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Northfield President Andy P. Lim Received Inaugural Canadian Multicultural Council – Asians in Ontario (CMC) Community Leadership Award

Recognized for Outstanding Contributions to Community Development and Multicultural Advocacy in Ontario. Northfield & Associates is proud to announce that President Andy P. Lim has been honored with the prestigious Community Leadership Award by the Canadian Multicultural Council – Asians in Ontario (CMC). Presented during the Annual CMC Asian Heritage Month Gala on May 29, 2022, in Richmond Hill, Ontario, this award celebrates the remarkable achievements and contributions of Asian communities across the province.

Award Overview

The Community Leadership Award recognizes individuals who exhibit exceptional dedication to promoting multiculturalism and fostering community growth. Presented by the CMC in partnership with various Asian cultural groups, this honor highlights the lasting impact of recipients’ efforts on individuals and communities throughout Ontario.

Quote from Andy P. Lim

“It is an incredible honor to receive this award from the Canadian Multicultural Council. I am deeply grateful for the support of my colleagues, the community, and organizations that have allowed me to contribute to the development of a more inclusive, vibrant, and multicultural Ontario. This recognition is not just for me but for the entire team at Northfield & Associates, whose collective efforts have helped drive change in our communities.”

Why This Award Matters

The CMC Asian Heritage Month Awards celebrate the diversity and achievements of Ontario’s Asian-Canadian community. Andy Lim’s receipt of the inaugural Community Leadership Award reflects his unwavering commitment to social equity, cultural understanding, and community empowerment. His leadership at Northfield & Associates has consistently embodied these values, enhancing the province’s multicultural landscape.

Key Achievements of Andy P. Lim

  • Leadership in Multicultural Advocacy:
    Andy has championed initiatives that promote cultural integration, celebrate Asian heritage, and advocate for equity in business and social spheres.
  • Mentorship & Community Empowerment:
    He has mentored countless individuals, fostering the development of future leaders and empowering them with tools for success.
  • Contributions to Economic Development:
    At Northfield & Associates, Andy has spearheaded efforts to support Asian entrepreneurs, strengthening Ontario’s multicultural economy.

The CMC Asian Heritage Month Awards Gala

The Annual Gala in Richmond Hill celebrates Asian culture, showcasing the contributions of leaders, artists, and organizations. The event brings together changemakers and includes presentations, performances, and networking opportunities aimed at enhancing cultural understanding and community impact.

Closing Statement

Northfield & Associates congratulates Andy P. Lim on this prestigious recognition and looks forward to continuing its mission of fostering a more inclusive and prosperous future for all communities in Ontario.

A special thank you to Senator Victor Oh for his kind congratulations and unwavering support. Your leadership in the Senate of Canada is an inspiration to us all, and your encouragement strengthens our collective efforts to build a more inclusive and multicultural society.

About Northfield

We are a dynamic consulting firm dedicated to global success, with expertise in Business, IT, legal, real estate, and international education. Our team empowers businesses and individuals while supporting institutions and students in navigating higher education challenges.

Northfield specializes in student visa consulting, guiding aspiring international students through application processes, visa compliance, and institution selection to study in Canada. We also build partnerships with Canadian universities to ensure access to world-class education.

Committed to client success, ethical practices, and community impact, we are your trusted partner for business growth, academic opportunities, and global success.

Forward-Looking Information: 

This news release contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information. 

This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. 

Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the failure to finalize negotiations concerning the increase of the Loan or to close such transaction and the failure of the Company to complete the acquisition of the Company Facility; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; unavailability of plant, equipment or labour; inability to retain key management and personnel; changes to regulations or policies affecting the Company’s activities; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s amended annual information. 

Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

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Immigration info

How to work in Canada after graduating there

How to work in Canada after graduating there

Living and working abroad is a great way to gain valuable work experience while immersing in another culture – especially in a country like Canada!As an exciting Metropolitan city brimming with opportunities from the energy and manufacturing sector, Canada is one destination many students seek to continue their career in.Through exposure to international workplace culture, you gain a deeper understanding of the workings of global corporations and gain more insight working with a diverse group of colleagues and clients. With such a great host of benefits, there’s no doubt that it is worth expanding your horizons and embarking on an exciting career in Canada after graduating from a school there!

Want to work in Canada?

Now that you have graduated, working in Canada may be on your horizon. While the work permit application process may seem daunting, don’t worry. The process isn’t as complicated as it looks. To ensure that your application process goes smoothly, here are some crucial facts and information you should be aware of before applying for a post-graduate work permit.

#1 Having completed (minimally) a two-year programme in university, you are eligible for a 3-year work permit.

#2 Based on the latest guidelines, as an international student, you have to apply for a work permit within six months (180 days) of graduation.

#3 While it can take up to five months to secure a job, here’s the good news – with 551,000 job vacancies in Canada, your job prospects are better than ever.

However, getting a long-term visa is still a concern for international students. It may also be challenging to assimilate into a new workplace culture and language.

Here at Northfield & Associates, we can streamline this entire process for you by sharing with you our tips and tricks on securing employment and residency in Canada! With all the necessary information on immigration and jobs, you will be able to go about the entire process confidently and quickly.

If living and working in Canada post-graduation floats your boat, read on to learn more about securing a post-graduation work permit.ASEAN’s collective market size is formidable. The region’s strategic location, coupled with its robust economic growth rates, presents a lucrative opportunity for businesses. Over the past decade, ASEAN has averaged an annual GDP growth rate of around 5%, outpacing many developed economies. This growth is driven by a burgeoning middle class, increased urbanization, and a youthful population with rising disposable incomes.

About the Post Graduation Work Permit (PGWP)

How to qualify

According to Canadian Immigration, these are the requirements for Canada work permit eligibility.

  • Studied full time in Canada in a program for at least eight months
  • Graduated from a public or private post-secondary institution, or a private institution authorised by the provincial statute to confer degrees
  • Apply for a work permit within 180 days of receiving written confirmation of completing a study program
  • Received notification of eligibility to obtain a degree, diploma or certificate
  • Possess a valid Canada study visa or Canada study permit

Benefits of PGWP

Obtaining the PGWP allows you to get that valuable work experience in Canada.

If you have plans to live in Canada in the long-term, your work experience can help you to obtain permanent residency through Express Entry.

By working in Canada full-time for 12 months, you will be able to apply for PR through the Canadian Experience Class.

Otherwise, getting the PGWP allows you to work in Canada on a 3-year work permit. This will enable you to immerse in Canada’s culture and get some international work experience to boost your CV.

How to increase your chances while still in school

As an international student, it also helps to take up internships in Canadian companies during your school holidays, to be more familiar with their working culture.

Doing so will increase your chances of obtaining your PGWP and take you a step closer to your dream of working in Canada.

Ready to Take the Next Step Towards Working in Canada?

Before you go to Canada, you might want to find out more about studying and living there, and what better than to book an appointment with one of Northfield & Associates’s expert counsellors. They are experienced in providing useful advice to help you kick-start your study abroad journey.

Northfield & Associates can help you study in Canada! We offer free education counseling: from school application to pre-departure activities. Book an appointment with an Education Counselor to get started.

About Northfield

Northfield & Associates is a consulting firm and a trusted advisor on business strategy in Cambodia. We specialize in the key global sectors, including

  1. agribusiness , aviation and automotive, energy, natural resources, financial services, healthcare, infrastructure, real estate and information technology. Industry Solutions, Service Line and Global & Regional Services.
  2. clients get access to in-depth knowledge in key sectors and a suite of legal services.
  3. legal, financial management, risk assessment, real estate, IT]
    and enablement of organizations strategies. We partners with array of clients to reach new frontiers and cross uncharted organizations territories. We would work across various sectors in both the private and public, including government domain and focus on strategic, operations, organization and change.

Forward-Looking Information: 

This news release contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information. 

This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. 

Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the failure to finalize negotiations concerning the increase of the Loan or to close such transaction and the failure of the Company to complete the acquisition of the Company Facility; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; unavailability of plant, equipment or labour; inability to retain key management and personnel; changes to regulations or policies affecting the Company’s activities; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s amended annual information. 

Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Categories
Immigration info

Insurance in Canada to help protect your health

Insurance in Canada to help protect your health

It is essential to take the time to thoroughly consider and evaluate your insurance coverage options, as doing so can provide valuable protection for your health, safeguard your home from unforeseen risks, and ensure the security of your personal belongings against potential losses or damages.

Health insurance

The type of medical coverage available to you in Canada varies depending on where you live. All international students in Canada must have health insurance. If you are studying in a province where international students are not covered under a provincial health plan, you will need to organise private health insurance. You should research the health plans and insurance options available where you live as a priority.

Home and contents insurance

Home and contents insurance covers the building you live in and your belongings, such as your furniture, clothes and appliances. You won’t need to worry about building insurance if you are renting, but contents insurance can be helpful if you have valuable items that would be difficult to replace if lost or stolen.

About Northfield

Northfield & Associates is a consulting firm and a trusted advisor on business strategy in Cambodia. We specialize in the key global sectors, including

  1. agribusiness , aviation and automotive, energy, natural resources, financial services, healthcare, infrastructure, real estate and information technology. Industry Solutions, Service Line and Global & Regional Services.
  2. clients get access to in-depth knowledge in key sectors and a suite of legal services.
  3. legal, financial management, risk assessment, real estate, IT]
    and enablement of organizations strategies. We partners with array of clients to reach new frontiers and cross uncharted organizations territories. We would work across various sectors in both the private and public, including government domain and focus on strategic, operations, organization and change.

Forward-Looking Information: 

This news release contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information. 

This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. 

Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the failure to finalize negotiations concerning the increase of the Loan or to close such transaction and the failure of the Company to complete the acquisition of the Company Facility; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; unavailability of plant, equipment or labour; inability to retain key management and personnel; changes to regulations or policies affecting the Company’s activities; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s amended annual information. 

Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Categories
Immigration info

Finding friends, support: international student

Finding friends, support: international student

Make the best of Club Day

No matter what your interests are, there’s more than one person with those same interests on campus. Writing? School newspaper. Low-pressure sports? Intramural dodgeball. If your college or university hasn’t already had a Club Day (it’s normally during or shortly after orientation week), keep a look out. If Club Day has already passed, look for a list of clubs on your school or student union’s website. It’s a great way to meet like-minded people and pursue your passions outside the classroom. 

Get out of the classroom 

If you’re an extrovert and you’re reading this, you’ve probably already taken the plunge and attended a bunch of orientation week events. But even if you’re an introvert, take it from us: it’s worth going out to at least one mixer. You’ll probably find someone you want to talk to, and even if you don’t make any new friends, you can usually score some free snacks or drinks out of it. 

Find people who speak your language (literally) 

Canadians pride ourselves on our diversity, and that’s largely true. Nearly 450,000 international students come here every year, from all over the world. So if you’re feeling homesick, don’t worry: you’re probably not far from people from your home country. 

You might have already found them on campus, but if not, look for an international students’ association. They’ll often organize social events and be able to provide you with some tips on getting settled in Canada and where to find some comforts of home, whether that’s snacks or something as simple as the laundry detergent your parents use. 

Talk to someone 

Feeling homesick is hard, and it comes at an already difficult time, when you’re juggling your studies with life in a new country. Most colleges and universities have counsellors on staff to help, but here are some other resources for each province: 

● British Columbia

● Alberta

● Saskatchewan

● Manitoba

● Ontario

● Quebec

● New Brunswick

● Nova Scotia

● Prince Edward Island

● Newfoundland & Labrador

● Yukon

● Northwest Territories

● Nunavut

About Northfield

Northfield & Associates is a consulting firm and a trusted advisor on business strategy in Cambodia. We specialize in the key global sectors, including

  1. agribusiness , aviation and automotive, energy, natural resources, financial services, healthcare, infrastructure, real estate and information technology. Industry Solutions, Service Line and Global & Regional Services.
  2. clients get access to in-depth knowledge in key sectors and a suite of legal services.
  3. legal, financial management, risk assessment, real estate, IT]
    and enablement of organizations strategies. We partners with array of clients to reach new frontiers and cross uncharted organizations territories. We would work across various sectors in both the private and public, including government domain and focus on strategic, operations, organization and change.

Forward-Looking Information: 

This news release contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information. 

This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. 

Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the failure to finalize negotiations concerning the increase of the Loan or to close such transaction and the failure of the Company to complete the acquisition of the Company Facility; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; unavailability of plant, equipment or labour; inability to retain key management and personnel; changes to regulations or policies affecting the Company’s activities; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s amended annual information. 

Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

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Northfield News

Unlocking ASEAN’s Investment Potential: A Focus on Cambodia

The Association of Southeast Asian Nations (ASEAN) stands as a beacon of investment opportunity in the global economy. Comprising ten dynamic member states, including Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam, ASEAN boasts a diverse and rapidly growing market. This region, with a combined GDP of over $3.6 trillion and a population exceeding 650 million, offers vast potential for investors seeking growth and diversification.

Market Size and Economic Growth

ASEAN’s collective market size is formidable. The region’s strategic location, coupled with its robust economic growth rates, presents a lucrative opportunity for businesses. Over the past decade, ASEAN has averaged an annual GDP growth rate of around 5%, outpacing many developed economies. This growth is driven by a burgeoning middle class, increased urbanization, and a youthful population with rising disposable incomes.

Skilled Labor Potential

One of ASEAN’s key assets is its skilled labor force. The region has invested significantly in education and vocational training, producing a workforce that is not only large but also increasingly skilled. This talent pool is particularly attractive to industries ranging from manufacturing to services and technology. The emphasis on English proficiency in many ASEAN countries further enhances the region’s appeal to international businesses.

Government Incentives

ASEAN governments have been proactive in creating a favorable investment climate. Various incentives, such as tax breaks, reduced tariffs, and simplified regulatory processes, have been introduced to attract foreign direct investment (FDI). Additionally, the ASEAN Economic Community (AEC) aims to create a single market and production base, facilitating the free flow of goods, services, investment, skilled labor, and capital.

Spotlight on Cambodia

Among the ASEAN nations, Cambodia stands out for its aggressive pursuit of foreign investment. The Cambodian government has demonstrated a strong commitment to creating an investor-friendly environment through a series of reforms and incentives.

Government Initiatives

The Cambodian government has rolled out several initiatives to attract FDI. These include:

  1. Tax Incentives: Investors can benefit from tax holidays, reduced corporate tax rates, and exemptions on import duties for machinery and equipment.
  2. Special Economic Zones (SEZs): Cambodia has established multiple SEZs offering world-class infrastructure, streamlined customs procedures, and other facilities to support businesses.
  3. Investment Protection: Cambodia is a member of various international treaties that protect investors, such as the Multilateral Investment Guarantee Agency (MIGA) and bilateral investment treaties.

Young Labor Force

Cambodia’s demographic profile is another significant advantage. With a median age of around 25 years, Cambodia has one of the youngest populations in ASEAN. This youthful demographic provides a steady stream of energetic and adaptable workers, ideal for labor-intensive industries such as manufacturing and services. The government has also focused on enhancing the skill sets of its labor force through educational reforms and vocational training programs.

Conclusion

The ASEAN region, with its vast market size, skilled labor force, and favorable government policies, offers immense investment potential. Cambodia, in particular, exemplifies the region’s commitment to attracting and nurturing foreign direct investment. Its proactive government policies, combined with a young and dynamic workforce, make it an increasingly attractive destination for investors looking to tap into the growth potential of Southeast Asia. As ASEAN continues to integrate and grow, the opportunities for investors will only expand, making it a region to watch closely in the coming years.

About Northfield

Northfield & Associates is a consulting firm and a trusted advisor on business strategy in Cambodia. We specialize in the key global sectors, including

  1. agribusiness , aviation and automotive, energy, natural resources, financial services, healthcare, infrastructure, real estate and information technology. Industry Solutions, Service Line and Global & Regional Services.
  2. clients get access to in-depth knowledge in key sectors and a suite of legal services.
  3. legal, financial management, risk assessment, real estate, IT]
    and enablement of organizations strategies. We partners with array of clients to reach new frontiers and cross uncharted organizations territories. We would work across various sectors in both the private and public, including government domain and focus on strategic, operations, organization and change.

Forward-Looking Information: 

This news release contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information. 

This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. 

Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the failure to finalize negotiations concerning the increase of the Loan or to close such transaction and the failure of the Company to complete the acquisition of the Company Facility; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; unavailability of plant, equipment or labour; inability to retain key management and personnel; changes to regulations or policies affecting the Company’s activities; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s amended annual information. 

Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

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Northfield News

Northfield & Associates’ COO, Mr. Sam At An, Engages in Critical Real Estate and Construction Meeting

Northfield & Associates’ COO, Mr. Sam At An, Engages in Critical Real Estate and Construction Meeting

On June 21, 2024, Mr. Sam At An, the Chief Operating Officer of Northfield & Associates, participated in a significant meeting with the Cambodia Chamber of Commerce. This meeting was part of the 13th Private Sector Working Group on “Real Estates and Construction” under the Government-Private Sector Forum (G-PSF).

The session was presided over by HE Dr. Tan Monivann, Vice President of the Cambodian Chamber of Commerce and Co-Chair of the Private Sector Working Group. Also present were HE Oknha Nguon Meng Tech, Director General of the Cambodian Chamber of Commerce, alongside representatives from private companies in the construction and real estate sectors, and members of the International Chamber of Commerce.

Meeting Objectives

The primary goals of this meeting were:

  • To examine, discuss, and provide private sector input on the draft law concerning “Land Management and Urban Planning,” prepared by the Ministry of Land Management, Urban Planning and Construction.
  • To address new requests from the private sector and seek collaborative solutions with the Ministry of Land Management, Urban Planning and Construction.

Key Takeaways

Mr. Sam At An’s active participation underscores Northfield & Associates’ commitment to contributing to policy development and fostering industry collaboration. By engaging in this forum, Northfield & Associates ensures that stakeholder perspectives are incorporated into legislative processes, promoting sustainable growth in Cambodia’s real estate and construction sectors.

This meeting is a testament to the ongoing efforts to bridge public and private sector collaboration for the development of robust infrastructure and urban planning in Cambodia.

For more details, visit the Cambodia Chamber of Commerce’s Facebook page.

About Northfield

Northfield & Associates is a consulting firm and a trusted advisor on business strategy in Cambodia. We specialize in the key global sectors, including

  1. agribusiness , aviation and automotive, energy, natural resources, financial services, healthcare, infrastructure, real estate and information technology. Industry Solutions, Service Line and Global & Regional Services.
  2. clients get access to in-depth knowledge in key sectors and a suite of legal services.
  3. legal, financial management, risk assessment, real estate, IT]
    and enablement of organizations strategies. We partners with array of clients to reach new frontiers and cross uncharted organizations territories. We would work across various sectors in both the private and public, including government domain and focus on strategic, operations, organization and change.

Forward-Looking Information: 

This news release contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information. 

This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. 

Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the failure to finalize negotiations concerning the increase of the Loan or to close such transaction and the failure of the Company to complete the acquisition of the Company Facility; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; unavailability of plant, equipment or labour; inability to retain key management and personnel; changes to regulations or policies affecting the Company’s activities; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s amended annual information. 

Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

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Northfield News

Northfield Strengthens Trade with Cambodia’s Francophonie Department

Northfield Strengthens Trade with Cambodia’s Francophonie Department

Toronto, Canada, June 8, 2024 – Mr. That Soun, CEO, and Mr. Andy Lim, Chairman and President of Northfield & Associates, convened with Mr. Chan Bonira, Director of the Francophonie Department, and his delegation from the Ministry of Foreign Affairs and International Cooperation of the Kingdom of Cambodia.

The meeting focused on reinforcing the cooperation between Northfield & Associates and the Francophonie in Cambodia’s private business sectors. A key highlight was the Canada business network’s invitation to join the Rencontre des Entrepreneurs Francophones 2026, for which the Cambodian Chamber of Commerce has submitted its candidacy. Additionally, discussions covered Cambodia’s bid to host the upcoming Francophonie Summit in 2026.

Mr. Soun emphasized the significant role of both domestic and expatriate Cambodians in bolstering the national economy. The meeting underscored the importance of strengthening trade and investment ties between Cambodia’s private sector and Canadian markets, noting Canada as one of Cambodia’s largest trade partners. The dialogue encouraged Cambodian businesses to explore investment opportunities in Canada.

Despite the strong existing relationship, bilateral trade and investment between Cambodia and Canada remain limited. To address this, Mr. Andy proposed the establishment of a joint trade visit to Cambodia. This initiative aims to enhance economic cooperation and explore opportunities in various sectors, including agriculture, industry, manufacturing, healthcare, information technology, and the environment.

In conclusion, the recent meetings reflect Northfield & Associates’ proactive approach to strengthening Cambodia’s international business relations. By fostering partnerships with Cambodia, Northfield & Associates aims to enhance trade, attract investment, and promote sustainable economic development in both countries’ sectors.

About Northfield

Northfield & Associates is a consulting firm and a trusted advisor on business strategy in Cambodia. We specialize in the key global sectors, including

  1. agribusiness , aviation and automotive, energy, natural resources, financial services, healthcare, infrastructure, real estate and information technology. Industry Solutions, Service Line and Global & Regional Services.
  2. clients get access to in-depth knowledge in key sectors and a suite of legal services.
  3. legal, financial management, risk assessment, real estate, IT]
    and enablement of organizations strategies. We partners with array of clients to reach new frontiers and cross uncharted organizations territories. We would work across various sectors in both the private and public, including government domain and focus on strategic, operations, organization and change.

Forward-Looking Information: 

This news release contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information. 

This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. 

Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the failure to finalize negotiations concerning the increase of the Loan or to close such transaction and the failure of the Company to complete the acquisition of the Company Facility; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; unavailability of plant, equipment or labour; inability to retain key management and personnel; changes to regulations or policies affecting the Company’s activities; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s amended annual information. 

Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Categories
Northfield News

Mapletree Realty, a subsidiary of Northfield and Associates, Signs Landmark Memorandum of Understanding with OCIC

Mapletree Realty, a subsidiary of Northfield and Associates, Signs Landmark Memorandum of Understanding with OCIC

Phnom Penh, Cambodia, June 10, 2024 – Mapletree Realty, a subsidiary of Northfield & Associates, is thrilled to announce the signing of a significant Memorandum of Understanding (MoU) with Cambodian Investment Corporation (OCIC), a leading property development company. This strategic partnership aims to collaborate on a major investment project valued at over 100 million USD, marking a milestone in the real estate sector.

The MoU outlines the framework for cooperation between Mapletree Realty and OCIC, focusing on the development of innovative and sustainable property solutions. The partnership leverages Mapletree Realty’s extensive expertise in real estate consulting and OCIC’s robust experience in property development to create impactful projects that drive economic growth and community development.

Mr. Sam At An, CEO of Mapletree Realty, expressed his enthusiasm about the collaboration, stating, “This agreement with OCIC represents a significant step forward for Mapletree Realty. By combining our strengths, we are poised to deliver exceptional real estate developments that will benefit both investors and the local community.”

OCIC, renowned for its large-scale development projects, sees this partnership as an opportunity to expand its reach and enhance its project portfolio. Mr. Pung Kheav Se, Chairman of OCIC, highlighted the importance of this MoU, saying, “Our collaboration with Mapletree Realty is set to bring innovative and high-quality real estate projects to the market. We are excited about the potential this partnership holds for the future of property development in Cambodia.”

The investment project, encompassing residential, commercial, and mixed-use developments, aims to meet the growing demand for modern and sustainable living and working spaces. The combined expertise of Mapletree Realty and OCIC ensures that these developments will adhere to the highest standards of design, construction, and environmental sustainability.

This MoU underscores Northfield & Associates’ commitment to fostering strategic partnerships that enhance its subsidiary’s capabilities and drive growth in the real estate sector. It also reflects the firm’s broader mission of enabling organizations to achieve their full potential through strategic, results-driven consulting services.

As Mapletree Realty and OCIC move forward with this exciting partnership, stakeholders can look forward to a series of innovative projects that will redefine the real estate landscape and contribute to the economic development of the region.

About Northfield

Northfield & Associates is a consulting firm and a trusted advisor on business strategy in Cambodia. We specialize in the key global sectors, including

  1. agribusiness , aviation and automotive, energy, natural resources, financial services, healthcare, infrastructure, real estate and information technology. Industry Solutions, Service Line and Global & Regional Services.
  2. clients get access to in-depth knowledge in key sectors and a suite of legal services.
  3. legal, financial management, risk assessment, real estate, IT]
    and enablement of organizations strategies. We partners with array of clients to reach new frontiers and cross uncharted organizations territories. We would work across various sectors in both the private and public, including government domain and focus on strategic, operations, organization and change.

Forward-Looking Information: 

This news release contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information. 

This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. 

Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the failure to finalize negotiations concerning the increase of the Loan or to close such transaction and the failure of the Company to complete the acquisition of the Company Facility; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; unavailability of plant, equipment or labour; inability to retain key management and personnel; changes to regulations or policies affecting the Company’s activities; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s amended annual information. 

Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

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Northfield News

Northfield & Associates Spearheads Immigration Services Meeting for Enhanced Business Collaboration

Toronto, Canada, May 24, 2024 – Northfield & Associates, a renowned consulting firm, is thrilled to announce an upcoming immigration services meeting in collaboration with local business agencies in Toronto, Canada. This initiative aims to bring together private sector representatives, including Mr. Andy Lim, Chairman & President of Northfield & Associates, to bolster Ontario’s immigration competitiveness and facilitate travel visa, education, and temporary employment opportunities from the Kingdom of Cambodia.

Mr. Andy Lim outlined five pivotal points during the meeting, highlighting the crucial business collaboration between Northfield & Canadian agencies. These points underscore the benefits for companies associated with Northfield & Associates and emphasize the bilateral cooperation between Canada and Cambodia, particularly in addressing the shortage of labor forces in Canada.

  1. Support for SMEs: Northfield & Associates will assist small and medium-sized enterprises (SMEs) in identifying potential customers, suppliers, and innovation partners within the province, thereby enhancing their business growth opportunities.
  2. Economic Development: Economic developers can leverage Northfield & Associates to create manufacturing sector asset inventories, connect businesses to boost local economies, and showcase local supply chains to attract new investments.
  3. Industry Associations: Industry associations can identify new partnership opportunities and explore relevant manufacturing supply chains to promote growth within both countries.
  4. Ecosystem Partnerships: Various ecosystem partners, including colleges, universities, and non-profits, can collaborate with Northfield & Associates to identify opportunities with manufacturers from both countries, fostering the development of new products, processes, and innovative solutions.
  5. Individual Access: Individuals can access Northfield & Associates to discover Cambodia-made products and locate businesses to support local shopping, contributing to the prosperity of both countries’ economies.

This collaborative effort signifies a significant step towards strengthening business ties between Canada and Cambodia, paving the way for mutual growth and prosperity. Stay tuned for further updates on the outcomes of this promising initiative.

About Northfield

Northfield & Associates is a consulting firm and a trusted advisor on business strategy in Cambodia. We specialize in the key global sectors, including

  1. agribusiness , aviation and automotive, energy, natural resources, financial services, healthcare, infrastructure, real estate and information technology. Industry Solutions, Service Line and Global & Regional Services.
  2. clients get access to in-depth knowledge in key sectors and a suite of legal services.
  3. legal, financial management, risk assessment, real estate, IT]
    and enablement of organizations strategies. We partners with array of clients to reach new frontiers and cross uncharted organizations territories. We would work across various sectors in both the private and public, including government domain and focus on strategic, operations, organization and change.

Forward-Looking Information: 

This news release contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information. 

This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. 

Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the failure to finalize negotiations concerning the increase of the Loan or to close such transaction and the failure of the Company to complete the acquisition of the Company Facility; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; unavailability of plant, equipment or labour; inability to retain key management and personnel; changes to regulations or policies affecting the Company’s activities; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s amended annual information. 

Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

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Northfield News

Markham City Hall Meeting on Potential Project in Cambodia

Markham, May 17, 2024 – Northfield & Associates is pleased to announce a significant meeting involving Councilor Ms. Nathan of Markham City, Mr. Andy Lim, President, and Mr. That Suon, CEO of Northfield & Associates.

The meeting highlighted the potential for future business collaborations, building on a sustained period of international investment in strategic growth and talent, which has greatly benefited the firm.

Councilor Nathan emphasized the importance of this international partnership and expressed her interest in business collaboration with Northfield & Associates.

Mr. Andy Lim highlighted the potential impact of the collaboration and the importance of partnerships with experienced firms like Northfield & Associates.

Mr. That Suon shared his organization’s keen interest in contributing to the initiative. “We are honored to be part of this important initiative. Our team is eager to bring our expertise in business consulting, legal advisory, and strategic planning to support these goals.”

About Northfield

Northfield & Associates is a consulting firm and a trusted advisor on business strategy in Cambodia. We specialize in the key global sectors, including

  1. agribusiness , aviation and automotive, energy, natural resources, financial services, healthcare, infrastructure, real estate and information technology. Industry Solutions, Service Line and Global & Regional Services.
  2. clients get access to in-depth knowledge in key sectors and a suite of legal services.
  3. legal, financial management, risk assessment, real estate, IT]
    and enablement of organizations strategies. We partners with array of clients to reach new frontiers and cross uncharted organizations territories. We would work across various sectors in both the private and public, including government domain and focus on strategic, operations, organization and change.

Forward-Looking Information: 

This news release contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information. 

This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. 

Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the failure to finalize negotiations concerning the increase of the Loan or to close such transaction and the failure of the Company to complete the acquisition of the Company Facility; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; unavailability of plant, equipment or labour; inability to retain key management and personnel; changes to regulations or policies affecting the Company’s activities; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s amended annual information. 

Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.