Aquarii BD (Cambodia) Co Ltd and the Malaysia Business Council Cambodia (MBCC) have formalized their strategic partnership through a Memorandum of Understanding.
Under the MOU, Aquarii and MBCC agree to exchange information, ideas and views and to jointly conduct activities where appropriate and practicable to help foreign businesses and investors have a better understanding of the investment and business environment in Cambodia. They have also committed to mutually promote each other’s platforms and to individually and collectively help address outdated perceptions of the Kingdom, and where possible to lower any trust deficit that foreign businesses and investors may have of the country and its pro-business and pro-investment policies.
MBCC is the third business chamber in as many weeks, following the Indonesia Chamber of Commerce (IndoCham) and the American Chamber of Commerce in Cambodia (AmCham), to have formalized similar strategic partnerships with Aquarii BD Cambodia. Aquarii is a business strategy and development company newly established by diplomat-turned-businessman, Michael Tan. Tan was formerly the Singapore Ambassador to Cambodia from Jun 2016 to Dec 2020, and is now Aquarii’s founder Director and Chief Executive Officer, based in Phnom Penh.
“Aquarii is extremely pleased to formalize this partnership with MBCC, a well-established and accomplished business chamber in the Kingdom with an outstanding track record of activities. It is a fact that there are numerous qualified and outstanding Malaysian professionals and businessmen doing good work and sharing their experiences and knowledge in Cambodia”, said Tan.
Businesses in Cambodia that are members of MBCC and that choose to include their company information in the Business Directory on Aquarii’s freely accessible online platform (www.aquariibd.com) will be acknowledged as such in the filtered search results of the directory. This should give greater confidence to foreign businesses and investors to connect or deal with service providers, business counterparts or investment partners in Cambodia that they have sourced through the Aquarii BD platform. As not all business chambers have the practice of signing MOUs, chambers that have agreed to support and work closely with Aquarii will have more information about them on the platform.
“Through strategic collaboration with like-minded and credible strategic partners such as MBCC, we hope to be able to help bridge any gap in perception and lack of familiarity of the Kingdom which foreign businesses and investors may have of Cambodia, to address or mitigate their pain points in doing business here”, Tan added. “Concurrently, we want to enable and empower the larger business and investment community in Cambodia through our online free access business platform, our advisory service and our network of contacts, resource persons and Aquarii’s various selected preferred, referral and strategic partners”.
President of MBCC, Oknha Tan Khee Meng or “KM”, a more familiar moniker among his friends and network of contacts, said “MBCC hopes that through this partnership with Aquarii BD Cambodia, there will be more opportunities for foreign investors and businesses to connect with and reach out to our members who are in fact represented in the board spectrum of the businesses, sectors and industries in the Kingdom. In turn, our members will have access to a wider audience of foreign investors and businesses out there”.
MBCC was formed in July 1997 and is one of the most established and accomplished business chambers in the Kingdom. Its raison d’etre and mission is to connect all Malaysian companies operating in Cambodia and provide a forum for better networking and sharing of information.
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