[Bloomberg] Singapore Firms Commit $4.2 Billion to Malaysia’s Johor Ecozone

[Orionz]

https://www.bloomberg.com/news/arti...nomic-zone-in-malaysia?srnd=homepage-americas

For those behind paywall:

Singapore companies have committed to invest S$5.5 billion ($4.23 billion) in a joint special economic zone in Malaysia’s Johor state since January last year, Singapore Deputy Prime Minister Gan Kim Yong said.

The special economic zone, which was first agreed in January last year and formally inked a year later, has made good headway and will help the creation of a business community that can compete effective in a changing global economy, Gan said during the joint investment forum on the special economic zone in Singapore on Tuesday.

Earlier this month, Malaysia’s Second Finance Minister Amir Hamzah Azizan said that the zone attracted about 37 billion ringgit ($8.7 billion) in investment in the first half of the year, with a potential 29 billion ringgit of further investments coming in.
The creation of the economic zone has turned Johor into Malaysia’s top investment destination in the first half of the year, receiving nearly a quarter of total investments into Malaysia.

Malaysian Trade Minister Zafrul Aziz, who was also present at the event, said his country will leverage its strategic co-investment fund as a key financing instrument for industrial growth in the zone. He also promised that Malaysian officials will fast-track approvals for non-sensitive manufacturing projects within seven days.

 

[bobo07]

Ringgit getting stronger and their authorities start to find every ways to tax summon milk moar money nao

 

[Hello_Kitty]

wonder which companies???

 

[testerjp]

Probably used to smuggle nvidia chips out more than anything else.

 

[Ubi-Warrior]

wonder which companies???

Indeed!

Or is it Singapore entities of MNC?

 

[bikermice]

so can have passport free zone rike hongkong shenzhen?

 

[Zinna]

Song bo sinkies! Still want say support local? Moi tonight will go jiak at mala resturant instead of local

 

[wongkc]

Later Johor open another nearby cheaper Ecozone for Malaysia companies...




Oh wait...

 

[tauntme]

is it all the jtc factories in tuas?? i passed by the other day and the area is SO DEAD

 

[boredom2012]

Invest as what? Building infrastructure or what?

 

[Ahemahem]

later become unfinished project

 

[stanlawj]

https://www.bloomberg.com/news/arti...nomic-zone-in-malaysia?srnd=homepage-americas

For those behind paywall:

Singapore companies have committed to invest S$5.5 billion ($4.23 billion) in a joint special economic zone in Malaysia’s Johor state since January last year, Singapore Deputy Prime Minister Gan Kim Yong said.

The special economic zone, which was first agreed in January last year and formally inked a year later, has made good headway and will help the creation of a business community that can compete effective in a changing global economy, Gan said during the joint investment forum on the special economic zone in Singapore on Tuesday.

Earlier this month, Malaysia’s Second Finance Minister Amir Hamzah Azizan said that the zone attracted about 37 billion ringgit ($8.7 billion) in investment in the first half of the year, with a potential 29 billion ringgit of further investments coming in.
The creation of the economic zone has turned Johor into Malaysia’s top investment destination in the first half of the year, receiving nearly a quarter of total investments into Malaysia.

Malaysian Trade Minister Zafrul Aziz, who was also present at the event, said his country will leverage its strategic co-investment fund as a key financing instrument for industrial growth in the zone. He also promised that Malaysian officials will fast-track approvals for non-sensitive manufacturing projects within seven days.

Translation:

Singapore Firms Commit $4.2 Billion to Malaysia INSTEAD OF TRAINING SINGAPOREAN WORKERS.​

 

[W1n7f1r3]

In his keynote address, Gan notes that the JS-SEZ has made “good headway” following the designation of nine flagship zones in January and the establishment of the joint JS-SEZ project office in April. The joint JS-SEZ project office is made up of Singapore’s Ministry of Trade and Industry, the Economic Development Board (EDB) and Enterprise Singapore, and will complement Malaysia’s Invest Malaysia Facilitation Centre, which was established in February.

“At the economic level, the SEZ builds on our complementary strengths: Johor’s abundance in talent and resources; Singapore’s capital and global connectivity to present a compelling destination for global investments,” he adds.


Since the signing of the agreement in January, Lee said that the JS-SEZ joint project office in Singapore and its Malaysian counterparts have received over 1,000 enquiries across sectors like manufacturing, logistics, data centres and others.


https://www.theedgesingapore.com/ne...-have-committed-over-55-bil-worth-investments

CDCs to play active role in providing job support and promoting volunteerism in community​

SINGAPORE – All five Community Development Councils (CDCs) will step up their efforts to support residents who are looking for jobs, as well as to encourage volunteerism in the community.

https://www.straitstimes.com/singap...pport-and-promoting-volunteerism-in-community


As a Singaporean u feel gehsim bo when on one hand they want to bring job opportunities closer to residents’ homes while encouraging more job commitments to Johor instead of focusing their efforts to establish in our land

 

[mynickname]

In his keynote address, Gan notes that the JS-SEZ has made “good headway” following the designation of nine flagship zones in January and the establishment of the joint JS-SEZ project office in April. The joint JS-SEZ project office is made up of Singapore’s Ministry of Trade and Industry, the Economic Development Board (EDB) and Enterprise Singapore, and will complement Malaysia’s Invest Malaysia Facilitation Centre, which was established in February.

“At the economic level, the SEZ builds on our complementary strengths: Johor’s abundance in talent and resources; Singapore’s capital and global connectivity to present a compelling destination for global investments,” he adds.


Since the signing of the agreement in January, Lee said that the JS-SEZ joint project office in Singapore and its Malaysian counterparts have received over 1,000 enquiries across sectors like manufacturing, logistics, data centres and others.


https://www.theedgesingapore.com/ne...-have-committed-over-55-bil-worth-investments

CDCs to play active role in providing job support and promoting volunteerism in community​

SINGAPORE – All five Community Development Councils (CDCs) will step up their efforts to support residents who are looking for jobs, as well as to encourage volunteerism in the community.

https://www.straitstimes.com/singap...pport-and-promoting-volunteerism-in-community


As a Singaporean u feel gehsim bo when on one hand they want to bring job opportunities closer to residents’ homes while encouraging more job commitments to Johor instead of focusing their efforts to establish in our land

So we allocate paya lebar for all the factories and then can import another army of jhk?

 

[W1n7f1r3]

So we allocate paya lebar for all the factories and then can import another army of jhk?

They'll b working bk in their homeland n we may relocate to Johor n bekam their prs

 

[LWZ]

So we allocate paya lebar for all the factories and then can import another army of jhk?

just nice Paya Lebar can link up with Tai Seng, which is already like an overseas territory of msia