Trade group says nine in 10 Singapore firms bullish on special economic zone with Johor

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Trade group says nine in 10 Singapore firms bullish on special economic zone with Johor
SingaporeJohor-Singapore Special Economic ZoneJS-SEZ
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KUALA LUMPUR, July 11 — The ‘Greater Together: Two Economies, One EcoSystem’ report at the Johor-Singapore Special Economic Zone (JS-SEZ) Joint Investor Forum today revealed...

PM Anwar defends Speaker's decision to reject Bersatu's bid to vacate seats of six MPs expelled from partyThe Johor - Singapore Special Economic Zone Joint Investor Forum today revealed that 93 per cent of Singapore an businesses are bullish about Johor as an investment destination with 50 per cent already operating in the state.

“By bridging our economies, we’re creating new opportunities that will benefit businesses on both sides of the Causeway, he added.The working group said the SEZ could leverage on Johor’s favourable operating costs and land availability, supported by Singapore’s strength in connectivity, branding and talent pool. Sectors to be targeted include manufacturing, logistics, digital services, healthcare, education and more.

However, the group conceded that some challenges remain, including gaps in manpower and the ease of movement between Singapore and Johor.the Malaysian government is aiming to conclude negotiations with Singapore on the JS-SEZ by September, calling the project a “game-changer” for bilateral ties between the two countries.The JS-SEZ will be located in Malaysia’s Iskandar region, and could cover an area of over 3,000km sq km, four times the size of Singapore.

The Malaysian government is promoting the zone as an investment magnet to boost sectors like electronics, health care and ancillary services for finance and business.

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