Tuesday, May 11, 2010

Malaysian Businesses Ink Deals on Official Visit

Prime Minister Hun Sen welcomes Malaysian Prime Minister Najib Razak, on Monday. (Photo: AP)
Chun Sakada, VOA Khmer
Phnom Penh
Monday, 10 May 2010

Malaysia banking giant CIMB will open a branch in Cambodia as part of a series of agreements penned between Cambodian and Malaysian officials Monday.
The CIMB Group was green-lighted by the National Bank of Cambodia to open a bank, but Prime Minister Hun Sen gave official approval Monday, as he met with Malaysian Prime Minister Datuk Seri Najib Tun Razak, who arrived Sunday for his first visit since becoming premier in April 2009.
Ngong Meng Tech, secretary-general of the Cambodian Chamber of Commerce, said Cambodian and Malaysian companies also signed six agreements totaling $1 billion in further meetings Monday.
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