Aligned with the government’s commitment to making Malaysia the chosen investment destination for foreign and domestic investors and businesses, Hong Leong Bank (HLB) 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.
Yesterday’s event was notably graced by 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.
The agreement was officiated by Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA, and 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.
Tengku Zafrul remarked, “The key to all development activities is partnership. Partnerships with governments, civil society and the private sector are crucial for nation-building as well as regional cooperation. Through such partnerships, we are setting the stage for Malaysia to shine as a preferred investment destination. The MIDA- Hong Leong MOU aligns with our roadmap to a thriving economy, with opportunities for all, enabling us to look forward to a future where we build on our proud achievements, and collaborate towards more economic innovation and success.”
Meanwhile, Datuk Wira Arham Abdul Rahman, CEO of MIDA, commented on the need for more collaborations between the government and the private sector for the country to build towards shared economic prosperity.
Kevin Lam, Group Managing Director and Chief Executive Officer of HLB highlighted the Bank’s commitment to supporting the regional expansion of corporations into Malaysia, thus helping strengthen the business and investment ecosystem in the country.
-NIAGATIMES
