Slow year for Japanese investment

16 January 2014
The Phnom Penh Post
Economic policy and administration / Economy and commerce / Foreign investors / Government / International relations / Investment
Aeon Mall Co Ltd / Council for Development of Cambodia / Embassy of Japan / Japanese aid / Makoto Yajima / Sofitel Hotel / Takayoshi Kuromiya

The Japanese embassy is reporting a $280 million drop in Japanese investment last year, but officials were quick to say that the numbers don’t necessarily reflect slumping investor confidence in Cambodia.

Japanese investment in the Kingdom reached about $47.5 million in 2013, compared to $328 million in 2012, according to Takayoshi Kuromiya, counselor at the embassy of Japan in Phnom Penh.

Kuromiya said yesterday that the drop was natural after the “exceptionally large” investment amount seen in 2012, which included Phnom Penh’s soon-to-be-completed Aeon Mall on Sothearos Boulevard. Due to open in June, Aeon is valued at $205 million. …

 Hor Kimsay and Eddie Morton
http://www.phnompenhpost.com/business/slow-year-japanese-investment