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Rising Giants - October 2023 Newsletter
🚀Rising Giants Cambodia Newsletter - 3 Market Insights, 3 Growth Stories and 3 Job Opportunities
3️⃣ Key Market Insights on Cambodia
🥇Cambodia = 1st in Southeast Asia, 14th globally
Visual Capitalist puts out this great graphic on the top 20 highest growth economies globally in 2024. In Southeast Asia, Cambodia, Vietnam and Philippines are the bright spots. Overall, Asia Pacific and Sub-Saharan Africa are the standout winners making up 17 of the top 20.
📈Cambodia’s Stock Trading Accounts Project to Double in 2024 After Launch of New API Linkage & Planned Online Account Opening Platform
Cambodia Securities Exchange is recording a surge in trading accounts, already growing by 31% year-on-year to reach a total of 43,974 at the end of Q3 2023. This number is projected to almost double in 2024, adding between 30,000 to 50,000 new trading accounts.
3 major themes from the BRAVE <> RG podcast:
Personal Journeys in Cambodia: Max and Dom's partnership began during the constraints of the pandemic, an unusual yet serendipitous connection.
Unpacking Cambodia's Market: They discuss how Cambodia is often overlooked in the broader Southeast Asia narrative.
Advice on Navigating Cambodia: Max and Dom emphasize the indispensable virtues of patience and courage. They share that success in this market hinges on deep-rooted local connections, genuine engagements with the local populace, and an authentic alignment with the market's reality over its perception.
3️⃣ Key Growth Stories in Cambodia
The panelists, including Bora Kem – Mekong Strategic Capital, Jaspreet Singh – Global 5 Venture Capital, Tomas Pokorny – Eurocham Digital and Technology Committee, weighed in on critical aspects such as pitch quality, emerging sectors for investment, and the role of technology and sustainability in attracting venture capital.
10 startup pitches on the day: Jalat Logistics, Morakot Technology, Workingna, Sala, Kotluy, Tech for Kids Academy, MeetDoctor, Jobify, Samai Distillery, CheckinMe
BookMe+ has partnered with RunWithSai to deliver an unforgettable experience at the Kep Sea-Mountain Run and 70th Independence Day Celebration in November. In a landmark collaboration, BookMe+, Cambodia's new booking platform, has announced the strategic partnership with RunWithSai, a renowned Cambodian artist and event organizer, for the highly-anticipated celebrations, scheduled for November 12 in Kep.
Thai Beverage (ThaiBev) has announced it will invest more than $108 million to construct a new brewery in Cambodia, with the capacity to produce five billion liters a year. The brewery, which is listed as an ASEAN food and beverage company in Singapore, has a production capacity of about 50 million hectoliters, equivalent to five billion liters per year.
3️⃣ Key Job Opportunities in Cambodia
Business Development, Marketing, Sales and Finance Manager - CIR Recruitment
Local Experts, Global Recruitment Services: Your Strategic Partner for Talent Aquisition in Cambodia. Cambodia Investment Review is a close partner of Rising Giants; this is a great opportunity to join an early-stage team embarking on driving innovation in the HR sector in Cambodia.
Investment Analyst - IFC - International Finance Corporation
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record US$43.7 billion to private companies and financial institutions in developing countries. While the position is based in Phnom Penh, the Investment Analyst will be supporting the East Asia Pacific region, with a large concentration of work in Indonesia, Philippines, Thailand and the Pacific Islands.
Operations Manager - Buymed
Buymed is Vietnam’s top healthtech company having recently entered Cambodia. We improve healthcare quality and access for practitioners, patients, and all other stakeholders (pharmaceutical producers, distributors, logistics providers, and pharmacists) in between by using transformational technology. We are looking for an Operations Manager to join our team to drive strategic planning, facilitate execution, oversee finance, and manage our operations- all in the context of aggressively and efficiently growing our business.
💥 Rising Giant’s Highlights & Recaps
Rising Giants N.104 - Socheat Bin, Co-Founder, Pethyoeung Healthtech
Rising Giants N.105 - Christophe Forsinetti, Founder, OBOR Capital
Rising Giants N.106 - Lydet Pidor, Founder, Tech for Kids Academy
Rising Giants N.107 - Gabriele Faja, CEO, Soundskool Music, Producer, Madama Butterfly Opera
Rising Giants N.108 - Yulia Khouri, CEO & Founder, Animal Mama, Home of Heroes
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All the best, Max & Dom