Mida, Mizuho units team up

KUALA LUMPUR: Malaysian Industrial Development Authority (Mida) has teamed up with the subsidiaries of one of Japan's largest financial conglomerates to facilitate cross-border investments, in a bid to attract more Japanese small- and medium-scale enterprises (SMEs) to invest in Malaysia. 

Mida, which yesterday signed a two-year memorandum of understanding (MoU) with Mizuho Financial Group units Mizuho Corporate Bank Ltd and Mizuho Bank Ltd, is set to leverage on the group's extensive client network in Japan as well as Malaysia's excellent investment climate to enhance cross-border investments.