Monday, September 01, 2008

Kith Meng and Sun Chanthol: Are they good role models for Cambodians?

Kith Meng
Sun Chanthol
Fertile frontier

Monday, September 01, 2008
Yoolim Lee and Netty Ismail
The Standard (Hong Kong)


Kith Meng grew up in Australia as an orphan and a refugee from Cambodia's genocide. He tells of washing dishes and mowing lawns to make ends meet while living in Canberra. Being a poor outsider made him stronger, he says, and unusually driven.

Back in Cambodia since 1991, Kith Meng has built his Royal Group into an empire that owns Cambodia's biggest mobile phone company and television network and is developing a US$2 billion (HK$15.6 billion) resort and casino on a fishermen's island on Cambodia's coast.

The country's most successful businessman, he supports Prime Minister Hun Sen and benefits from his ties to the government, which granted the 99-year lease on the island for his resort.

Black-and-white photographs of Kith Meng's parents adorn one wall of his office in the capital city of Phnom Penh. They starved to death during Pol Pot's reign, when Cambodia's fertile countryside became the killing fields - two victims among the 1.7 million, or 20 percent of the population, who perished.

Kith Meng fled the terror, first to a refugee camp in Thailand and then, in 1981, to Australia. "Suffering is my mentor," he says.

Thousands of former refugees, with their own harrowing stories, have returned to Cambodia, and now investors hoping to profit in the next frontier market - a term Standard & Poor's coined for economies smaller or less developed than traditional emerging markets - are coming to the country, too.

The entrepreneurial drive and technical skills the
returnees bring with them from overseas are breathing life into the economy.

Three decades after Pol Pot exterminated the country's educated classes and emptied its cities, Cambodia's gross domestic product is just US$8 billion a year.

Political and business leaders are grappling with poverty, inadequate health care, poor education and a lack of roads in this nation of 14 million.

"The trick with a frontier market is getting the timing right," says Douglas Clayton, who founded Leopard Cambodia Fund last year and is raising US$100 million to invest in real estate, banking and agribusiness. "Cambodia is really a discovery story - and it's being discovered." Cambodia grew 9.5 percent a year from 2000 to 2007, the fastest pace in Asia after China, which expanded 9.9 percent a year. Political stability under the administration of Hun Sen, has helped the Cambodian economy take off, says Bretton Sciaroni, chairman of the American Cambodian Business Council in Phnom Penh.

Hun Sen, whose Cambodian People's Party won a landslide victory in July's parliamentary elections has run the country since 1985.

An opposition leader has alleged manipulation of voter rolls, and the royalist party that shared power in the 1990s has been reduced to two seats in the legislature.

Clothing exports and tourism have buoyed the tiny economy. A 1994 law to open the country to foreign investors has encouraged some to put money in. Approved foreign direct investment rose to a record US$4.4 billion in 2006, according to the Cambodian Investment Board. Investors can own 100 percent of a company, and they face no restrictions on taking money in and out of the country - in contrast to China or Vietnam.

From 1994 to 2007, foreign exchange reserves expanded 16-fold to US$1.6 billion. Cambodia is scheduled to open its first stock and corporate bond markets by the end of next year.

The country is now outpacing Asia's other frontier markets in Bangladesh, Laos, Mongolia and Myanmar, says Clayton. Cambodia is represented by just one company in the S&P/IFCG Extended Frontier 150 Index.

"Cambodia is Vietnam 8 to 10 years ago and Thailand 20 years ago," says Marvin Yeo, the co-founder of Phnom Penh-based Cambodia Investment & Development Fund.

He says the boom will move fast in Cambodia, because it's a smaller country than Thailand or Vietnam and has more pro-business policies.

Investors face many hurdles - not just the risk of getting in late. In a report this year, the World Bank and International Finance Corp. ranked Cambodia 145th out of 178 countries as a place to do business. The assessment weighed criteria such as how difficult it is to register property, secure credit or move goods across borders. In Transparency International's 2007 survey of perceptions about corruption, the Berlin-based watchdog group put Cambodia among the world's worst, ranking it 162nd among 180 countries.

As much as US$500 million a year is diverted from government coffers, the US Agency for International Development estimated in 2004 in its most recent report on the issue.

Hun Sen hasn't passed an anti- corruption law, despite pledging in 2003 to push it through the assembly. The leader says he wants to diversify the economy to ease reliance on textiles and tourism.

Clothing and other manufacturing account for 26 percent of the country's GDP, agriculture makes up 31 percent and tourism and other services 43 percent. The violence of Pol Pot's time, and the uncertain years that followed, have left the country to this day without the factories, roads and bridges needed to make and move basic supplies.

"Other than bricks, we have to import pretty much everything," says Jung Myung Sik, a representative of South Korea's World City, which is constructing a US$2 billion complex called Camko City near Boeung Kak Lake, a 20-minute drive from Phnom Penh's central district. Camko City, modeled on a successful satellite city outside Seoul, will include the planned stock exchange, residential and commercial buildings, three schools and a medical center. Khaou Phallaboth, who returned to Cambodia in 1991, is among those trying to create the industry the country needs.

He spent some of his 20 years as a refugee in Paris and Brussels as a Buddhist monk and an artist.

He and his father, Khaou Chuly, have rebuilt the family construction business decimated by the Khmer Rouge. Khaou Chuly Group has set up a venture with Siam Cement, Thailand's biggest cement producer, to make 1 million tonnes of cement a year. Khaou Phallaboth plans to triple capacity to meet the country's demand of 3 million tonnes.

A third of the country's people still live on less than 50 cents a day. Eighty percent live in rural areas, and 60 percent of the population is younger than age 20.

Kith Meng owns a hotel on the banks of the Mekong River in Phnom Penh and is planning a boutique resort with India's Oberoi Group near Angkor Wat.

In his office overlooking the Royal Palace in one direction and Cambodia's first shopping mall in another, he flips through a 20-page document that outlines his island resort-casino plan, which will take more than a decade to complete.

Public Works and Transport Minister Chanthol Sun is another former refugee lured back by the chance to play a role in transforming his country.

He lost his mother and a brother when the Khmer Rouge drove the population out of the cities. The rest of the family managed to escape to a refugee camp in Thailand.

He had been sent to the US in 1973, escaping the violence with a one-way airplane ticket and US$50 in his pocket. After earning a master's degree in public administration at Harvard University in Cambridge, Massachusetts, he went to work at GE. Then came a call for help that Chanthol Sun decided he couldn't turn down.

The Cambodian government asked him to set up a Cambodia development council, and he came back in 1994 to the country of his birth.

"When I worked at GE, I worked hard for the shareholders, but who are they?" he says. "Here, my shareholders are men, women and children in the streets I see every day."

47 comments:

Anonymous said...

Yes they are role model. We should embrace them and thrive to be successful like them. It goes to show that you can start from the bottom and move up top.

http://mitleap.com

Anonymous said...

Boy, you do look like a monkey, because you do not know what the hell you are talking about when defining "success";also, I'm certain that you do not know and understand what success is, and what constitutes "success," Mr. 1:14 PM. Yes, you do look like a monkey, so do the rest of those you're presumably supporting.

Phnom Penh street boy

Anonymous said...

In Cambodia, Cambodian people are born into poverty and there is no way of escaping it!

It is amazing to me that only those successful Cambodian are from outside the country and what about those Cambodian who are living inside the country? Well! Those Cambodian people who are living inside Cambodia are treated as scum and useless people by AH HUN SEN Vietcong slave regime!

Until, Cambodian government is willing to invest and see the potential in its citizen and Cambodia will have only Kith Meng and Chanthol Sun to talk about!

Anonymous said...

if you have a brain the size of a goldfish's brain then you think kith meng is a role model.

Anonymous said...

Cambodia does not need a role model. Of course, this guy who so-called "role model" is a role model for the malignant cancer of corruption of Cambodia.

What Cambodia really needs is a REVOLUTION. Yes, PEOPLE REVOLUTION.

a REVOLUTION must take place to flush the old leaders and replaced with new ones.

Anonymous said...

They are indeed crimnals. The good citizens will not work with Hun Sen. They will either work with Sam Rainsy or stay out completely from Cambodia. You cannot find any good role model Cambodian with Hun Sen government. They are either mafia or criminals.

Anonymous said...

PEOPEL POWER TO THE PEOPLE CAMBODIA!

THE CAMBODIAN PEOPLE NEED A REVOLUTION!

THE PEOPLE NEED TO DISSEMINATE INFORMATION ABOUT PEOPLE POWER THROUGHOUT CAMBODIA. THIS IS THE ONLY MECHANISM TO BRING ABOUT CHANGES TO CAMBODIA.

SAY YES TO PEOPLE POWER!

Anonymous said...

Votre avis d'impôt sur le revenu Les premiers avis d'imposition seront distribués par voie postale à partir de la deuxième semaine d'août. Si vous n'êtes pas mensualisé, vous devrez régler le solde de l'impôt pour le 15 septembre au plus tard.
Taxe foncière 2008 Vous êtes propriétaire d'un bien immobilier ? Vous avez jusqu'au 15 octobre pour payer votre taxe foncière
Succès confirmé pour la déclaration en ligne La campagne de déclaration en ligne des revenus s'est achevée le 24 juin à minuit pour les contribuables domiciliés en France. Près de 7,4 millions de déclarations ont été enregistrées comme l'an passé.
.................................
*Création d'entreprise
*Cession et reprise
*Développement de l'entreprise
*Orientation et formation
*Apprentissage
*Information juridique et économique
*Développement international,export/Import
*Foire,salon,congrés.
TPE-PME-PMI
*Commerçant de proximité
*Grande entreprise
*Créateur
*Cèdant
*Repreneur
*Salarié
*Elève,apprenti,étudiant
*Acteur public etc....

http://fr.youtube.com/watch?v=KHb_K_tOS6k&feature=related

Anonymous said...

I would like to thank Cambodia Mekong Bank, Canadia Bank, Singapore Banking Corporation (SBC Bank), and Union Commercial Bank (UCB) that cooperate with each other to increase ATM access to Cambodian people.



Cash-Out ATM can save a lot of time to Cambodian; however, Cash-In ATM is even more important to save Cambodian lives as people can put in money or cheque at ATMs after working hours which is not so new to other countries such as Canada with 30 million population.



Cash-in ATM is not only save life but also can bring happiness to thousand business people who worry about the increasing robberies in city.


Recently, some foreign exchange shop lock their doors leaving s small room for operating their businesses.


Whoever can bring Cash-In ATM first to Cambodia, they will be the hero in Cambodian ATM history.


Ana Nov

Anonymous said...

yes, They're role model. A cancer role model.

Anonymous said...

Good people must stay out completely from Cambodia?
Don't you think that kind of people is so coward and has no responsibility for their ancestor and birth land? I guess we should not generalize everything or everyone just because we are too sure that our group or our side are so good.
The one who is calling for REVOLUTION, how long have you studied about what you want to do or what you suggest other people to do? This matter is related to a survival or downfall of a nation, so it is critically important to conduct a feasibility study very carefully before you decide to do that or call anyone to do that. Don't talk to please your feeling about revolution of Cambodia, make sure you won't scarify the life of million of people and make more people cannot stay in Cambodian land.

Anonymous said...

The success of Kith Meng and Sun Chanthol has made the price of rat meat quadrupled in Cambodia this year!

Thank you so much Kith Meng and Sun Chanthol!

Anonymous said...

Some of our so-called entrepreneurs are still basically compradores (intermediaries) for foreign companies. Some have helped these companies to employ Cambodians to produce and export (garments and shoes). Others have got rich by importing and selling to Cambodians foreign companies' products, paying little or no import duties. Other have turned parts of Cambodia into terra nullius (empty land) by emptying them of their inhabitants (forced eviction) for "development" by foreign companies.

We have yet to see the birth of entrepreneurs-exporters who sell Cambodia's products and produce abroad and help turn Cambosdians into competitive producers and transform our economy into an export-oriented one. Cambodians would then become both consumers and producers.

LAO Mong Hay, Hong Kong

Anonymous said...

KITH MENG IS NOW THE LOVER OF MADAM HUN MANA (DAUGHTER OF HUN SEN)

Anonymous said...

Is it why she divorced her husband?

She has nothing left, folks; money, of course.

Anonymous said...

Now, Bayon TV station can join CTN.
Yuk Chanda will be fired and replaced with new talk show host.

Yes, now it's time to let her go, since Meng is now with Mana.

Bye bye, Chanda.

Anonymous said...

In Cambodia, SMEs has very few opportunity to grow because of political and economical environment such as Monopoly, Land Price Increase (land speculation and money laundering), high interest rate, poor infrastructure, and low gov't incentive.

How can we blame other SMEs for not being successful in such environment?

Anonymous said...

May lightning strikes ah kwack fore head at noon time !!!!!!!!!!
Go to HELL ah kwack and his gang of scum bag ,retarded orang outang ....
Cambodia deserves better than THIS .

Khmer Young said...

I do absolutely agree with Lao Mong Hay that many Cambodian giant companies are making money and becoming rich because of dirty business-stole from the poor, or forced the poor to sell land, or evicted them out; and they sell those lands to foreigners. For example, Pheaphimix Co. Ltd. owned by Yeay Phu or other landlords who are closely intact with powerful man are traveling around Cambodia to speculate lands for sell to foreigner.

Their business to make their wealth is nothing else than just destroying the environment and lives of poor Cambodians.

In contrast, I do believe that three Cambodians mentioned in this article: Kith Meng, Phallaboth, as well as Sun Chantol would be the true businessmen who can bring light to Cambodia.

KY

Anonymous said...

Who is Kith Meng, a successful businessman in Cambodia today? Was he a real successful refugee and an orphan washing dishes in Canberra and latter became a millinair businessman in Cambodia?

But I heard a rumor that he killed his elder brother and family in a managed car accident in order to grip his brother's property...

Who can justify this rumor? Well, only himeself and the people who knew abouth this...

God is unfair to this world. The stronger eats the weaker. This is the world of wild human where we are struggling to live....

Poor country boy

Anonymous said...

Well .. I don't know where some fols got the info...
Hun Mana is the new lover of Kith Meng.
All I know is that Kith Meng is with the sister of Hun To.

Khmer Canadian

Anonymous said...

Puor Ah chunh-chuork chheam reastr Khmer.
Puork Ah neak mean knong pheap krei-kror reastr Khmer.
Puork Ah neay tun Tucharett!

Anonymous said...

Are you all fucking stupid? They are stealing from the poor! Cry me a river fuckfaces. You're just jealous. It's hard to see another Cambodian richer than you huh lol? Look at what the big corporation in America do. Wal-mart is the killer of all small business everywhere they go. It's called survival of the fittest, morons. In business, it's dog eat dog. It's do it or die. I thought you dumb fucks should know this already, having been to prestigious schools and shit.

Anonymous said...

If these criminals didn't committed any crimes, they wouldn't survived the killings of 1997 coup at all. Even they can surived, they wouldn't survive all kidnappings from 1997-1999 at all. Only criminals can surive businesses in Cambodia otherwise they would have killed,

Anonymous said...

Hun Sen should look for guy like Sun Chanthol as ministers. We need smart people to lead Cambodia.

The Cambodian government should reform the education system to produce qualified future generation.

Anonymous said...

Kith Meng brought a lot to Cambodia too with all the ATM machines, the KFC and Pizza Hut. These things seem small if you compare to industrialized countries, but for Cambodia it contributes to show the world that Cambodia is a safe place to invest.

Anonymous said...

I had a hard life just like these guys, I went through the same thing as them (the war, refugee in Thailand...).
Went to university and become IT engineer.
I do invest in Cambodia and make money. No I don't have tie with the government.

This is not a crime, business men do have ties with government. Even in the US it is like that.

You guys have make the difference between them and the corrupt generals that destroying literally the country, to get rich.

These guy should be models to the young Cambodian.

Anonymous said...

"These guy should be models to the young Cambodian."

My ass!
These guys are corrupted.

Anonymous said...

To all you cowards who live in the Wstern countries dole bludging, working cash in hands to avoid paying taxes, working as slave for someone else for the rest of your life. Once a while you go back to Cambodia thinking you are top shit! Grow up and go back to school and learn something about business. Business is business. And maybe after that you have the courage to come back and help our people in our homeland.

This guy Keth Ming is smart. He started off with nothing and now he has everything. I don't know how he got to be this rich along the way but I'm sure the guy worked hard. But it takes more than hard work, he must be clever too to maneuver and use things and people to his advantages (that's called BUSINESS).

Almost everybody in Cambodia is corrupt. Get a real!

Anonymous said...

Don't you know Oknha Ket Meng have HIV? He change his blood almost every year.

Anonymous said...

8:02 AM

You are his mother?

Anonymous said...

7:02 AM

Ah Tri don't generalize and boast to much.

Anonymous said...

Smart ass between black and white there is a spectrum in between.

Stop making a fool of yourself and start living in the real world.

Anonymous said...

Ah Tri 7:02 AM,

Ah Kirk Méng oy looy pongmang?
Suy muy-lay khav-peh hah!

Anonymous said...

Dear All,
You must understood that these two people have contributed to the cancerous corruption socitety and land grabs of Cambodia. If you want to look for role model, then you should value people like Mam Sonando, Pa Nguon Tieng, OU Virak, etc.. and etc.... I do applaud people who can make monies and getting rich. But we understood they make themselves rich? That is a question to ask? Cambodian have suffered for many decades from people who have made themselves riches from injustice and from illegal activities in which we have from Lon Nol to Pol Pot, Hun Sen until today. Areak Prey

Anonymous said...

8:22 AM
Just forget about what I said dumb ass.

Anonymous said...

Kith Meng,

Please bring Cash- In ATM to save Cambodian lives from robbery.

Please give opportunity to other Mobile phone to grow as well.

Mobitel is too corrupt! I lost my friend's number. They said I can't open the same number even the number is no longer exist in the system.
But they sold secretly to the deal for $120 for shit number.
Too corrupt!
Anyway, 016 and 011 help line is also abusive line as well.

Anonymous said...

Dear Kith Meng,

Please bring Cash- In ATM to save Cambodian lives from robbery as they can put money in their bank account anytime after work.

Please give opportunity to other Mobile phone to grow as well.

Mobitel is too corrupt! I lost my friend's number. They said I can't open the same number five months later even the number is no longer exist in the system.
But they sold secretly to a dealer for $120 for shit number.
Too corrupt!
Anyway, 016 and 011 help line is also abusive line as well.

Anonymous said...

9:34 AM

You can get help here.

http://www.mobitel.com.kh/ccc_contact_us.php

Anonymous said...

9:12 AM

You should call him old fart or

"eak jass".

LOL.

Anonymous said...

For Kith Meng he is rich because of his brother. His brother had a big contract with UNTAC for supplying office supply to the UN. This heritage came to Kith Meng to manage. Therefore, Kith Meng is not that smart if he didn't heritage a big junk of money from his brother. I can do it too if I have a lot of money to start. So It's not my role model and I don't admire this kind of role model who works with the corrupted government to enrich themself.

For Sun Chanthol, the Cambodian government didn't call him to get oppotunity in Cambodia. Ranarith who gave him that opportunity; now he turned his back from Ranarith to join Hun Sen. He helps to protect his father-in-law business. Khao Chuly is his father-in-law. He just graduated his master about 5 years back while he was under Ranarith. His master degree was a correspondent school. If not how could he attend school while he was working with Ranarith in Cambodia full time. His undergraduated degree was business. So why he joined politic in Cambodia? The answer is to protect the business interest for his father-in-law.

Good people and citizens who have good conscious won't work for the corrupted and bad guy like Hun Sen. Only the corrupted people like these two role models working for Hun Sen.

So why do Australia and US government IRS not to investigate these people who have a lot of money in the bank account and not paying taxes? Why the IRS comes after only the middle class people?

Anonymous said...

i think successful people, especially through good investment is always a good example for others to learn from. one of the key that makes a person successful is that he or she is different from the majority of the people. unique is the term for it. having an open-mind and be inquisitive about a lot of things is a good character to have. good to learn from successful people, despite how one may or may not like the person; it is the method that and good character that count. also, be pragmatic instead of be emotional helps too in doing business. god bless cambodia.

Anonymous said...

A bottom line we can check out how these two persons have their first moneys? They have to prove how they transfered their money from their country of residence to Cambodia. How they got their moneys from the first place?????????
Can you accepte people making moneys from drugs as your role model such as Oum Chhay?

Anonymous said...

Bravo Kith Meng! Fuck hard Hun Neng's daughter!

Anonymous said...

I've read everyone's comment and they're all very interesting thoughts from different people around the world.

The truth of the matter is that these people have risen from ashes to rich and fame. They deserve to be where they are now with the hard work they've put in.

If they evicted and takeover the poor's peple land - I don't agree as my heart goes out to the poor.

In the business world, to do business, there must be some strong connection with the customer and vendor you know. Without a strong connection the business success will not be as high and will not grow as rapid.

If some of you think the folks in the U.S are not doing any corruption then some of you may want to read or watch more news. Have you seen some of the CEO's for larger corporation get caught? Remember Enron? Remember MCI Worldcom? Remember Nortel Networks? The most recent even with the Governor in Chicago? And now with all the financial problems that the U.S is facing? These are all examples that there's corruption EVERYWHERE!! It doesn't matter if it's in Cambodia or in the U.S? Corruption is everywhere. Politics is everwehre, even amongst families!!

What I'm suggesting is that if Kith Meng and Sun Chanthol are smart they would use some of their riches and give back to the cambodian community. If they are indeed making their livings from the poor - They should help out as much as they can!!!

Anonymous said...

Chanthol Sun completed his Masters full time at Harvard after the coup in 1997. It was not done by correspondence.

Anonymous said...

two crooks they should go to jail