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CNA
3 days ago
- Business
- CNA
Lessons from the past, geopolitical uncertainties can help Johor-Singapore Special Economic Zone take off
After decades of cross-border cooperation, Singapore and Malaysia in January inked an agreement to embark on their most ambitious joint project yet – the Johor-Singapore Special Economic Zone (JS-SEZ). Its aim is simple: leverage the unique strengths of both countries to attract fresh investment into Singapore and Malaysia. The zone promises to fuse Singapore's strengths in research and development with Malaysia's industrial muscle and land space – if certain cross-border challenges can be resolved. Singapore's Ministry of Trade and Industry (MTI) told CNA TODAY that businesses based here may tap the economic zone to expand their downstream capabilities, or twin their operations in Johor with their headquarters back home. Its target is also to facilitate the expansion of 50 projects and create 20,000 skilled jobs in five years. So far, interest in the JS-SEZ – which comprises nine 'flagship areas' covering economic sectors ranging from manufacturing and digital economy to health and tourism – has been promising. In recent months, trade associations such as the Singapore Business Federation (SBF) and the Singapore Manufacturing Federation (SMF) have organised a few missions to Johor for its members to explore new opportunities. More than 180 Singapore companies took part in the business mission organised by SBF in February, while SMF has brought representatives from about 150 firms across the border so far this year alone. Additionally, the joint JS-SEZ project office that was formed by MTI, the Economic Development Board (EDB) and trade agency Enterprise Singapore has received more than 140 enquiries from domestic and foreign companies so far, MTI said. The Invest Malaysia Facilitation Centre Johor (IMFC-J), a one-stop centre to fast-track investor journeys within the special economic zone that is led by both state and federal government agencies, has also received more than 300 investor enquiries, with 100 focused on the Forest City Special Financial Zone alone, it told CNA TODAY. Dulling this early enthusiasm, however, is the lack of clarity regarding the zone's regulations and incentives. In CNA TODAY's conversations with businesses that either have an eye on expanding to Johor or are already situated there, most said they are awaiting further announcements to see if their companies would qualify for special privileges within the zone. The Malaysian Investment Development Authority (MIDA) has already published its tax incentive package for businesses looking to enter the zone. However, a minimum capital investment of RM500 million (US$118 million) is required for projects in various sectors to be eligible – a tough ask for many small- and medium-sized enterprises (SMEs). Singapore, for its part, has delivered on initiatives such as streamlined procedures at customs for land intermodal transshipment and passport-free QR-code clearance, but it has yet to reveal much about tax incentives specific to the economic zone for businesses. Mr Ang Yuit, president of the Association of Small & Medium Enterprises (ASME), said that as a result, the economic zone in its present form does not 'have immediate resonance with Singapore firms, apart from providing a baseline confidence of what both governments' directions are'. Speaking at a media gathering on May 20, he also said that some existing Singapore businesses in Johor Bahru have faced administrative and regulatory issues such as contrasting instructions from Malaysia's federal and state governments on taxable items. 'This indicates that firms must be prepared for hiccups and the need for alignment along the JS-SEZ journey," Mr Ang added. Many businesses have thus chosen to take a 'wait-and-see' approach before committing to operations in the area. They are, however, hopeful that the governments will announce more schemes beneficial to SMEs in time to come. Taking a wider view, Prime Minister Lawrence Wong said in January that the greater potential for the SEZ is 'not just about Singapore businesses going to Johor, but it is about both sides working together to attract new investment projects globally '. The signs are slightly more optimistic on that front. Mr Ben Neumann, who leads the Singapore business of global mobility advisory firm Vialto Partners, said his firm is seeing more interest coming from large multinational corporations and SMEs enquiring about the SEZ, than from local companies in Singapore and Malaysia. Indeed, industry players believe that the unfolding trade war between the United States and its major trading partners positions the JS-SEZ favourably to investors who are looking for more stable regions to put their money. It may still be early days, but capital across the globe are keenly monitoring what was billed as a 'game changer' by Malaysia's former economy minister Rafizi Ramli. CNA TODAY takes a closer look at how the JS-SEZ is shaping up, and what stumbling blocks it may have to overcome. EARLY GAINS FOR BUSINESSES Just five months after the bilateral agreement was formalised, SMEs with existing operations in the areas outlined in the JS-SEZ told CNA TODAY that opportunities for business partnerships have already grown. One such company is Singapore-based green energy firm GoRental SG, which provides solar-powered energy packs to help reduce the carbon footprint of large-scale events. In 2020, the company established solar facilities in one of the zone's flagship areas. GoRental's managing director Colin Peh said his firm saw a 30 per cent increase in the number of collaborations with Malaysian firms since January. While government agencies in Malaysia used to indicate a preference for working with local firms, that mindset has since shifted considerably to one that is more responsive and amenable to cross-border collaborations, he added. 'The entry point is a lot more open because the governments have paved the way,' said Mr Peh. 'So when I talk to Malaysian companies to work together, there's an openness to it. That has become a norm in that whole zone.' One tangible benefit his firm has gained as a result of this receptiveness to collaboration is in his search for skilled workers. Earlier this year, Mr Peh's team sought MIDA's help to find engineers to work on GoRental's solar facilities. They were given access to a pool of suitable candidates and pointed to relevant grants to help with hirings costs. A Malaysian construction firm Southrise, which has operations in Senai, Johor, has similarly seen a 15 to 20 per cent increase in tenders commissioned to them since January. Its administrative manager Cassie Tiong attributed the rise to the increased interest in the JS-SEZ. Banks have also taken steps to promote the project and have indicated their willingness to lend to smaller firms within the zone. United Overseas Bank in February launched a Green Lane with Invest Johor to fast-track investments into the JS-SEZ. Three months later, Maybank announced that it had partnered with ASME to facilitate Singapore-based SME financing and access to the zone too. The Malaysian bank also facilitated S$709.6 million (US$545 million) in client investments last week – from Thomson Medical Group, Centurion Corporation, and Alpine Renewables and Edible Oils – into the JS-SEZ. Though the zone is still very much in its infancy, larger firms which have taken the leap to expand into Johor have also benefited from the JS-SEZ thus far. Singapore-based agritech firm Archisen recently completed its development of a 52,000 sq ft smart indoor vertical farm located in Iskandar Puteri, a joint venture with Malaysia's state-owned agri-food company FarmByte. Archisen CEO Vincent Wei said his firm, which offers an end-to-end solution to design, build and operate urban farms, has seen an uptick in interest from both collaborators and clients who are keen to work with them in the JS-SEZ. Mr Wei said that Johor has for many years been known for having lower costs of production. 'What was lacking is the security, and the know-how of getting business approvals and permits,' he added. 'Furthermore, there will also be a slew of tax incentives which are in the process of being implemented – so that further attracts companies' interests.' Data centres aplenty have also entered Johor in recent years. Princeton Digital Group, a Singapore-based internet infrastructure firm, officially launched its data centre campus in Sedenak Tech Park in July 2024. Its chief technology officer Asher Ling said while it was still too early to provide an update on the benefits of the JS-SEZ to his company, it is optimistic of the SEZ's potential to deliver long-term advances to the industry, particularly in terms of regulatory efficiency, improved cross-border connectivity and access to skilled talent. In essence, while the benefits of Johor's comparatively lower costs for labour and land are not new, the formalisation of JS-SEZ signals a new level of political will that attracts investment from both regional and global players, businesses said. Mr Marcus Sia, the managing director of advanced manufacturing firm Applied Total Control Treatment (ATC), added that Singapore's appeal as a hub by itself is no longer what it used to be, owing to its reputation as an expensive city. But the symbiotic nature of the JS-SEZ acts as a counter to that reputation. 'Whatever we can offer, many other countries can also offer today… In business, people want options, choices – so you need to know how to position yourself,' he said. Mr Sia's firm has had operations in the Senai town of Johor, now a part of the JS-SEZ, since 2017. Owing to the appeal of the JS-SEZ, his company, which primarily focuses on manufacturing for the aerospace and semiconductor industries, now sees positive interest from 'seven out of 10' clients that they approach, said Mr Sia. HURDLES AND LINGERING DOUBTS Despite the early gains for some businesses, trade associations from both countries agreed that there is still much to be done. Industry players in Singapore told CNA in January that they were concerned about several issues, including a lack of skilled labour in Johor and congestion along the Causeway – and some of those issues remain today. Mr Sebastian Tan, the group managing director at media production firm Shooting Gallery Asia, is resuming its Malaysian operations in Medini Johor – which is part of the Iskandar Puteri flagship area – after previously being based in Kuala Lumpur. He said that the 'energy and vibrancy' generated by the JS-SEZ announcement convinced him to kickstart his business there, where he plans to bring in 'big names' from the media industry to work on future cross-border projects such as films and television commercials. But the biggest hurdle to a successful launch is the commute between Johor and Singapore, including the movement of equipment between the two states, he said. 'If you want to bring international talents in, the moving of people and equipment between the two borders becomes a major hindrance,' he said. 'If these 'big names' get stuck in traffic for four, five hours, they would say: 'Don't waste my time' and never come back again.' While the Rapid Transit System (RTS) Link project linking Singapore's Woodlands North station to Johor's Bukit Chagar station is expected to begin service by the end of 2026 and ease congestion at the Causeway, Mr Tan said he was not sure if it would completely alleviate these concerns, as many foreign talent would still prefer to travel in the comfort of a private vehicle. Another primary concern for businesses seeking to expand their operations in the JS-SEZ is the availability of skilled workers. SMF's president Lennon Tan said that while it will not be an issue to find non-skilled workers in Johor, skilled ones are very often already working in Singapore. Due to skilled workers being in short supply in Johor, there is a consensus that firms would have to pay 'at least two-thirds' of Singapore's rates to employ them, he said. Because of this, in addition to the fact that smaller companies with fewer resources would not be able to qualify for MIDA's tax incentives, Mr Tan said SMEs should not fall into the mistaken belief that they would pay merely 'one-third price' if they set up shop in the JS-SEZ, referring to the fact that the Malaysian ringgit is roughly a third of the value of the Singapore dollar. Over in Malaysia, Mr Soh Thian Lai, the president of the Federation of Malaysian Manufacturers (FMM), told CNA TODAY that its members' primary concern revolves around 'skills mismatch and talent leakage'. He explained that the JS-SEZ's emphasis on high-impact sectors presents 'a challenge in terms of domestic talent readiness' in Malaysia. This emphasis refers to the zone's strategic focus on attracting innovation-driven sectors like artificial intelligence and advanced engineering – areas that have been highlighted by both governments as part of their push for high-value economic activities. 'There is a limited pipeline of skilled professionals in these fields and continued outflow of talent from Johor to Singapore due to wage imbalances,' said Mr Soh. 'Without proactive upskilling and retention mechanisms, the JS-SEZ may struggle to scale up or localise operations anchored in Johor.' Mr Soh also took issue with what he termed a 'significant gap' in the zone's engagement with SMEs, which he feels form the 'backbone of the nation's industrial base'. The current framework of the JS-SEZ, he noted, appears to prioritise large-scale foreign investment, with limited dedicated mechanisms or incentives targeted at the participation and growth of Malaysian SMEs. 'This oversight risks marginalising a crucial segment of the Malaysian economy, potentially hindering opportunities for technology transfer, skills upgrading within local firms, and the establishment of robust domestic supply linkages,' said Mr Soh. WHY OPTIMISM STILL RUNS HIGH Despite these teething pains, many believe the JS-SEZ has a fighting chance, in part due to lessons learnt from past attempts at cross-border collaborations. In 2006, Malaysia launched Iskandar Malaysia, formerly known as the Southern Johor Economic Region, where large areas of Johor were made available for the development of key sectors such as logistics, tourism and finance. And long before that, the Singapore-Johor-Riau Islands (Sijori) Growth Triangle was launched in 1990 together with Indonesia to capitalise on the three areas' comparative advantages. Dr Francis Hutchinson, a senior fellow at the ISEAS-Yusof Ishak Institute, noted in a commentary piece for ISEAS' publication Fulcrum that Sijori's legacy lives on – stemming from the moment when international firms began to see the benefits of pairing operations in Singapore with factories in Johor and Batam three decades ago. But changing international economic conditions and domestic political priorities meant that both those initiatives failed to sustain their momentum. This time round, however, the international geopolitical landscape, which has become more volatile than ever since US President Donald Trump's return to the White House, may serve as a driver of the JS-SEZ's success, rather than a hindrance. Mr Chua Hak Bin, an economist at Maybank, said that the JS-SEZ could act as a 'strategic hedge' against targeted tariffs introduced by Mr Trump. It could also leverage on the 'China plus one' shifts in the supply chain, he added, referring to the business strategy where companies diversify their manufacturing beyond China to reduce risk and dependence on a single market, often driven by factors such as geopolitical tensions and trade wars. Indeed, Mr Sia, the managing director of ATC, said it is for this reason that manufacturers like him have benefitted from the Trump administration's antagonistic relationship with China. 'Before Trump took office in 2016, many of our potential customers would not entertain any quotations from us because Singapore's prices would not be competitive. Prices in China are a lot lower than what we are able to offer,' he said. 'Now, after Trump was reelected in 2024, supply chains are expediting their restructuring activites, so people are looking to move away from China completely. This is an opportunity for us, and that's why we're looking to expand our manufacturing plant in Malaysia.' Mr Chua added that the JS-SEZ stands apart from past initiatives like Iskandar Malaysia by being a 'truly bilateral effort' – a view echoed by trade associations from both countries. Mr Tan of the SMF believes that both governments are 'putting in a lot more resources and conviction' this time, while the FMM's Mr Soh said that the groundwork laid by both countries 'reflects strong political will and sets a positive trajectory' for the JS-SEZ's long-term success. Furthermore, the economic zone builds on an already strong foundation of economic ties between Johor and Singapore, particularly in sectors such as electronics, logistics and precision engineering, Mr Soh said. This optimism extends to those in the services and consumer sectors as well. Malaysian F&B entrepreneur Ewearn Tan took the plunge by renting two stalls at a food court in R&F Mall, just several minutes from the border, in February as she noticed gradually increasing footfall there. Local retail outfit Perky Lash also expanded its operations overseas for the first time to the JB City Centre in March 2024. Like Ms Tan, its founder Jasmin Tay said she is hopeful that overall spending in the area will increase as investments pour into Johor. Then there is the royalty factor as well. Businesses noted that it is advantageous that Johor ruler Sultan Ibrahim Sultan Iskandar, who is also the King of Malaysia, is supportive of the JS-SEZ too. CRUCIAL NEXT STEPS NEEDED However, for all the optimism and interest that the JS-SEZ have garnered, businesses said the zone must do more to address on-the-ground needs, especially if it is to succeed beyond the initial buzz. At the top of his wishlist is an express lane for business stakeholders and staff in the JS-SEZ, said managing director of Alpine Renewables Steven Chiang, as it would go a long way in avoiding lengthy delays at immigration checkpoints. An executive from Singapore-based nuts and bolts manufacturer Chin Yuan Metal, which has operations in Johor, agreed, adding that execution must match intent for the JS-SEZ. 'There is a need to further expedite customs clearance for both goods and people,' said operations director Nathaniel Lin. 'Critical for our competitiveness is obtaining timely approvals for import tariff exemptions.' Beyond mobility, the issue of incentives looms large too. Mr Peh of GoRental noted that while EnterpriseSG has a Market Readiness Assistance grant to help companies expand into new markets overseas capped at S$100,000, he wishes to see more incentives for Singaporean businesses to move to the JS-SEZ soon. Other businesses cited structural challenges such as local labour quotas. Mr Sky Chong, the managing director of precision machining firm New Way Synergies, pointed out the difficulty of adhering to the local-to-foreigner hiring ratios in Singapore and Malaysia. Special passes or hiring flexibilities, he argued, would help fast-growing cross-border firms scale more sustainably. Manufacturing players also flagged infrastructure and policy risks. Mr Sia of ATC said that he has experienced electricity and water outages at least once or twice a year in his manufacturing plant in Penang – a situation he hopes will not be repeated in Johor. On that front, he believes that steps to prevent such outages, which can be costly for businesses like his, will be taken. Mr Lin of Chin Yuan Metal also called for more clarity in Malaysia's local licensing and legal requirements, noting that 'greater streamlining and simplification … would significantly benefit manufacturers like ourselves'. Current tax incentives by MIDA could also be refined to incorporate a graduated income tax benefit system, Mr Chiang of Alpine Renewables suggested. While investments above RM500 million currently qualify for a 5 per cent tax rate, he proposed extending a 10 per cent rate to investments between RM200 million and RM500 million. Preferential personal income tax rates for expatriate employees for businesses based in the JS-SEZ could also help attract top-tier talent, Mr Chiang added. Finally, Mr Yap Wee Kee, a partner at professional services firm KPMG, noted that a recurring concern for Singapore-based businesses lies in the clarity and consistency of the onboarding and implementation process to the JS-SEZ. To alleviate this, Mr Yap suggested the development of an online 'step-by-step onboarding guide' that clearly outlines key application procedures, critical milestones and expected outcomes. 'This will enable firms to plan their market entry and expansion strategies with greater confidence,' he said. Amid these calls for improvement, most businesses said they are still 'cautiously optimistic'. Ultimately, the success of the JS-SEZ will be measured by the scale of foreign direct investment, growth in Johor's gross domestic product, job creation, population increase and wage gains compared to the rest of Malaysia, said Dr Chua the economist.
Yahoo
4 days ago
- Business
- Yahoo
Officials provide updates on Sacramento's tourism industry
( — Visit Sacramento hosted its annual State of Tourism event this morning. Tourism officials shared the latest updates on our region's travel and hospitality industry and unveiled an exciting new food event launching this year. Visit Sacramento staff, congress members, airport officials from SMF, and city and county leaders gathered today to share the updates inside the Safe Credit Union Convention Center. 'Now is the moment. We can feel it. Things are happening, and we're going to take this moment and run away with it,' said Congresswoman Doris Matsui. Sacramento's tourism industry made a strong comeback after the COVID-19 pandemic. It's now generating $4 billion annually. Sac State PD looking for arson suspect who fled on foot 'We attract more than 15 million visitors a year. They spend millions of dollars into our economy, and it creates tens of thousands of jobs in Sacramento,' said Mike Testa, Visit Sacramento's President and CEO. In 2024, local businesses brought in $148 million from visitor spending, while other tourism markets across California slumped. Testa says the Sacramento region's wide variety of events and attractions is keeping tourism strong. 'When one industry may be down, like conventions, sports picks it up, or music festivals pick it up.' The local industry continues to grow, even after two significant events, X-Games and Golden Sky, were paused this year. Although Testa says both are expected to return, 'Certainly losing Golden Sky this year isn't a great thing.' Fairfield man indicted for failing to pay over $2 million in employment taxes 'The good news is it's a pause. We expect it to be back in 2026,' said Testa. 'X Games is an event that we had hosted before. While we hate that it's postponed a year, it's still coming back.' Filling the gap left by those events, Visit Sacramento announced a brand new addition: Terra Madre Americas. 'It's the largest food conference in Europe,' Testa explained. 'It attracts 300,000 people from 120 different countries in Torino, Italy. We are bringing that event to Sacramento.' Ed Roehr, Co-Director of Slow Food Sacramento, helped bring the event here. He says Terra Madre will showcase our region's food scene to the world. 'Bringing out producers, makers, and farmers from around the states and America here. Offering interesting perspectives on food and food values. I think it's going to be fantastic,' Roehr said. With other West Coast tourism cities struggling, Sacramento is moving forward thanks to new events and plenty of unique experiences. 'I think Sacramento is in a really good place,' Testa said. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Straits Times
5 days ago
- Business
- Straits Times
New guide launched to help S'pore manufacturers decarbonise
Step-by-step guidance and real-world use cases are included in the guide. PHOTO: SINGAPORE MANUFACTURING FEDERATION SINGAPORE - Local manufacturers, which accounted for nearly half of Singapore's primary greenhouse gas emissions in 2022 , will get extra new help in their decarbonising efforts with the launch of a new guide. Step-by-step guidance and real-world use cases are included to help over 5,000 Singapore manufacturers on their path to net-zero emissions. Decarbonisation Playbook: A Practical Guide For Manufacturers To A Low-Carbon Future was launched on May 28 by DBS Bank, the Singapore Manufacturing Federation (SMF), consultancy EY Singapore, and Nanyang Polytechnic (NYP). Many companies in the manufacturing sector, a major economic driver for the country, face challenges in adopting sustainability solutions, the four organisations said in a release. In a survey of over 70 manufacturers across seven sub-sectors, 80 per cent of them said they were still in the early stages of their sustainability journey. The survey, conducted in 2025 by DBS, EY and SMF, also found that the top reason local manufacturers want to decarbonise is to comply with regulations. But SMF chief executive Dennis Mark said in his speech at the launch event that sustainability is also about growth. 'It is now a defining pillar of industrial resilience, innovation, and future growth. Today, the expectations on manufacturers are rising – from customers, from regulators, and increasingly, from global supply chains,' Mr Mark said. To reduce the complexity of decarbonisation for manufacturers, the playbook provides a framework that offers a step-by-step model for companies. Under the framework, companies are given help in identifying their emissions sources, then evaluating opportunities, creating business cases, putting in place solutions, and developing long-term decarbonisation roadmaps. It also provides case studies from different manufacturers in Singapore to show how firms can decarbonise, such as the example of Quantum Leap. The small to medium-sized smart home device manufacturer in Singapore has identified its emission sources as energy-heavy production processes, packaging materials and overseas shipping. It then plans to transition to renewable energy, reduce packaging waste and explore product refurbishment and recycling to further reduce its emissions. DBS head of corporate and SME banking Chen Ze Ling said: 'We recognise that sustainability is essential, and in today's uncertain business climate, building financial resilience is equally critical. 'Striking the right balance between the two empowers businesses to reduce their carbon footprint while effectively navigating ongoing challenges.' He added: 'Meaningful decarbonisation starts with practical, real-world support – shaped by close industry engagement and delivered in partnership across the manufacturing value chain. That is the spirit behind this playbook.' SMF chief sustainability officer Clara Kwan said the book can be a practical and inclusive guide for its members. 'It addresses the very real challenges our manufacturers face – from limited resources to regulatory pressure – and equips them with tools to move from sustainability ambition to implementation,' she said. SMF also has other initiatives to help its members go green, such as a programme where it offers the services of a chief sustainability officer to manufacturers. This programme provides companies with tailored guidance and hands-on expertise in their push to decarbonise. Mr Praveen Tekchandani, EY Singapore leader and partner for climate change and sustainability services, noted that the book also combines perspectives of manufacturers with the insights of other ecosystem players who are already familiar with decarbonisation. 'It breaks down complex requirements and policies like Singapore's carbon tax and sustainability reporting standards,' he said, adding that it also provides science-based strategies and solutions that are readily applicable. NYP will also be integrating the playbook into its pre-employment training and the curriculum for its continuing education and training. This is estimated to benefit 1,000 pre-employment training for students across 10 diploma courses and 220 continuing education and training adult learners in a year. It will also help 438 companies that are part of NYP's alliance for sustainability innovation. Dr Graham Ng, NYP director of the school of engineering, said that integrating the book in the school's programmes creates a ripple effect that gives learners the ability to identify and tackle sustainability challenges in their business operations. Sue-Ann Tan is a business correspondent at The Straits Times covering capital markets and sustainable finance. Join ST's Telegram channel and get the latest breaking news delivered to you.
Business Times
5 days ago
- Business
- Business Times
New decarbonisation playbook to help Singapore's manufacturers cut emissions
[SINGAPORE] Manufacturers can get guidance on how to cut their carbon emissions from a new 62-page playbook launched on Wednesday (May 28), which is freely available on DBS' website. The playbook was jointly developed by DBS, the Singapore Manufacturing Federation (SMF), Ernst & Young (EY) and Nanyang Polytechnic (NYP). It is also supported by Enterprise Singapore and SkillsFuture Singapore. In a joint statement, the creators said that the playbook aims to support Singapore's 5,000-odd manufacturers, as well as participants in NYP's programmes. Titled Decarbonisation Playbook: A Practical Guide for Manufacturers to a Low-Carbon Future, the playbook will be integrated into the curriculum of NYP's courses. Each year, it is expected to reach about 1,000 students across 10 diploma courses, as well as 220 adult learners pursuing part-time specialist and advanced diplomas or participating in work-study programmes. The playbook will be also shared with the 438 member companies of NYP's Alliance for Sustainability Innovation, through workshops and as a resource. A NEWSLETTER FOR YOU Friday, 8.30 am SGSME Get updates on Singapore's SME community, along with profiles, news and tips. Sign Up Sign Up 'The playbook enables industry partners to develop greater awareness about incorporating sustainability practices in their workplace,' said Graham Ng, director of NYP's School of Engineering. At the launch, SMF chief executive officer Dennis Mark noted that sustainability is not a 'secondary agenda' for companies, but 'a defining pillar of industrial resilience, innovation, and future growth'. Manufacturers face rising expectations from customers, regulators and supply chains, he said. 'And yet, many SMEs tell us: 'We want to act, but we need help on how to get started'.' This is where the new playbook comes in. Developed with insights from more than 70 manufacturers across seven sub-sectors, it aims to help small and medium-sized enterprises (SMEs) and larger companies. The playbook gives manufacturers the tools to move from 'sustainability ambition to implementation', said SMF chief sustainability officer Clara Kwan. Step by step The playbook sets out a six-step framework for decarbonisation: discovering emissions sources; evaluating opportunities; creating business cases; implementing solutions; refining skills; and building a long-term roadmap. It breaks down complex policies such as Singapore's carbon tax and sustainability reporting standards, noted Praveen Tekchandani, Singapore leader and partner for climate change and sustainability services at EY. In NYP's curriculum, real-world applications of this framework will be shown in case studies. Students will also go on company visits and hear from industry players who have successfully cut emissions. To help manufacturers apply the content, the four organisations will co-host a series of half-day industry workshops. These will provide practical walkthroughs of the playbook's content and tools, giving participants knowledge that they can immediately apply. The playbook is part of a collaboration by DBS and SMF to help SMEs go green, under a Memorandum of Understanding signed in February. Said DBS group head of corporate and SME banking Chen Ze Ling: 'Meaningful decarbonisation starts with practical, real-world support – shaped by close industry engagement and delivered in partnership across the manufacturing value chain. That is the spirit behind this playbook.'
Business Journals
22-05-2025
- Business
- Business Journals
5 things: The Grazing Goose opens in Rocklin Crossings
Welcome to Thursday, loyal readers. I'm looking forward to seeing you at our Inclusivity in Business Awards this afternoon. Here's what you need to know in the meantime. Want more local business headlines? Sign up for our morning and afternoon newsletters to get Sacramento business news delivered straight to your inbox. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events The Grazing Goose opens in Rocklin Last year, my colleague Jake Abbott told you that The Grazing Goose, a local catering and charcuterie board business, was joining the Rocklin Crossings retail center. Update:The business opened Wednesday at 5410 Crossings Drive, Suite 102, according to a social media announcement. The new location is called The Grazing Goose Bakery + Cafe. In addition to charcuterie boards, it offers items such as sandwiches, salads and coffee. Ava Kivley owns the business. In Rocklin, The Grazing Goose fills a spot previously occupied by Jon and Bon's Yogurt Shoppe. New plans for Sac Republic FC stadium released Sacramento Republic FC has filed new plans for a stadium in Sacramento's Railyards development, with some notable differences from previous iterations. The stadium would have a capacity of 12,000 with the ability to expand to up to 20,000 in a second phase, according to the application. The last stadium concept, intended for the soccer club's move to Major League Soccer, would've had a maximum capacity of 25,000, but never began construction after an investor pulled out of joining team ownership. Senior Reporter Ben van der Meer has details about new plans for a Sac Republic FC stadium in the Railyards. UPS to cut shifts, hundreds of jobs in West Sac United Parcel Service Inc. plans to end two of three shifts at its longtime warehouse in West Sacramento, with a permanent layoff of up to 355 employees, according to a filing with state employment officials. Atlanta-based UPS filed a Worker Adjustment and Retraining Notification of a pending permanent layoff at the UPS center at 1380 Shore St. in West Sacramento. Reporter Mark Anderson explains what you need to know about UPS' planned West Sacramento cuts. Major construction project at SMF nears halfway mark Sacramento International Airport's $390 million Terminal B parking garage is in the early vertical construction phase and remains on track for completion in fall 2026, according to airport officials. "We're in the early phases, probably the first 30% of construction,' said Sheri Thompson-Duarte, deputy director of airport operations for SMF, in an interview. 'But it's very visible now. We're going vertical, and passengers can see that work is clearly underway." Reporter Chris Campbell has the latest on the new Terminal B parking garage at SMF. Murphy Austin picks up practice group from Downey Brand Sacramento-based commercial law firm Murphy Austin Adams Schoenfeld LLP has added a new specialty to its offerings following the addition of a family law group previously with Downey Brand LLP. Murphy Austin, which was founded in 1999, specializes in practice areas focused around corporate, tax, and real estate transactions, construction, business and commercial litigation, labor and employment, health care, nonprofits and estate planning. Its new family law practice team, which joined the firm this week from Downey Brand's Sacramento office, consists of attorneys Mary J. Martinelli, Kelly L. Pope, Trina L. Spivack, Michelle R. Albright, Crystal R. Vizina, Vanessa Villarruel and Jensen Blaine, as well as paralegal Casie Campbell. Reporter Jake Abbott has details about Murphy Austin's new family law group. Have a great day, folks. Thanks for reading.
