Cambodia’s tourism sector looks set to pull in foreign investment

As foreign tourism booms in Cambodia, foreign-built resorts are on the rise due to amendments to the foreign ownership law that make provisions of up to 70% foreign ownership. According to the World Travel and Tourism Council (WTTC), Cambodia ranks sixth among 184 countries in terms of long-term tourism growth in the period from 2014 to 2024.

Cambodia’s attractions include its world-class archaeological sites, beautiful islands, long coastline and indulgence in gambling – an activity often prohibited in neighbouring countries. International tourist arrivals in Cambodia grew by 4.2% (year-on-year) as of August 2014. Foreign investors in Cambodia mainly hail from China, Singapore, Japan and Thailand.

New resorts and boutique hotels in Cambodia offer tourists a high standard of accommodation, allowing Cambodia to compete directly with other established tourist destinations.

Is Cambodia destined to be the next tourism hotspot?

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Breaking gender rules through video-gaming

Computer games have traditionally been developed with men in mind. Sadia Bashir from Pakistan is breaking with this tradition. She is the owner of PixelArt Games Academy and a member of Forbes’ 30 under 30 for Asia 2018. Working towards bridging the gap between industry demand and education by providing training in video game development, Sadia has been in the field since she was 13 years old. Intel is also working towards the same goal as Sadia, having recently invested USD300 million towards gender diversity in the gaming sector. Will the gaming industry embrace gender diversity? Read here more:https://www.spireresearch.com/newsroom/spirethoughts/breaking-gender-rules-through-video-gaming/

Spire shares business advice to start-ups on Indonesian market entry

On 17 July, Spire participated as a market advisor at the National University of Singapore (NUS) Market Validation Program in Jakarta, Indonesia. Jeffrey Bahar, Deputy Chief Executive Officer, Spire Research and Consulting Group held sessions with Singaporean companies planning to expand their business into Indonesia. Jeffrey pointed out the utility of high-tech approaches for start-ups entering Indonesia, such as online advertising, usage of the Internet of things (IoT), data analytics and even Artificial Intelligence (AI). These approaches enable starts-ups to bypass mature importer-principal relationships that may be hard to overcome through conventional means. He also shared with individual companies his thoughts on developing customized strategies for Indonesian market entry. Get more information : https://www.spireresearch.com/newsroom/events/spire-shares-business-advice-to-start-ups-on-indonesian-market-entry/

Ethiopia’s Strategic Cooperation with China

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Gazing into the crystal ball for 2020

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Success factors for developed economies

As economies continue to become more developed, what key factors constitute to success? Leon Perera, Chief Executive Officer of Spire Research and Consulting, shared his insights in Business Times – Singapore. With more developed economies on the rise, growth is essential through ecosystems that require adequate nurture to enable productivity, growth and innovation. It is equally important to maintain the entrepreneur spirit and innovation with a culture that supports unorthodox thinking, creativity along with risk-taking. Another key factor for economic success is the education system. The quality determines the ability to push future leaders, designers, inventors and thinkers to think out of the box and nurture innovation as well as entrepreneurship. Read more: https://www.spireresearch.com/newsroom/media/success-factors-for-competitive-economies/

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