Latest news with #MUFGBank(Malaysia)Bhd
New Straits Times
5 days ago
- Business
- New Straits Times
Mida, MUFG Bank join forces to boost high-value investments in Malaysia
KUALA LUMPUR: The Malaysian Investment Development Authority (Mida) and global banking subsidiary MUFG Bank (Malaysia) Bhd have teamed up to accelerate high-value investments in the country. The partnership focuses on attracting global investment in semiconductors, specialty chemicals, aerospace, pharmaceuticals, medical devices, electric vehicles, digital sectors and green technology. In a statement, Mida said the collaboration comes at a crucial time for Malaysia's economic transformation in light of the recent 13th Malaysia Plan announced last week. Mida chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the partnership's strengthen Malaysia-Japan economic ties. "This strategic alliance will actively promote investment opportunities in high-value and competitive sectors by facilitating bilateral investments. "By leveraging our extensive business networks and ecosystems, we seek to foster joint ventures and strategic partnerships between Malaysian and Japanese companies. "We will also work together to position Malaysia as a welcoming destination for Japanese investors, including through events and outreach activities that support mutual engagement," he added. Meanwhile, MUFG Malaysia country head and CEO Motohide Okuda said the partnership reflects a shared vision to support Malaysia's economic growth by leveraging on the bank's global network. "This will promote high quality inbound investments from global and Japanese corporates and further contribute to the sustainable development and long-term success of Malaysia," he said.
The Sun
5 days ago
- Business
- The Sun
MIDA and MUFG Bank partner to boost high-value investments in Malaysia
KUALA LUMPUR: The Malaysian Investment Development Authority (MIDA) and MUFG Bank (Malaysia) Bhd have formed a strategic partnership to accelerate high-value investments in Malaysia. The memorandum of understanding (MoU) targets global investments in semiconductors, speciality chemicals, aerospace, pharmaceuticals, medical devices, electric vehicles, digital sectors, and green technology. MIDA CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid highlighted the partnership's role in enhancing Malaysia-Japan economic relations. 'This strategic alliance will actively promote investment opportunities in high-value and competitive sectors by facilitating bilateral investment.' He added that the collaboration will leverage business networks to foster joint ventures and strategic partnerships between Malaysian and Japanese firms. The partnership also aims to position Malaysia as an attractive destination for Japanese investors through events and outreach initiatives. MIDA noted that the agreement marks a key milestone in Malaysia's push to become a leading innovation hub in Southeast Asia. The timing aligns with Malaysia's economic transformation under the recently announced 13th Malaysia Plan. MUFG Malaysia CEO Motohide Okuda stated that the MoU reflects a shared vision to support Malaysia's economic growth. He emphasised leveraging MUFG's global network to attract high-quality investments from Japan and beyond. The partnership is expected to contribute to Malaysia's sustainable development and long-term success. - Bernama
