With Southeast Asia is poised to become the world’s fourth-largest economy by 2030 and the region having a projected combined GDP of US$4.5 trillion ($5.79 trillion), the region is said to offer “significant growth opportunities”, especially in the digital and green economy sectors.
The Singapore Chinese Chamber of Commerce & Industry (SCCCI) and Maybank Singapore have entered into a landmark memorandum of understanding (MOU) on July 17. The signing of the MOU was witnessed by Gan Siow Huang, Minister of State for Foreign Affairs and Trade and Industry.
The MOU, which is expected to benefit some 5,000 SCCCI corporate members, is meant to strengthen cross-border business trade and drive investments across Southeast Asia with a focus on Singapore, Malaysia and the Johor-Singapore special economic zone (JS-SEZ), reads the joint release.
