EXIM Bank Strengthens Central Asian Ties, Benefits Malaysian Businesses And Regional Partners

REGION - CENTRAL > NEWS
KUALA LUMPUR, June 13 (Bernama) -- The Export-Import Bank of Malaysia Bhd (EXIM Bank) will focus on strengthening Central Asian ties through strategic engagements to benefit Malaysian businesses and regional partners.
In a statement today, it said the initiative includes exploring structured financing solutions for key partners in Uzbekistan, notably a proposed collaboration with Joint-Stock Commercial Bank HamkorBank to support Malaysian companies operating in Uzbekistan and Uzbek importers of Malaysian goods.
Hence, the bank's participation in the third plenary session of the Foreign Investors Council (FIC) in Tashkent has reinforced its commitment to expanding Malaysia's global trade presence.
bootstrap slideshow
EXIM Bank chief business officer Faizah Mustapa said its participation at the high‑level forum signals the bank's strategic intent to support Malaysia's exporters through innovative trade-financing, while exploring joint ventures with Uzbek financial institutions.
"We applaud Uzbekistan's reforms to streamline banking regulations and enhance credit facilities for import‑export activities," she said.
EXIM Bank said its participation in the forum aligns with Malaysia's National Investment Policy 2030 (NIMP 2030) to expand investment beyond traditional markets and support the globalisation of Malaysian small and medium enterprises.
It also complements Uzbekistan's Vision 2030, which seeks to attract foreign direct investments, increase regulatory transparency, and advance public-private partnership projects in agriculture, manufacturing, infrastructure, and tourism.
"With 36 Malaysian companies operating in Uzbekistan, ties between the two countries continue to grow.
"This was further strengthened by Prime Minister Datuk Seri Anwar Ibrahim's official visit to Uzbekistan in May 2024, followed by a return visit to Malaysia by President Shavkat Mirziyoyev in February 2025, reaffirming their commitment to elevate bilateral relations to a strategic partnership," it said.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Barnama

an hour ago

• Barnama

Duisburg Launches Return Leg Of ASEAN Express To Boost Europe-Asia Trade

DUISBURG, Germany, June 22 (Bernama-Xinhua) -- A freight train loaded with maternal and infant products, cosmetics, and medical supplies departed Duisburg, Germany on Saturday, marking the launch of the return leg of the ASEAN (Association of Southeast Asian Nations) Express service, reported Xinhua. The departure marks the start of bidirectional operations for a new trade corridor linking Europe and Asia. The train is expected to arrive in ASEAN countries in 19 days, traveling via Chongqing, an inland municipality in southwest China. The ASEAN Express has achieved "seamless connection" between two vital international trade routes of the New International Land-Sea Trade Corridor and the China-Europe freight train service. Its transportation efficiency has significantly improved compared with traditional sea routes.

Barnama

an hour ago

• Barnama

Malaysia Proposes Expansion Of OIC-TPS To Spur Trade Ties Among Member States

KUALA LUMPUR, June 22 (Bernama) -- Malaysia has proposed expanding the Organisation of Islamic Cooperation (OIC) Trade Preferential System and the reduction of trade barriers to strengthen economic ties among its member states. The proposal was presented by Foreign Minister Datuk Seri Mohamad Hasan during Malaysia's national statement at the 51st Session of the Organisation of Islamic Cooperation (OIC) Council of Foreign Ministers Meeting in Istanbul, Turkiye, on Saturday. Mohamad said OIC, as the second-largest intergovernmental organisation in the world, holds vast potential for strategic partnership.

New Straits Times

2 hours ago

• New Straits Times

Google's RM9.4bil investment to create over 26,000 jobs, says Tengku Zafrul

KUALA LUMPUR: Google's landmark RM9.4 billion investment to establish its first data centre and Google Cloud Region in Malaysia is expected to create 26,500 jobs and generate RM15.04 billion in long-term economic impact. Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz described the move as a multi-faceted strategic boost. "We discussed how Google can continue to drive Malaysia's AI and cloud computing economy, strengthen cybersecurity, and invest in digital skills," he said in a Facebook post yesterday. Tengku Zafrul added that the government remained committed to providing full support and ensuring a conducive environment for high-quality investments. According to Bernama, Tengku Zafrul met with Google representatives to discuss how the company can continue to drive AI development in Malaysia, strengthen cybersecurity and invest in digital skills. He is currently on a working visit to Washington, United States. In May, Malaysia Digital Economy Corporation (MDEC) chief executive officer Anuar Fariz Fadzil said Malaysia is rapidly cementing its position as a leading destination for data centre investments in Southeast Asia. Anuar added that global technology giants are pointing to stable governance, clear digital strategies and strong institutional coordination as key enablers. Meanwhile, investor confidence is being driven by the country's coherent policy direction, effective public-private collaboration, reliable power infrastructure, low disaster risk and commitment to long-term sustainability.