Hong Leong Bank Forms Strategic Alliance With Mida, Ensuring Malaysia Remains An Investment Destination Of Choice

KUALA LUMPUR, April 16 (Bernama) — In a move to further strengthen Malaysia’s position as a top investment destination, Hong Leong Bank (“HLB” or the “Bank”) has entered into a strategic alliance with the Malaysia Investment Development Authority (MIDA). This collaboration aims to attract more foreign and domestic investments into the country, creating new opportunities for economic growth and development.

The partnership between HLB and MIDA will see the two entities working closely together to promote Malaysia as a preferred investment destination. This includes leveraging on HLB’s extensive network and expertise in the banking and financial sector, as well as MIDA’s knowledge and experience in attracting investments across various industries. Through this alliance, both parties are committed to providing comprehensive support and solutions to potential investors, making it easier for them to do business in Malaysia.

With this strategic alliance, HLB and MIDA are confident that Malaysia will continue to attract high-quality investments, creating more job opportunities and contributing to the country’s economic growth. The collaboration also aligns with the government’s efforts to attract sustainable and high-value investments, in line with the National Investment Aspirations (NIA) and the Shared Prosperity Vision 2030.

According to Kevin Lam, Group Managing Director and Chief Executive Officer of HLB, “We are excited to partner with MIDA in promoting Malaysia as a preferred investment destination. As a leading financial institution in the country, we are committed to supporting the government’s efforts in driving economic growth and creating a conducive business environment for investors. With our strong presence and expertise in the banking sector, we are confident that this alliance will bring significant benefits to both local and foreign investors.”

The strategic alliance between HLB and MIDA is a testament to Malaysia’s attractiveness as an investment destination, with its stable political landscape, strategic location, and skilled workforce. This collaboration will further enhance Malaysia’s position as a top investment destination, ensuring sustainable economic growth and development for the country.

-MIDA / AsiaNewsToday