Logo of Phnom Penh Post newspaper Phnom Penh Post - Tokyo FM is upbeat

Tokyo FM is upbeat

Tokyo FM is upbeat

C AMBODIA is making good progress on the economic front while its political leadership is more confident after a year in office, former Japanese foreign minister Michio Watanabe said on Oct 16, at the end of a three-day official visit.

"I have been very, very happy to be here. I have the impression that Cambodia had made much progress in economic reconstruction," Watanabe told Reuters. in a weekend interview.

Watanabe said if Cambodia could demonstrate continuing political stability and renew its shattered infrastructure, he was confident Japanese investors would view the country favorably.

"The wages are not very high so if the infrastructure could be reconstructed in Cambodia, I think that there are possibilities that Japanese investors will come," he said. He added he was encouraged to see the leaders of the two main political parties had established a good working relationship.

"In July there was a coup d'état, but the government succeeded in resolving this coup attempt," Watanabe said.

He noted that Cambodia was not a resource-rich country and said he thought the Japanese government would possibly increase its aid allocation to Cambodia.

Japan is the single biggest aid donor to Cambodia.

MOST VIEWED

  • 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

  • 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

  • Walmart plans to diversify stock of Cambodia goods

    Walmart Inc, the world’s biggest retailer, on June 22 reiterated recent plans to scale up and greatly diversify its purchases of Cambodian products, according to the labour ministry. This came during a virtual working meeting between Minister of Labour and Vocational Training Ith Samheng and

  • Cambodia detects new Covid cases after 52 days: PM

    After 52 days of zero new Covid-19 cases, Cambodia has now detected new infections, according to Prime Minister Hun Sen. In his special audio address to the nation late on June 28, Hun Sen said the new cases were detected on people who had undergone PCR tests

  • Cotton club growing in Battambang

    The global market for “vegan leather” – materials that act as alternatives to traditional leather that can be synthesised from cork, apple peels, cactus, recycled plastic, grape pomace and pineapple leaves, among other things, and supposedly require no chemicals or water to produce – is expected to