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Malay Mail
21-04-2025
- Business
- Malay Mail
Singapore to enhance JS-SEZ fundamentals to unlock cross-border opportunities, says DPM Gan Kim Yong
JOHOR BAHRU, April 21 — Singapore will continue to strengthen the fundamentals of the Johor-Singapore Special Economic Zone (JS-SEZ) to enhance its value proposition, according to its Deputy Prime Minister and Trade and Industry Minister Gan Kim Yong. He noted that the republic aims to improve the flow of goods and people between Singapore and Johor by simplifying clearance and customs procedures. Additionally, efforts will be made to fortify the business ecosystem through streamlined approval processes, investment in talent development, and the establishment of a single touchpoint for businesses, he said. 'In particular, on Singapore's end, the Ministry for Trade and Industry, together with EnterpriseSG and Economic Development Board, have established a joint project office to support Singapore-based companies keen to expand and do more in the JS-SEZ and this will complement the Invest Malaysia Facilitation Centre-Johor established by Malaysia,' he said in his keynote address at JS-SEZ Business and Investment Forum, here today. Also present were Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz and Johor Menteri Besar Datuk Onn Hafiz Ghazi. Furthermore, Gan said Singapore would strengthen its network of economic partnerships with like-minded nations and economic blocs, such as within Asean and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, as well as the Gulf Cooperation Council and the European Union, to open up new markets and supply chain flows for businesses. He also said the JS-SEZ presents an opportunity for businesses to explore ways to 'strengthen their supply chain', so they can better respond to volatility and continue to grow their businesses. 'The JS-SEZ builds on the strong, longstanding economic partnership between Malaysia and Singapore to open a new frontier of opportunities for businesses,' he said. Gan said that some businesses in Singapore may choose to expand their capacity in the JS-SEZ and develop new capabilities, while others may also decide to twin their presence in both Singapore and Johor, so that they can tap into our complementary strengths. He highlighted that, for example, South Korea's SPC Group has chosen to site its halal manufacturing plant in Johor, while establishing a regional headquarters and innovation centre in Singapore that drives the research and development of new products. 'We also hope that we can attract and anchor new businesses which are not yet in Singapore or Malaysia to site their new investments in the JS-SEZ,' he said. Gan also hoped that Malaysia and Singapore would team up with like-minded countries, double down on better connectivity and ease of doing business, and join hands with businesses and investors at a time of significant volatility, uncertainty and anxiety in the global economy. 'This way, both countries can further bridge our economies through the JS-SEZ and strengthen our supply chain, so that we can be more dynamic and resilient together and continue to create good jobs for people on both sides of the Straits,' he added. — Bernama
Iraqi News
12-04-2025
- Business
- Iraqi News
With the participation of 1200 local and foreign companies ,the launch of the Business and Investment Forum in Babylon
Babil-INA The Business and Investment Forum was launched today, Saturday, in Babylon Province, with the participation of 1,200 local, Arab, and foreign companies, to present 450 investment opportunities across various sectors. An Iraqi News Agency (INA) correspondent said, "The activities of the Business and Investment Forum kicked off in Babil Governorate, with the participation of 1,200 local, Arab, and foreign companies, showcasing 450 investment opportunities in the electricity, industry, tourism and antiquities, agriculture, and transportation sectors." He added, "The forum was held in the presence of the Chairman of the Military Industrialization Authority, the Governor of Babil, the Chairman of the Provincial Council, three governors from the Islamic Republic of Iran, in addition to representatives of American, German, and international companies, and a number of members of the Iraqi Council of Representatives."
Shafaq News
11-04-2025
- Business
- Shafaq News
Babil hosts second day of the Babylonian Civilization Festive
Shafaq News/ On Friday, Babil province hosted the second day of the International Day of Babylonian Civilization Event, drawing large official and public attendance, along with wide Arab and international participation. The day's activities featured a range of cultural, artistic, and industrial exhibitions. Among the highlights was an industrial fair showcasing the capabilities of Babil's industrial sector, with participation from both public and private companies. Key contributors included the State Company for Automotive Industry, Al-Furat Chemical Industries, and Al-Sadda Cement Company, alongside various local firms. The exhibition aimed to spotlight Babil's industrial potential and promote the province's investment opportunities within the manufacturing sector. Speaking to Shafaq News Agency, Raad Joni Al-Makhzoumi, Deputy Governor of Babil and Head of the Business and Investment Authority, said the province is preparing to present around 300 industrial investment opportunities during the Business and Investment Forum, scheduled for Saturday at the exhibition grounds. The forum is expected to attract more than 200 investors representing over 20 countries. 'Babil is confidently moving toward becoming Iraq's industrial capital in the coming years through an attractive investment environment and a growing economic climate,' Al-Makhzoumi added. Meanwhile, academic sessions were held with the participation of scholars and researchers from the universities of Babil, Al-Mustaqbal, and Al-Hilla, in which topics discussed ancient Babylonian medicine and daily life patterns in ancient civilizations, reflecting the region's rich historical and intellectual heritage. The day concluded with dialogue sessions at the Grand Hall of the Babylon Antiquities and Heritage Inspectorate, where participants stressed the importance of maintaining and showcasing the province's civilizational and industrial identity both locally and internationally. The third day of the event is expected to witness the announcement of a significant package of investment projects, aimed at transforming the local economic landscape and driving sustainable development for Babil province.
