AEC Feed

Cambodia’s investment authority signed an agreement Thursday to promote and protect investments between the United Arab Emirates and Cambodia.
Government officials hope move will attract foreign direct investment from the oil-rich Gulf state, which stands at almost zero.
Sok Chenda Sophea, secretary-general of the Council for the Development of Cambodia, signed the investment protection agreement with Saif Alshamsi, the UAE ambassador based in Bangkok, Thailand.
Chenda Sophea said it “will send a positive message about Cambodia to UAE investors that are looking for business opportunities in Cambodia”.
“Currently, we do not have any UAE investment in Cambodia besides Emirates Airlines,” he said. 
“But by signing this agreement today I hope there will be more investment in the next three years.”
UAE’s minister of foreign affairs will visit Cambodia this year with a business delegation, he said. - The Phnom Penh Post

Globe Business powers Unilab with tailored connectivity
Globe Business recently customised an end-to-end communication solution for United Laboratories Inc (Unilab) of the Philippines that consists of 8,000 lines of mobility solutions and managed wide area network (WAN) connectivity.
The aim was to create a plan that specifically fits Unilab’s unique needs, including top-of-the-line mobile technology backed up by a robust network “since mobility and connectivity are now integral components in running business operations for forward-looking enterprises”, said Peter Maquera, Globe’s senior vice president for enterprise group.
Unilab is the leading pharmaceutical and healthcare company in the Philippines. Its portfolio is among the most trusted prescription, over-the-counter and personal care brands in the country.
For its part, Globe Business aims to help redefine how businesses like Unilab work, moving beyond technical functions, numbers and performance. 
Most importantly, Globe put its emphasis on “creating meaningful experiences for its clients, their customers, and ultimately, the nation,” said Maquera. – Philippine Daily Inquirer 

Five Malaysians firms on Forbes ‘Under a Billion’ list
Five Malaysian companies are among the top-200 publicly-traded companies in the Asia-Pacific region which are on Forbes 2017 “Best Under a Billion” list.
The five are Elsoft Research Bhd, Kerjaya Prospek Group Bhd, My E G Services Bhd, Pentamaster Corp Bhd and Vitrox Corp Bhd.
According to Forbes, the list honours the leading stock-traded companies in the Asia-Pacific region with an annual revenue of between US$5 million and US$1 billion.
“From a universe of 18,000 candidates, roughly 875 passed our criteria for profitability, growth and modest indebtedness,” it said.
The resulting 200 produced the highest sales and earnings per share growth for both the most recent fiscal one and three-year periods, and the strongest five-year average return on equity.
As for the Malaysian companies, four of the five companies are in the technology and technology-related industries, while Kerjaya Prospek is in the construction sector.– The Star 

Donaco International adds 100 tables to Poipet casino
Cambodia’s Casino operator Donaco International has begun installing approximately 100 new gaming tables at its flagship Star Vegas Resort and Club in Poipet, the company said in filing to the Australian Securities Exchange.
Star Vegas currently has 140 gaming tables, 1,500 slots and 385 hotel rooms. 
The addition of the tables follows last month’s announcement that the company signed a junket deal with marketing firm Vivo Tower Ltd to bring in players from Macau, Hong Kong and Malaysia. – The Phnom Penh Post