Subscribe Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Japanese firms eye Kingdom’s potential

Japanese firms eye Kingdom’s potential

Japanese firms eye Kingdom’s potential

Thirty-five companies from Japan explored business and investment opportunities in Cambodia yesterday, in what experts said was a search for relief from disaster at home and in Thailand.

Banking, financial and industrial business leaders from companies such as Toyota and Mitsubishi had met with Cambodia Chamber of Commerce (CCC) chairman Kith Meng and local businesses, CCC director-general Nguon Meng Tech said.

“[Japanese companies] want to know more about the climate for business opportunities because they want to expand investment and business co-operation between the two countries,” Nguon Meng Tech said, adding that some companies had enquired about Cambodia’s milled-rice export policy.

According to Cambodia’s Ministry of Commerce, bilateral trade between the two countries rose by 57 per cent year-on-year during the first six months of this year, hitting US$130 million from $83 million last year.

Total Japanese investment in Cambodia is projected to double between 2011 and 2012, according to the Japan International Co-operation Agency (JICA).

Japanese companies have been hit hard by natural disasters in Japan and Thailand.

According to Yuji Imamura, an expert with JICA, these companies now see Cambodia as a viable risk-management option.

“Japanese manufactures are now widening their production locations in order to hedge risks according to supply chain management,” he said in an email yesterday.

Japanese retailers are also eyeing the Kingdom. AEON, Japan’s biggest retailer, has announced a $150 million investment to construct a shopping centre in Phom Penh, according to Imamura. The centre is expected to open in early 2014.


  • Kak Channthy, Cambodian Space Project frontwoman, killed in crash at 38 [Updated]

    Updated 5:05pm, Tuesday, March 20, 2018 Kak Channthy, frontwoman of popular The Cambodian Space Project, was killed Tuesday morning in a traffic accident in Phnom Penh. She was 38. Channthy, the internationally recognised singer-songwriter also known as “Srey Thy”, was reportedly travelling in a tuk-tuk on the city's

  • Australians protest Asean summit visit by PM Hun Sen

    Hundreds of protesters gathered in Sydney’s Hyde Park on Friday to protest against Cambodian strongman Hun Sen, who claimed to have been gifted millions of dollars by the Australian government ahead of a special Asean summit this weekend. An estimated 300 protesters, the majority of

  • One Australian, one Cambodian killed in explosion at military base

    Updated: 5:20pm, Friday 16 March 2018 An Australian tourist and a Cambodian soldier were killed in an explosion on Thursday afternoon at an army base in Cambodia’s Kampong Speu province. The Australian, whom the government initially identified as a technical demining expert in his 40s, and

  • Peeling back layers of prehistory in Battambang

    When the man passed away, he had not yet reached 50. He belonged to a tribe that had settled near the Sangker River in Battambang province, likely cultivating the fields and raising animals. On the side, they hunted for boars, and even turtles, one of which