Japanese investors urge Cambodian government to expedite digital economy

Japanese investors and businesspeople have urged the Cambodian government to expedite the growth of the digital economy and digitalization as the formalities in government agencies are slowly moving due to exercising analogue, while the banking and financial sectors have developed fast, probably faster than Japan. The push was made during a workshop organized by Acleda Bank Plc and attended by about 100 investors, businesspeople, officials from associations that include Japanese Business Association in Cambodia (JBAC) on Friday last week. Uematsu Hiroshi, CEO of Royal Group Phnom Penh Special Economic Zone (Royal Group PPSEZ), representing Japanese investors and businesspeople, despite remarkably digital development, Japanese investors in Cambodia have actually been facing three main challenges in terms of analogue that include customs clearance, restructuring company management and applications for construction permits. (Source: Khmer Times)