13 Aug 2018
Signing of Memorandum of Cooperation Between Cagamas Berhad and Secondary Mortgage Corporation of Thailand
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Bangkok, Thailand, 13 August 2018 – Cagamas Berhad (“Cagamas” or “the Company”), the National Mortgage Corporation of Malaysia signed a Memorandum of Cooperation (MoC) with the Secondary Mortgage Corporation of Thailand (SMC) at a ceremony held in Bangkok, Thailand.
President/Chief Executive Officer of Cagamas, Datuk Chung Chee Leong and President of the SMC, Mrs. Wasukarn Visansawatdi, signed the MoC which aims to enhance the mutually beneficial development of the secondary mortgage finance market in both countries as well as to explore joint borrowers oppurtunities. The ceremony was witnessed by the Board Chairman of SMC, a state enterprise under the Ministry of Finance, Mr. Boonchai Charassangsomboon, as well as senior officials of both organisations.
“The MoC marks an important milestone in the collaboration between Cagamas and SMC. Cagamas welcomes this initiative which aims to enhance the strategic cooperation between Malaysia and Thailand, including amongst others, research and knowledge sharing related to housing finance. This initiative is in line with both institutions’ mandate to develop the secondary mortgage finance market,” said Datuk Chung.
“This cooperation is a synergetic effort from both parties in conjunction with the coooperation between the members of the Asian Secondary Mortgage Market Association (ASMMA) and the newly established International Secondary Mortgage Market Association (ISMMA), particularly in the development of the home mortgage financing market,” added Datuk Chung.
The implementation of the MoC is aimed at paving the way for greater collaboration as well as enhancing interlinkages and business opportunities between both countries.
President/Chief Executive Officer of Cagamas, Datuk Chung Chee Leong and President of the SMC, Mrs. Wasukarn Visansawatdi, signed the MoC which aims to enhance the mutually beneficial development of the secondary mortgage finance market in both countries as well as to explore joint borrowers oppurtunities. The ceremony was witnessed by the Board Chairman of SMC, a state enterprise under the Ministry of Finance, Mr. Boonchai Charassangsomboon, as well as senior officials of both organisations.
“The MoC marks an important milestone in the collaboration between Cagamas and SMC. Cagamas welcomes this initiative which aims to enhance the strategic cooperation between Malaysia and Thailand, including amongst others, research and knowledge sharing related to housing finance. This initiative is in line with both institutions’ mandate to develop the secondary mortgage finance market,” said Datuk Chung.
“This cooperation is a synergetic effort from both parties in conjunction with the coooperation between the members of the Asian Secondary Mortgage Market Association (ASMMA) and the newly established International Secondary Mortgage Market Association (ISMMA), particularly in the development of the home mortgage financing market,” added Datuk Chung.
The implementation of the MoC is aimed at paving the way for greater collaboration as well as enhancing interlinkages and business opportunities between both countries.
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