Maybank of Malaysia invests US$48M for their Philippine head office – "Maybank Corporate Centre" in Bonifacio Global City

Maybank injects US$100m in Philippines

Saturday, January 26, 2013, 05.51 AM
Business Times

Maybank is injecting US$100 million in capital to accelerate its growth in the Philippines where it sees there will be substantial demand for financial services in the next few years.

The announcement came with the official launching of Maybank Philippines’ new corporate head office here by the Philippines National Treasurer Rosalia De Leon today.

Maybank President and Chief Executive Officer (CEO) Datuk Seri Abdul Wahid Omar said the capital will be used to strengthen its franchise to support the booming economic growth as well as the increasing trade and investment flows within Asean.

Maybank has invested US$48 million for the head office called the “Maybank Corporate Centre” which is located at Bonifacio Global City, the current fastest growing commercial centre in the Philippines.

Maybank Chairman Tan Sri Megat Zaharuddin Megat Mohd Nor, who spoke at the launch, said the bank has been taking a low profile in the Philippines for over 15 years, and now was the opportune time for the “tiger go on the move”.

Also present at the event were Maybank Philippines Incorporated (MPI) President and CEO Herminio Jun Famatigan and Maybank ATR Kim Eng President and CEO Manuel Tordesillas.

The five-storey centre, with a total floor space of 3,840 sq metres, houses all business units of MPI which used to be located in Manila and Taguig.

For full article: Maybank injects US$100m in Philippines
Maybank Press Release with photo:

Maybank opens main office branch in Bonifacio High Street Central


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