NexG plans to raise investment in Cambodia
KUALA LUMPUR: NexG Bhd plans to further increase its investment in Cambodia, particularly in the digital and logistics sectors, said its chief executive officer Datuk Hanifah Noordin.
This was expressed during his meeting with Cambodian Prime Minister Hun Manet on the sidelines of the 46th Asean Summit and Related Meetings here last week.
According to Hanifah, NexG is offering its expertise in the provision of high-security digital identity documents, while the logistics sector is being offered through MMAG Holdingd Bhd, in which NexG holds a 19 per cent stake.
Hanifah stated that his group's core operations lie in information and communication technology, with a specific focus on digital security.
He noted that MMAG is already involved in logistics services at the Siem Reap-Angkor International Airport.
He added that the group plans to expand its operations and invest further in Cambodia's growing digital economy.
The prime minister praised NexG's vision and outlined the Cambodian government's strategic push to enhance the logistics sector through improvements to key infrastructure.
This includes the expansion of the Sihanoukville deep-sea port and the development of airports and road networks.
He also emphasised the government's priority on digital transformation during the 7th Legislature, describing it as a national priority aimed at modernising the economy and attracting foreign investment.
NexG said the prime minister encouraged all interested Malaysian firms to continue close cooperation with Cambodian institutions, emphasising his government's commitment to fostering a transparent and investor-friendly environment that supports long-term economic growth.
Lim Heng, vice president of the Cambodian Chamber of Commerce, told the Khmer Times that Cambodia's proactive investment promotion led by Hun Manet had been praised by business leaders following his recent engagement with potential investors during the Asean meetings in Malaysia.
"The prime minister consistently attracts investors. During the Asean meetings in Malaysia, many companies, especially representatives from various countries' chambers of commerce, brought potential investors to meet with the prime minister and received guidance on exploring investment opportunities in Cambodia," he said.
Heng added that such efforts reflect the leadership's commitment to nurturing a pro-investment climate.
"Meeting directly with companies that are still uncertain about Cambodia helps them gain a better understanding of the country and boosts their confidence to invest, especially with the pime minister's personal assurances," he said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
an hour ago
- New Straits Times
Maybank Foundation, Anthill to open weaving training centre in Philipines
KUALA LUMPUR: Maybank Foundation and Anthill Fabric Gallery have marked a milestone with the groundbreaking of a weaving training centre in Argao, Cebu in the Philippines. This is Maybank Women Eco-Weavers' (MWEW) first training centre in the Philippines and the programme's expansion into a fifth Asean nation, following earlier successful implementations in Malaysia, Indonesia, Cambodia and Laos. Set for completion by the end of July 2025, the Argao centre will serve as a flagship facility dedicated to weaving training, skills development, and the advancement of zero-waste weaving techniques, aimed at preserving cultural heritage while integrating sustainable innovations. Maybank Foundation chief executive officer Izlyn Ramli said in its first year in the Philippines, the programme targets the training of 50 women weavers and the support of 10 abaca farmers. This will establish the foundation for a community-driven circular economy that blends traditional practices with modern innovation. "This centre is more than infrastructure, it is a launchpad for transformation. It will equip women in Argao with the tools, knowledge, and market access they need to thrive, while ensuring that their textile traditions continue to flourish. "This expansion also reflects the programme's role in raising the floor of socio-economic inclusion across Asean, ensuring that underserved communities gain not only visibility, but also meaningful access to livelihoods, heritage preservation, and resilient ecosystems, where opportunities are made available to all," she said. Looking ahead, a new training centre is set to be established in Bukidnon province, envisioned as an all-in-one facility that will combine weaving, natural dye techniques, and fibre production, emphasising the use of abaca and other indigenous materials.
The Sun
an hour ago
- The Sun
Malaysia proposes expansion of OIC-TPS
KUALA LUMPUR: Malaysia has proposed expanding the Organisation of Islamic Cooperation (OIC) Trade Preferential System and the reduction of trade barriers to strengthen economic ties among its member states. The proposal was presented by Foreign Minister Datuk Seri Mohamad Hasan during Malaysia's national statement at the 51st Session of the Organisation of Islamic Cooperation (OIC) Council of Foreign Ministers Meeting in Istanbul, Turkiye, on Saturday. Mohamad said OIC, as the second-largest intergovernmental organisation in the world, holds vast potential for strategic partnership. He cited the inaugural ASEAN-Gulf Cooperation Council-China Summit led by Malaysia in May, which witnessed a new historic economic partnership being forged, as a milestone in regional cooperation. 'Malaysia believes that this can support developing States to circumvent the impacts of the US-China trade war,' he said. Held under the themed 'The OIC In A Transforming World', the meeting was attended by more than 40 foreign ministers from OIC's 57 member states. The meeting also saw high-level participation from nearly 30 international organisations including UN, Arab League, Developing Eight (D-8), International Organisation for Migration and World Trade Organisation, reflecting the urgency of the current regional situation.
The Sun
an hour ago
- The Sun
Malaysia proposes expansion of OIC-TPS to spur trade ties among member states
KUALA LUMPUR: Malaysia has proposed expanding the Organisation of Islamic Cooperation (OIC) Trade Preferential System and the reduction of trade barriers to strengthen economic ties among its member states. The proposal was presented by Foreign Minister Datuk Seri Mohamad Hasan during Malaysia's national statement at the 51st Session of the Organisation of Islamic Cooperation (OIC) Council of Foreign Ministers Meeting in Istanbul, Turkiye, on Saturday. Mohamad said OIC, as the second-largest intergovernmental organisation in the world, holds vast potential for strategic partnership. He cited the inaugural ASEAN-Gulf Cooperation Council-China Summit led by Malaysia in May, which witnessed a new historic economic partnership being forged, as a milestone in regional cooperation. 'Malaysia believes that this can support developing States to circumvent the impacts of the US-China trade war,' he said. Held under the themed 'The OIC In A Transforming World', the meeting was attended by more than 40 foreign ministers from OIC's 57 member states. The meeting also saw high-level participation from nearly 30 international organisations including UN, Arab League, Developing Eight (D-8), International Organisation for Migration and World Trade Organisation, reflecting the urgency of the current regional situation.
