Japanese business leaders keen on investing in Cambodia

Japanese business leaders keen on investing in Cambodia

Friday July 20, 3:05 PM

(Kyodo) _ A Japanese government official said here Friday that Japanese companies are interested in making investments in Cambodia's natural resource sector.

 

Hirotoshi Kunitomo, director of the International Projects Office, Manufacturing Industries Bureau, of the Japanese Economy, Trade and Industry Ministry, spoke to Cambodian journalists at a roundtable discussion organized by the Club of Cambodian Journalists.

Kunitomo, a member of a 35-strong Japanese business delegation, said that in a meeting Tuesday with Cambodian Prime Minister Hun Sen, the two sides agreed to promote business cooperation between the two nations.

Members of the delegation were interested in making investments dealing with oil and gas, bauxite, garments, leather and foodstuffs, Kunitomo said.

The delegation was headed by METI Deputy Minister Kozo Yamamoto.

The mission is one of the outcomes of the recent signing of the Agreement for the Liberalization, Promotion and Protection of Investment between the prime ministers of Japan and Cambodia during Hun Sen's visit to Japan in June.

The delegation was to head back for Japan later Friday.

Raffles hotels in Cambodia bought

Raffles hotels in Cambodia bought

Phnom Penh, July 18: Kingdom Hotel Investments (KHI) in the Middle East has purchased the historic Raffles Hotel Le Royal in the Cambodian capital and Raffles Grand Hotel d'Angkor in Siem Reap for a total of $35 million, the media said Wednesday.

The two landmark hotels, built more than 70 years ago, will retain their names and continue to be managed by Raffles Hotels and Resorts, Beddy Suryana, the front office manager, was quoted by the Cambodia Daily as saying.

"Cambodia is an exciting new market for KHI. Demand for hotel accommodation in the region has grown significantly in recent years, and Cambodia has benefited from increasing tourism," Prince Alwaleed Bin Talal, who controls KHI, said in a statement.

Cambodia's tourism sector is among the fastest growing in the world with the number of tourists arriving over the last eight years growing at an average of 19 percent. --- IANS

Source:http://www.newkerala.com

 

Japanese investors arrive in Cambodia today

Japanese investors arrive in Cambodia today

Monday, July 16, 2007
Everyday.com.kh
Translated from Khmer by Socheata

The Japanese embassy in Cambodia said that a (Japanese) state delegation, and a large group of private Japanese companies will perform an official visit in Cambodia for 5 days from 16 to 20 July 2007. The visit of the delegation of Japanese investors is the result of the agreement signed on the liberalization and the protection of investment (trade pact) between Prime Minister Hun Sen and the Japanese Prime Minister during the former’s visit to Japan in June 2007. The Japanese delegation will include Kozo Yamamoto, the Japanese deputy minister of commerce and industry, and 30 Japanese company officials. The Japanese delegation will meet Hun Sen and several high ranking Cambodian government officials, and it will also visit the Sihanoukville port. 

Camko City Pictures...

Reply to Mr.vannara wongsi

Dear Mr. Vannara Wongsi,

Please check the pictures as follows:

Camko City Pictures:

Camko City Pictures:

 

Camko City model (Photo Pring Samrang, Cambodge Soir)

 

Picture from: http://www.car.gov.kh/gallery/camkocity/camkocity_en.asp



First Village to be sold soon...

Picture from: http://sopheak.wordpress.com/2007/05/

Dreamgate To Invest RM20 Mln In Cambodian Club

KUALA LUMPUR, July 4 (Bernama) -- Dreamgate Corporation Bhd plans an initial investment of US$6 million (RM20.454 million) in the Chateau De Bavet Club in Phnom Penh, Cambodia.

The club is expected to start operations in the second half of next year, Dreamgate's group managing director Datuk Chuah Kim Seah said in a statement Wednesday.

Through its wholly-owned subsidiary Macrocept Sdn Bhd, Dreamgate has acquired a 40 percent stake in the club with the remaining 60 percent held by three Cambodian nationals.

Chuah said the main activities of the club are in gaming, accommodation, food and beverage, and entertainment.

"More importantly, we will be able to showcase the latest range of gaming machines and equipment," he said.

The Dreamgate group is a distributor of various leading brands of gaming machines and table games equipment in Asia.

It is also a key provider of technical support management and research and development, and various activities in the gaming industry.

"We look forward to positive contributions from this new partnership which will create added values to our shareholders," Chuah said.

Currently a Mesdaq listed company, Dreamgate has submitted an application for its proposed transfer to the Main Board of Bursa Malaysia.

-- BERNAMA