Symbiotics - An economic boom is pushing Cambodians to demand a more just redistribution of the country’s wealth
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An economic boom is pushing Cambodians to demand a more just redistribution of the country’s wealth

Monday 10th, March 2014

Activists, particularly those from the textile industry, are demanding higher salaries. A first in country traditionally not inclined towards protests. Cambodia has seen 7% growth over the last 10 years.

Source: Le Temps english français
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Mr. Nyamsuren, an enterprising businessman from Ulaanbaatar, owns several lines of businesses in the production of building materials and freight forwarding. He used to work for a company that refurbished used shipping containers and transformed them into affordable shelters for the local market. Today, with his family, he runs a concrete manufacturing business that provides employment to more than 100 locals. For this business, he leases construction vehicles from Xac Leasing.

“Without many alternative options from financial institutions in Mongolia for the development of the construction sector, I am glad to still have the lifeline from Xac Leasing”

 

Mr. Nyamsuren, Mongolia