00:00According to industry leaders, financial institutions are prepared to provide end-to-end support for investors in the Johor, Singapore Special Economic Zone, offering a full suite of services to facilitate foreign direct investment.
00:15Chuk Suk-yin, head of Foreign Direct Investment Advisory in the CEO's office at United Overseas Bank Limited, said the bank was well-positioned to connect the dots for businesses entering Malaysia.
00:26So for UOB, besides just having a strong network connectivity, so essentially what we have is the financial supply chain management solutions, which actually helps investors to expand their local sourcing and also to support those new suppliers that follows the anchor that enters Malaysia.
00:50Chuk was responding to a question from FMT Managing Director Azim Abu Bakar, who moderated the session, on the role that financial institutions play in supporting expansion into the JSSEZ.
01:02Johor, Medini, up and coming, it's becoming a hub where we can see a lot of cross-border opportunities and businesses.
01:15How do we then really unlock the potential of Johor?
01:19And pretty much what's going to unlock this potential is the financial aspect of things.
01:24And in order to make things happen here, the money has to come in, right?
01:32But how is it going to come in?
01:34Meanwhile, Afinhuang Investment Bank's head of research, Long Chi Wei, said the bank had evolved beyond financing to help connect stakeholders such as state authorities, manufacturers and supply chain partners.
01:46Basically, we have some of these strategic agreements, for example, with Afinh Bank, Afinh Group has signed with Mitsubishi UFJ.
01:57So basically, we have come together to cooperate in strategic sectors, especially in Johor, especially in terms of like promoting certain sectors and how to facilitate investments, maybe from Japan into Malaysia.
02:13The JSSEZ, formerly established in January, aims to attract about 100 projects worth 100 billion ringgit and create about 100,000 jobs in high-value sectors such as manufacturing, digital economy, logistics, clean energy and tourism over the next decade.
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