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Originally Posted by Glock
not the first time i heard something like this
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I have always maintain the role of any government is, well, to govern, not to compete with the entrepreneurs they
seemed so enthusiastic in cultivating.
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your friend's mistake is to NOT prepare beforehand to rope in somebody connected to get a cut . if for example he had made friends with the bank's senior staff and offered to cut them in from the beginning , his proposal might have been considered "on the merits" ( i am serious about using that term )
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Nailed it on the spot.
A good friend of mine explained, when I asked him to elaborate why he deems Laos a better environment for business, that the Laotians will ask you to mark up your selling price, while in Cambodia, you are asked for 'fees' upfront.
Now, the Laotians have a 'vested' interest to see you succeed in order to receive their 'cut'; on the other hand, you are on your own in Cambo, having your initial investment largely increased with no receipt to show for it and, worse, opened yourself to sabotage by business rivals or officials who find your ideas lucrative.