HONG LEONG BANK FORMS STRATEGIC ALLIANCE WITH MIDA, ENSURING MALAYSIA REMAINS AN INVESTMENT DESTINATION OF CHOICE
KUALA LUMPUR, April 16 (Bernama) -- Aligned with the government’s commitment to making Malaysia the chosen investment destination for foreign and domestic investors and businesses, Hong Leong Bank (“HLB” or the “Bank”) has recently formed a strategic collaboration with the Malaysian Investment Development Authority (“MIDA”), pledging to support the overall investment ecosystem and provide comprehensive financing and banking services for businesses entering the Malaysian market. Today’s event was notably graced by YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI), who witnessed the MOU exchange, highlighting the government's support for this initiative.
Malaysia has approved RM329.5 billion in investments across various economic sectors for the year 2023. Boosted by this recent injection of investments and a robust economic framework, the government hopes to elevate Malaysia’s standing on the global stage, establishing the country as a prime investment destination by ensuring a seamless and integrated investment process. The agreement was officiated by Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA, and Mr. Kevin Lam, Group Managing Director and Chief Executive Officer of Hong Leong Bank Berhad, marking a commitment to foster a strategic alliance that promotes sustained business growth and engagement across Malaysia's SMEs and commercial sectors.
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