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Sunday, 28 September 2014

Consumerism booms as Cambodia embraces once-forbidden capitalism

Chy Sila, CEO of CBM Corporation, holds his mobile phone while driving a car in Phnom Penh By Prak Chan Thul PHNOM PENH (Reuters) - Chy Sila has come a long way since he invested his $500 life savings in a small shop in Cambodia's capital to sell bootleg music and pirated movies. Fast-forward 16 years and Cambodians are now watching the films he distributes not on scratchy DVDs but in a $5 million multiplex theater, a joint venture with Thailand's Major Cineplex and the centerpiece of a new mall owned by Japanese retail giant Aeon that drew 2 million visitors in its opening month. ...








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