Johor's special zones including with Singapore could help its economy outpace other Malaysian states: PM Anwar
Prime Minister Anwar Ibrahim highlighted how Johor is a key growth driver in Malaysia, with the state's progress and development among the top nationally.
Second Minister for Home Affairs Josephine Teo attended the inaugural Global Fraud Summit in London. A communique signalling a commitment to tackle fraud and scams was endorsed by 11 countries at the summit. (Photo: UK Government)
Singapore and Malaysia signed a Memorandum of Understanding in January on the Johor-Singapore SEZ, which aims to boost cross-border economic connectivity.Â
Under the MOU, both sides will work towards boosting the cross-border flow of goods and people and develop a framework that will lead to a full-fledged agreement on the zone.
Both countries are also exploring other initiatives in the leadup, including a passport-free clearance system on both sides of the border.Â
Meanwhile, Mr Anwar announced in August last year that the beleaguered Forest City project in Johor would be designated a special financial zone to spur the economy in the Iskandar Malaysia region.Â
The zone would offer business incentives to set up operations, such as a flat income tax rate of 15 per cent for skilled foreign workers, compared to the 30 per cent elsewhere, multiple entry visas, as well as fast track entry for those who are based in Singapore.
