Latest news with #SCCCI
The Sun
18-07-2025
- Business
- The Sun
SCCCI, Maybank in pact to drive investments in Southeast Asia, with focus on JS-SEZ
PETALING JAYA: Malaysia is set to benefit from a landmark memorandum of understanding (MoU) signed between the Singapore Chinese Chamber of Commerce and Industry (SCCCI) and Maybank Singapore Ltd. The MoU aims to enhance cross-border business collaboration and stimulate investments across Southeast Asia, with a strategic focus on Singapore, Malaysia and the Johor-Singapore Special Economic Zone (JS-SEZ). Maybank Singapore CEO Alvin Lee Han Eng said with 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. 'Beyond deepening economic cooperation between Singapore and Malaysia, Maybank also brings the strength of its presence across all 10 Asean markets to support SCCCI members in pursuing regional growth ambitions,' he said in a statement. The MoU signing was witnessed by Singapore's Minister of State for Foreign Affairs and Trade and Industry Gan Siow Huang. With Southeast Asia poised to become the world's fourth-largest economy by 2030 and a projected combined gross domestic product of US$4.5 trillion (RM19 trillion), the region offers significant growth opportunities, particularly in the digital and green economy sectors. In this regard, Malaysia positions itself as a key investment hub for Singaporean businesses due to its diversified economy. Against this backdrop, Singapore and Malaysia are working collaboratively to advance the JS-SEZ and other bilateral initiatives aimed at strengthening economic growth, improving connectivity, enhancing supply chain integration, and creating employment opportunities, therefore unlocking Southeast Asia's significant economic potential. Building on this momentum, SCCCI and Maybank will collaborate on initiatives aimed at promoting economic development, investment and trade, with the JS-SEZ as a strategic focal point. This will include jointly organising meetings, visits, conferences, workshops and networking events, while launching new initiatives to advance shared objectives. In addition, Maybank will provide tailored solutions including green lane financing, trade finance, cash management, and environmental, social and governance-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. SCCCI president Kho Choon Keng said this strategic partnership between SCCCI and Maybank strengthens its members' competitiveness for the future. 'In the face of an increasingly complex and rapidly changing business landscape, strong financial capabilities and deep regional insight are critical. '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,' he said. The SCCCI-Maybank Mid-Year Business Forum: Outlook 2025 held in Singapore today highlighted the momentum of this collaboration.
The Sun
17-07-2025
- Business
- The Sun
SCCI, Maybank in pact to drive investments in Southeast Asia, with focus on JS-SEZ
PETALING JAYA: Malaysia is set to benefit from a landmark memorandum of understanding (MoU) signed between the Singapore Chinese Chamber of Commerce and Industry (SCCCI) and Maybank Singapore Ltd. The MoU aims to enhance cross-border business collaboration and stimulate investments across Southeast Asia, with a strategic focus on Singapore, Malaysia and the Johor-Singapore Special Economic Zone (JS-SEZ). Maybank Singapore CEO Alvin Lee Han Eng said with 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. 'Beyond deepening economic cooperation between Singapore and Malaysia, Maybank also brings the strength of its presence across all 10 Asean markets to support SCCCI members in pursuing regional growth ambitions,' he said in a statement. The MoU signing was witnessed by Singapore's Minister of State for Foreign Affairs and Trade and Industry Gan Siow Huang. With Southeast Asia poised to become the world's fourth-largest economy by 2030 and a projected combined gross domestic product of US$4.5 trillion (RM19 trillion), the region offers significant growth opportunities, particularly in the digital and green economy sectors. In this regard, Malaysia positions itself as a key investment hub for Singaporean businesses due to its diversified economy. Against this backdrop, Singapore and Malaysia are working collaboratively to advance the JS-SEZ and other bilateral initiatives aimed at strengthening economic growth, improving connectivity, enhancing supply chain integration, and creating employment opportunities, therefore unlocking Southeast Asia's significant economic potential. Building on this momentum, SCCCI and Maybank will collaborate on initiatives aimed at promoting economic development, investment and trade, with the JS-SEZ as a strategic focal point. This will include jointly organising meetings, visits, conferences, workshops and networking events, while launching new initiatives to advance shared objectives. In addition, Maybank will provide tailored solutions including green lane financing, trade finance, cash management, and environmental, social and governance-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. SCCCI president Kho Choon Keng said this strategic partnership between SCCCI and Maybank strengthens its members' competitiveness for the future. 'In the face of an increasingly complex and rapidly changing business landscape, strong financial capabilities and deep regional insight are critical. '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,' he said. The SCCCI-Maybank Mid-Year Business Forum: Outlook 2025 held in Singapore today highlighted the momentum of this collaboration.
Business Times
17-07-2025
- Business
- Business Times
Maybank, SCCCI join forces to power up Johor-Singapore SEZ
[SINGAPORE] Local businesses looking to tap opportunities in the Johor-Singapore Special Economic Zone (JS-SEZ) can look forward to quicker bank account openings, green-lane financing, halal advisory services, and more. The Singapore Chinese Chamber of Commerce & Industry (SCCCI) and Maybank Singapore on Thursday (Jul 17) inked a pact to promote economic development, investment and trade – with the massive 3,571-square-kilometre zone as a strategic focal point. Some 5,000 SCCCI corporate members can benefit from capacity-building programmes in the areas of sustainability, halal advisory and financial services, aided by Maybank's dedicated JS-SEZ desk, a joint media release indicated. Additionally, the bank will offer tailored solutions such as green-lane financing, trade finance, cash management as well as environmental, social and governance-linked products. The two parties will also collaborate on initiatives such as meetings, visits, conferences, workshops and networking events. The memorandum of understanding was signed at the SCCCI-Maybank Mid-Year Business Forum: Outlook 2025, held at the business chamber's auditorium. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up Speaking in Mandarin at the event, Minister of State for Trade and Industry Gan Siow Huang urged businesses to explore beyond traditional markets and better understand emerging ones – across regions such as South-east Asia and Africa – to find new growth areas. SCCCI president Kho Choon Keng said: 'In the face of an increasingly complex and rapidly changing business landscape, strong financial capabilities and deep regional insight are critical.' Noting the bank's dual-market advantage in Singapore and Malaysia, Maybank Singapore chief executive Alvin Lee reaffirmed the group's commitment to supporting businesses with banking solutions while identifying 'twinning opportunities for expansion' into the JS-SEZ. With South-east Asia poised to become the world's fourth-largest economy by 2030, the region offers significant growth opportunities, with Malaysia positioning itself as a key investment hub for Singaporean businesses due to its diversified economy, SCCCI and Maybank said in the joint statement. Read more stories on the JS-SEZ
Straits Times
17-07-2025
- Business
- Straits Times
Singapore businesses to get boost in Malaysia forays under pact
Find out what's new on ST website and app. The MOU signed between SCCCI and Maybank Singapore was witnessed by (back, from left) Mr Kho Choon Keng, SCCCI President; Ms Gan Siow Huang, Minister of State for Foreign Affairs and Trade and Industry; and Mr Chong Wee Yeat, Head of Global Banking, Maybank Singapore. SINGAPORE – Businesses in Singapore will benefit from workshops, faster opening of bank accounts and more under a pact aimed at boosting cross-border collaborations with an eye on the Johor-Singapore Special Economic Zone. The memorandum of understanding inked on July 17 between Maybank, Malaysia's largest lender by assets, and the Singapore Chinese Chamber of Commerce and Industry (SCCCI) is also looking to tap opportunities across South-east Asia. The region is projected to become the world's fourth-largest economy by 2030, with a combined gross domestic product of US$4.5 trillion (S$5.8 trillion). SCCCI and Maybank said they will hold meetings, workshops and networking events to promote development, investment and trade, with a focus on the Johor-Singapore Special Economic Zone. Maybank will provide tailored solutions for businesses, including the faster onboarding of accounts. It will also support programmes on topics like sustainability and syariah-compliant investments. 'This collaboration not only demonstrates a long-term commitment to Singapore businesses, but also marks a more active role for both parties in the new regional development landscape,' said Mr Chong Wee Yeat, head of global banking at Maybank Singapore. Mr Kho Choon Keng, president of SCCCI, which has 5,000 corporate members and over 150 trade association members, said the agreement will help businesses expand into international markets with confidence and efficiency. 'Singapore has understood the importance of international opportunities since its founding. Today, in this uncertain environment, we should continue to open our minds and broaden our horizons to international development,' he said. Minister of State for Trade and Industry Gan Siow Huang, who witnessed the signing of the pact at the SCCCI building in Hill Street, said the Government will continue to support businesses that are dealing with an uncertain external environment. She pointed to the Business Adaptation Grant, which was announced by the Singapore Economic Resilience Taskforce last week. The grant, which is meant to help businesses adjust to a new tariff landscape, will be launched by October. It will be capped at $100,000 per company and require co-funding. The Johor-Singapore Special Economic Zone is expected to create 20,000 skilled jobs for people on both sides of the Causeway. The zone for business and investment in Malaysia covers the Iskandar Development Region. It is already expected to draw investments from Singapore-based clients of Maybank.
The Star
17-07-2025
- Business
- The Star
Maybank Singapore, SCCCI collaborate on driving investment in JS-SEZ
SCCCI vice-president Lim Hock Chee (seated, left) and Maybank Singapore head of community financial services Adam Tan presenting the signed documents. The signing was witnessed by (from left) SCCCI president Kho Choon Keng, Singapore's State for Foreign Affairs and Trade and Industry Minister Gan Siow Huang and Maybank Singapore head of global banking Chong Wee Yeat 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.
