Logo of Phnom Penh Post newspaper Phnom Penh Post - Japanese firms explore Cambodia after quake

Japanese firms explore Cambodia after quake

Japanese firms explore Cambodia after quake

A DELEGATION of Japanese companies are in Phnom Penh exploring opportunities in agriculture and tourism, though this month’s earthquake has impacted potential investment to the Kingdom.

Some 85 representatives from 49 Japanese Small and Medium Enterprises are touring the Kingdom, but more had been slated to come before the recent disaster struck, according to Shusaku Nakamura, Chairman of the International Investment Institute of Japan.

“Actually, there could have been a total of 120 businesspeople here if we didn’t have the earthquake – some have delayed their trips,” he said on the sidelines of a conference yesterday. “It is their first time seeking opportunities here [in Cambodia].

“They are from different sectors – food processing, agriculture, restaurants, and the construction industry.”

Speaking at yesterday’s conference, Minister of Commerce Cham Prasidh said he encouraged Japanese firms to invest in the Kingdom, highlighting the duty-free status many Cambodian exports enjoyed abroad. Larger Japanese firms often take years looking at markets before making investment decisions, while investors from countries such as China were already coming to Cambodia, he said. He said smaller Japanese firms – such as the conference attendees - may have more flexibility to make decisions.

MOST VIEWED

  • ‘Education’ a priority traffic-law penalty

    A top National Police official on June 21 neither rejected nor confirmed the authenticity of a leaked audio message, which has gone viral on social media, on a waiver of fines for a number of road traffic-related offences. General Him Yan, deputy National Police chief in

  • Siem Reap’s $18M zoo said to educate public, help wildlife

    Angkor Wildlife and Aquarium Co Ltd has invested $18 million in a zoo in Siem Reap province, which will be opened in October to educate and promote animal conservation as well as attract national and international tourists. Currently, the Angkor Wildlife and Aquarium is building the

  • Volunteer scheme to foster ‘virtuous’ humanitarian spirit

    A senior education official said volunteer work contributes to solidarity and promotes a virtuous humanitarian spirit among the youth and communities. Serei Chumneas, undersecretary of state at the Ministry of Education, Youth and Sport, made the comment during the opening of a training programme called “

  • Chinese firms unveil preliminary results on metro, monorail for capital

    Minister of Public Works and Transport Sun Chanthol and representatives from China Road and Bridge Corp (CRBC) and its parent company, the state-owned China Communications Construction Co Ltd (CCCC), met on June 24 for talks on results of the firms’ preliminary study on a potential metro

  • Nestle’s debut may spur dairy market

    Leading confectionery manufacturer Nestle plans to invest in Cambodia by setting up an operation in the near future, a move majorly hailed by local dairy farmers as a means of boosting the fresh milk market in the Kingdom. During a visit by a delegation led

  • ACLEDA, WU to enable global money transfers

    Cambodia's largest commercial bank by total assets ACLEDA Bank Plc and global money transfer firm Western Union (WU) have partnered to offer customers cross-border money transfers to 200 countries via “ACLEDA mobile” app. In Channy, president and group managing director of ACLEDA, said the June 22 agreement