Logo of Phnom Penh Post newspaper Phnom Penh Post - Japan leasing firm enters cluttered local market

Japan leasing firm enters cluttered local market

Japan leasing firm enters cluttered local market

New leasing company JACCS Finance (Cambodia) Plc, a subsidiary of the Japan-based consumer credit corporation JACCS Group, began offering Cambodian households loans for motorbikes and home appliances on Monday. The group entered a crowded market, becoming the 12th leasing company to establish itself in the Kingdom.

Company officials are optimistic that the new JACCS Finance branch will attract considerable business. “There is still space to grow . . . Cambodia’s economy is growing every year, resulting in a higher income for Cambodian people, who demand many consumer products,” said Masahiro Arayama, the company’s managing director.

“The market size is expanding, and for us it is good to enter the market now.” Launching with an initial investment of $2.5 million, JACCS has opened one branch in Canadia Tower and intends to expand the number of Cambodian offices in accordance with market demand.

Post Staff

MOST VIEWED

  • Draft law on state of emergency pending finalisation

    Prime Minister Hun Sen will lead a top-level meeting on Tuesdays to review the draft law on imposing a state of emergency. Meantime, he has decided to close all casinos in Cambodia effective April 1. In the press conference after the National Assembly met today, Hun

  • State of emergency on table amid pandemic

    Prime Minister Hun Sen, his deputy prime ministers and legal team will meet on Tuesday to review the draft law on declaring a state of emergency, as Covid-19 cases rose to 107 in the Kingdom on Monday. Speaking at a press conference after a parliament meeting

  • Stranded passengers petition UK for help

    Some 10,521 people have signed an online petition calling on British Prime Minister Boris Johnson and relevant officials to fly nearly 200 passengers out of Cambodia. The petition is targeted at 15,000 people. Most of the passengers are British nationals, who are stranded in Cambodia after airlines cancelled

  • Many in limbo as tension heightens

    As the Kingdom restricts travel and prepares for a state of emergency, some foreigners in Cambodia are scrambling for a way home. Foreign embassies in Phnom Penh are making efforts to get their citizens out, but cancelled flights have become common due to the coronavirus

  • Covid-19 Pandemic: Force majeure and legal consequences

    Is the Covid-19 pandemic considered an event of force majeure? The World Health Organisation declared the novel coronavirus (Covid-19) outbreak a pandemic on March 11. Following this declaration, the Ministry of Health and other ministries have taken various legal and administrative measures to prevent the rapid

  • State of emergency draft law set for NA

    A draft law aiming to place the Kingdom in a state of emergency amid the Covid-19 pandemic is set for a debate at the National Assembly (NA) after going through the Council of Ministers’ Standing Committee meeting led by Prime Minister Hun Sen on Tuesday.