CIMB says Local Investors Bring More Franchises to Cambodia
The steady growth of franchises from overseas is likely to continue as young, moneyed Cambodians seize the opportunity to bring name brands into the country, a bank official said yesterday. ... Hoping to help its customers and others invest in franchises, Malaysia-based CIMB Bank yesterday organized a talk on franchising at the Malaysian Embassy in Phnom Penh. … Thida Heng, CIMB head of retail financial services, said franchises were a reliable investment for young Cambodians looking to get into business and move away from property investments following the 2008 property crisis. … Food and drink franchises are gradually setting up in Cambodia, taking advantage of the market provided by an increasingly wealthy urban population. …
