Malaysia's Maybank backs biofuel, medical projects in Johor special zone

HSBC, SMBC and three others agree to help businesses near border area

20250519 Malaysia

Banks representatives pose with Malaysian Economy Minister Rafizi Ramli, fourth from left, and Johor Chief Minister Hafiz Onn, fifth from left in Kuala Lumpur on May 19. (Photo by Norman Goh) 

NORMAN GOH

KUALA LUMPUR -- Malaysia's largest bank, Malayan Banking (Maybank), will help three Singapore-based clients' investments in a new economic zone in the southern state of Johor, the bank announced Monday, highlighting the financial sector's growing interest in the cross-border initiative.

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