28th February 2025 - 2 min read
Hong Leong Bank has affirmed its support for the recent signing of a Memorandum of Understanding between its sister company, Singapore-based GuocoLand Limited, and UEM Sunrise Berhad. This partnership aligns with the Johor-Singapore Special Economic Zone and is expected to drive substantial economic growth in Iskandar Puteri, Flagship Zone B. The collaboration aims to enhance cross-border synergies, positioning the JS-SEZ as a dynamic hub for advanced industries, investment, and trade between Malaysia and Singapore.
Kevin Lam, Group Managing Director and CEO of Hong Leong Bank, described the agreement as a pivotal milestone that will strengthen the Johor-Singapore economic corridor. He reaffirmed the bank’s commitment to supporting its success by providing comprehensive financial services, with the expectation that the development will attract high-value industries and create a robust business ecosystem.
With a strong presence and deep market knowledge in both Malaysia and Singapore, Hong Leong Bank is well-equipped to offer corporate and SME clients financial solutions tailored to the opportunities presented by this partnership. The bank provides a full suite of banking services, including financing, cash management, and global markets expertise, catering to businesses at every stage of their growth.
Ng Wee Lee, Managing Director and CEO of HL Bank Singapore, highlighted the bank’s ability to support Singaporean corporate and SME businesses looking to establish or expand their presence within the JS-SEZ. Hong Leong Bank offers tailored financing solutions, competitive capital expenditure and working capital financing options, and efficient cash management services to optimise business operations. Additionally, businesses engaged in international trade can access the bank’s treasury and foreign exchange solutions through its Global Markets division, ensuring seamless cross-border transactions.
Beyond corporate services, Hong Leong Bank provides comprehensive banking solutions for employees of companies within the JS-SEZ, further solidifying its role in facilitating financial connectivity between Malaysia and Singapore. The bank’s involvement underscores its commitment to fostering economic growth and enabling businesses to capitalise on the expanding opportunities within the region.
(Source: Hong Leong Bank)
Samuel writes about personal finance and financial news, focusing on how banking updates, policies, and promotions affect everyday money decisions. He enjoys making complicated financial topics easier to follow. Outside of writing, he spends his time watching TV shows and occasionally convincing himself he will only watch one episode.
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