by Guest9999 » Wed Jul 28, 2021 11:17 pm
Hi TeacherDom,
ACE might be fairly immune, but if so I don't think it is ONLY because "Their bread and butter was always milking the NGOs and that racket just goes from strength to strength." Certainly NGO's, Embassies, international scholarships and international business contracts are ACE;s current cushion and past bread and butter. However, by students numbers (not % of profit?) the huge majority of 2019 ACE students were not in those groups.
(Just my take on it) In the early 90's IDP was owned by Australian Uni's and colleges, primarily to bring students to Australia and export Australian training project expertise. Higher education was seen as a valuable target of Aus. Govt support and voters were behind it. R. Regan, Thatcher, and small gov promoters worldwide were winning Australia ditto. Higher ed. support was cut and IDP suddenly needed to earn $ to survive. ACE helped. Post conflict zones have unspoken for $$ floating around, and ACE tapped some of that. It did a good job doing a good thing. If it helped development $ burn rate, that was a big plus. Good work over 20 years = a solid Brand, a sellable brand. Ten years ago, half-ish (I don't know?) was sold. Then, the thought must have gone, if 5 or 7k students each paying around $1,000/year - on top of the income noted above - why not grow to 15- 40,000 private students paying that 1,000. Maybe someone else can say if ACE (Just Cambodia, not sisters in Vietnam and elsewhere) was taking in $50 million tuition/year by end 2019, but suffice it to say their national expansion plans were well on track.
Cambodian elite, like elite worldwide, got richer, asset wise, in this pandemic. The aspirational rich, mostly the reverse. ACE can't grow now, and their full plans will be delayed. Except when pompously spouting on an unread forum, I am often wrong, but I guess Vietnam and Cambodia will be doing well in 2023 and ACE's expansion will be revised, but moving forward.
Timing, hiring, and wages? No clear idea. Hence this thread.
Hi TeacherDom,
ACE might be fairly immune, but if so I don't think it is ONLY because "Their bread and butter was always milking the NGOs and that racket just goes from strength to strength." Certainly NGO's, Embassies, international scholarships and international business contracts are ACE;s current cushion and past bread and butter. However, by students numbers (not % of profit?) the huge majority of 2019 ACE students were not in those groups.
(Just my take on it) In the early 90's IDP was owned by Australian Uni's and colleges, primarily to bring students to Australia and export Australian training project expertise. Higher education was seen as a valuable target of Aus. Govt support and voters were behind it. R. Regan, Thatcher, and small gov promoters worldwide were winning Australia ditto. Higher ed. support was cut and IDP suddenly needed to earn $ to survive. ACE helped. Post conflict zones have unspoken for $$ floating around, and ACE tapped some of that. It did a good job doing a good thing. If it helped development $ burn rate, that was a big plus. Good work over 20 years = a solid Brand, a sellable brand. Ten years ago, half-ish (I don't know?) was sold. Then, the thought must have gone, if 5 or 7k students each paying around $1,000/year - on top of the income noted above - why not grow to 15- 40,000 private students paying that 1,000. Maybe someone else can say if ACE (Just Cambodia, not sisters in Vietnam and elsewhere) was taking in $50 million tuition/year by end 2019, but suffice it to say their national expansion plans were well on track.
Cambodian elite, like elite worldwide, got richer, asset wise, in this pandemic. The aspirational rich, mostly the reverse. ACE can't grow now, and their full plans will be delayed. Except when pompously spouting on an unread forum, I am often wrong, but I guess Vietnam and Cambodia will be doing well in 2023 and ACE's expansion will be revised, but moving forward.
Timing, hiring, and wages? No clear idea. Hence this thread.