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New fund launches

New fund launches

THE Cambodia-Laos Development Fund (CLDF) officially launched Thursday, expecting to invest in 10 projects across the Kingdom during the next five years. Representatives for the US$10 million fund are already in discussion with eight companies in Laos and Cambodia, and have spoken to a total of 45 companies about potential investments, according to the fund manager. Joshua Morris, managing director of Emerging Markets Investments (EMI), who launched the fund, said that talks are under way with companies in business services, agri-processing, IT services, communication and education. He declined to name the businesses involved, citing confidentiality.

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