Hong Leong Bank Ready to Support Businesses

Capitalizing on cross-border opportunities, HLB looks forward to providing comprehensive financial solutions to corporate and

SME clients seeking to capitalize on regional development opportunities

KUALA LUMPUR, 28 FEBRUARY 2025 – Hong Leong Bank (“HLB” or “the Bank”), a member of the Hong Leong Group in Malaysia, expresses its support for the signing of a Memorandum of Understanding (“MOU”) between its sister company, Singapore-based GuocoLand Limited (“GuocoLand”) and UEM Sunrise Berhad. 

This partnership aligns strategically with the Johor-Singapore Special Economic Zone (“JS-SEZ”), and is poised to drive significant economic growth in Iskandar Puteri, Flagship Zone B region, offering a compelling proposition for businesses seeking to leverage cross-border synergies.  The JS-SEZ, envisioned as a thriving hub for advanced industries and innovation, is expected to generate substantial investment, create numerous jobs, and boost trade between Malaysia and Singapore.  

“As a member of the Hong Leong Group, we are excited about the MOU between GuocoLand and UEM Sunrise, signifying a pivotal milestone that will decisively strengthen the Johor-Singapore economic corridor. HLB is committed to actively supporting its success by providing comprehensive financial services. We are confident this development will serve as a powerful catalyst for economic growth within the JS-SEZ, attracting high-value industries and fostering a dynamic business ecosystem,” said Kevin Lam, Group Managing Director and CEO of HLB.  

Leveraging on the Bank’s extensive presence and deep understanding of both the Malaysian and Singaporean markets, HLB is well-positioned to provide comprehensive financial solutions to corporate and SME clients seeking to capitalize on the opportunities presented by this strategic partnership. 

“The Bank offers a full suite of banking services, from financing and cash management to global markets expertise and employee banking, designed to support businesses at every stage of their growth. Supported by a dedicated team of industry and client coverage specialists, these services include tailored financing solutions for Singapore corporate and SME businesses looking to set up or expand their operations within the JS-SEZ,” said Ng Wee Lee, Managing Director and CEO of HL Bank Singapore.

Beyond property financing, HLB provides streamlined and efficient cash management solutions to optimize working capital, offering Malaysian and Singaporean corporate and SME businesses access to bespoke and competitive capital expenditure (CAPEX) and working capital financing options. For those engaged in international trade, HLB offers access to a wide range of treasury and foreign exchange solutions through its Global Markets division, enabling them to navigate the complexities of cross-border transactions. HLB also offers comprehensive banking services for employees of companies within the JS-SEZ.