Tariffs, Turbulence and Turning Points: HLB Forum Rallies SMEs Amid Shifting Trade Tides
As global trade enters a new era shaped by fresh US tariffs and mounting geopolitical tensions, Hong Leong Bank (HLB) has taken the lead in supporting Malaysian businesses to stay agile and resilient.
On Thursday, the Bank hosted a forward-looking forum titled “Beyond the Headlines on US Tariffs: What’s Next for Malaysian Businesses and the Global Economy”, aimed at decoding the broader implications of recent trade developments for SMEs.
The event reaffirmed HLB’s ongoing commitment to empowering the SME sector – a crucial engine of innovation and employment in Malaysia – by helping businesses adapt strategically to shifting global currents.
Delivering his opening address, HLB Group Managing Director and CEO Kevin Lam acknowledged the ripple effects triggered by the new trade landscape, which came into force on 2 April 2025. While uncertainties loom large, he argued, they also open up fresh opportunities for those willing to evolve.
“Periods of upheaval call for bold leadership and clear strategic direction,” said Lam. “Malaysian entrepreneurs have shown remarkable adaptability in seeking new markets and solutions. SMEs aren’t just participants in our economy – they are its pulse. As such, equipping them to navigate today’s complexities isn’t optional; it’s a shared responsibility.”
Lam emphasised that financial support alone isn’t enough. “Navigating this new reality requires more than just traditional banking. It’s about building holistic partnerships – blending smart financial tools with real-time insights and guidance.”
HLB’s multi-pronged approach includes offering in-depth market intelligence through webinars and podcasts, facilitating dialogue via platforms like this forum, and delivering bespoke financial solutions that reflect the evolving needs and risks faced by clients.
The forum moved beyond headlines to spark practical and strategic conversations. It featured a high-calibre panel of experts including:
- Hor Kwok Wai, Managing Director, Global Markets, HLB
- Raveendran Nair, Deputy Secretary General for Bilateral Economic & Trade Relations, Ministry of Investment, Trade and Industry (MITI)
- Eugene Tan, Chairman of International Trade, SAMENTA
- Felicia Ling, Chief Economist, Hong Leong Investment Bank (HLIB)
- Chandrasegaran Perumal, Director, Tax, PwC Malaysia
Together, they shared critical insights on the global trade outlook, discussed emerging risks, and offered actionable strategies for SMEs to remain competitive on the global stage.
A key theme was the importance of cross-sector collaboration. With new measures unveiled by the Prime Minister earlier this week – including expanded Government Guarantees under the SJPP and enhanced soft loan facilities through Development Finance Institutions – the forum underscored the vital role of coordinated support.
“This collaborative approach between government, financial institutions and industry associations is what will make the real difference,” added Lam. “We remain committed to walking alongside our SME clients, providing the guidance and tailored tools they need to turn today’s challenges into tomorrow’s breakthroughs.”
