InvestPenang inks MoU with HSBC Malaysia to attract high-quality FDIs

InvestPenang and HSBC Bank Malaysia Bhd have signed their first memorandum of understanding (MoU) that aims to bring high-quality foreign direct investments (FDIs) into Penang and Malaysia by tapping their respective comparative advantages. With its strategic location in the ASEAN region and significant integration in the global supply chain, Penang is a preferred investment destination for multinational corporations (MNCs).