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Local firms eyeing Malaysian forays get banking boost
July 18, 2025
|The Straits Times
Businesses in Singapore will benefit from workshops, faster opening of bank accounts and more under an agreement aimed at boosting cross-border collaborations with an eye on the Johor-Singapore Special Economic Zone (JS-SEZ).
The memorandum of understanding inked on July 17 between Maybank, Malaysia's largest lender by assets, and the Singapore Chinese Chamber of Commerce and Industry (SCCCI) is also looking to tap opportunities across South-east Asia.
The region is projected to become the world's fourth-largest economy by 2030, with a combined gross domestic product of US$4.5 trillion (S$5.8 trillion).
SCCCI and Maybank said they will hold meetings, workshops and networking events to promote development, investment and trade, with a focus on the JS-SEZ.
Maybank will provide tailored solutions for businesses, including faster onboarding of accounts. It will also support programmes on topics like sustainability and syariah-compliant investments.
هذه القصة من طبعة July 18, 2025 من The Straits Times.
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