Showing 1 - 8 of 8
Conflict undermines cooperation
Oped, David Jay Green, Published on 05/08/2025
» The long-standing border dispute between Cambodia and Thailand has again escalated to actual conflict. Dozens of people have been killed, more have been injured, and more than 170,000 people have had to flee their homes. Cross-border trade and tourism are on hold. As I write this piece, a fragile ceasefire is still in place, but we need more than this; we need an end to hostilities between the two countries.
Dollar at risk of being left behind
News, Jay Pelosky, Published on 04/08/2025
» Europe and Asia could leverage US President Donald Trump's "America First" strategy for their own benefit, eventually spurring the development of regional tripolar FX blocs that could erode the dominance of the US dollar and reshape global markets.
Key global asset trends to watch
News, Jay Pelosky, Published on 02/07/2025
» The war between Israel and Iran offered a real-time look at some new global cross-asset dynamics that can help investors understand the state of play in the first half of 2025 and what they can expect in the next six months.
It's time for investors to play the long game
News, Jay Pelosky, Published on 03/06/2025
» Investing, like golf, is a mix of both the short and the long game. In the wild first half of 2025, investors have mostly focused on the short game, but now that we appear to be entering a period of relative calm, investors can start looking much farther down the fairway.
Forget American exceptionalism, it's a tri polar world
News, Jay Pelosky, Published on 11/01/2025
» In 2024, the watchword in financial markets was "American exceptionalism", as the US economy and markets left the rest of the world in the dust. But as the calendar turns, it may now be time to remove these geographic blinders to consider the larger regional competition likely to reshape the global economy in the coming years. We may be in the midst of a long-term global growth cycle driven by intensifying competition in the critical areas of artificial intelligence, green technology, and security between the world's three dominant regions: the Americas, Asia and Europe. (It's what I refer to as the Tri Polar World.)
Cambodia bolsters tourism sector with tax incentives, emphasises human resource development moving forward
Jay Cohen & Robin Spiess, Published on 08/07/2020
» The landscapes, world heritage sites, and hospitality of Cambodia have drawn increasing numbers of visitors in recent years, and at the beginning of 2020 the country was primed to see the continued growth of its tourism sector well into the new decade. Early projections estimated that Cambodia would welcome greater numbers of tourists despite the worldwide economic slowdown, and projected tourism rates were in keeping with the Tourism Ministry’s lofty goal of attracting 11 million tourists annually by 2025.
Cambodia issues new rules on contracts and compensation
Jay Cohen, Director and Pichrotanak Bunthan, Associate, Tilleke & Gibbins Cambodia, Published on 07/07/2019
» In 2019, Cambodia’s Ministry of Labour and Vocational Training (MLVT) has been active in amending the Labour Law and revising long-standing practices. These amendments and revisions have brought much-welcome clarity to employers on requirements of the MLVT and interpretations of the Labour Law, and have further provided meaningful benefits to employees.
Cambodian Labour Law gets an overdue update: Employee seniority payment benefits enforced
Jay Cohen, Published on 04/03/2019
» Since its initial enactment in 1997, Cambodian Labour Law has remained largely untouched. However, with recent amendments introduced by the government in the past year, Cambodia's Labour Law is now witnessing the most significant changes in its 22-year history. Starting in mid-2018, a number of pro-employee initiatives were introduced in an attempt to bolster and improve Cambodian Labour Law and the benefits provided to the workforce. In brief, employers are now required to pay ongoing seniority payments to employees with open-ended employment contracts (referred to as "undetermined duration contracts"). In addition, those seniority payments must also be back-paid for time worked prior to 2019. These payments can be substantial--employees with fixed term contracts are entitled to five percent of the total wages earned during the duration of their contracts--and are accompanied by other major changes including a requirement to pay all employees twice a month, and the enactment of a pension scheme that is expected to be launched by the end of 2019.