The old year comes to an end and we are entering the year 2562 of the Buddhist Era. It is also the year of the Earth Dog which promises economic changes and growth. It is supposed to be a good year financially to many. On this occasion, the German Business Groups ADW thanks all its members, partners, and friends for a successful cooperation in the past. We are looking forward continuing our trustful relationships within Cambodia’s business community in the future. For now, we wish you all wonderful holidays and memorable moments with your family and friends.
With Hellmann Worldwide Logistics, the German Business Group welcomes a further logistics specialist as its newest member. The company is a privately owned organization and one of the world’s leading forwarding and logistics providers, with a network of 443 offices in 157 countries. This network of offices and warehouses is supported by a fleet of 5,000 trucks, cooperation agreements with all major shipping lines and airlines, cutting-edge IT and communication systems in order to provide efficient and innovative solutions to a wide range of customers.
The German Business Group welcomes Experience Smart Change (ESC) from Siem Reap as a new member in April 2018. The company was founded in 2017 by Wolfgang and Anita Weiss who both lived the last ten years in Shanghai. Based on their longstanding expertise in consulting and business management, they offer turnkey solutions for management retreats, seminars, as well as team building and cultural activities.
In a comparative study that measures the best quality of life in the world, Germany is the only country with seven cities in the thirty best rated locations with Munich (3rd), Düsseldorf (6th), and Frankfurt (7th) in the top ten. With top-city Vienna (Austria) and runner-up Zurich (Switzerland), two more German-speaking cities offer the world’s highest quality of living and continue to remain attractive destinations for expatriates on assignment.
Shrinking spaces for opposition politicians and civil society organizations along with persistent economic reform bottlenecks and some declines in government performance caused a downgrade of Cambodia in the most extensive comparative global transition survey published by a German foundation on March 22nd. While Cambodia improved in just one indicator (“output strength”) in the Bertelsmann Stiftung’s Transformation Index (BTI), it worsened in eleven out of 49 in total.
Almost six months after general elections, Germany gets a new government. On March 14th, the majority of 709 members of parliament – the “Bundestag” – voted in for Angela Merkel’s fourth term as head of government. She will lead a coalition government consisting of Germany’s strongest political factions CDU/CSU (Christian Democrats) and SPD (Social Democrats) which also formed the last administration.
In its February 14, 2018 issue, the Phnom Penh Post raised the challenge of high costs of doing business in Cambodia which could jeopardize further investments. It quotes investors and company managers who called on the government to take immediate steps to lower logistics costs during a forum hosted by the European Chamber of Commerce (EuroCham) on Tuesday. The German Business Group (ADW) is a founding member of EuroCham in Cambodia. Building on this discussion, in an own statement Tassilo Brinzer, President of the ADW, underlines the importance of Cambodia’s seam- and frictionless integration into cross-border value chains.