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Frangipani Hotels: Cambodia’s rags-to-riches success story

Din Somethearith, co-founder and executive director of Frangipani Villa Hotels, holds up a copy of Unfair Advantage, one of many self-help books on alternative methods of financial development and thinking by his favourite author, Robert Kiyosaki. Photograph: Stuart Alan Becker One of Cambodia’s true rags-to-riches success stories is that of Din Somethearith, co-founder and executive director of Frangipani Villa Hotels.Frangipani, named for the blossoming tree, is a chain of boutique hotels, one of which is located just off Street 178 at number 43, down a narrow lane which opens into an outdoor garden and dining area with adjacent hotel reception.A student of alternative financial thinking and an avid reader of self-help author and financial literacy activist Robert Kiyosaki, Din believes in 10-year rental agreements, focusing on the people, a stand against sex tourism and distinguishing between “good assets” and “bad assets”.“Cambodia was poor so I want to make my country better. I don’t want my country to be remembered as poor and for the Khmer Rouge.

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Din Somethearith, co-founder and executive director of Frangipani Villa Hotels, holds up a copy of Unfair Advantage, one of many self-help books on alternative methods of financial development and thinking by his favourite author, Robert Kiyosaki. One of Cambodia’s true rags-to-riches success stories is that of Din Somethearith, co-founder and executive director of Frangipani Villa Hotels.

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Frangipani, named for the blossoming tree, is a chain of boutique hotels, one of which is located just off Street 178 at number 43, down a narrow lane which opens into an outdoor garden and dining area with adjacent hotel reception.

A student of alternative financial thinking and an avid reader of self-help author and financial literacy activist Robert Kiyosaki, Din believes in 10-year rental agreements, focusing on the people, a stand against sex tourism and distinguishing between “good assets” and “bad assets”.“Cambodia was poor so I want to make my country better. I don’t want my country to be remembered as poor and for the Khmer Rouge.

 

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Asean

CLMV economies Outlook by EIC Q1/2021

Within the region, Vietnam’s economy is projected the fastest growth due to ongoing strong exports performance for electronics products and a resilient domestic economy.

Boris Sullivan

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The global recession and COVID-19 pandemic heavily affected CLMV economies in 2020, resulting in major slowdown in Vietnam and Myanmar whereas Laos and Cambodia faced economic contractions from additionally specific negative factors.

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Cambodia

CLMV’s economic growth crashes to two-decade low due to COVID-19

The COVID-19 crisis has caused the rate of economic growth in the CLMV bloc to be at its lowest in two decades, the CLMV economies could grow at 3.4 percent this year

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The COVID-19 pandemic is having a negative impact on CLMV economies through their dependency on foreign-sourced revenue from tourism and exports says KResearchCenter.

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Cambodia

Cambodia’s aid and investment affair with China

China is Cambodia’s biggest aid provider and Chinese investors hold almost a quarter of Cambodia’s total FDI stock. Distinguishing Chinese aid from investment is difficult, but there is no doubting China’s huge economic impact in Cambodia.

East Asia Forum

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The debate about China’s rapidly growing global investment and development financing footprint has focused on deciphering Chinese intentions — whether China aims to revise or maintain the US-led ‘liberal international order’.

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