In his recent nomination hearing, incoming U. An example came in advance of the polls, when the U. Although U. In recent years, China has also provided support to the Cambodian armed forces in the form of military equipment including trucks, tanks, helicopters and aircraft, most notably when fighting broke out between Cambodia and Thailand near the Preah Vihear temple in A shipment of small arms from China arrived in Cambodia days after the disputed elections, and Chinese helicopters were used in the January crackdown on demonstrations in which five protesters were killed.
Among military analysts, there is speculation that if major conflict broke out in the South China Sea, Cambodia might allow China to use the Ream naval base for refueling purposes. The U. As a result, the U.
Meanwhile, there is little consensus among traditional development assistance providers on the way forward in Cambodia. For the medium term, one can expect that the CPP will be able to juggle relations in a way that will bolster its hold on power. We are likely to see Cambodia deepen its dependency on an increasingly assertive China.
As a hedging strategy, Cambodia is also likely to continue to strengthen its economic and security relations with some Western partners, as well as with South Korea and Japan.
Investor confidence in Cambodia suffered due to the upheaval caused by the July elections, but following the July agreement between the political parties, foreign and local direct investment in Cambodia bounced back. Such swings put political risk, along with corruption, among the top concerns for foreign investors in Cambodia.
It is easy to see why. Cambodia has a rigid, top-heavy political system. The base has called for change. Poverty rates have fallen precipitously, from Yet, the elections were a signal that the economic expectations of many Cambodians had shifted.
Without sufficient employment opportunities at home, Cambodians have increasingly flocked abroad in search of low-skilled work in Thailand, Malaysia and South Korea.
Roughly , Cambodians are believed to work in Thailand alone. According to data from the U. At the other end of the economy, foreign investors find human resource capacity-building a perennial concern also. Brett Sciaroni, the chairman of the American Chamber of Commerce in Cambodia, argued recently in a Phnom Penh Post op-ed that few Cambodians come out of tertiary education with the soft skills required to make Cambodia competitive enough for businesses to set up in the country.
While a significant segment of the population struggles to keep up, a much smaller but highly visible group of Cambodian elites has become extremely wealthy in the past two decades. Those who have become rich are not shy about displaying their wealth or status either, as evidenced by the enormous new villas that have sprung up in Phnom Penh and provincial capitals.
Phnom Penh, which has grown substantially in recent years and now has a population of about 2 million, is said to have around 60, Lexus SUVs on its increasingly crowded streets, most of them owned by senior government and military officials or wealthy businessmen.
The problem is not merely about conspicuous wealth or the redistribution of it—extensive patron-client relationships shape the overall economy. The result is that there are a lot of small businesses, relatively few medium-size enterprises, and a number of bigger conglomerates, often with monopoly positions in their sector. Contact your local Lexus dealer for details. If you're a Lease customer who is leasing or financing another Lexus, we'll waive the disposition fee on your current lease.
Offer to waive the disposition fee for qualifying customers in good standing on approved credit not all customers will qualify. Fee waiver available under other circumstances. Viewed 0. Lexus Pull-Ahead Program in Concord, CA If you are nearing the end of your Lexus lease, there's probably a chance that you have your eyes on another perspective Lexus model to lease after your contract is complete.
View Our New Lexus Inventory. How does the Lexus Pull-Ahead Program work? My experience is you'll see them only a couple of times a year for a brief time, so watch your mail and email for something from your dealer or manufacturer if you are in a lease. Don't just pitch it, it could be a very valuable message that could save you a lot of money.
One reason automakers do this is due to year model change. As I have told listeners for years, all cars turn a year older every September. Let's say that right now you have a Toyota Camry. Last month your vehicle was three years old, but since it is September, it is now a four-year old vehicle. If your lease was ending last month August , Toyota may have wanted your car back in early summer so it would be worth more and offered a pull-ahead offer. Looking ahead, I think it is likely we'll see more lease pull-ahead programs in the future.
Leasing has grown each year of the past five years and in the second quarter of ,
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