Sign up | Log in



Home  >>   Daily News  >>   Cambodia  >>Construction  >> Japanese construction taking flight in capital
NEW UPDATES Asean Affairs  3 August 2015  

Japanese construction taking flight in capital

Japanese construction investment approvals are ranked third this year, behind China and Korea, accounting for $108 million in approved projects, according to Im Chhun Lim, minister of Land Management, Urban Planning and Construction.

Speaking at the launch of Toyoko Inn Phnom Penh, a new Japanese hotel in the capital, Lim said that of the 32 registered Japanese construction companies in Cambodia, 23 had acquired licenses to conduct building activities.

“Japanese private investment in Cambodia demonstrates the confidence in the Cambodian government, also reflecting the reality of economic stability and development,” he said.

The $108 million in approved investments has resulted in over 354,000 square metres of construction across the country, he added.

Japanese investments in general, he said, have been spearheaded by companies like Minebea, Sunrise Health Care Services and Aeon among others.

Cheng Kheng, president of CPL Cambodia Properties Limited, said it was an encouraging sign that Japanese investors were looking at long-term investments in the Kingdom.

“I see with Japanese investors that when they do one thing, they have a detailed study, and are very careful, unlike Korean investments,” Kheng said.

Maiko Kuroda, CEO of Toyoko Inn Group, said the new hotel was a $10 million investment, excluding the land purchase, and has 329 rooms to accommodate guests.

“Toyoko Inn is not 4 or 5 star hotel, but an economic hotel chain, which is focusing on reasonable prices and living standards expectations of people all over the world,” she said.

According to a survey by Japanese External Trade Organization, 80 per cent of Japanese businesses present in the Kingdom said they expected to grow their operation in 2015.

Looking at the Kingdom’s neighbours, 66 per cent of respondents in Vietnam said they would increase their local operations, with the number reaching 64.7 per cent in Myanmar.

At the same time 80 per cent of respondents were skeptical of wage hikes, 79 per cent expected issues procuring raw materials, with 47 per cent asking for better customs clearance procedures.

Apart from private investments, the Japanese government has also been upping its footprint in Cambodia.

Prime Minister Shinzo Abe pledged a $160 million soft loan in March to improve National Road 5, which connects Phnom Penh to the Thai border.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           August 3 , 2015 Subsribe Now !
• Govt extends deadline on equity ruling Subcribe: Asean Affairs Global Magazine
• Myanmar rice exports may not be impacted by floods: official
• Japanese construction taking flight in capital
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Proposed 2016 Indonesia budget will lift spending by about 10 %
• PM confident 2015 goals are within reach
Asean Analysis                   July 24 2015
• Asean Analysis July 24, 2015
The Dual Policy Challenge of the South China Sea
Advertise Your Brand

Asean Stock Watch  July  28,   2015
• Asean Stock Watch-July  28, 2015
The Biweekly Update
• The Biweekly Update July 24, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand