Logo of Phnom Penh Post newspaper Phnom Penh Post - Japanese firms seek investments in water sector

Japanese firms seek investments in water sector

Content image - Phnom Penh Post
A delegation of Japanese companies is now in the Kingdom to explore investment opportunities in the clean water sector. Post Pix

Japanese firms seek investments in water sector

A delegation of Japanese companies is now in the Kingdom to explore investment opportunities in the clean water sector.

The delegation, composed of 15 firms represented by the Japan Overseas Water Business Association (Kowba), met with Minister of Industry and Handicraft Cham Prasidh on Tuesday.

Kowba is an organisation that promotes water business initiatives overseas through public-private partnerships in Kitakyushu city in Japan.

Kowba delegation head Koji Kubota told Prasidh that all 15 companies represented by the association have a wealth of experience in the clean water sector and are eager to invest in the Kingdom.

Prasidh welcomed Kowba’s interest in investing in Cambodia, and said the government will facilitate the process. He said the firms will have access to several tax breaks if they choose to invest.

“The ministry is prioritising the supply of clean water in cities, towns and rural areas and encourages the private sector to invest in clean water production,” he said.

According to data from the Council for the Development of Cambodia, foreign direct investment from Japan from 1994 to the first quarter of last year equalled $2.5 billion.

Most of that investment went into electrical appliances, electronics, automobiles, agro-processing equipment, and food-processing factories, as well as to build hotels, hospitals, and supermarkets.

MOST VIEWED

  • WHO: antibiotics cause more deaths

    Increased antibiotics use in combating the Covid-19 pandemic will strengthen bacterial resistance and ultimately lead to more deaths during the crisis and beyond, the World Health Organisation (WHO) said on Monday. WHO director-general Tedros Adhanom Ghebreyesus said a “worrying number” of bacterial infections were becoming

  • Children in poverty said to rise by 86M

    The UN Children’s Fund (UNICEF) and Save the Children warned that if urgent measures are not taken, the number of children living in poverty across low- and middle-income countries could increase by 86 million, a 15 per cent jump, by the end of the year. In

  • PM slams HRW ‘double standards’

    Prime Minister Hun Sen has chided Human Rights Watch (HRW) Asia director Brad Adams for keeping quiet over protest crackdowns in the US following the death of George Floyd in Minneapolis on May 25. Addressing reporters while inspecting infrastructure development in Preah Sihanouk province on Monday,

  • Four more UN troops infected by Covid virus

    Four more Cambodian Blue Helmet peacekeepers in Mali have been diagnosed with the novel coronavirus, bringing the number of infected Cambodian UN peacekeepers to 10. National Centre for Peacekeeping Forces and Explosive Remnants of War deputy director-general and spokeswoman Kosal Malinda told The Post on Tuesday

  • Huge tracks of undocumented land a concern for registration officials

    Siem Reap provincial deputy governor Ly Samrith expressed concern that land registration plans for residents scheduled to be completed by late 2021 could not be achieved because 80 per cent of the land had not been registered. Land dispute issues are a major factor that poses a

  • Bank robber of $6M asks to be released

    An accused bank robber who admitted to stealing $6 million has asked the Supreme Court to release him temporarily because he had returned the money. In a court hearing on Tuesday Chan Simuntha, 39, told the judge that on January 18, his wife Teang Vathanaknearyroth told him that