More including projected timelines:
http://www.iskandarmalaysia.com.my/pdf/cc-openday/IRDA-RandR-eng.pdf
The slides from the old 2010 workshop in Tsukuba:
http://www-iam.nies.go.jp/aim/AIM_workshop/15thAIM/02a_Ho.pdf
Source:
http://www.uobgroup.com/assets/pdfs/about/news/2013/UOB_Malaysia_nr_050313.pdf
1
UOB Malaysia to double its corporate loans to foreign companies
investing in Malaysia within three years
New unit set up to help Singaporean mid-sized SMEs1 expand into Iskandar Malaysia
Singapore, 4 March 2013 – United Overseas Bank (Malaysia) Bhd (UOB Malaysia) aims to double its
corporate loans to foreign companies investing in Malaysia in the next three years.
The Bank has based its projections on the fast-growing volume of foreign direct investments (FDI) and
increased intra-regional trade flows coming into Malaysia.
Currently, Malaysia attracts 10 per cent of the total FDI inflows from intra-regional trade in the Southeast Asian region
2.
To tap these trends, UOB Malaysia has set up an FDI Advisory Unit to help foreign companies
expanding their business into Malaysia.
The unit will provide assistance ranging from company incorporation or further expansion into Malaysia,
access to UOB’s full suite of corporate and personal banking products to borderless financial services
through the Bank’s long established regional network.
UOB Malaysia’s FDI Advisory Unit’s first priority will be to focus on Singapore mid-sized SMEs
expanding their businesses across the causeway into Iskandar Malaysia.
Mr Wong Kim Choong, Chief Executive Officer of UOB Malaysia said, “Iskandar Malaysia’s lower cost of
land, skilled labour resources and special tax incentives are attracting Singaporean companies.”
“As there is growing interest from Singapore companies requiring financing needs overseas, the launch
of this FDI Advisory Unit is timely as it allows customers to tap into the Bank’s ecosystem of financing,
legal advice and contacts with trade bodies.”
Today, Malaysia’s competitive cost of doing business and open policies such as the allowance of
100
per cent foreign equity holdings and funds repatriation to the base country makes it an attractive
business expansion destination.
Singapore companies find Iskandar Malaysia attractive for business expansion plans
Last week, close to 200 mid-sized SMEs from Singapore took part in UOB Group’s first customer
seminar to explore the growth potential and business opportunities available in Iskandar Malaysia.
Because of overwhelming customer response, the new FDI Advisory Unit will continue working with the
Malaysia Investment Development Authority, Iskandar Region Development Authority, Iskandar
Investment Berhad and the Singapore Business Federation to organise these customer seminars on a
regular basis.
Mr Wong noted that there has been keen interest from Singapore companies wanting to establish a
presence or expand their business into Iskandar Malaysia, Johor. “The close proximity to Singapore, as
well as familiarity with the language and culture, are major considerations as they allow Singaporean
companies to comfortably manage their businesses closer to home from across the causeway.”
According to the UOB SME Survey 20133, Malaysia is the second most-preferred country by Singapore
businesses, after Indonesia, for expansion purposes.
Over the past three years, UOB Malaysia has facilitated financing needs for a broad range of foreign
companies setting up business in Johor, including those from the manufacturing, property, food and
beverage, logistics and retail sectors.
The UOB SME Survey 2013 was conducted among 200 Singaporean small and medium-sizes enterprises (SMEs) across
multiple sectors to seek their views on business and economic sentiment, and how the SMEs develop their relationship with
their customers. The survey was done across five markets – Singapore, Malaysia, Indonesia, Thailand and China in November
– December 2012. Close to 800 SMEs were interviewed.