KUALA LUMPUR: Maybank Singapore Ltd has signed a memorandum of understanding (MOU) with the Singapore Chinese Chamber of Commerce & Industry (SCCCI) to strengthen cross-border business collaboration and drive investment in the region with a strategic focus on the Johor-Singapore Special Economic Zone (JS-SEZ).
In a joint statement, the parties said the SCCCI and Maybank will collaborate on initiatives aimed at promoting economic development, investment, and trade.
"This will include jointly organising meetings, visits, conferences, workshops, and networking events, while launching new initiatives to advance shared objectives," it added.
In addition, Maybank will provide tailored solutions including green lane financing, trade finance, cash management, and ESG-linked products, and facilitate faster account onboarding for businesses.
SCCCI members will also benefit from capacity-building programmes in areas such as sustainability, Halal advisory, and financial services, supported by dedicated advisory services from Maybank’s JS-SEZ Desk.
The MoU is expected to benefit an estimated 5,000 SCCCI corporate members.
"By combining SCCCI’s business network with Maybank’s financial strength, we will help our members and local businesses access cross-border financing, build ESG competencies, and gain valuable market insights.
"Together, we will open up new economic opportunities and help our members and businesses succeed in Malaysia and across Southeast Asia," said SCCCI president Kho Choon Keng.
Maybank Singapore CEO Alvin Lee Han Eng said the bank has a dual-market advantage in Singapore and Malaysia as one of the earliest proponents of the JS-SEZ.
"Maybank is committed to supporting businesses with a comprehensive suite of banking solutions, while
identifying twinning opportunities for expansion into the zone," he added.
