Latest news with #Malaysia-CambodiaBusinessAssociation
The Sun
2 days ago
- Business
- The Sun
Malaysia praised for brokering Thai-Cambodia ceasefire by MCBA
KUALA LUMPUR: The Malaysia-Cambodia Business Association (MCBA) has commended Malaysia's leadership role in brokering an immediate ceasefire between Thailand and Cambodia, following a special meeting held in Putrajaya yesterday. MCBA founding president Datuk Seri Ricky Yaw praised Prime Minister Datuk Seri Anwar Ibrahim for his proactive diplomacy, noting that MCBA, as a platform dedicated to regional economic cooperation, welcomes Malaysia's leadership in his capacity as ASEAN Chair. He said Anwar's efforts had brought the leaders of both countries to Kuala Lumpur for urgent dialogue in response to escalating tensions along the Thai-Cambodian border. 'This ceasefire is a critical step toward restoring peace and regional stability. We extend our highest respect to Malaysia for the leadership demonstrated in facilitating this breakthrough. 'At the same time, we also pay high tribute to Cambodian Prime Minister Hun Manet and Thailand's Acting Prime Minister Phumtham Wechayachai for their political foresight and courage in making responsible decisions that balance national interest with regional peace,' he said in a statement. He added that MCBA, as a regional business association promoting peace, trade, and investment, firmly believes that economic growth must be grounded in mutual respect, regional cooperation, and long-term stability. 'We urge all ASEAN member states to continue supporting diplomatic efforts and trust-building mechanisms to prevent further escalation and strengthen mutual understanding. Peace is always the foundation of prosperity,' he added. Yaw added that MCBA remains committed to working closely with stakeholders in Cambodia, Thailand, and across the ASEAN region to promote peaceful coexistence and economic resilience. Yesterday, Hun Manet and Wechayachai agreed to an 'immediate and unconditional ceasefire' over the ongoing border dispute, following a special meeting brokered by Anwar at the official residence of the Malaysian Prime Minister, the Seri Perdana Complex in Putrajaya. The two Southeast Asian neighbours have a long history of diplomatic tensions over an 817-kilometre undemarcated stretch of their shared border. Tensions have been simmering since May 28, following a skirmish between troops near the disputed Preah Vihear area, which claimed the life of a Cambodian soldier. - Bernama
New Straits Times
2 days ago
- Business
- New Straits Times
Business association praises Malaysia's role in Cambodia–Thailand ceasefire
KUALA LUMPUR: The Malaysia-Cambodia Business Association (MCBA) has commended Malaysia for its role in brokering an immediate ceasefire deal between Cambodia and Thailand, a move it said was critical to restoring peace and regional stability. "We extend our highest respect to Malaysia for the leadership demonstrated in facilitating this breakthrough," MCBA founding president Datuk Seri Ricky Yaw said in a statement. Yaw commended Prime Minister Datuk Seri Anwar Ibrahim for being proactive in seeking a diplomatic solution in his capacity as Asean chair. He also praised Cambodian Prime Minister Hun Manet and Thailand's acting Prime Minister Phumtham Wechayachai for their political foresight and courage to ensure peace. The deadly clashes between Cambodia and Thailand had killed 35 people and displaced over 200,000. Yesterday, Hun Manet and Phumtham agreed to an immediate and unconditional ceasefire. Anwar announced the agreement following a special meeting in Malaysia involving Hun Manet and Phumtham Wechayachai, with Anwar serving as host and Asean Chair. "As a regional business association that promotes peace, trade, and investment, we firmly believe that economic growth must be grounded in mutual respect, regional cooperation, and long-term stability," Yaw said. "We urge all Asean member states to continue supporting diplomatic efforts and trust-building mechanisms to prevent further escalation and strengthen mutual understanding. "Peace is always the foundation of prosperity," he added.
The Sun
3 days ago
- Business
- The Sun
MCBA urges calm for Malaysian businesses amid Cambodia-Thailand tensions
KUALA LUMPUR: The Malaysia-Cambodia Business Association (MCBA) has urged Malaysian businesses in Cambodia to remain composed and take proactive steps following recent tensions along the Cambodia-Thailand border. President Datuk Seri Ricky Yaw assured members that the association will provide timely updates and guidance to maintain business stability. 'The long-standing development of Malaysian businesses in Cambodia is built on mutual trust, stability, and regional cooperation. In light of the recent localised tensions near the border, we urge the business community to respond calmly, rationally and proactively, while strengthening information access and internal preparedness,' he said. Yaw emphasised MCBA's role as a reliable support system for businesses in the region, highlighting the importance of continued dialogue and collaboration. 'We firmly believe that with ongoing communication and collaboration, the strong cooperation between Malaysia and Cambodia will continue to flourish, with many opportunities ahead,' he added. MCBA has introduced measures to assist businesses, including promoting stability through dialogue, improving information-sharing mechanisms, and reinforcing confidence in Cambodia's investment potential. 'MCBA believes Cambodia's fundamentals as an emerging market remain sound and its development potential remains promising,' the statement said, while urging businesses to prioritise safety when assessing opportunities. - Bernama
Barnama
3 days ago
- Business
- Barnama
MCBA Calls On Malaysian Businesses To Remain Calm Following Cambodia-Thailand Border Tensions
BUSINESS KUALA LUMPUR, July 27 (Bernama) -- The Malaysia-Cambodia Business Association (MCBA) has called on the Malaysian business community operating in Cambodia to remain calm and take proactive measures following recent localised tensions along the Cambodia–Thailand border. President Datuk Seri Ricky Yaw said the association remains committed to supporting its members with timely information and guidance to ensure business continuity and operational stability. 'The long-standing development of Malaysian businesses in Cambodia is built on mutual trust, stability, and regional cooperation. 'In light of the recent localised tensions near the border, we urge the business community to respond calmly, rationally and proactively, while strengthening information access and internal preparedness,' he said in a statement. Yaw stressed that MCBA stands united with its members and will continue to act as a reliable backbone for businesses operating in the region. 'We firmly believe that with ongoing communication and collaboration, the strong cooperation between Malaysia and Cambodia will continue to flourish, with many opportunities ahead,' he added. The association also reiterated its commitment to facilitating continuous dialogue, ensuring member companies are well-informed and reinforcing investor confidence in Cambodia as an emerging market. MCBA has outlined several key initiatives to support Malaysian businesses. This includes promoting regional stability through dialogue, activating an information support mechanism, advising enterprises to strengthen preparedness and communication channels and reinforcing confidence in Cambodia's investment outlook. 'MCBA believes Cambodia's fundamentals as an emerging market remain sound and its development potential remains promising,' the statement said, adding that it encourages businesses to continue evaluating investment opportunities with safety remaining the top priority.
New Straits Times
22-07-2025
- Business
- New Straits Times
Business matching exhibition set for next year to boost Malaysia-Cambodia trade ties
KUALA LUMPUR: The Malaysia-Cambodia Business Association (MCBA) yesterday announced that it will host an exhibition next year aimed at boosting trade and investment cooperation between Malaysia and Cambodia. Scheduled for June 2026, the Malaysia–Cambodia Business Matching Exhibition 2026 is expected to attract between 200 and 300 entrepreneurs, investors, and industry leaders from both countries. In addition to encouraging growth in key sectors such as manufacturing, agriculture, food and beverages, logistics, construction, and services, the exhibition aims to promote sustainable business relationships while contributing to Asean economic integration and high-quality regional growth. The announcement was made during MCBA's "Strategic Cooperation Networking & Fellowship Dinner" yesterday, which brought together over 120 guests, including presidents and representatives from 20 strategic partner chambers in Malaysia. Also present were the Commercial Counsellor of the Embassy of Cambodia in Malaysia, Vith Panhnha, Malaysia External Trade Development Corporation representative S. Jai Shanker, and MCBA founding president Datuk Seri Ricky Yaw. The dinner marked the first major follow-up event after the successful conclusion of the Malaysia–Cambodia Trade and Investment Mission in June 2025. The aim is to consolidate outcomes and deepen strategic trade and investment cooperation between both countries. "This dinner is not only a valuable platform for engagement but also a testament to our shared commitment to fostering cooperation, strengthening regional synergy, and achieving mutual prosperity," said Yaw. To sustain the momentum, MCBA also announced that it will lead a second high-level delegation to Cambodia from Aug 20 to 23 for a four-day trade mission and business exploration. The delegation will engage with Cambodian ministries, industrial parks, and enterprises to identify new cooperation and investment opportunities for Malaysian companies.
