MBSB Bank & NCER Strengthen Strategic Partnership

MBSB Bank Berhad ("MBSB Bank”) today signed a Memorandum of Understanding (MoU) with the Northern Corridor Economic Region (NCER), underscoring a strategic collaboration to accelerate economic growth across the Northern Corridor through a RM1 billion financing initiative and comprehensive Islamic financial solutions.

 

The collaboration reinforces MBSB Bank's commitment to supporting businesses, investors and strategic development projects across the Northern Corridor Economic Region by improving access to financing and value-added banking solutions.

 

Encompassing Perlis, Kedah, Pulau Pinang and Perak, the NCER has established itself as one of Malaysia's fastest-growing economic regions, attracting substantial domestic and foreign investments in electrical and electronics (E&E), advanced manufacturing, logistics, agribusiness, the digital economy and other high-value industries. Supported by robust infrastructure, industrial parks and government-led initiatives, the region presents significant opportunities for businesses across the economic value chain.

 

Recognising the region's strong growth trajectory, MBSB Bank is strengthening its role as a strategic financial partner by delivering financing solutions that enable businesses to expand, innovate and contribute to Malaysia's long-term economic development. Complementing this commitment, the Northern Corridor Implementation Authority (NCIA) continues to drive the development of NCER's flagship thematic industrial parks, including Chuping Valley Industrial Area (CVIA) in Perlis, Kedah Rubber City (KRC) and Kedah Science & Technology Park (KSTP) in Kedah. These specialised industrial ecosystems are designed to attract high-value industries, strengthen regional supply chains, stimulate investments and create quality employment opportunities, while providing a strong pipeline of projects that can benefit from strategic financing partnerships.

Under the MoU, MBSB Bank will work towards becoming one of the NCER's strategic financial partner by offering a comprehensive suite of Islamic banking solutions, including project and business financing, operating and escrow accounts, cash management, finance, payroll solutions, treasury services, digital banking capabilities and other commercial banking offerings.

The synergy provides a structured platform for both organisations to identify and pursue strategic opportunities, strengthen stakeholder engagement and enhance governance, while supporting the Government's agenda of accelerating investments and sustainable economic growth in the Northern Corridor.

 

Rafe Haneef, Group Chief Executive Officer of MBSB Berhad, said "The Northern Corridor continues to attract high-value investments and offers tremendous opportunities for businesses across the railway, automotive, E&E, aerospace and manufacturing industries to grow. Through this RM1 billion financing initiative and our collaboration with NCER, we are committed to empowering businesses with the financing and banking solutions they need to expand confidently and contribute to the region's long-term economic development."

 

Dato' Mohamad Haris Kader Sultan, Chief Executive of NCIA, said this strategic partnership will strengthen the ecosystem supporting NCER's strategic growth sectors, including Electrical & Electronics (E&E), advanced manufacturing, agri-food, logistics, digital economy and green technology. More importantly, it provides greater opportunities for SMEs, local entrepreneurs and supply chain partners to access financing that enables them to expand capacity, adopt technology, improve productivity and integrate into the value chains of multinational corporations operating within NCER's region.

 

The cooperation underscores MBSB Bank's commitment to supporting Malaysia's regional economic agenda by enabling greater access to financing, strengthening business resilience and facilitating sustainable investments across the Northern Corridor. By combining MBSB Bank's banking capabilities with strategic partnerships, the initiative aims to create long-term value for businesses, communities and the broader economy.

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Young Malaysian Workforce | Earn While You Learn | NEW Skills Apprenticeship Scheme for a Malaysia Skilled Future!

AIMSMET GLOBAL under the AIMSMET GROUP collaborates with Institute of Commercial Management (ICM), United Kingdom launched the “Earn while you Learn” – Industry Sponsorship Program (ISP) towards Skills Apprenticeship Scheme for a Malaysia Skilled Future.

The Program was endorsed by YB Datuk Seri Saifuddin Nasution Bin Ismail, Minister of Domestic Trade and Consumer Affairs (KPDNHEP). The Chairman of AIMSMET GROUP, Professor Dato’ Dr Jayles Yeoh, the CEO of Institute Commercial Management, Mr. Adair Ford and the CEO of AIMSMET Lifestyle Service, Ms Alice Hoang paid a courtesy visit to the Minister’s office and the endorsement was sealed by the signing of plaque by the Minister and the CEO of ICM, UK. 

The ultimate goal is to draw young Malaysians, regardless of their starting points, into jobs and sectors that are growing, and equip them with the right skills and experience under the right ICM program for careers in these areas.

In recent months, Prime Minister Tun Dr Mahathir Mohamad addressed that the government will press priority on technical and vocational education and training (TVET) under the Shared Prosperity Vision in efforts to increase the people’s employment through skilled competency. Dr Mahathir mentioned that TVET played an important role in improving the skills of workers and that training must be made a precedency.

The Shared Prosperity Vision will encompass the 12th and 13th Malaysia Plans, spanning 10 years from 2021 to 2031. Thus, the launching of the ISP for Skills Apprenticeship Scheme with AIMSMET LIFESTYLE SERVICE as the pioneer is a timely program that is poised to champion the government’s vision in reducing the unemployment rate in Malaysia and enhancing the skilled competency among the youths for a digital economy.

The Critical Skills Monitoring Committee (CSC) identified that two of the critical jobs-lacking in its work force are the service and sales workers. 

Among the reasons are lack of fluency in English, communications skill, customer service skill and the ability to multi-task. Hence the retail sector, mainly the Food & Beverage areas, requires immediate solutions to engage and train local Malaysian, especially school leavers, to fill these gaps.

Since the initial introduction of the Industry Sponsorship Program in September 2017 and the recruiting partnership with ACT Hubs Sdn Bhd in 2018, AIMSMET have over 30 industries ranging from Food & Beverage to Digital Economy to Client Services such as Starbucks Coffee Company, McDonald’s (Gerbang Alaf Restaurants), Marrybrown, Only World Group (OWG), Watsons and many more sponsoring more than 80 school leavers and graduates in the ICM programs. 

Through this movement, the skills, passion and contributions of every individual will drive each organization’s next phase of human capital development towards an advanced mastery of skills and lifelong learning.

During the meeting, YB Datuk Seri Saifuddin Nasution Bin Ismail, Minister of Domestic Trade and Consumer Affairs (KPDNHEP), said, “In order for Malaysia to become a developed nation, the Malaysian human capital needs to be further developed with programs such as AIMSMET’s Industry Sponsorship Program.

As the government, we are committed to reduce the disparities of income for those living in the rural areas. We have applied the spirit of shared prosperity in the 2020 Budget and have prioritized sectors such as TVET and skills training. While Malaysia has made great strides in human capital development since independence, we cannot afford to sit on our laurels as we still have much to do before achieving our goal of being a knowledge economy that is competitive on a global scale.”

In conjunction with the endorsement of the “Earn while you Learn” – Industry Sponsorship Program, a panel discussion was held on the topic, “A Paradigm Shift in Education & Training – Skilled Apprenticeship Model”. 0ver 200 university students, educationists and industry players were present to gain knowledge and industry insights. Among the panelists were Dato’ ’Sri Michael Kang, President of SME Malaysia, Datuk Dr Chef Wan, Celebrity Chef, Datin Winnie Loo, Founder of ‘A Cut Above’, Dr Janson Ang, Founder of The Giving Bank Organization and Mr. Adair Ford, CEO of Institute of Commercial Management, UK while Prof. Dato ’Dr Jayles Yeoh, Chairman of AIMSMET Group was the moderator.

According to Prof. Dato ’Dr Jayles Yeoh, Chairman of AIMSMET Group, “The aim of this Industry Sponsorship Program is to bridge the gap and speed up the pace in producing knowledge workers through the private sector. 

AIMSMET is ambitiously looking to revolutionize the academic thinking by introducing real life education to ensure no misfits to the relevant industries. With continuous support from the government and private sector, the ambition to make Malaysia as the global leader in providing High Quality Knowledge Worker for various industries is realized. 

Ultimately we hope to see positive spin off for the economy as we are able to provide skilled knowledge workers for Foreign Direct Investments (FDI) into the country.”

Also present at the event was Miss Tiffany Lim, Founder of ACT Hubs, who works closely with AIMSMET to connect with Industry Partners and to recruit school leavers for the program. 

Both AIMSMET & ACT presented a cheque of RM20,000 to support Yayasan Food Bank Malaysia at the event. Present to receive the cheque was Mr. Abdul Wahab Long, CEO of Food Bank Malaysia. 

Interested to get to know more about AIMSMET, 
Website : http://www.aimsmetglobal.org:8093/

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