Cambodia Investment Review
Satori Giants, a Singapore-based early-stage startup investor, has announced its first investment in Cambodia by backing Jalat Logistics. This investment was made in partnership with X Venture Holdings (XVH) from Hong Kong, marking the completion of a seed round for Jalat Logistics, a Phnom Penh-based firm specializing in optimizing last-mile delivery services with a now valuation of more than $1 million.
Satori Giants, known for its unique approach that blends venture capital with venture studio practices, focuses on high-potential markets in Southeast Asia. Jalat Logistics, which provides efficient same-day delivery with end-to-end convenience for both parcel senders and recipients, is now set to benefit from this approach.
Investing In Ambitious Founders, SMEs & Technology-Driven Companies
Riz Aslam, CEO of Satori Giants, commented on the investment, saying, “We invest in ambitious founders, SMEs, and technology-driven companies that are revolutionizing old business practices. Jalat is a great example of an innovative business tackling a traditional sector to propel it into the 21st century. By making use of advanced technology to streamline same-day deliveries, Jalat is also lowering the cost per delivery and reducing the environmental footprint associated with logistics.”
Henry Maw, Chairman of XVH, expressed excitement about the collaboration, noting, “We are super excited to announce this investment as it aligns with our strategy to back tech-based ventures. In Jalat’s case, their all-in-one logistics management portal has the potential to become a leading player across the region. Furthermore, Jalat’s commitment towards operational excellence through its innovative mobile warehouse concept will further strengthen its ambitions to expand and scale quickly.”
The investment, valued at a seven-figure sum, aims to support Jalat Logistics’ long-term growth. The funds will be utilized for the vertical expansion of its services, scaling its warehouse operations, and preparing the company for international expansion. Sou Sreyphoung, Chairwoman of Jalat Logistics, emphasized the strategic importance of the partnership, stating, “We are happy to have Satori Giants and X Venture join us in this journey as we scale our business in and beyond Cambodia. We are committed to bringing innovation into our service, aiming for a standard same-day delivery that is reliable, convenient, and informative. Additionally, ‘flexibility’ in which businesses can ship with different speed and size options.”
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Source: Cambodia Investment Review
In a significant move, Cambodia last month started exporting pepper to China, its biggest trading partner, marking the successful culmination of year-long preparations for the shipments.
According to the Government-owned TVK television channel, 30 tonnes of black pepper were exported to Qingdao, China on April 10 and 20, 2024.
“Pepper is Cambodia’s first spice product exported to the Chinese market,” a Facebook post by TVK said yesterday. Cambodia’s pepper is recognized as one of the best-quality pepper in the world.
Another Facebook post by Sela Pepper Co. Ltd confirmed that its first shipment was despatched to China on April 20. A second shipment is scheduled to leave for China tomorrow.
Since the Chinese Embassy announced the move to buy pepper from Cambodia on May 12, 2023, it took almost a year of hard work to make it happen. The export of pepper to China is expected to considerably help the sector, especially the farmers.
While confirming the exports, Cambodia Pepper and Spices Federation (CPSF), yesterday, called it “a promising start with room for growth.”
“The recent launch of direct Cambodian pepper exports to China presents a significant opportunity for the Cambodian economy. China’s massive consumer base offers a new and potentially lucrative market for Cambodian pepper exporters,” Vannal Van, Executive Director of CPSF told Khmer Times in a message.
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Reporter: Manoj Mathew
Thailand has seen a rise in investment from Taiwan as the Southeast Asian nation seeks to build up its electric-vehicle and chip industries, even as it stays open for business with mainland China.
One of the newest symbols of this expansion is a plant by Taiwan's Delta Electronics in an industrial park in Samut Prakan province, east of Bangkok.
During a visit last moth, Prime Minister Srettha Thavisin said his government was happy to support the project, which is in line with the Ignite Thailand vision to promote the domestic EV industry in Southeast Asia's top auto producer. The government has offered tax incentives and other attractions for investment.
Delta's new plant will make equipment for vehicles and EV chargers. The roughly 3 billion baht ($82 million) facility includes a research and development center.
Delta's Thai subsidiary is listed on the Bangkok stock market and ranks among the top three companies in market capitalization. Growing geopolitical risks have pushed the Delta group to scale down production in China and expand investment in Thailand.
Srettha credited Delta for "bolstering Thailand's supply chain ecosystem" for EVs and said that the government will continue to provide support.
Elsewhere in Thailand's EV sector, iPhone assembler Hon Hai Precision Industry, also known as Foxconn, has joined forces with state-owned energy group PTT to build a plant that will manufacture EVs on contract. Taiwan's Kymco has partnered with PTT to roll out electric motorcycles in the Thai market.
Taiwanese companies are investing in Thailand's semiconductor industry as well. Circuit board maker Zhen Ding Technology and Thai conglomerate Saha Group will build a plant in Thailand's east. The first phase of the project is expected to cost 10 billion baht, with operations slated to begin next year.
Source : NIKKEI ASIA
DILI, Timor-Leste, April 9, 2024 — To facilitate cross-border trade and provide more transparent and predictable trade information for businesses, the Timor-Leste Ministry of Commerce and Industry today launched the Timor-Leste Trade Information Portal (www.tip.mci.gov.tl), which has been supported by the World Bank.
Through the portal, the government aims to make import and export activity easier and less costly. The portal is also intended to reinforce the country’s efforts to integrate into regional and global markets.
"The Timor-Leste Trade Information Portal aims to improve the country's business environment,” said Timor-Leste Deputy Prime Minister Francisco Kalbuadi Lay. “With access to the right information at the right time, local businesses will be able to confidently venture into regional and international markets —helping to diversify the economy and improve the life of our people through trade."
The web-based system provides a single source for all cross-border trade information. Over 165 laws, regulations, procedures, and other trade-related measures from 22 different government agencies are now accessible online. Businesses can also find licenses, permits, and applicable fees through the portal.
The portal is the latest government initiative to improve cross-border trade and create a conducive business environment and follows Timor-Leste's accession to the World Trade Organization (WTO) in February. The development of the portal complies with the WTO Trade Facilitation Agreement and is aligned with the country’s post-accession strategy. Once launched, the portal will also meet ASEAN National Trade Repository (NTR) requirements for transparency on trade laws and procedures in line with the ASEAN Trade in Goods Agreement (ATIGA) by providing.
"Trade is an important engine of growth for Timor-Leste," said World Bank Country Manager for Timor-Leste Bernard Harborne. " Having fast and easy access to trade information and procedures is crucial for traders and investors. The Timor-Leste Trade Information Portal is an essential piece of a larger, on-going effort by Timor-Leste to grow its private sector and create jobs and opportunities. The World Bank firmly supports these efforts."
It is hoped that a single, easily searchable platform containing all trade regulations and procedures will be especially useful to smaller enterprises interested in or involved in the import, export, and transit businesses. Another anticipated benefit from greater transparency is expected to be feedback from stakeholders about ways government could modernize and simplify regulations and procedures.
“The portal is an active response towards meeting the needs of the private sector,” said Chairman, Timor-Leste Chamber of Commerce – Jorge Serano. “We anticipate that it will greatly contribute to the ease of doing business and our members will be active users of the platform.”
As part of the World Bank’s engagement in Timor-Leste, the creation of the portal was supported by the Trade Facilitation Support Program, which is managed by the World Bank and funded by nine donor partners:
Australia, Canada, the European Commission, the Netherlands, Norway, Sweden, Switzerland, the United States, and the United Kingdom.
Visit: https://timor-lestetradeportal.com to find out more
Source: here