Monday, 31 August 2009

The Phnom Penh Post News in Brief

In Brief: Leopard raises funds
Monday, 31 August 2009
Steve Finch

AFTER reopening its investment fund last month, Leopard Capital announced in its August newsletter total capital had now reached US$28.55 million. The fund will close again at the end of September, it added. At the end of April, Leopard closed the fund after announcing it had raised $27 million, considerably less than its initial $100 million target that Managing Partner Douglas Clayton said had been revised downwards after the onset of the economic crisis. Clayton said in April he expected Cambodia's economy to rebound in a few years.


In Brief: Scotch whisky boost
Monday, 31 August 2009
Nathan Green

GLENMORANGIE aims to double its Cambodia sales of single-malt scotch every year over the "coming few years", Chief Executive Paul Neep said Friday evening at a tasting event at NagaWorld in Phnom Penh. He refused to disclose sales figures, citing "commercial sensitivity". Neep said the market for single-malt scotch was largely untapped in Cambodia, where blended whiskies dominate. He said the company - which distributes through Attwood Import Export Co in Cambodia - would focus on supplying hotels, restaurants and karaoke bars in an attempt to reach "opinion formers".

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