A special task force will be established to draw up the terms of reference and broad areas of cooperation. Read more at straitstimes.com.
SINGAPORE – Singapore and Malaysia are in talks to establish a special economic zone in Johor and the Republic to drive growth and strengthen connectivity and collaboration, said Minister for National Development Desmond Lee on Friday.
It will report its progress to Prime Minister Lee Hsien Loong and his Malaysian counterpart Anwar Ibrahim at the Singapore-Malaysia Leaders’ Retreat in October, Mr Desmond Lee and Malaysian Minister of Economy Rafizi Ramli said at a joint press conference in Shangri-La hotel. They made the announcement on the sidelines of the JMCIM meeting, an annual event for the two countries to review cooperation in the South Johor economic zone of Iskandar.
Johor recorded RM70.6 billion worth of foreign investments in 2022 alone, across various sectors including electrical and electronics, medical equipment, food manufacturing and data centres, with Singapore being the second-largest foreign investor. He added that the areas of cooperation will follow from what has been done under the JMCIM, such as in transport connectivity, innovation, business ecosystem, environment, tourism, and technical and skills training.
Johor has the potential to be the biggest beneficiary of Malaysia’s focus on the energy sector’s shift from fossil fuels to renewables, given its proximity to Singapore, he said. This is supported by Malaysia’s announcement that month that it would lift its export ban on renewable energy, added Mr Rafizi, according to a Bernama news agency report.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore, Malaysia to study setting up special economic zone in JohorCommercial operators will also study the feasibility of a new ferry service between Tuas in Singapore and Puteri Harbour in Johor.
Read more »
Gan Siow Huang lends support to Team Singapore ahead of World Youth Tchoukball Championship - Singapore NewsTckhouball’s popularity is soaring in Singapore following the outstanding performance of the national women’s tchoukball team, which secured the top spot in the world rankings earlier this year
Read more »
Ong Beng Seng, Iswaran and Formula One Singapore Grand Prix - Singapore NewsHe was questioned by the Corrupt Practices Investigation Board (CPIB) about his interactions with Singapore Transport Minister S Iswaran, who is also under investigation.
Read more »
Cast of Mediacorp's Shero shares memorable moments as series come to an end - Singapore NewsPriscelia Chan posted several IG posts to commemorate the last episode of the series. Her post caption last July 7 stated, “Last episode of MediacorpShero tonight. It had been an exciting and wild ride. Thank you for supporting SHERO 😊😎❤️🌻✨️Available on MeWatch”.
Read more »
Is owning a car a luxury in Singapore? Many netizens say ‘of course’ - Singapore News“Of course it's a luxury item. Nobody starved or froze to death in Singapore because they didn't own a car. It just makes life convenient and efficient - how much more depends on the individual,” replied one netizen
Read more »
Stories you might’ve missed, July 12 - Singapore NewsHere are the top stories published today...
Read more »