IOIProp to cash in on Johor landbank

IOI Properties Group Bhd (IOIProp) is poised for long-term growth, supported by the recent improvement in relations between Johor and Singapore.
The recent announcement of the Johor-Singapore Special Economic Zone (JS-SEZ) and the rapid transit system link (RTS Link) project are tangible signs of warming relations that have been buzzing in the news recently.

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BusinessToday

5 hours ago

• BusinessToday

OCBC Commits RM11 Billion In Financing With Another RM3 Billion For JS-SEZ

OCBC Group announced it has committed more than RM11 billion in financing to businesses in the Johor state since the start of last year. By the end of 2025, the Group expects to provide at least another RM3 billion in financing for investments into various sectors including real estate, oil & gas, manufacturing and data centres. While reiterating the Group's long-term support to JS-SEZ, Group CEO Helen Wong emphasised OCBC's One Group approach, which brings together the collective strengths of OCBC Bank, Great Eastern Holdings (its insurance subsidiary), Bank of Singapore (its private banking arm), and its leasing and wealth management capabilities. This uniquely positions the Group to support business growth and cross-border collaboration 'Having already committed over RM11 billion in financing to businesses in Johor, we are looking to further catalyse local economic activities and cross-border investments in Johor and the Johor-Singapore Special Economic Zone (JS-SEZ) through at least another RM3 billion in financing by year-end. We are honoured to have this opportunity to explore with the Johor Menteri Besar how we can build on these solid foundations and leverage the full capabilities of the OCBC Group's extensive regional franchise to contribute to the success of the JS-SEZ. Johor MB Dato' Onn Hafiz, in welcoming the delegation, said 'On behalf of the Johor State Government, I express my deepest appreciation to the OCBC Group for its strong and unwavering commitment to the JS-SEZ. The Group's commitment of over RM11 billion in financing with at least RM3 billion more by year-end reflects a strong endorsement of Johor's economic direction and investment potential. We welcome this partnership and look forward to working closely with OCBC to unlock Johor's full potential as ASEAN's next economic powerhouse,' he said. Related

The Star

7 hours ago

• The Star

OCBC commits RM11bil, aiming to add RM3bil to boost Johor's economy

KUALA LUMPUR: OCBC Group has committed over RM11bil in financing to Johor businesses since early last year, as part of its support for the Johor-Singapore Special Economic Zone (JS-SEZ). 'By the end of 2025, the group expects to provide at least another RM3bil in financing for investments into various sectors including real estate, oil & gas, manufacturing and data centres,' the bank said in a statement. OCBC Group chief executive officer Helen Wong said the bank has a long history in Johor, with its first branch in the state established in 1917. She said OCBC now operates eight branches in Johor, out of a total of 38 across Malaysia. 'Having already committed over RM11bil in financing to businesses in Johor, we are looking to further catalyse local economic activities and cross-border investments in Johor and JS-SEZ through at least another RM3bil in financing by year-end. 'We are honoured to have this opportunity to explore with the Johor Menteri Besar how we can build on these solid foundations and leverage the full capabilities of the OCBC Group's extensive regional franchise to contribute to the success of the JS-SEZ,' Wong said. Meanwhile, Johor Menteri Besar Datuk Onn Hafiz Ghazi said the bank's commitment of over RM11bil in financing — with at least RM3bil more expected by year-end — reflects strong confidence in Johor's economic direction and investment potential. 'We welcome this partnership and look forward to working closely with OCBC to unlock Johor's full potential as Asean's next economic powerhouse,' he added.

Malay Mail

9 hours ago

• Malay Mail

OCBC commits RM3b more by end-2025 after RM11b investment in JS-SEZ

JOHOR BAHRU, June 22 — OCBC Group has committed more than RM11 billion into businesses in Johor since early 2024, as part of its commitment to support the development of the Johor-Singapore Special Economic Zone (JS-SEZ). The bank in a statement today said it plans to extend an additional RM3 billion in financing by the end of 2025 to support investments in key sectors such as real estate, oil and gas, manufacturing, and data centres within the JS-SEZ. OCBC chief executive officer (CEO) Helen Wong said the group has a long history in Johor dating more than a century, with OCBC Malaysia's first branch established in Johor in 1917. Today, the group operates eight branches in the state, out of 38 branches across Malaysia, she added. While reiterating the group's long-term support to JS-SEZ, Wong emphasised that OCBC's One Group approach, which brings together the collective strengths of OCBC Bank, Great Eastern Holdings (insurance subsidiary), Bank of Singapore (private banking arm), and leasing and wealth management capabilities, uniquely positions the group to support business growth and cross-border collaboration. The commitment announcement was made during a courtesy visit by Wong along with senior executives of OCBC Group to Johor Menteri Besar Datuk Onn Hafiz Ghazi at his official residence in Saujana here. Welcoming the move, Onn Hafiz described OCBC's commitment as a vote of confidence in Johor's investment climate. 'The Group's commitment of over RM11 billion, with another RM3 billion targeted by year-end, reflects strong private sector support for our economic vision. We look forward to deepening this collaboration,' he said. Meanwhile, OCBC Bank (Malaysia) Bhd CEO Tan Chor Sen said the group had already taken proactive steps to promote the JS-SEZ to global investors, even before the formal agreement was signed in January 2025. This includes engagements with key stakeholders such as Iskandar Regional Development Authority, Malaysian Investment Development Authority, and Invest Johor. He added that OCBC's extensive global network, particularly in Greater China, positions it well to facilitate inbound investment and business expansion into Malaysia. Great Eastern Life Assurance (Malaysia) Bhd CEO Datuk Koh Yaw Hui said as part of the OCBC Group, Great Eastern is well-positioned to support the initiative through a comprehensive range of life, general and takaful insurance offerings aligned with the economic development of the region. The JS-SEZ is a flagship bilateral initiative aimed at enhancing cross-border trade, investment, and infrastructure development, with a focus on high-impact and innovation-driven sectors. — Bernama