Maybank Bhd is looking to increase its presence in Cambodia, by raising the number of its branches to 20 from 12 currently.
Speaking at a public panel dialogue organised by The Wharton School about the economic prospects of the ASEAN region, Maybank’s CEO Datuk Sri Abdul Wahid Omar said he regarded Cambodia, amongst other ASEAN member countries, as its home market.
“Maybank is now one of the top ASEAN banks with the widest presence across the ten ASEAN countries. 36% of our operations are outside of Malaysia, contributing to some 30% to group profits.” he said. …
Kuala Lumpur–Lion Forest Industries BHD (LFIB) is acquiring 58,000 hectares under an economic land concession (ELC) in Cambodia for US$26.1 million (RM78.3 million) to cultivate oil palm and rubber trees.
LFIB said on Monday, Aug 29 the concession would not be less than 70 years under the master service agreement.
It said its unit Harta Impiana Sdn Bhd had on Aug 29 issued an instruction notice to Seng Enterprise Co. Ltd, identifying six parcels of economic land concession. Read more