Japanese leasing company enters Cambodian market

JACCS Finance (Cambodia) Plc, a subsidiary of the Japan-based consumer credit corporation JACCS Group, began its operation on Monday, becoming the 12th leasing company to establish itself in the Kingdom. Masahiro Arayama, the company’s managing director, is optimistic that the new JACCS Finance branch will attract considerable business, saying there is still room for growing in Cambodian market. Launching with an initial investment of $2.5mn, JACCS has opened one branch in Canadia Tower and intends to expand the number of Cambodian offices in accordance with the market demand. (Source: Phnom Penh Post)