Latest news with #JS_SEZ
Malay Mail
5 days ago
- Business
- Malay Mail
Johor-Singapore SEZ gains momentum as Anwar reaffirms Putrajaya's commitment to governance and growth
KUALA LUMPUR, May 23 — The federal government will continue to support efforts to ensure infrastructure and facilities are at the highest level to strengthen investor confidence and the overall success of the Johor-Singapore Special Economic Zone (JS-SEZ) as a catalyst for new growth in Johor. In a Facebook post, Prime Minister Datuk Seri Anwar Ibrahim said he appreciated Menteri Besar Datuk Onn Hafiz Ghazi's briefing on the progress of foreign investment, especially in JS-SEZ. 'Alhamdulillah, this initiative between the two countries has succeeded in attracting high interest and confidence among investors to invest in Johor,' he said. The Prime Minister, who arrived in Johor this morning, said he attended several important planning events, starting with the Johor State Development Special Meeting in Kota Iskandar with the Menteri Besar and state and federal leaders. 'In this meeting, I reiterated my commitment to efficient governance and integrity, especially in the aspects of management, finance and administration. 'This includes the issue of the people's security and health in the implementation of projects involving the procurement of equipment and services. 'We need to adopt a wise approach and think outside the box so that the savings achieved can be channeled to other more urgent needs, especially in the fields of public health and education,' he said. The Prime Minister said the state government also presented development projects that are priorities in Johor, including the issue of raw water supply, access systems at Customs, Immigration and Quarantine Complex (CIQ) in Sultan Iskandar Building and Sultan Abu Bakar Complex. 'The presentation also involved the operation of Pasir Gudang Hospital, land affairs as well as several pre-implementation projects that are currently being planned,' he said. — Bernama
Malay Mail
7 days ago
- Business
- Malay Mail
Asean Summit set to unlock RM300b in FDI, boosting Malaysia's economy, says Juwai IQI
KUALA LUMPUR, May 22 — The Asean Summit will be a platform to integrate regional economies and promote trade through potential agreements with an estimated RM300 billion in foreign direct investment (FDI) in the next five years, according to Juwai IQI. Its co-founder and group chief executive officer Kashif Ansari said in a statement today that it is important for Asean member countries to work together as the region faces a complicated world, with global strategic rivalries, new technologies, and artificial intelligence (AI) disruptions. 'The summit could boost Malaysia's economy through regional integration, Asean unity in global trade, and foreign direct investment. Changes in these three areas could mean hundreds of billions of ringgit in additional trade and capital over the coming years. 'The Johor-Singapore Special Economic Zone (JS-SEZ) is a prime example of integration, which could contribute as much as RM110.9 billion to Malaysia's economy annually by 2030,' he said. Kashif said a tighter-knit Asean could boost Malaysia's total trade volume significantly, to about RM3.87 trillion by 2027; exports could reach an all-time high of RM2.13 trillion in annual export volume by 2030. 'While the agreements coming out of the summit could have us shipping more goods out by 2030, we will also be receiving more inbound FDI, with that money going into local innovation, infrastructure, employment, and property,' he noted. In the property sector, based on IQI's analysis, FDI inflows during this period will generate at least RM15 billion in new real estate activities, which include industrial parks, commercial centres, logistics hubs, and housing developments, said Kashif 'With RM300 billion of FDI projected by 2030, we estimate RM15 billion, or five per cent, will be channelled into the real estate industry. 'We have estimated this five per cent ratio between FDI and real estate based on typical patterns seen across the region. The real number could be lower, or much higher,' he said. According to Kashif, global brands have built data centres, electric vehicle facilities, and logistics hubs over the past few years. These developments create high-quality property demand in the industrial sector and have a spillover effect on housing, office, and retail. 'This Asean Summit is a platform for improving Malaysia's future. If regional leaders can agree to deepen intra-Asean trade, harmonise regulations, and reduce trade barriers, Malaysia and all our partner nations will benefit,' he added. The Asean Summit will be held at the Kuala Lumpur Convention Centre on May 26 and 27, alongside the second Asean-Gulf Cooperation Council (GCC) Summit and the inaugural Asean-GCC-China Summit. This is the fifth Asean chair for Malaysia. Its previous terms were in 1977, 1997, 2005 and 2015. — Bernama
Independent Singapore
20-05-2025
- Business
- Independent Singapore
6 banks back Malaysia's JS-SEZ push, securing RM2.35B
Photo: Facebook / Rafik Abd Rashid (for illustration purposes only) MALAYSIA: Six local and international banks have signed letters of intent (LOIs) with Malaysia's Economy Ministry to drive investments into the Johor-Singapore Special Economic Zone (JS-SEZ), securing RM2.35 billion (S$709 million) in investment so far, The Edge Malaysia reported. The banks involved were Bank of America Malaysia, CGS International, CIMB Group Holdings Bhd, HSBC Malaysia, Malayan Banking Bhd (Maybank), and Sumitomo Mitsui Banking Malaysia. The banks are responsible for guiding investments into the JS-SEZ, a cross-border hub for innovation, logistics, healthcare, and sustainable industries. On Monday, Maybank said it helped Singapore-based clients Alpine Renewables, Centurion Corporation Ltd, Edible Oils Pte Ltd, and Thomson Medical Group Ltd submit LOIs to the Iskandar Regional Development Authority (IRDA) for investment plans of up to RM2.35 billion over the next three to 10 years. Economy Minister Datuk Seri Rafizi Ramli said during the JS-SEZ Partners' Dialogue: Advancing Facilitation forum that the banks' presence is 'critical to galvanising private-sector participation through the pooling of capital and commerce.' He said that securing support from these key financial players is the 'best show of progress and belief in the JS-SEZ' so far. Mr Rafizi added that a European bank is expected to join soon. However, he noted that the internal process may take 'slightly longer.' The JS-SEZ agreement signed on Jan 6 aims to attract investment in 11 sectors, including the digital economy, logistics, tourism, manufacturing, and renewable energy, and create 20,000 skilled jobs over the next decade. /TISG Read also: Economy Minister Rafizi Ramli envisions 'Made by Malaysia' chips and GPUs in next 5 to 10 years
Malay Mail
19-05-2025
- Business
- Malay Mail
Maybank moves to supercharge Johor-Singapore SEZ with RM2.35b investments
KUALA LUMPUR, May 19 — Malayan Banking Bhd (Maybank) has signed a letter of intent (LOI) with the Ministry of Economy to support the Johor-Singapore Special Economic Zone (JS-SEZ) and facilitate up to RM2.35 billion in client investments over the next three to 10 years. Maybank said the LOI covers four key areas - financing support; promotion and global visibility; collaboration on events and stakeholder engagement; and research and thought leadership. It said under financing support, Maybank would, among others, facilitate financing, including green financing and Islamic financing for critical new technologies and infrastructure development and provide comprehensive trade finance solutions, investment guarantees and credit facilities to attract foreign direct investments. President and group chief executive officer Datuk Khairussaleh Ramli said Maybank has launched several initiatives to position the zone as a regional hub, including strengthening the local ecosystem by upskilling micro, small and medium enterprises in the areas of supply chain and halal facilitation and establishing a JS-SEZ Desk to drive investments. 'Maybank has been taking the lead in supporting clients in strategic sectors such as data centres, infrastructure and semiconductor and facilitated the approval of the first single family office in Malaysia and the Forest City Special Financial Zone,' he said in a statement. At the JS-SEZ Partners' Dialogue: Advancing Facilitation event hosted by the Ministry of Economy today, Maybank said it facilitated the submission of LOIs by Singapore-headquartered clients: Alpine Renewables and Edible Oils Pte Ltd (Alpine), Centurion Corporation Ltd (Centurion) and Thomson Medical Group Ltd (TMG). It said these intended investments contribute to the development of the 11 JS-SEZ economic sectors, particularly in the green economy, manufacturing, logistics and healthcare, and align with the Madani Economy's aspirations of creating new growth engines, and adding high value jobs. 'In anticipation of surging demand for sustainable biofuels, Alpine's subsidiary, Alpine Assets Management Sdn Bhd, plans to invest approximately RM350 million over the next three years to develop a Renewable Energy Feedstock Pretreatment and Renewable Biodiesel Refinery Facilities in the Tanjong Langsat Industrial Port. 'The project has a forecasted throughput of approximately 600,000 metric tonnes of renewable feedstock oil into biofuel finished product, which would strengthen the port's position as a major biofuel bunker supplier for the marine fuel market,' it said. Meanwhile, an owner and manager of workers and student accommodation, Centurion, has expressed interest in investing RM300 million to RM500 million in the next five years to double its bed capacity in the JS-SEZ, and address the priorities of employers in key sectors of the JS-SEZ for Centralised Living Quarters, according to Maybank. It said TMG specified a strong interest to invest up to RM1.5 billion over the next ten years to develop Thomson Hospital Iskandariah, located on a 1.5-hectare site in Stulang, Iskandar Malaysia. This would create approximately 1,500 jobs across clinical, research, specialist physicians and support services, including healthcare technologies. — Bernama
Free Malaysia Today
19-05-2025
- Business
- Free Malaysia Today
Maybank facilitates RM2.4bil investments into JS-SEZ
Maybank has signed a letter of intent with the economy ministry outlining its interest in promoting the Johor-Singapore special economic zone. (EPA Images pic) KUALA LUMPUR : Malaysia's largest lender, Malayan Banking Bhd facilitated as much as RM2.35 billion (US$545 million) in client investments into the Johor-Singapore special economic zone (JS-SEZ) as part of efforts to promote the region. Maybank facilitated the submission of letters of intent by Singapore-headquartered clients Alpine Renewables and Edible Oils Pte Ltd, Centurion Corp and Thomson Medical Group Ltd into the JS-SEZ, according to a statement today. Leaders of Singapore and Malaysia in January launched the zone that links the border region of both countries. The JS-SEZ is nearly twice the size of China's Shenzhen — the city bordering Hong Kong, whose success Malaysia is hoping to emulate with the JS-SEZ. Maybank also said it signed a letter of intent with the economy ministry that outlines its interest in joint efforts to promote the JS-SEZ. The bank would facilitate financing for critical new technologies and infrastructure development, and provide trade finance solutions, investment guarantees and credit facilities to attract foreign direct investments.
