Japan invests in Cambodia
Phnom Penh. Nine Japanese companies were approved to operate in Cambodia and 14 more are applying, reported the Japan International Cooperation Agency. Although the current Japanese crisis, it is increasing its investment in countries like Cambodia, Laos, Myanmar and Bangladesh. In 2010 only six Japanese companies applied and got the approval of Phnom Penh. The same as with other strong economies, Japan is attracted by the political stability of Cambodia, as well as low labor costs. Japan is more interested in the textile sector and its companies on the Khmer soil will invest about 211 million US dollars, while it is expected to generate 36 thousand jobs. The other two big investors in the Cambodian economy are China with 7.74 billion US dollars and South Korea with 3.4 billion. As for Japan, its main investments in the Southeast Asian region have been in China, Malaysia and Thailand. In Cambodia the first Japanese companies are Yamaha , Suzuki, Ajinomoto, Sumitormo Wiring Systems Ltd, Sony, Nikon, Olympus and Brother Industries Ltd.