PETALING JAYA: Malaysian businesses are thriving in Cambodia across sectors like construction, education and healthcare, showcasing the country’s potential for expansion, says the Malaysia-Cambodia Business Association (MCBA).
MCBA highlighted ventures such as a Malaysian paint distributor and an education firm that are actively contributing to Cambodia’s growth.
“A Malaysian paint distribution company has made inroads in Cambodia, offering quality products to the local construction and renovation sectors.
“Similarly, a Malaysian education company has initiated several projects, aiming to improve access to education and support skill development among Cambodian youth,” said MCBA president Datuk Seri Ricky Yaw (pic) in an interview.
He noted that a well-known Malaysian eye specialist has expanded into the Cambodian market.
“These ventures highlight the positive impact and opportunities available for Malaysian businesses in Cambodia,” Yaw said.
The MCBA plays an active role in fostering business ties between Malaysia and Cambodia by facilitating networking opportunities, providing market intelligence and organising trade missions.
They also assist Malaysian companies in overcoming cultural and language barriers, helping them better understand and communicate with Cambodian counterparts.
It also has a support network to navigate local regulations.
As of 2023, Yaw said data showed that Malaysia ranks as Cambodia’s 9th largest trading partner in the Asean region, with bilateral trade amounting to RM3.02bil.
Source: The Star
