An agreement between Aquarii BD (Cambodia) Co Ltd and Phillip Bank Plc. was inked to formalize their Preferred Partnership with effect from this month.
As a preferred partner, Phillip Bank will be one of the financial service providers to Aquarii, while Aquarii will help curate projects or requests from selected businesses or investors that require access or options to a range of financial products and services available locally. This agreement signals the respective and collective commitment of Aquarii and Phillip Bank to deliver to the larger business and investor community a brand of excellent service that is based on the values of integrity, transparency and accountability.
“Through this strategic collaboration, Phillip Bank could potentially be considered as a banker of choice for selected projects or investors that Aquarii deals with”, explains Michael Tan, Founder Director of & CEO of Aquarii BD Cambodia.
Mr. Chan Mach, Chief Executive Officer of Phillip Bank added that “Through this partnership with Aquarii, we can offer a wider audience of businesses and investors our service-oriented and trusted corporate banking services and financial solutions, by leveraging on our team’s track record, professionalism and expertise.”
Phillip Bank Cambodia is the only Singapore-owned bank in the Kingdom and is the third-largest commercial bank in Cambodia in terms of the branch network.
In its business model, Aquarii will selectively work with not more than three preferred partners for each sector or sub-sector of interest, and they will be its service provider of choice for relevant projects that it takes on, or whenever there are inquiries or requests from foreign businesses and investors for recommended locally established service providers they should consider engaging. For that reason, Aquarii’s team is taking time to consider who its preferred partners could be.
“This curated approach will provide greater assurance and better support to foreign businesses and investors that are considering to undertake a business or investment transaction in Cambodia”, Tan adds.
Aquarii has also launched an online business platform at www.aquariibd.com where foreign businesses and investors can freely access to obtain market information about Cambodia, conduct a filtered search on its business directory for local businesses and service providers, as well as to list businesses/assets for sale or to seek the same to buy or invest in. Users of the platform will also be able to do a quick estimation of the business start-up costs through its Business Calculator, scheduled to be launched on the platform soon.
“The online platform was designed to help enable and empower the larger business community by connecting foreign businesses and investors interested in the Cambodia market with locally established service providers and business entities, thereby creating opportunities for them as well as to provide them with greater assurance and certainty when they invest or conduct their business activities in the Kingdom”.
Aquarii BD Cambodia is a Business Strategy and Development company in Phnom Penh, a subsidiary of Singapore-based Aquarii SG. The Aquarii entity was founded through the partnership of former Singapore Ambassador to Cambodia Michael Tan and Oceanus Group Pte Ltd, a public listed company on the Singapore Stock Exchange.
Phillip Bank Cambodia is a member of Phillip Capital Group that offers a full range of quality and innovative products and services to retail, corporate and institutional customers and currently operates in 15 countries including Singapore, Australia, China, Hong Kong, India, United States, Vietnam, Indonesia, Japan, Malaysia, Spain, Thailand, Turkey, and the United Kingdom.
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