MIDA and OCBC Malaysia Sign Strategic Partnership to AttractQuality Investments and Strengthen Local Business Ecosystems

Strengthening collaboration to promote Malaysia as a premier investment destination across ASEAN, China, Korea and Taiwan through OCBC’s network.
Supporting the development of local business ecosystems and connecting Malaysian companies to regional and global supply chains to reinforce Malaysia’s position as a preferred investment hub in ASEAN.

Kuala Lumpur, 28 September 2026 – OCBC Bank (Malaysia) Berhad and its Islamic banking subsidiary OCBC Al-Amin Bank Berhad (collectively, OCBC Malaysia) and the Malaysian Investment Development Authority (“MIDA”) today signed a Memorandum of Understanding (MOU) to attract sustainable, high-value investments from ASEAN, China, Korea and Taiwan and support the development of local business ecosystems.

The partnership combines MIDA’s expertise in investment promotion and facilitation with OCBC Malaysia’s banking and financing capabilities, and extensive regional network, to advance the objectives of the MOU.

The MOU was signed by Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA; Mr. Tan Chor Sen, Chief Executive Officer of OCBC Bank (Malaysia) Berhad; and Tuan Syed Abdull Aziz Syed Kechik, Chief Executive Officer of OCBC Al-Amin Bank Berhad.

Activities Under the MOU

Under the MOU, both parties will collaborate on market outreach, investment missions and industry engagements, share investor leads and market insights, and undertake knowledge-sharing and capacity-building initiatives, alongside joint promotional activities to showcase Malaysia’s value proposition to prospective investors.

As part of efforts to strengthen the local business ecosystem, OCBC Malaysia and MIDA will facilitate strategic partnerships and business-matching opportunities between anchor investors and local enterprises, including SMEs. OCBC Malaysia will also provide tailored financing solutions, tapping on the broader OCBC Group ecosystem, to support investments, capacity building and business growth. The partnership builds on a longstanding relationship between the two organisations.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, said, “Attracting quality investment is only part of the equation. The real measure of success is the lasting value these investments create for Malaysian businesses and talent. Through this partnership with OCBC Malaysia, we can reach investors earlier, connect them with the right local partners, and draw on OCBC’s regional network to showcase Malaysia’s strengths to key growth markets. Together, we aim to attract investments that advance the high-value sectors under NIMP 2030, including advanced manufacturing and renewable energy, while helping local companies build the financial, technical and ESG capabilities they need to grow and integrate into regional and global supply chains.”

Mr. Tan Chor Sen, Chief Executive Officer of OCBC Bank (Malaysia) Berhad, said “Through our OCBC One Connect platform, we will leverage our extensive regional network and will work closely with MIDA to showcase Malaysia’s strengths and opportunities to a broader pool of investors spanning ASEAN, China, Korea and Taiwan. Equally important, we want to ensure these investments deliver meaningful and lasting economic benefits by enabling Malaysian companies to participate more actively in the opportunities they create, whether through strategic business partnerships, or integration into global and regional supply chains. Through this collaboration, we aim to support a more vibrant and resilient business ecosystem that contributes to Malaysia’s long-term economic development.”

Beyond investment promotion and ecosystem development, both organisations will collaborate on professional development and knowledge exchange in areas such as financial analysis, risk management, and environmental, social and governance (ESG) practices.

(From left to right): Mr. Tan Chor Sen, Chief Executive Officer of OCBC Bank (Malaysia) Berhad; Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA and Tuan Syed Abdull Aziz Syed Kechik, Chief Executive Officer of OCBC Al-Amin Bank Berhad

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA

Mr. Tan Chor Sen, Chief Executive Officer of OCBC Bank (Malaysia) Berhad

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About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered
in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit
www.mida.gov.my and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and
YouTube.

FOR MEDIA ENQUIRIES, PLEASE CONTACT:

MIDA
Ms. Lim Ming Yee
Director, Foreign Investment Division, MIDA
Email: [email protected]
Tel: +60322673762

About OCBC

OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is one of the world’s most highly-rated banks, with Aa1 by Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

OCBC is the second largest financial services group in Southeast Asia by assets. The Group offers a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.

OCBC’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals. Its insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the leading asset management companies in Southeast Asia. Its brokerage subsidiary, OCBC Securities, is one of the leading securities firms in Singapore.

The Group’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has close to 390 branches and representative offices in 19 countries and regions.

OCBC offers Islamic banking products and services in Malaysia through its wholly-owned subsidiary, OCBC Al-Amin Bank Berhad.

For more information, please visit www.ocbc.com.my

For media queries, please contact:

Ann Lim
Head
Brand and Communications
OCBC
HP: 012- 629 0977
Email: [email protected]

Sharie Elina Ibrahim
Executive Director
Brand and Communications
OCBC
HP: 012 – 6826 300
Email:
[email protected]