AI Summary
Maybank has committed to supporting the Johor-Singapore Special Economic Zone (JS-SEZ) with up to RM2.35 billion in client investments over the next decade. This support, formalized through a letter of intent with the Ministry of Economy, will focus on financing (including green and Islamic financing), promoting the zone globally, stakeholder engagement, and research. Maybank aims to strengthen the local ecosystem, particularly for SMEs, and attract foreign direct investment. They have already facilitated LOIs from Singaporean companies in sectors like renewable energy, manufacturing, and healthcare, aligning with the Madani Economy's growth objectives.
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