OREANDA-NEWS. August 20, 2012. The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“BTMU”) is pleased to announce that its subsidiary, the Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad has yesterday signed a Memorandum of Understanding (MOU) with Malaysia’s Northern Corridor Implementation Authority (“NCIA”).

With the signing of this agreement, BTMU will closely collaborate with the Northern Corridor Implementation Authority by organizing joint events to provide information and assistance to Japanese companies interested in investing in Northern Malaysia or forging business ventures with local companies based within the Northern Corridor Economic Region (NCER).

NCIA was established in June 2008, by the government of Malaysia as a statutory body under the purview of the Prime Minister’s Department. NCIA facilitates investments in Penang, Kedah, Perlis, and Perak states in the NCER by providing investors with a wide range of services for smooth implementation of investment.

Penang, center of the fast growing Northern Corridor, has long flourished as an economic and transport hub and as a center for Japanese and foreign companies in the electronic, electrical, and chemical industries.

Following the establishment of a representative office of the Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad in Penang on 13th July 2012 and the signing of this agreement with the NCIA today, BTMU aims to provide an enhanced range of financial services to meet the diverse needs of its valued customers in Northern Malaysia.