Vol 1, No 1, January - June 2024
Permanent URI for this collectionhttps://cam-ed-oar.com/handle/123456789/61
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Item Green, Social, and Sustainability Bonds in Cambodia: Status and Prospects in Q1 2024(CamEd Business School, June 30, 2024) Varabott HoThe Royal Government of Cambodia (RGC) is deeply committed to combating climate change and fulfilling its obligations under the Paris Agreement and the Sustainable Development Goals (SDGs). As the nation aims at significant climate adaptation and mitigation, financial strategies including Green Bonds are considered pivotal. Despite their potential, only a limited number of bonds have been issued, with none qualifying as Green Bonds, highlighting a major opportunity for growth and impact. The adoption of the Paris Agreement in 2015 marked a global consensus on reducing climate change effects, focusing on low-carbon initiatives such as Green Bonds. These bonds are part of a broader category known as Thematic Bonds, which fund projects with explicit environmental and social benefits. Despite their growing popularity, challenges such as high issuance costs and complex regulatory frameworks are notable, especially in emerging markets like Cambodia.Item Sihanoukville’s recovery and tax incentives – treating the disease and not the patient?(CamEd Business School, June 30, 2024) Clint O’ConnellTwenty-five years before he was elected president, a certain D.J. Trump appeared at Capitol Hill to complain that Congress had closed too many tax loopholes for the real estate industry2 ; “Real estate really means so many jobs… you create so many other things. They buy carpet. They buy furniture. They buy refrigerators. They buy other things that fuel the economy.”Item Opportunities and Challenges in Intellectual Property Rights Protection and Enforcement in Cambodia(CamEd Business School, June 30, 2024) Ly Tayseng; Sophorn PouvchannitaCambodia’s IP framework has undergone significant development in recent years to align with international standards and facilitate innovation-driven growth. Cambodia is a signatory to various international treaties and agreements, including the Agreement on Trade- Related Aspects of Intellectual Property Rights (TRIPS). At the time of Cambodia’s accession to the World Intellectual Property Organization (WIPO) in 1995 and the Paris Convention for the Protection of Industrial Property in 1998, the regulatory framework to protect IP in Cambodia was weak. After the accession, the Cambodian Government has enacted numerous laws and regulations to strengthen the protection of IP rights in order to attract foreign direct investment. Those laws include the Law Concerning Marks, Trade Names and Acts of Unfair Competition; Law on Copyrights and Related Rights; Law on the Patent, Utility Model Certificates and Industrial Designs; Law on Geographical Indications; Law on the Management of Quality and Safety of Products and Services; Law on Seed Management and Breeder Rights.Item Lessons in Cambodia’s Real Estate: RawOpinion of a Practitioner(CamEd Business School, June 30, 2024) Kevin LimWith political stability, Cambodia has opened to the world and has become one of the fastest growing-economies in Asia, with strong record of sustained GDP growth of over 7% in the past two decades prior to the COVID-19 pandemic in 2020, driven largely by export-oriented manufacturing, tourism and real estate developments. Geographically, Cambodia is located at a very strategic location within ASEAN. It is the central hub and gateway to ASEAN member nations. So, investing in Cambodia is to target the overall ASEAN market with 670 million populations. Cambodia also joined RCEP. Such regional integration laid a good foundation for Cambodia to boost its exports further through multilateral and liberalized trading system. Investors may also benefit from the bilateral Free Trade Agreements established between Cambodia and China and other ASEAN/RECEP member nations.Item The Growing Scope of Central Bank Mandates - Lessons for Cambodia(CamEd Business School, June 30, 2024) Pat BeckThroughout history, central bank mandates have evolved. Generally, these adaptations involve an increase in the scope of the aegis of the institution evinced through the refinement and addition of tools central banks possess. However, the arguments for the creation of central banks began with a need to help facilitate the funding and marketing of sovereign debt. Public debt management remains a central tenet of central banks today. In this early period, central banks were also tasked with issuing currency. Yet, over time, the banks began to be issued a wider range of responsibilities. (Redish, 2012)