HL Bank Singapore recently hosted a high-level forum titled ‘ASEAN’s Next Engine of Economic Growth’ to explore the vast cross-border opportunities presented by the Johor-Singapore Special Economic Zone (JS-SEZ). The event, held on 3 June 2025, brought together key figures from organisations such as the Iskandar Regional Development Authority, Bank Negara Malaysia, and the Malaysian Investment Development Authority, alongside experts from Hong Leong Bank (HLB) and HL Bank Singapore.
The JS-SEZ, covering over 3,500 square kilometres, is set to become a hub for advanced industries and innovation, significantly boosting trade between Malaysia and Singapore. With nine flagship zones, it aims to create a diversified economic landscape. Hong Leong Bank is leveraging its extensive presence in both markets to offer seamless financial solutions to businesses looking to capitalise on these opportunities.
Ng Wee Lee, chief executive of HL Bank Singapore, emphasised the bank’s commitment to supporting Singaporean businesses in the JS-SEZ, stating, “Our commitment to Singaporean businesses extends beyond just transactions; we are invested in their long-term prosperity.”
The forum highlighted HLB’s comprehensive banking services, which include tailored financing solutions for corporate and SME clients, as well as cash management and global markets expertise. Yow Kuan Tuck, managing director of business & corporate banking at HLB, noted, “The JS-SEZ is not just about today’s opportunities but has the potential to reshape part of the economic future of ASEAN.”
As the JS-SEZ continues to develop, Hong Leong Bank’s cross-border financial solutions are poised to play a crucial role in supporting businesses and fostering economic integration in the region.
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