While the west considers places like Saudi and a lot of Africa for example as place they can make a buck they will continut to turn a blind eye to the exact same practices that happen in Cambodiatruffledog wrote: ↑Thu Mar 12, 2020 12:15 am Its such a deterrent to invest in Cambodia..even small scale. You are NEVER safe unless you know the guy with the biggest/most guns at hand. So many new investors still believing a business licence, a written lease or any other piece of paper will safeguard you in case of trouble. You stumble over so many interersting business opportunities while visiting the country (and I guess many more if you decided to live there permanently) but I guess I am not the only one who decided against putting any dolla down due to fears of beeing fkced up in a country missing rule of law.
I would never dare to give an expert advice but even as a regularly vsisiting tourist who made a few friends that had the ballz to invest (cafe/restaurants, guesthouses, media/guides, food processing, clothes store and book shop to name a few) my personal experience is failure of nearly all of them. Some were dumb (had money only, no other real intrapreneural skills) or did not have the necessary cleverness to run a biz but the majority of them lost business due to bigger red envelopes or were cheated by the partners (barang and local) with no real chance for a legal protection of their investment/interests. My 50 cents: Invest only the money you can afford to lose without changing your future life. Investing in Cambodia is a gamble with unknown payouts.
