Saturday, 17 December 2011
Posted by Serath
PHNOM PENH, (Cambodia Herald)-Prime Minister Hun Sen (pictured) vowed to protect the first motor manufacturer in cambodia in his bid to drum up for more Japanese investments to the kingdom by saying that his government would ensure the success of Minebea which was inaugurated today.
"I feel confident that when the company is successful, it will bring more Japanese to Cambodia," Hun Sen told the grand opening ceremony of Minebea, a motor-manufacturing company from Japan, which is located in the Phnom Penh special economic zone.
He added that " it is like a baby which I gave birth. Thus, I will not let it die. The success of Minebea means that we will also succeed. I will not let this factory die".
As he ordered relevant ministries to facilitate the operation of the japanese comapany, Hun Sen warned that if it goes away from Cambodia, other Japanese companies will not come to Cambodia.
" If Minebea complains, I will personally take action and the anti-corruption unit will follow. It is unacceptable, if Minebea fails.
We have to create favorable environment for the investment".
Hun Sen congratulated and welcome Minebea which decided to make investment in the kingdom of Cambodia at a time when Cambodia needs and encourage the investment. Minebea's project will not generate jobs for the workers but also transfer technologies to Cambodia, he said.
The inauguration comes a year after Minebea announced plans to invest about five billion yen ($62.5 million) on the plant, making it the first Japanese component manufacturing facility in Cambodia.
At the time, Mineaba said the investment in Cambodia represented the first large-scale production site since the company set up its Shanghai plant in China in 1994.
The Japanese company says it plans to employ up to 5,000 people and develop the Cambodian site into a volume production structure second only to its Chinese factory.
Minebea has been expanding its operations in Asia since launching production in Singapore in 1972. At the end of last year, production in Asia excluding Japan exceeded 80 percent of the company's total production. Asian production facilities include five plants in Thailand, five in China, two in Singapore and one in Malaysia.
2 comments:
Why Japanese investors are less in the kingdom than any others ,because Japanese people and its government are high class. They can see the true symptom of Cambodia.They are not so keen to put their money in any countries that their political and social standard have not meet up their expectation.
Cambodia is just like one of those countries in middle east of spring revolution such as Tunisia , Egypt; Syria.All it needs just a few spark and it will explode the wast reserve of injustice energy, that is sitting beneath the fake democracy, waiting to be released.
Politics and economics is like a bicycle if the front wheel is out of shape the rear wheel just don't work well.
Injustice in society is the mother/cradle of revolution.
True Khmer
Personally, I want change. But I don't want it to be drastic like those of the Arabs. I want to change slowly without bloodshed. We've gone through too much of that already. I want a changing guard type of power transfer. If we all love our country, then we should put our differences aside and united to advance democracy in our country. I want peace and stability and social harmony in Cambodia. I want the rich to respect the poor and vice versa.
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