The development of the Johor-Singapore Special Economic Zone is poised to boost the country's economy by capitalising on the burgeoning demand for data centres in the digital age.
Johor is experiencing a surge in data centre development due to its strategic proximity to Singapore. Maybank recognises the immense potential of the establishment of the Johor-Singapore Special Economic Zone (JSSEZ), to capitalise on Southeast Asia's booming digital economy.
Cost-Effective Advantages for Businesses
Johor Technology Parks can offer companies a cost-effective environment with abundant land availability and competitive power charges. This proximity makes Johor an ideal location for Singapore-based companies to relocate their data centres, lowering operational and investment costs. Major players like Nvidia, AirTrunk, GDS International, YTL Power, and Princeton Digital Group have already established their presence, and more are expected in the coming years.
Seamless Business Set-up for Singapore Companies
Singapore companies venturing into Malaysian waters can leverage Maybank for account set-up and management. This allows companies to focus on core operations, whilst leveraging our established network of corporate secretaries, government agencies, and trusted partners. Maybank offers a comprehensive suite of both banking and beyond banking services tailored to meet the needs of these businesses, ensuring a smooth and efficient transition. With our deep understanding of both markets, we can provide invaluable support and guidance throughout the entire process.
Maybank Beyond Borders: Your One-Stop Banking Solution
Maybank Beyond Borders offers a comprehensive suite of products and services to cater to these businesses. With Regional View readily available on Maybank2u SG (Lite), customers with both Maybank Singapore and Malaysia accounts can view all their accounts, cards, loans, and more in a single, convenient dashboard (note: view only, no transactions).
Effortless Cross-Border Banking
We further enhanced convenience with instant transfer options:
- Zero-fee PayNow/DuitNow transactions to any Malaysian phone number
- Zero-fee transactions for Maybank Singapore Debit Cards at any Maybank ATM in Malaysia.
- Maybank Overseas Transfers to any bank in Malaysia
A Boon for SMEs and We’re Here to Help You Thrive
The upcoming JSSEZ and the completion of the Johor Baru-Singapore Rapid Transit System link promise to revolutionise cross-border movement of people and goods. These advancements present unparalleled opportunities for SMEs to expand their footprint in Johor.
Supporting a Sustainable Ecosystem
The flourishing data centre industry can be further bolstered by SMEs offering ancillary services such as IT infrastructure management, cybersecurity solutions, and facilities management. SMEs can participate in collaborative research and development projects, provide flexible and scalable solutions, and embrace sustainability practices to complement these data centres. This fosters a vibrant ecosystem where SMEs and large-scale facilities thrive together through technological advancements and sustainable practices.
Embrace Sustainability with Maybank myimpact SME
Addressing the growing demand for sustainable practices, particularly green data centre solutions, Maybank myimpact SME offers SMEs a holistic ecosystem. This includes tools and assessments, advisory services, certification facilitation through trusted partners, and tailored solutions like solar panel installations and sustainable financing. We empower businesses to embrace sustainability by facilitating solar panel integration through a network of trusted partners, making the transition to solar energy effortless and viable.
Maybank: Your Trusted SME Growth Partner
Recognising the potential of JSSEZ for SMEs, we provide robust support for Malaysian SMEs through tailored property and business financing solutions. Malaysian SMEs can access financing with up to a 150% margin, ideal for covering renovation and working capital needs. We also offer various working capital solutions like Vendor Financing, SME Digital Financing, Maybank High Tech & Green Facility, and Low Carbon Transition Facility to promote business growth by enabling good cash flow management for fulfilling contracts.
The Johor-Singapore Special Economic Zone is a beacon of opportunity for SMEs in Johor, offering fertile ground for growth and expansion. Maybank, with its comprehensive suite of banking and beyond-banking solutions, is the ideal partner to empower SMEs on their journey to success within the JSSEZ. By leveraging our expertise and resources, SMEs can not only thrive, but also significantly contribute to Johor's dynamic economic landscape. To learn more about how Maybank can contribute to your success, visit www.maybank2u.com.my/sme.