Cambodia Investment Review
Aquarii Cambodia has inked an agreement with Phillip Bank as a ‘banker of choice’ to provide financial services to upcoming investment projects citing the bank’s excellent service that is based on the values of integrity, transparency and accountability.
In a statement, Aquarii said 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, they added.
Michael Tan, Founder & CEO of Aquarii BD Cambodia explained: “Through this strategic collaboration, Phillip Bank could potentially be considered as a banker of choice for selected projects or investors that Aquarii deals with.”
Chan Mach, CEO of Phillip Bank added: “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 branch network.
Cambodia Investment Review has reported on the bank, which is under its parent company PhillipCapital Group, follows the model, ethos, and values of the entire network of businesses spread across 15 countries around the world.
Aquarii Cambodia’s business platform
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, the company says.
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 or 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 providing them with greater assurance and certainty when they invest or conduct their business activities in the Kingdom.