Maybank partners with ministry for MM2H initiative
Maybank said its wealth management arm, Maybank Premier, will offer a range of solutions tailored to successful MM2H applicants.
PETALING JAYA: Malayan Banking Bhd (Maybank) is the first among a select group of banks in Malaysia to partner with the Tourism, Arts and Culture Ministry for the Malaysia My Second Home (MM2H) programme.
In a statement, Maybank said its wealth management arm, Maybank Premier, will offer a range of solutions tailored to successful MM2H applicants, supporting national efforts to attract global talent and long-term foreign residents.
The MM2H programme offers long-term visas that can be renewed every five to 20 years. It is aimed at retirees, professionals, and global investors.
The latest framework includes three categories, with extra benefits for those who invest in Malaysia's Special Economic Zones and Special Financial Zones.
Maybank is launching a series of international roadshows and activities as part of the collaboration, starting with a recent event in Maybank Tower in Singapore. Trading ideas: Maybank, Velesto, Duopharma, IHH, Malakoff, EcoWorld, SCable, MBSB, Kimlun, Sapura Industral, Eversendai, SunCon, PetChem, Aeon, TSH, MyEG
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Express
5 hours ago
- Daily Express
Sabah ideal for renewable energy investors
Published on: Monday, June 09, 2025 Published on: Mon, Jun 09, 2025 By: Jonathan Nicholas Text Size: Ranita (right) and Saiful (second right) with panelist Head of ESG/Sustainability at MARC Solutions Sdn Bhd, Leslie Jong Vui Min (second left). Kota Kinabalu: Sabah is a viable destination for renewable energy investment, with the potential to leverage the debt capital markets to finance major green infrastructure projects. Speaking during the Fireside Chat: Opening Doors to Renewable Energy Projects Through the Debt Capital Markets, recently, Maybank's Head of ESG Strategy and Solutions, Ranita Abdullah, said the state has already demonstrated its ability to attract green financing. Advertisement 'There's historical precedent and market appetite. Sabah is positioned to scale up its renewable portfolio, especially in solar and hydro, with appropriate financial structuring,' she said, adding that Maybank has mobilized RM160 billion in sustainable finance since 2021. She said, debt capital markets are expected to play a significant role in financing the next wave of renewable energy projects. 'Green sukuk and bonds offer long-term fixed-rate structures and access to a broader investor base. Financial institutions are more than ready. 'What matters is project quality. We assess off-take risk, regulatory certainty, and long-term viability,' Ranita said. Advertisement Director of Strategic Planning at the Sustainable Energy Development Authority (SEDA) Saiful Hakim Abdul Rahman said in Sabah, connectivity remains a major constraint. 'Sabah's resources are largely in remote areas. The challenge lies in grid access and infrastructure. A green grid will improve transmission capacity and integrate distributed renewable sources. 'Sabah has higher renewable resource diversity compared to Peninsular Malaysia, including potential in hydro, bioenergy, geothermal, and ocean energy. 'However, the state has underperformed in bioenergy uptake, due largely to feedstock inconsistency and scale challenges. 'Most bioenergy projects require long-term feedstock supply at fixed costs. Without vertical integration, this is difficult to secure,' he said. It was highlighted that solar energy has become the preferred option for Sabah due to its scalability, declining costs, and shorter development time. Compared to hydro or bioenergy, which often require significant lead time, environmental assessments, and infrastructure buildout, solar installations can be deployed more rapidly and are less site-constrained. Sabah's high solar irradiance also supports consistent generation potential, making it attractive for investors seeking predictable returns. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Malay Mail
6 hours ago
- Malay Mail
Bargain hunting lifts Bursa Malaysia at opening, cautious trade sentiment bolsters gains
KUALA LUMPUR, June 9 — Bursa Malaysia opened higher today, supported by bargain hunting as the market was mostly lower last week, driven by cautious United States (US)–China trade sentiment and a lack of positive economic figures from both countries. At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) earned 2.58 points to 1,519.37 from Friday's close of 1,516.79. The benchmark index opened at 1,518.06, higher by 1.27 points. Market breadth was positive, with gainers outpacing losers 175 to 76. A total of 236 counters were unchanged, 1,873 untraded and 20 suspended. Turnover stood at 93.49 million units, valued at RM63.13 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said trading activities remained muted last week as seen from the weak daily volume, which dwindled to below the two billion shares mark. 'This could be attributed to the widespread downgrades of the benchmark index target for 2025 by the research fraternity recently,' he said in a research note today. Thong also said that the broker firm expects the index to hover within the 1,510–1,520 level today. Hong Leong Investment Bank Bhd said last week's local market performance was in tandem with the mixed regional markets and persistent foreign net outflows, which saw KLCI losing 1.3 points to 1,516.8, after rising 14.8 points in two days. Among the heavyweights, Maybank added one sen to RM9.71, Tenaga Nasional rose four sen to RM14.24, Public Bank and CIMB were both flat at RM4.26 and RM6.84, respectively, while QL Resources was seven sen better at RM4.44, and Sunway earned four sen to RM4.84. Among the most active stocks, Hartanah Kenyalang improved half-a-sen to 16.5 sen, MPire accumulated two sen to 11 sen, ATA IMS was one sen higher at 31.5 sen, and Yinson jumped eight sen to RM2.42. On the index board, the FBM Emas Index added 31.70 points to 11,387.04, the FBMT 100 Index appreciated 30.60 points to 11,154.30, the FBM Emas Shariah Index climbed 37.28 points to 11,366.50, while the FBM 70 Index soared 91.37 points to 16,387.95. However, the FBM ACE Index erased 6.06 points to 4,513.26. Sector-wise, the Financial Services Index ticked up 20.74 points to 17,729.05, the Energy Index increased 6.85 points to 725.30, but the Industrial Products and Services Index was down 0.50 of a point to 151.30, and the Plantation Index shed 0.53 of a point to 7,252.32. — Bursa
The Star
15 hours ago
- The Star
Refine offerings to woo migrant investors
RECENTLY, Malayan Banking Bhd introduced a package for successful Malaysia My Second Home (MM2H) applicants. This was done in collaboration with the Tourism, Arts and Culture Ministry (Motac). The package offers preferential rates, low fixed-rate charges for unit trust investments, automatic Premier banking status, and financial advisory services. Billed as RM9.73 for the 1st month then RM13.90 thereafters. RM12.33/month RM8.63/month Billed as RM103.60 for the 1st year then RM148 thereafters. Free Trial For new subscribers only
