KUALA LUMPUR, April 19 – Hong Leong Bank (HLB) and the Malaysian Investment Development Authority (MIDA) have joined forces to bolster Malaysia’s position as a premier investment destination. The strategic collaboration aims to streamline the investment process and provide comprehensive financial services to businesses entering the Malaysian market. The Memorandum of Understanding (MOU) exchange ceremony, graced by YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI), underscores the government’s commitment to fostering a conducive environment for investment.
With Malaysia approving RM329.5 billion in investments in 2023 across various sectors, this partnership signifies a concerted effort to elevate Malaysia’s global standing and attract more investments. Datuk Wira Arham Abdul Rahman, CEO of MIDA, emphasized the importance of collaboration between the government and the private sector in driving economic prosperity. Meanwhile, Kevin Lam, Group Managing Director and CEO of HLB, highlighted the bank’s commitment to supporting regional expansion and enhancing the investment landscape in Malaysia.
Through tailored financing solutions and advisory services, HLB aims to facilitate business growth and create a dynamic economic environment that benefits all stakeholders. The collaboration between HLB and MIDA marks a significant step towards fortifying Malaysia’s position as a competitive and dynamic investment destination, paving the way for mutual growth and prosperity.
