
Johor, Singapore must embrace strengths, not compete
Speaking at the Lee Kuan Yew Exchange Fellowship dinner here last night, Onn Hafiz said Singapore's capital and connectivity, paired with Johor's land and labour advantages, make the two neighbours natural allies.
"Let's stop thinking in terms of rivalry and focus on shared strategy. Together, we can build regional supply chains, renewable energy projects, data infrastructure and food security frameworks," he said.
The menteri besar praised Singapore's transformation under its founding father, calling Lee Kuan Yew "a statesman whose vision uplifted not only Singapore, but leadership standards across the region."
"It's not always easy being Singapore's neighbour when your people constantly compare roads, airports and customer service! But the truth is, we admire Singapore deeply," Onn Hafiz said, acknowledging the often inevitable comparisons between Johor and its neighbour.
He said the Johor-Singapore relationship is one of the most important bilateral dynamics in Southeast Asia and must be protected and deepened.
"It is goodwill, not just GDP, that sustains partnerships."
Onn Hafiz also urged both sides to fully realise the Johor-Singapore Special Economic Zone (JS-SEZ).
"If we plan wisely, we can create a corridor of prosperity from Woodlands to Iskandar Puteri and beyond."
"Our friends in Singapore are always welcome in Johor, not just for better food, but for real partnership and shared progress," he added.
The event, attended by Singapore Foreign Minister Dr Vivian Balakrishnan and other dignitaries, marked Onn Hafiz's participation as a Lee Kuan Yew Exchange Fellow, joining a select group of regional leaders honoured for their contributions to diplomacy and development.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Malay Mail
15 minutes ago
- Malay Mail
Vincent Tan's Detik Ria settles billion-dollar row with Prudential in landmark insurance deal
KUALA LUMPUR, Aug 7 — British insurer Prudential has reached an out-of-court settlement with its Malaysian partners, led by businessman Tan Sri Vincent Tan and members of Johor's royal family, over a long-running shareholding dispute. The agreement allows Prudential to acquire an additional 19 per cent stake in Prudential Assurance Malaysia Berhad (PAMB) from Detik Ria, a company controlled by Tan, Singapore's CNA reported. This acquisition, which still requires regulatory approval from the Ministry of Finance and Bank Negara Malaysia, would raise Prudential's stake in PAMB to 70 per cent. Detik Ria, which will retain 30 per cent of PAMB after the deal, has started talks with local institutional investors in a bid to sell off its remaining interest. Sources familiar with the matter told CNA that the total value of the proposed deal and settlement may exceed RM850 million. 'This deal will end all litigation and both parties have resolved all matters to the joint venture,' said a senior financial executive close to Tan. Prudential and Detik Ria have been embroiled in legal disputes since 2019 over shareholding and dividend payment issues in their Malaysian joint venture. Detik Ria had initially agreed in 2008 to sell its entire interest in PAMB to Prudential but later tried to rescind the deal in 2018 after receiving RM109 million out of the RM114 million agreed price. Prudential responded by suing Detik Ria in Malaysia, where it won judgments in the High Court and Court of Appeal before the Federal Court overturned the decision in July 2024, citing a lack of Finance Ministry approval. Prudential's application for a review of the Federal Court ruling was dismissed in June, effectively halting its push for full ownership of PAMB through the courts. Meanwhile, Detik Ria filed a suit in April seeking US$833 million (RM3.5 billion) in dividends, but last week both parties resolved the matter with Prudential agreeing to pay US$83 million and waive a US$33 million debt. Prudential stated that this settlement was 'full and final' and would not impact its control over PAMB's operations or its service to customers. The legal tussle had drawn attention due to its implications for foreign ownership rules and the complexities of joint ventures in Malaysia's financial sector. Prudential first entered the Malaysian market in 1924 and formalised a joint venture with Detik Ria in 2002 to comply with local shareholding policies under the New Economic Policy. Detik Ria includes nine shareholders linked to Tan and counts among its major stakeholders Persada Majestik, a firm owned by Johor royalty. The Prudential-Detik Ria arrangement, involving a holding company called Sri Han Suria, was structured to navigate Malaysia's regulatory landscape, with Prudential holding 51 per cent and Detik Ria 49 per cent. Malaysia's insurance sector, forecast to grow to RM30.5 billion in direct premiums by 2028, has long been dominated by foreign players, many of whom face pressure to restructure shareholding to include local partners.


Malay Mail
12 hours ago
- Malay Mail
Four decades, one mission: Johor couple keeps Malaysia close to tourists' hearts
BATU PAHAT, Aug 6 — In a corner of the Arena Warna complex in Ayer Hitam — a popular spot for traditional handicrafts and snacks — an elderly couple can be seen diligently serving customers at their souvenir shop. With warm and welcoming smiles, 70-year-old Wang Ah Hie and his 69-year-old wife Karen Lim proudly display a range of locally themed merchandise, including T-shirts bearing the words 'Malaysia', 'Johor' and 'Ayer Hitam'. For the couple, these items are more than just products for sale — they are a symbol of their love and devotion to the country. 'When tourists return to their home countries, they take a piece of Malaysia with them. This is our small way of introducing the country to visitors and fostering a sense of patriotism among locals,' he told Bernama at his shop. The couple began modestly by selling handmade crafts by others — including pottery, vases, fridge magnets and T-shirts — by the roadside in Ayer Hitam in 1980. In 2000, they took a step forward by launching their own products under the 'Kampungku' brand. — Picture from X/Bernama The couple began modestly by selling handmade crafts by others — including pottery, vases, fridge magnets and T-shirts — by the roadside in Ayer Hitam in 1980. In 2000, they took a step forward by launching their own products under the 'Kampungku' brand. What makes their business even more unique is that most of the designs for their T-shirts, mugs, jackets, tote bags and caps are created by their eldest son, Wang Sin Ee, 45. Sin Ee said they opened a branch at Senai International Airport in 2015, aiming to attract foreign tourists seeking to take home a memento of Malaysia. 'We want tourists not just to buy our products as souvenirs, but also to feel proud when wearing something that says 'Malaysia'. Patriotism isn't just for locals — it can be shared with others too,' he said. What makes their business even more unique is that most of the designs for their T-shirts, mugs, jackets, tote bags and caps are created by their eldest son, Wang Sin Ee, 45. — Picture from X/Bernama According to him, the distinctive designs of Kampungku's T-shirts have drawn strong interest from tourists from Singapore, Indonesia, Vietnam, China, Japan, South Korea, and Middle Eastern countries. 'We come up with more than 20 T-shirt designs every year due to strong demand. We make sure every design reflects elements of Malaysia — from the colours to the lettering. That's what makes them stand out,' he said. Meanwhile, Yong Peng District Council secretary Muhamad Sharul Azmi Md Kamil described the family's efforts as extraordinary in promoting national identity through small-scale entrepreneurship. 'Imagine, for over four decades they have tirelessly promoted the names Malaysia, Johor, and Ayer Hitam to foreign tourists. This is a remarkable example of ordinary citizens helping to elevate the country's image on the global stage,' he said. — Bernama


New Straits Times
12 hours ago
- New Straits Times
Singapore's Carro targets US IPO with over US$3bil valuation
SINGAPORE: Singapore-based Carro, Southeast Asia's largest used-car online marketplace, is preparing for a US initial public offering as early as 2026 that could raise up to US$500 million, according to sources familiar with the matter. The company is aiming for a valuation of more than US$3 billion, according to the sources, who could not be named discussing confidential information. If successful, Carro's listing would be the largest Southeast Asian IPO in the US since SEA's US$989.3 million listing in 2017 and the third biggest Southeast Asian high-tech IPO in the United States, according to LSEG. It would also be the first major automotive tech and artificial intelligence or AI-driven commerce startup from Singapore to go public in the United States. Carro is on track to deliver US$100 million in annual earnings before interest, taxes, depreciation, and amortisation by its fiscal year ending March 2026, one of the sources said. The IPO size is still under discussion and may change depending on market conditions, the sources added. Carro did not immediately respond to an email request seeking comment on Wednesday. Founded in 2015, Carro operates a digital platform that enables consumers and dealers to buy and sell vehicles, while also offering insurance, financing and after-sales services. Besides Singapore, it has a presence in markets across the Asia-Pacific region including Malaysia, Indonesia, Thailand, Japan, Taiwan and Hong Kong, its websites show. With over 4,500 employees across Asia-Pacific, Carro has raised more than US$1 billion in debt and equity from investors including Temasek, SoftBank and several other sovereign funds, according to its websites. A successful listing could pave the way for other regional unicorns such as Carsome, Traveloka and Xendit to follow suit. Beyond Southeast Asia, a growing number of Chinese companies are also eyeing US listings, drawn by the potential for higher valuations despite ongoing geopolitical tensions.