{"id":16480,"date":"2024-10-18T13:43:07","date_gmt":"2024-10-18T05:43:07","guid":{"rendered":"https:\/\/exim.com.my\/development\/?post_type=press-release&p=16480"},"modified":"2024-10-25T13:53:18","modified_gmt":"2024-10-25T05:53:18","slug":"exim-bank-malaysia-lauds-the-governments-budget-2025-theme-revitalising-the-economy-generating-change-prospering-the-rakyat-2","status":"publish","type":"press-release","link":"https:\/\/exim.com.my\/development\/press_release\/exim-bank-malaysia-lauds-the-governments-budget-2025-theme-revitalising-the-economy-generating-change-prospering-the-rakyat-2\/","title":{"rendered":"EXIM Bank Malaysia Lauds The Government\u2019s Budget 2025 Theme: Revitalising The Economy, Generating Change, Prospering The Rakyat"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t
<\/div>
<\/div>
From left: GTC Director, Subhash Devan, Chairman of GTC and RTB Group Chief Executive Officer, Amirul Baharom, EXIM Bank\u2019s Acting President and Chief Executive Officer, Nurbayu Kasim Chang and Chairman, Dato\u2019 Charon Mokhzani.<\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Phnom Penh, Cambodia, October 18, 2024 \u2013<\/strong> Export-Import Bank of Malaysia Berhad (\u201cEXIM Bank Malaysia\u201d) announced the signing of a USD19.97 million financing agreement with Global Tower Corporation Pty Ltd (\u201cGTC\u201d), a key player in telecommunications infrastructure services. A 75%-owned subsidiary of Rohas Tecnic Berhad, GTC is a prominent independent tower company licensed by the Telecommunication Regulator of Cambodia for the Construction and Operation in the Provision of Telecommunication Tower Services in the Kingdom of Cambodia. Rohas Tecnic Berhad and its subsidiaries (\u201cRTB Group\u201d) are a Malaysia-based group involved in regional utility infrastructure markets primarily in the Power and Energy, Telecommunication, and Water and Sewage. RTB Group is the market leader in the manufacturing of steel lattice towers and monopoles for power transmission and telecommunications in Malaysia, as well as in the provision of full turnkey solutions in Engineering, Procurement, Construction and Commissioning (\u201cEPCC\u201d) projects both in Malaysia and other countries in the region.<\/p>

This financing will support the construction of over 400 telecommunication towers across Cambodia, enhancing the country’s network coverage, particularly the underserved areas in both urban and rural areas.<\/p>

This financing is part of EXIM Bank\u2019s commitment to support the global expansion of Malaysian businesses such as RTB Group, especially in high-growth markets like Cambodia. In 2023, Malaysia\u2019s exports to Cambodia were valued at USD540 million, while imports stood at approximately USD133 million. The strong bilateral trade relationship underscores the importance of strategic investments, such as this project, in facilitating further business expansion and infrastructure development between the two nations. By partnering with GTC and RTB Group, EXIM Bank reinforces its role as a catalyst for Malaysian businesses pursuing growth opportunities abroad, while contributing to the development of critical infrastructure in the ASEAN region.<\/p>

EXIM Bank\u2019s Acting President and Chief Executive Officer, Nurbayu Kasim Chang said: “We are proud to support GTC and RTB Group in this vital telecommunications project, which not only strengthens Cambodia’s infrastructure but also creates growth opportunities for Malaysian companies abroad. Our financing of USD19.97 million reflects our confidence in GTC\u2019s capabilities and our commitment to fostering long-term partnerships that align with Malaysia\u2019s export agenda.”<\/p>

Amirul Baharom, Chairman of GTC and RTB Group Chief Executive Officer, stated, “This partnership with EXIM Bank reinforces GTC’s commitment to improving Cambodia\u2019s telecommunication infrastructure, with the aim of bridging the connectivity gap, particularly in rural areas. By leveraging this collaboration, we are not only enhancing connectivity but also solidifying GTC’s position as a major player in this sector. We are confident that this initiative will contribute positively to Cambodia’s socioeconomic growth.\u201d<\/p>

Besides the attendance of His Excellency Shaharuddin Bin Onn, the Malaysian Ambassador to Cambodia and Sokharath Penh, Director of Bureau of the Telecommunication Regulator of Cambodia, the signing event also saw the presence of EXIM Bank\u2019s Chairman, Dato\u2019 Charon Mokhzani and Chief Business Officer, Faizah Mustapa, GTC Director, Subhash Devan, RTB Group\u2019s Chief Financial Officer, Eric Ong, and members of senior management of Mobile Network Operators in Cambodia.\u00a0<\/p>

As one of the fastest-growing economies in the ASEAN region, Cambodia presents considerable opportunities for sectors like telecommunications, infrastructure, and green technology. EXIM Bank views Cambodia as a strategic market with strong potential for Malaysian exporters. The country\u2019s focus on improving its infrastructure and telecommunications sector presents a conducive business environment for expansion.<\/p>

With growing urbanisation, rising demand for digital services, and ongoing Cambodian Government efforts to enhance connectivity, EXIM Bank is optimistic about the continued opportunities available in Cambodia, particularly for Malaysian companies in telecommunications, technology, and renewable energy.<\/p>

This financing underscores EXIM Bank\u2019s mission to support national interests by facilitating the global expansion of Malaysian companies and driving positive economic impacts in host countries.<\/p>

– END –<\/p>

About EXIM Bank of Malaysia Berhad<\/strong><\/p>

The Export-Import Bank of Malaysia Berhad (EXIM Bank) was incorporated on 29 August 1995 and is wholly-owned by the Government of Malaysia. The Bank has assisted a diverse range of Malaysian business in various sectors in their global ventures.\u00a0 EXIM Bank takes pride in meeting its mandated role of stimulating and enhancing the competitiveness of Malaysian industries for exports and investments globally via the provisioning of internationally and domestically competitive banking and insurance products and advisory services. The Bank also offers Shariah-compliant financing and Takaful instruments. For more information, visit www.EXIM.com.my<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

MEDIA CONTACT FOR EXIM BANK<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Azmin Hamzah<\/strong><\/p>

Head, Corporate Communications
Export-Import Bank of Malaysia Berhad
T : +603 2601 2371
F : +603 2601 2469
E : azmin@exim.com.my<\/a>
W : www.exim.com.my<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Vino Nair<\/strong><\/p>\n

Assistant VP II, Corporate Communication
Export-Import Bank of Malaysia Berhad
T : +603 2601 2383
F : +603 2601 2469
E : vinodhaninair@exim.com.my<\/a>
W : www.exim.com.my<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"featured_media":0,"parent":0,"template":"","categories":[42],"tags":[654],"class_list":["post-16480","press-release","type-press-release","status-publish","hentry","category-kenyataan-akhbar","tag-2024-my"],"acf":[],"_links":{"self":[{"href":"https:\/\/exim.com.my\/development\/wp-json\/wp\/v2\/press-release\/16480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exim.com.my\/development\/wp-json\/wp\/v2\/press-release"}],"about":[{"href":"https:\/\/exim.com.my\/development\/wp-json\/wp\/v2\/types\/press-release"}],"version-history":[{"count":1,"href":"https:\/\/exim.com.my\/development\/wp-json\/wp\/v2\/press-release\/16480\/revisions"}],"predecessor-version":[{"id":16481,"href":"https:\/\/exim.com.my\/development\/wp-json\/wp\/v2\/press-release\/16480\/revisions\/16481"}],"wp:attachment":[{"href":"https:\/\/exim.com.my\/development\/wp-json\/wp\/v2\/media?parent=16480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exim.com.my\/development\/wp-json\/wp\/v2\/categories?post=16480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exim.com.my\/development\/wp-json\/wp\/v2\/tags?post=16480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}