Unresolved issues include contributions to a facilitation fund for firms expanding operations to Johor.
KUALA LUMPUR – Malaysia’s plan to finalise the Johor-Singapore Special Economic Zone agreement by September will have to be aborted, as negotiations continue over several sticking points.
“We want to make the JSSEZ more impactful, which will require more negotiations about policies and incentives before an agreement can be drafted between both countries,” he told The Straits Times on Aug 14. Official sources in Malaysia told ST that the workshop itself was delayed from early August. Both governments’ Attorney-General’s Chambers will then have to verify the legal requirements of the agreed proposals.
A source close to the matter said that the discussions are ongoing to establish a “facilitation fund” that will allow Malaysia and Singapore to allocate funds to help companies in Singapore expand their operations in the JSSEZ. There has also been a proposal to set targets for the number of companies in Singapore setting up shop in the SEZ.
Although the findings, announced in July, showed that 93 per cent of respondents view Johor as an attractive investment destination, talent shortages posed a major concern for them. Nearly 60 per cent of the businesses polled reported difficulties in sourcing skilled workers in Johor.
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