MCBA Signs MoUs With 20 Malaysian Associations To Explore Cambodian Market
KUALA LUMPUR, May 13 (Bernama) -- The Malaysia Cambodia Business Association (MCBA) today signed Memoranda of Understanding (MoUs) with 20 local Malaysian associations to explore overseas markets, beginning with Cambodia.
MCBA president Datuk Seri Dr Ricky Yaw said the one-year renewable MoUs are expected to bring in at least 100 Malaysian companies from various sectors such as fertilisers, engineering, electrical, and construction.
He also announced that the Malaysia-Cambodia Investment and Trade Mission 2025 will be held from June 26-29 in Phnom Penh, Cambodia.
"We have signed this MoU with 20 associations as part of a broader alliance—not just for Cambodia, but starting here. This marks the launch of our first project,” he said at the signing ceremony here, today.
“I believe that with the combined strength of these 20 associations—and potentially more in the future—this alliance will allow us to move more effectively across borders.”
According to him, this powerful alliance marks a significant milestone in Malaysia’s economic diplomacy, signifying a unified commitment to promoting cross-border trade, investment flow, innovation exchange, and people-to-people cooperation between Malaysia and Cambodia.
“The strategic partnership is expected to become a transformative platform—empowering Malaysian businesses to explore overseas markets while attracting foreign investments and collaborations back to Malaysia. It aims to catalyse bilateral and multilateral economic growth across various industries,” he added.
Yaw emphasised that the MCBA will act as a gateway to unlock regional opportunities, connect industries, and enhance Malaysia’s economic footprint globally.
He also noted that Cambodia offers a promising environment for investment and trade, particularly for small and medium enterprises (SMEs).
“The entry barriers in Cambodia are relatively low—many certification and regulatory requirements are still evolving. For SMEs, cost is a major factor. If it’s too expensive to enter a market, it becomes very difficult for them.
“In Cambodia, you can register a company with 100 per cent foreign ownership. You don't need a local partner, and you can set up a business overnight. These are key advantages for SMEs,” he added.
-- BERNAMA