Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Japanese bank sets up office

Japanese bank sets up office

One of Japan’s largest banks opened a representative office in Phnom Penh yesterday, targeting foreign, and especially Japanese, investors.

Takeshi Fukui, chief representative of the Mizuho Bank Phnom Penh representative office, said he intends to collect and provide information regarding Cambodia’s investment environment.

Mizuho Bank is the third Japanese mega-bank with a representative office, as opposed to an actual branch, in Phnom Penh. It joins Tokyo-Mitsubishi UFJ Bank and Simitomo Mitsui Banking Corporation.

Japanese investment in the Kingdom has picked up noticeably in the last three years.

Data from the Japanese embassy in Phnom Penh shows that stated investment in projects totaled $330 million in 2012, a big jump from the $75 million in 2011.

At the end of March, there were 115 members of the Japanese Business Association of Cambodia, compared to 101 at the end of 2012.

0

Comments

Please, login or register to post a comment

Latest Video

Khmer Rouge survivors react to First They Killed My Father

Angelina Jolie's First They Killed My Father depicts some of the atrocities committed during the Pol Pot regime. How did watching it feel for those who were alive at the time?

Cambodia's last tile masters: Why a local craft is under threat

Brought over by the French, painted cement tile making has been incorporated into Cambodian design for more than a century, even as the industry has died out in Europe.

Interview: Loung Ung, author of First They Killed My Father

The story of Loung Ung and her family’s suffering under the Khmer Rouge became known around the world with the success of her autobiography.