Japan, Cambodia banks sigh MoU

Japan’s Sumitomo Mitsui Banking Corporation Asia Pacific director Masayuki Shimura and Acleda Bank president In Channy signed a memorandum of understanding designed to promote mutual business co-operation on Friday.

Sumitomo Mitsui Banking Corporation Asia Pacific director opened a representative office in Phnom Penh last February after an absence of 45 years.

The Phnom Penh Post quotes Acleda Bank president In Channy as saying the agreement would give Japan’s investors and businesses advice about the economy across Cambodia.-Southeast Asia Times (August 27, 2012)