KUALA LUMPUR: HL Bank Singapore convened a high-level forum themed "ASEAN’s Next Engine of Economic Growth:, to address the immense cross-border opportunities presented by the Johor-Singapore Special Economic Zone (JS-SEZ) and to discuss comprehensive financial solutions for businesses operating within this dynamic zone.
The forum featured esteemed speakers from key organizations instrumental to the JS-SEZ's development, including Iskandar Regional Development Authority (IRDA), Bank Negara Malaysia (BNM), the Malaysian Investment Development Authority (MIDA), and law firm M/s Christopher & Lee Ong (CLO), alongside experts from HLBS’s Malaysia headquarters, Hong Leong Bank (“HLB”) and HL Bank Singapore.
The JS-SEZ is envisioned as a thriving hub for advanced industries and innovation, poised to generate substantial investment, create numerous jobs, and significantly boost trade between Malaysia and Singapore.
The zone, covering over 3,500 sq km, more than four times the size of Singapore, will encompass nine flagship zones, each catering to different sectors to create a diversified economic landscape.
Recent shifts in global trade dynamics have amplified the importance of the JS-SEZ, positioning it as a critical platform for businesses seeking to strengthen their supply chains and enhance their resilience to global economic uncertainties
"As the JS-SEZ unfolds as Asean's next engine of growth, the bank will be a steadfast partner, providing the financial backbone and expert insights to help our clients not just participate, but truly flourish in this exciting new chapter of regional economic integration,” said Ng Wee Lee, chief executive of HL Bank Singapore, in a statement.
