logo
JS-SEZ among main pillars of Johor's economic success

JS-SEZ among main pillars of Johor's economic success

MUAR: The close cooperation between the federal and state governments in driving the Johor-Singapore Special Economic Zone (JS-SEZ) has positioned the initiative as one of the main pillars of Johor's economic success, said Menteri Besar Datuk Onn Hafiz Ghazi.
He said the state is on a very positive trajectory, with tangible achievements reflecting the effectiveness of development efforts underway.
As an example, he said, Johor recorded RM30.1 billion in approved investments for the first quarter of this year, alongside a gross domestic product (GDP) growth of 6.4 per cent, which exceeded the national average last year.
"This is no small feat, it proves that Johor is not only a key economic driver in southern Malaysia but also among the leading states contributing to national growth," he said, and expressed his deepest appreciation to Prime Minister Datuk Seri Anwar Ibrahim for his consistent support for Johor's development.
He said when speaking at the launch of the 2025 National Month and the Fly the Jalur Gemilang campaign by the prime minister at Dataran Tanjung Emas, here today.
He also expressed his appreciation to Anwar for the recent announcement of various initiatives for the people, including the one-off RM100 donation and the proposed reduction in the price of RON95 petrol.
"I would like to record my highest appreciation to the Prime Minister for these announcements," he said.
According to him, Johor remains fully aligned with federal initiatives, including programmes such as Bakul Kasih, Jualan Kasih, Dapur Kasih, construction of affordable houses, hospital support and many other community-based efforts.
Onn Hafiz also extended his gratitude to the federal government for choosing Johor, especially Muar, as the host for the launch of the 2025 National Month and the Fly the Jalur Gemilang campaign.
He said Muar holds historical significance in the nation's journey towards independence and has produced prominent figures such as Datuk Onn Jaafar, Tan Sri Mohamed Noah Omar, and Abdul Majid Salleh.
"These individuals were not only courageous but also honest in their struggle and sincere in their service to the nation.
"Therefore, the selection of Johor, and Muar specifically, as the launch site for this year's National Month is no coincidence. It is a fitting tribute to our historical roots," he added.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Cross-border RTS 2 to spur development in Iskandar Puteri: HLIB
Cross-border RTS 2 to spur development in Iskandar Puteri: HLIB

New Straits Times

time2 hours ago

  • New Straits Times

Cross-border RTS 2 to spur development in Iskandar Puteri: HLIB

KUALA LUMPUR: The proposed RTS 2 link between Tuas and Iskandar Puteri, could be a major catalyst for Iskandar Puteri region, especially amid rising cross-border activity under Johor-Singapore Speciali Economic Zone (JS-SEZ). Hong Leong Investment Bank Bhd (HLIB) said while still at an early discussion stage, the RTS 2 proposal was timely and strategically important. HLIB said the JS-SEZ is expected to drive substantial cross-border economic activity and workforce mobility, and a second RTS link would play a key role in easing congestion, improving connectivity and supporting sustained growth in cross-border commuting. However, no specific details on alignment, stop locations or implementation timelines have been disclosed at this juncture. "If realised, RTS 2 could be a major catalyst for Iskandar Puteri, similar to the impact seen around the existing RTS link in JB. "Residential property prices near the current RTS station surged significantly, doubling in just a few years prior to operations commencement, highlighting the powerful value uplift potential of cross-border transit infrastructure," it said. HLIB believe RTS 2 could replicate this trend in Iskandar Puteri, benefitting developers with strategic landbank exposure in the area, notably Sunway Group and UEM Sunrise Bhd. Meanwhile, the firm said for perspective, new high-rise launches near the existing RTS corridor are now commanding prices of RM1,000 to RM1,500 per square foot. In contrast, there have been few recent high-rise launches in Iskandar Puteri. For comparison, it said Sunway's Maple Residences, a landed project launched in late 2024, was priced at just RM550 per square foot. HLIB added that the introduction of RTS 2 would not only uplift property prices in the region but also shift development dynamics. It noted that improved accessibility would justify a move from low-density landed homes to higher-density high-rise developments, improving land efficiency and allowing developers to extract greater value from their landbank.

Everyone can't be a striker: Johari tells Umno to play as a team ahead of GE16
Everyone can't be a striker: Johari tells Umno to play as a team ahead of GE16

Malay Mail

time3 hours ago

  • Malay Mail

Everyone can't be a striker: Johari tells Umno to play as a team ahead of GE16

KUALA LUMPUR, Aug 3 — Umno should adopt the mindset and strategy of a professional football team as it gears up for the next general election, said party vice-president Datuk Seri Johari Abdul Ghani, according to Kosmo! Speaking at the Johor Bahru Umno Division Delegates Meeting today, Johari stressed that success in politics depends on unity and clear roles — much like a football squad working together on the pitch. 'Politics is like football — we can't fight alone. You need strikers, midfielders, defenders, goalkeepers, reserves, and even supporters,' he was quoted as saying by Kosmo! He added: 'If everyone wants to be a striker and score goals, the team will struggle. But if each person plays their part, we can win.' Johari pointed to his own experience in the 15th general election, saying the win in the Titiwangsa parliamentary seat was not his alone. 'The victory in Titiwangsa wasn't just mine — it was a team victory for Titiwangsa Umno,' Kosmo! reported him as saying.

Bursa Malaysia to trade higher next week on US rate cut, upcoming 13MP debate
Bursa Malaysia to trade higher next week on US rate cut, upcoming 13MP debate

New Straits Times

time8 hours ago

  • New Straits Times

Bursa Malaysia to trade higher next week on US rate cut, upcoming 13MP debate

KUALA LUMPUR: Bursa Malaysia is likely to trade higher next week, supported by improved investor sentiment following the reduction in United States (US) tariffs and the upcoming debate on the 13th Malaysia Plan (13MP) during the Parliamentary sitting beginning Aug 4. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research, Mohd Sedek Jantan, said the FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to trade within the 1,545 to 1,555 range. He noted that export-oriented stocks are expected to lead the rebound, with technology counters poised to benefit benefit from both global supply chain repositioning and the country's ongoing digitalisation agenda. "The 13MP unveiled by the Prime Minister Datuk Seri Anwar Ibrahim on Thursday anchors the medium-term policy around geoeconomic resilience, supply chain realignment, and digital transformation. "Of particular note is the plan's emphasis on artificial intelligence, which reinforces our constructive view on the long-overdue re-rating of the technology sector," he told Bernama. Mohd Sedek also noted that recent domestic data supports the case for recovery, highlighting the S&P Global Malaysia Manufacturing Purchasing Managers' Index (PMI), which rose for the third consecutive month—from 49.3 in June to 49.7 in July. "While the index remains just below the expansion threshold, the steady improvement signals ongoing stabilisation in the manufacturing sector," he said. Furthermore, Malaysian equities remain undervalued compared to regional peers as investors shift their focus to China's July trade data, which is due next Thursday. "As such, we remain cautiously optimistic that foreign investors will return as net buyers, particularly as they look to diversify away from the overstretched US equity markets. On a weekly basis, the benchmark index eased 0.41 of-a-point to 1,533.35 on Friday from 1,533.76 a week earlier. The FBM Emas Index increased 18.51 points to 11,525.33, the FBMT 100 Index gained 15.91 points to 11,285.63, and the FBM Emas Shariah Index climbed 11.78 points to 11,540.76. The FBM 70 Index increased 106.305 points to 16,607.57 while the FBM ACE Index dropped 14.65 points to 4,624.37. By sector, the Financial Services Index put on 25.97 points to 17,480.2, the Energy Index went up 9.75 points to 749.60, while the Plantation Index decreased 63.82 points to 7,370.97. Weekly turnover expanded to 15.94 billion units worth RM11.88 billion from 11.92 billion units worth RM11.43 billion in the previous week. The Main Market volume swelled to 8.33 billion units valued at RM10.46 billion compared with 6.63 billion units valued at RM9.70 billion previously. Warrants turnover declined to 5.50 billion units worth RM859.03 million from 7.10 billion units worth RM1.15 billion in the preceding week. The ACE Market volume improved to 2.10 billion units valued at RM561.51 million versus 1.68 billion units valued at RM577.05 million a week ago.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store