Maybank Singapore Ltd has entered into a memorandum of understanding with the Singapore Chinese Chamber of Commerce and Industry to enhance cross-border business collaboration and drive investments with a strategic focus on the Johor-Singapore Special Economic Zone.
In a joint statement, the parties said the collaboration aims to promote economic development, investment and trade between the two countries. The partnership will see both organisations jointly organise meetings, visits, conferences, workshops and networking events while introducing new initiatives to advance shared objectives.
Maybank will offer tailored solutions to businesses, including green lane financing, trade finance, cash management and ESG-linked products, as well as facilitate faster account onboarding. Members of the Chamber will also gain access to capacity-building programmes in areas such as sustainability, Halal advisory and financial services, supported by dedicated advisory services from Maybank’s Johor-Singapore Special Economic Zone Desk.
The agreement is expected to benefit approximately 5,000 corporate members of the Chamber.
SCCCI president Kho Choon Keng said the combination of the Chamber’s extensive business network with Maybank’s financial strength would enable members and local businesses to access cross-border financing, build ESG competencies and gain valuable market insights. He added that the partnership would open new economic opportunities and help businesses succeed in Malaysia and across Southeast Asia.
Maybank Singapore chief executive officer Alvin Lee Han Eng highlighted the bank’s dual-market advantage in Singapore and Malaysia as one of the earliest proponents of the Johor-Singapore Special Economic Zone. He said Maybank is committed to supporting businesses with a comprehensive suite of banking solutions while identifying twinning opportunities for expansion into the zone.
-The Star
