By Selangor Journal Team
SHAH ALAM, July 2 — The Selangor government is focusing on creating a more robust and business-friendly financial ecosystem in the state.
State executive councillor for investment, trade and mobility Ng Sze Han said this was in response to recent advancements in the financial sector.
His comment came after a meeting with Affin Bank Bhd president and group chief executive officer Datuk Wan Razly Abdullah and his team yesterday, which was also attended by Menteri Besar Selangor (Incorporated) chief executive officer Saipolyazan M. Yusop and Selangor Information Technology and Digital Economy Corporation chief executive officer Yong Kai Ping.
“We engaged in vital discussions on developing a resilient and sustainable financial ecosystem in Selangor,” he said in an X thread last night.
“These discussions, responding to the swift advancements in finance, include setting up a fast-track financial service, streamlining the account opening process and enhancing support for business loans.
“Our goal is to refine the financial landscape and foster a supportive industrial environment for local businesses.”
Yesterday’s discussion is the latest in a series of measures taken by the state government to push for better ease of doing business, both for local and international players.
Among others, the state government launched the Selangor Soft Landing programme in March, aimed at helping potential investors better understand the business ecosystem here and facilitate smooth transition into the local market.
Selangor is the first state in Malaysia to introduce such an initiative.
In a separate post yesterday, Ng also announced the setup of a new working group to maximise the impact of the East Coast Rail Link (ECRL) project on Selangor.
He said the committee will look into boosting high-quality job opportunities via the rail project.
“With the completion of the ECRL, expect a booming railway logistics hub that will propel economic progress even further in Selangor.
The 665km rail network, which will connect the east and west coasts of the peninsula, from Kota Bharu in Kelantan to Gombak, is set for completion in December 2026.
