UOB, FMM and SMF ink MoU to boost Malaysia-Singapore manufacturing ties

From left: Federation of Malaysian Manufacturing president Tan Sri Soh Thian Lai, UOB Malaysia CEO Ng Wei Wei, UOB deputy chairman and CEO Wee Ee Cheong, Singapore Deputy Prime Minister and trade and industry minister Gan Kim Yong and deputy investment, trade and industry minister Liew Chin Tong.

KUALA LUMPUR: United Overseas Bank (Malaysia) Bhd (UOB Malaysia) has signed a tripartite memorandum of understanding (MoU) with the Federation of Malaysian Manufacturers (FMM) and the Singapore Manufacturing Federation (SMF) to strengthen regional economic integration and promote foreign direct investment (FDI) flows.

The bank, in a statement, said the partnership aims to strengthen the Malaysia-Singapore manufacturing corridor by leveraging UOB’s regional network and expertise to help businesses, especially SMEs, expand across borders and grow sustainably.