Latest news with #IskandarRegionalDevelopmentAuthority
The Star
2 days ago
- Business
- The Star
HL Bank Singapore holds forum on JS-SEZ cross-border opportunities
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.
Nikkei Asia
19-05-2025
- Business
- Nikkei Asia
Malaysia's Maybank backs biofuel, medical projects in Johor special zone
KUALA LUMPUR -- Malaysia's largest bank, Malayan Banking (Maybank), will help three Singapore-based clients' investments in a new economic zone in the southern state of Johor, the bank announced Monday, highlighting the financial sector's growing interest in the cross-border initiative. Maybank is among the six regional and international banks that signed a letter of interest (LOI) with Iskandar Regional Development Authority to facilitate investments in the Johor-Singapore Special Economic Zone (JS-SEZ).
New Straits Times
19-05-2025
- Business
- New Straits Times
Top banks back IRDA with multi-billion ringgit financing commitment for JS-SEZ
KUALA LUMPUR: In a major stride towards realising the Johor-Singapore Special Economic Zone (JS-SEZ), the Iskandar Regional Development Authority (IRDA) has formalised Letters of Intent (LOIs) with a powerhouse lineup of local and international banking institutions, signalling robust financial commitment to the cross-border initiative. The LOIs were signed with CIMB and Maybank, Malaysia's two largest banking groups; Sumitomo Mitsui Banking Corporation (SMBC), a leading Japanese financial giant; HSBC, a global banking heavyweight; CGS International, a key player in regional brokerage and investment services; and Bank of America, one of the world's largest financial institutions with deep expertise in investment banking and wealth management. These strategic partnerships, sealed during the JS-SEZ Partners Dialogue held this morning in Kuala Lumpur under the theme "Advancing Facilitation", underscore the growing investor confidence in the SEZ's potential to drive economic transformation in southern Johor and beyond. The event was officiated by Economy Minister Datuk Seri Rafizi Ramli and Johor Menteri Besar Datuk Onn Hafiz Ghazi, who both highlighted the importance of financial ecosystem readiness in ensuring the success of the SEZ initiative.
Malay Mail
25-04-2025
- Business
- Malay Mail
Iskandar Malaysia hits record RM41.4b in investments for 2024, says PM Anwar
KUALA LUMPUR, April 25 — Iskandar Malaysia has recorded committed investments totalling RM41.4 billion in 2024, an 11 per cent increase compared to RM37.2 billion in 2023, said Prime Minister Datuk Seri Anwar Ibrahim. Anwar, who is also the Finance Minister, said the value marks the highest achievement since Iskandar Malaysia was established. Realised investment value reached RM26.7 billion last year. Foreign investments amounted to RM36.1 billion while domestic investments totalled RM5.3 billion. 'In fact, this achievement proves that investor confidence in Iskandar Malaysia continues to grow,' he said in a post on Facebook yesterday. Anwar said he was informed of this matter during his chairing of the 34th meeting of the Members of Authority, Iskandar Regional Development Authority (IRDA), yesterday. In this regard, Anwar emphasised the importance of developing economic corridors such as Iskandar Malaysia to navigate the increasingly challenging and uncertain global economic and trade conditions. — Bernama
The Sun
24-04-2025
- Business
- The Sun
Iskandar Malaysia records committed investments of RM41.4b in 2024
KUALA LUMPUR: Iskandar Malaysia has recorded committed investments totalling RM41.4 billion in 2024, an 11 per cent increase compared to RM37.2 billion in 2023, said Prime Minister Datuk Seri Anwar Ibrahim. Anwar, who is also the Finance Minister, said the value marks the highest achievement since Iskandar Malaysia was established. 'Realised investment value reached RM26.7 billion last year. Foreign investments amounted to RM36.1 billion while domestic investments totalled RM5.3 billion. 'In fact, this achievement proves that investor confidence in Iskandar Malaysia continues to grow,' he said in a post on Facebook today. Anwar said he was informed of this matter during his chairing of the 34th meeting of the Members of Authority, Iskandar Regional Development Authority (IRDA), today. In this regard, Anwar emphasised the importance of developing economic corridors such as Iskandar Malaysia to navigate the increasingly challenging and uncertain global economic and trade conditions.
