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Maybank CEO Khairussaleh Ramli expects cross-border money flows to sizzle as Johor-Singapore SEZ takes off

Khairussaleh says there has already been a 60% jump in cross-border transactions in 2024 from the year before

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Tan Ai Leng

Tan Ai Leng

Published Fri, Jan 17, 2025 · 05:00 AM
    • Khairussaleh Ramli, Maybank's group president and chief executive officer, says the Corporate Renewable Energy Supply Scheme in place in the special economic zone to give businesses there access to green electricity will make it an attractive destination for sustainable and transition finance.
    • Khairussaleh Ramli, Maybank's group president and chief executive officer, says the Corporate Renewable Energy Supply Scheme in place in the special economic zone to give businesses there access to green electricity will make it an attractive destination for sustainable and transition finance. PHOTO: MAYBANK GROUP

    [KUALA LUMPUR] The Johor-Singapore Special Economic Zone (JS-SEZ) has banks rubbing their hands in anticipation of a cross-border boom, and Malaysia’s largest bank Maybank is no exception.

    The bank’s group president and chief executive officer Khairussaleh Ramli said Maybank has recorded a rise of nearly 60 per cent in cross-border transactions – 366,700 in 2024, from 229,900 in the year before.

    These transactions were facilitated by the Maybank Overseas Transfer (MOT) platform, enabling real-time fund transfers between Malaysia and Singapore at competitive rates and fees.

    MaybankJohor-Singapore SEZMalaysiaAseanAsean Business

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