News

On February 25^th the German Business Group Cambodia (ADW) and the Global Business Network (GBN) Programme welcomed Mr. Crispian Tan, Senior Director SAP University Alliance Programme, in Phnom Penh. During an extended luncheon, representatives from the private sector, the Royal University of Phnom Penh, the Paññāsāstra University of Cambodia, the Paragon International University Cambodia, and the Institute of Technology of Cambodia discussed opportunities to close the gap between digital skills and market demand in Cambodia.

From February 18^th 22^nd the German Business Group Cambodia (ADW) and the Global Business Network (GBN) Programme co-facilitated the first German Training Week on project development. It was organized by the Project Development Programme (PDP), implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, in the framework of the German Energy Solutions Initiative of the German Federal Ministry for Economic Affairs and Energy (BMWi).

Würth and Bosch, two renowned German companies, are going to support the Polytechnic Institute of Banteay Meanchey Province by providing a range of modern tools and machines for its vocational training facilities. The initiators of the cooperation are the GIZ’s Regional Economic Development Programme (RED) IV and ADW – German Business Group Cambodia.

In 2018, Germany was the economy with the largest current account surplus as it was in the previous two years according to Ifo Institute for Economic Research. With 294 billion US dollars, the surplus represents 7.4 percent of the annual economic output. The German value is higher than the countries on position two and three combined – while Japan has a surplus of 173 billion US dollars, Russia’s value is about 116 billion US dollars. The USA is expected to hold the largest deficit again with about 455 billion US dollars, increasing by a further USD 5 billion compared to 2017.

On February 25^th, the German Business Group Cambodia (ADW) and the Global Business Network (GBN) Programme conduct a meeting and networking lunch with Mr. Crispian Tan, Senior Director SAP University Alliance Programme. From 10 am to 1 pm at Comme à la Maison – #13, Street 57, Phnom Penh – participants have the opportunity to learn about the programme introduced by the German company SAP which is the world leader in enterprise applications in terms of software and software-related service revenue. After the event, there is also the possibility for one-on-one talks with Mr. Tan.

From February 18^th to 22^nd, German Business Group Cambodia (ADW) and GIZ, a German development agency, conduct the German Training Week - Project Development (GTW-PD) in Phnom Penh. In this program, selected participants will have the opportunity to gain in-depth knowledge on technical, commercial and legal aspects how to develop rooftop solar photovoltaic (PV) projects that will attract international investors and meet lenders’ requirements to accelerate the realization of solar PV adoption. The training is part of the framework of the German Energy Solutions Initiative of the German Federal Ministry for Economic Affairs and Energy.

BASF, the world’s leading chemical company and operating in more than 80 countries worldwide with subsidiaries and joint ventures, inaugurated its first wholly-owned company in the kingdom – BASF (Cambodia) Co. Ltd. – on January 16^th. BASF has been active in the Cambodian market since 2014 through distribution partners. Now, the company’s direct presence in the market will offer potential Cambodian customers and stakeholders innovative solutions in a range of diverse industries.

Mrs. Somaly and Mrs. Kinnary Kong, are the new shareholders of Automotive Asia (Cambodia) Limited and the local distributor for Audi. Mrs. Kinnary Kong has become the Managing Director of the company.

The German Asia-Pacific Business Association (OAV) published the latest volume of its annual business handbook about the entire region. With a print run of 1,000 copies, it consists of current information about Asia in the fields of politics and economics. The Cambodian chapter was written by Dr. Markus Karbaum, General Manager of Dr. Karbaum Consulting & Coaching, who is the author of numerous economic and political analyses about Cambodia since 2003.

Tassilo Brinzer remains president of ADW – German Business Group Cambodia. The members attended also confirmed Thomas Hundt as vice president (left) and Marco Kalinna (right) as treasurer. All three board members were elected unanimously. Previously, the assembly expressed gratitude of their commitment so far and welcomed their willingness to continue their voluntary work.