Japanese investment in Cambodia surges 10-fold this year.
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Japanese investment in Cambodia surges 10-fold this year.
Japanese capital flooding in to Cambodia
Wed, 27 July 2016
Hor Kimsay
Total Japanese investment in Cambodia under the Kingdom’s qualified investment project (QIP) scheme surged tenfold during the first half of the year, driven by Japan’s improved economy and a hefty capital injection by one of its biggest retail giants.
The Council for Development of Cambodia (CDC) approved a total of seven Japanese investment projects as QIPs during the first six months of the year, with total investment of $259.7 million, compared to just $22.3 million during the same period a year earlier.
Yasuhara Hiroto, head of the Japan Desk at the CDC, said while the number of approved QIPs was similar to last year, total investment soared as the result of Aeon Mall Co Ltd investing in construction of its second mall in Phnom Penh.
“This big investment in the first half is heavily dependent on the Aeon investment,” he said, declining to disclose Aeon’s share of the total. Aeon’s Cambodian office could not be reached yesterday for details on the investment amount, but the company previously said it sunk $205 million into building its first 108,000 square metre mall in Phnom Penh, which opened in June 2014.
Aeon’s second mall, currently under construction inside Pong Peay City on the northern flank of the capital, is set to cover more than 151,000 square metres of floor space...
Full article: http://www.phnompenhpost.com/business/j ... g-cambodia
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Re: Japanese investment in Cambodia surges 10-fold this year.
But is it enough to compete with China? Find out in tomorrow's episode of "Country for Sale".
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Re: Japanese investment in Cambodia surges 10-fold this year.
Light railway raised yet again at JICA meet
Mon, 5 September 2016
Jack Davies and Phak Seangly
Plans for a light railway system in Phnom Penh were discussed at a meeting between Public Works and Transportation Minister Sun Chanthol and Japanese International Cooperation Agency (JICA) regional director-general Yasushi Tanaka on Friday.
Chanthol confirmed the meeting yesterday but declined to comment further until plans were firmed up. “We don’t know . . . how much is to be spent and where the line will start,” he said...
http://www.phnompenhpost.com/national/l ... -jica-meet
Mon, 5 September 2016
Jack Davies and Phak Seangly
Plans for a light railway system in Phnom Penh were discussed at a meeting between Public Works and Transportation Minister Sun Chanthol and Japanese International Cooperation Agency (JICA) regional director-general Yasushi Tanaka on Friday.
Chanthol confirmed the meeting yesterday but declined to comment further until plans were firmed up. “We don’t know . . . how much is to be spent and where the line will start,” he said...
http://www.phnompenhpost.com/national/l ... -jica-meet
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