CIMB BANK TO OPEN HEAD OFFICE IN EXCHANGE SQUARE

Hongkong Land has announced that CIMB Bank will open its new Cambodia head office at Exchange Square, a new Grade A office and retail building scheduled for completion at the end of 2016.

“Exchange Square is a quality development in a prominent location, which will benefit leading organisations such as CIMB Bank who look to establish offices in Phnom Penh’s emerging financial district,” said Mr Robert Garman, Executive Director of Hongkong Land.

“The design and layout flexibility of each floor in Exchange Square aims to cater for Cambodia’s growing preference for commercial developments of international quality. This new world-class property offers unrivalled access to the city’s main districts, and we’re confident it will be a catalyst for increasing business and retail activities in the area,” he added.

“In response to our business growth in recent years, CIMB Bank needs to expand our current head office space to a new level as a leading regional bank,” said Mr Bun Yin, Chief Executive Officer of CIMB Bank. “It is advantageous from a corporate banking perspective to enter into business relations with Hongkong Land, and it is also favourable from a corporate premises branding perspective to occupy space at Exchange Square due to the positioning of the building”.

- Video Advertisement -

Related Post

Cambodia creates artificial rain to reduce heat in public schools

The Cambodian government has instructed local authorities to set up artificial rain in public schools to help reduce the heat as the current hot, dry weather could affect the education of students in schools. At the same time, the police of Koh Kong and Mondul Seima districts immediately carried out the operation by spraying water […]

Cambodia receives nearly US$20 billion in industrial investment in Q1-2024

In the first quarter of 2024, Cambodia received a total investment of nearly US$20 billion in industry, an increase of 13.55% compared to the same period in 2023. This was stated by HE Hem Vandy, Minister of Industry, Science, Technology and Innovation on the occasion of the official opening of the Toyota Assembly and Assembly […]

Within the Next Few Years, Cambodia Aims for Digitized Real Estate Registration in Just Two Hours

Thanks to the expertise of professional officials and technological advancements, in the next few years real estate registration in Cambodia, could soon be completed digitally within a mere two hours. This revolutionary move aims to streamline processes and boost efficiency in the country’s real estate sector. This groundbreaking vision was disclosed by HE Leang Monirith, […]

SHV’s Poverty Rate Drops to 1.68% Amidst Robust Economic Growth in 2023

Amidst a surge in economic prosperity, Sihanouk Province witnessed a notable decrease in its poverty rate, plummeting to 1.68% in 2023. This remarkable achievement stems from the province’s robust economic growth, which soared to 6.4% during the same period. These encouraging figures were unveiled by HE Long Dimanche, Deputy Governor of Preah Sihanouk Provincial Board […]

Toyota Unveils US$36 Million Assembly Plant in Phnom Penh SEZ

In a significant boost to Cambodia’s automotive industry, a new Toyota assembly plant, valued at over US$36 million, was officially inaugurated in the Phnom Penh Special Economic Zone on 2 May 2024. This landmark event was presided over by Samdech Hun Manet, Prime Minister, marking a new era in the country’s manufacturing capabilities. The Toyota […]

SHV Port Marks Remarkable Growth with 240K TEUs of container, a 23% Increase in Container Traffic in Early 2024

In the first quarter of 2024, the Sihanoukville Autonomous Port witnessed a significant surge in its operational capacity, handling 240,000 Twenty-Foot Equivalent Units (TEUs) of containers. This marks an impressive increase of more than 23% compared to the corresponding period in 2023. The announcement was made by His Excellency Peng Po Nea, Minister of Public […]