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Maybank to help smaller firms expand in Johor-Singapore SEZ
The Straits Times
|February 28, 2025
It will offer support in market access, account openings, advisory services
Maybank Singapore signed an agreement on Feb 27 that aims to help smaller firms expand in the Johor-Singapore Special Economic Zone (JS-SEZ).
The memorandum of understanding (MOU) inked with the Association of Small and Medium Enterprises (ASME) will involve Maybank supporting companies in areas such as enabling market access, providing faster account openings and offering educational resources, training and advisory services.
The bank, South-east Asia's fourth-largest by assets, will also offer green lane financing in Malaysia for loans of up to RM20 million ($6.04 million).
Maybank Singapore said the number of inquiries and referrals from small and medium-sized enterprises (SMEs) about doing business in Johor jumped 250 per cent in 2024 compared with 2023. The JS-SEZ was officially announced in October 2023.
This story is from the February 28, 2025 edition of The Straits Times.
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