Malaysia-Singapore council pledges support for Johor-Singapore SEZ

This underscores the council’s dedication to enhancing bilateral economic ties.

The Malaysia-Singapore Business Council (MSBC) has affirmed its support for the Johor-Singapore Special Economic Zone (SEZ) during its 25th joint meeting in Singapore.

The joint meeting highlighted strategic discussions promoting sustainable growth, harnessing technological advancements involving cross-border transactions to improve business operations, as well as expanding market access for companies from the two countries.

YCH Group executive chairman, Robert Yap, who also co-chaired the meeting, said that the Johor-Singapore SEZ will drive collaboration and sustainable growth between the two countries, saying that the initiative will improve regional competitiveness, create high-quality jobs and boost innovation.

“By leveraging our combined strengths and fostering cross-border synergies, we will build a resilient economic landscape benefiting businesses and communities, paving the way for a prosperous and interconnected future,” Yap said.

“The MSBC reiterates its strong support of the JS SEZ as a driver of economic development and regional cooperation. We believe in the transformative impact of this initiative and are dedicated to fostering strong economic collaboration between Malaysia and Singapore,” Tan Sri Datuk Seri Dr Nik Norzrul Thani added.

An earlier report by analysts from Maybank Investment Banking Group showed the proposed SEZ is expected to spur the exchange of trade, labour, investments and green energy initiatives between the two nations.