HLB highlights rising opportunities in Johor–Singapore SEZ

KUALA LUMPUR: Hong Leong Bank (HLB) has reinforced its commitment to supporting businesses eyeing the Johor–Singapore Special Economic Zone (JS-SEZ), hosting an industry-wide forum to provide strategic insights and cross-border networking opportunities.

In a statement, HLB said the event brought together key agencies involved in shaping the zone’s development — including MIDA, Bank Negara, IRDA, Invest Johor and experts from EY, CBRE | WTW and Alpha Astral Group — underscoring growing momentum behind the bilateral initiative.

The JS-SEZ has already attracted more than RM90bil in foreign direct investments as at the third quarter of 2025, with approved investments expected to surpass RM100bil by year-end.

Progress on catalytic projects such as the Forest City Special Financial Zone and the Johor Baru–Singapore Rapid Transit System Link continues to strengthen the region’s position as a future regional investment hub, with discussions even extending to potential Indonesian participation.

HLB group managing director and CEO Kevin Lam said the JS-SEZ marks a “pivotal acceleration point” for regional growth, with the potential to draw substantial foreign investment and create up to 20,000 high-skilled jobs over the next decade.

“As a bank, we are well positioned to support businesses looking to enter this region, facilitating exciting business opportunities and developments which will lead to future economic prosperity,” he said.

HLB aims to equip businesses looking to establish a presence in the JS-SEZ with tailored advisory support and a full suite of corporate banking solutions — from cash management and capital financing to treasury and foreign exchange services.

Meanwhile, HLB managing director of business and corporate banking Yow Kuan Tuck said the initiative will spur new commercial districts, residential hubs and transit-oriented developments, creating “generational growth opportunities” for Malaysian companies.

“We are committed to helping local businesses scale and expand into foreign markets, leveraging our expertise to support sustainable growth and wealth creation,” he said.