Japanese bank to boost local investments

10 May 2013
The Phnom Penh Post
Banking and financial services / Economy and commerce / Investment
BTMU / BTMU’s managing executive officer / Canadia Bank / Canadia Bank chairman / Chea Serey / Chief Executive Officer / general banking supervision / Japanese aid / Japanese Ambassador to Cambodia / Japanese Bank of Tokyo-Mitsubishi UFJ / Japanese Business Association of Cambodia / Japanese companies / Japanese Embassy to Cambodia / Michael Lor / National Bank of Cambodia / Pung Kheav Se / Takami Onodera / Yuji Kumamaru

Japanese Bank of Tokyo-Mitsubishi UFJ (BTMU) signed an agreement yesterday with local Canadia Bank to shore up Japanese growth in Cambodia and to demonstrate its confidence in the Kingdom’s financial sector. BTMU’s managing executive officer, Takami Onodera, and Pung Kheav Se, chairman of Canadia Bank, yesterday signed the agreement with the intention of bringing more Japanese investors to Cambodia. … Japanese investment totalled about $330 million last year, a big jump from about $75 million in 2011. Furthermore, data from the Japanese Business Association of Cambodia show that there were 101 Japanese companies here at the end of 2012, an increase from 69 the year before. …

http://www.phnompenhpost.com/2013051065537/Business/japanese-bank-to-boost-local-investments.html