KUALA LUMPUR: Malaysia’s largest lender, Malayan Banking Bhd facilitated as much as RM2.35 billion (US$545 million) in client investments into the Johor-Singapore special economic zone (JS-SEZ) as part of efforts to promote the region.
Maybank facilitated the submission of letters of intent by Singapore-headquartered clients Alpine Renewables and Edible Oils Pte Ltd, Centurion Corp and Thomson Medical Group Ltd into the JS-SEZ, according to a statement today.
Leaders of Singapore and Malaysia in January launched the zone that links the border region of both countries.