Johor Indian Chamber of Commerce and Industry

𝐑𝐌𝟗𝟖.𝟗 𝐁𝐈𝐋𝐋𝐈𝐎𝐍 𝐈𝐍 𝐍𝐄𝐖 𝐈𝐍𝐕𝐄𝐒𝐓𝐌𝐄𝐍𝐓𝐒 𝐑𝐄𝐈𝐍𝐅𝐎𝐑𝐂𝐄𝐒 𝐉𝐎𝐇𝐎𝐑 𝐏𝐎𝐒𝐈𝐓𝐈𝐎𝐍 𝐀𝐒 𝐀 𝐑𝐄𝐆𝐈𝐎𝐍𝐀𝐋 𝐇𝐔𝐁

Johor is solidifying its role as a regional economic driver with nearly RM99 billion in ongoing and planned investments under the Johor-Singapore Special Economic Zone (JS-SEZ).

In a bold move to future-proof the regional economy, the state unveiled several strategic proposals at the inaugural JS-SEZ Business and Investment Forum.

Menteri Besar Johor, YAB Dato Onn Hafiz Ghazi announced that RM48.5 billion in investments have been approved in 2024, with an additional RM27.4 billion recorded in the first quarter of 2025 reflecting strong investor confidence.

“We are serious, agile, and ready,” he told the 1,000-strong audience, which included Singapore’s Deputy Prime Minister, Gan Kim Yong.

Among the key announcements were two game-changing initiatives: the Johor Regulatory Sandbox and the ASEAN Industrial Park.

The Regulatory Sandbox will serve as a testing ground for fintech, smart logistics, green tech, and autonomous innovations, under a more flexible regulatory framework.

Meanwhile, the ASEAN Industrial Park will target strategic investments from RCEP member countries, focusing on advanced manufacturing, the digital economy, and green technology.

Incentives will include tax relief, talent mobility, and temporary easing of overseas fund transfer regulations.

“These aren't just ambitious ideas; they are grounded, strategic moves to position JS-SEZ as the region’s most competitive and attractive investment destination,” YAB Dato Onn Hafiz stressed.

To support this investment momentum, Johor also launched the Malaysia Investment Facilitation Centre – Johor (IMFC-J) and the Johor Super Lane (JSL). These reforms have already halved investment processing times from 24 months to just 12.

Companies such as Princeton Digital Group, Wiwynn Technology, Olam/Markono, and Mayora are among the 42 high-impact projects currently benefiting from fast-tracked facilitation.

YAB Dato Onn Hafiz also lauded Singapore’s consistent commitment to the JS-SEZ, quoting Prime Minister Lawrence Wong’s vision of Johor and Singapore not as separate hubs, but as a “complementary ecosystem.”

In a lighter moment, he jokingly suggested Singapore poach Malaysia’s Investment Minister Tengku Zafrul, calling him “capable, handsome, hardworking, and smart.”

Yet, shifting to a more serious tone, he warned against political instability, citing Malaysia’s own challenges between 2018 and 2022. He emphasized the need for consistent policies on both sides of the Causeway.

Addressing regional tensions and tariff issues, he argued that such challenges should be seen as catalysts, not roadblocks.

“Let us move forward with one vision, two nations, and shared prosperity,” he concluded.

Johor is taking bold and practical steps to become a leading regional hub, attracting billions in investment and fostering closer ties with Singapore through innovation, policy reform, and strategic collaboration.

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📅 Tarikh tutup: 13 Februari 2025

PMO Malaysia
Jabatan Perdana Menteri
P.Prabakaran
Malaysia MADANI

𝐉𝐎𝐇𝐎𝐑-𝐒𝐈𝐍𝐆𝐀𝐏𝐎𝐑𝐄 𝐒𝐄𝐙: ‘𝐁𝐔𝐈𝐋𝐃-𝐀𝐒-𝐓𝐇𝐄𝐘-𝐈𝐍𝐕𝐄𝐒𝐓’ 𝐌𝐎𝐃𝐄𝐋 𝐏𝐑𝐔𝐃𝐄𝐍𝐓

Malaysia’s Economy Minister, Rafizi Ramli, has outlined a new approach for developing infrastructure within the Johor-Singapore Special Economic Zone (JS-SEZ), adopting a “project-by-project” model.

Under this arrangement, Malaysia will fund infrastructure development, while Singapore will focus on financing investment facilitation.

This approach, considered a pragmatic move in light of Malaysia's fiscal constraints, aims to avoid the pitfalls of large-scale speculative projects like Iskandar Malaysia, which experienced uneven progress and limited investor interest due to overbuilding in some areas and underdevelopment in others.

Analysts view this split financing model as “fair” since it leverages the strengths of both countries—Malaysia’s expertise in large-scale infrastructure and Singapore’s prowess in attracting high-value investments.

Despite these concerns, economist Anthony Dass defended the “project-by-project” model, citing its flexibility and reduced financial risk. He explained that this approach minimizes oversupply and wasteful spending on underutilized assets, aligning infrastructure development with actual market demand. However, he acknowledged that the model’s success would depend on investor confidence and timely ex*****on.

Rafizi also clarified that the JS-SEZ’s funding split allows for risk-sharing between the two countries, which reduces financial pressure. This collaborative approach aims to ensure that each nation can maximize its comparative advantage-Malaysia in infrastructure development and job creation, and Singapore in attracting multinational companies and high-value investments.

While some economists, including Lee Heng Guie from the Socio-Economic Research Centre, have agreed that the funding model is fair, they suggest exploring private sector participation to help finance infrastructure.

This could potentially reduce the financial burden on governments and accelerate the development process, drawing inspiration from similar economic zones in China where private companies and state-owned banks have played key roles.

The agreement for the JS-SEZ, which covers 3,571 square kilometers and features nine flagship areas targeting various economic sectors, was signed during the Malaysia-Singapore Leaders' Retreat in January 2025.

Malaysia’s former deputy trade and industry minister, Ong Kian Ming, noted that while the deal provides a solid foundation, further initiatives—such as special incentives for tech companies and knowledge workers—could further bolster the JS-SEZ's potential and attract more global investments.

In summary, while the project-by-project model is a step towards more flexible, demand-driven development, its success will depend on timely infrastructure completion, clear communication of development timelines, and ensuring that both countries' investments yield balanced and sustainable economic returns.

𝐌𝐀𝐋𝐀𝐘𝐒𝐈𝐀, 𝐒𝐈𝐍𝐆𝐀𝐏𝐎𝐑𝐄 𝐀𝐍𝐍𝐎𝐔𝐍𝐂𝐄 𝐉𝐎𝐇𝐎𝐑 𝐒𝐏𝐄𝐂𝐈𝐀𝐋 𝐄𝐂𝐎𝐍𝐎𝐌𝐈𝐂 𝐙𝐎𝐍𝐄 𝐃𝐄𝐀𝐋

Malaysia and Singapore have officially announced the launch of a special economic zone (SEZ) in Johor, aimed at attracting high-value investments across industries such as manufacturing, logistics, tourism, and energy transition.

The agreement, signed on Tuesday during a visit by Singapore’s Prime Minister Lawrence Wong, builds on a prior agreement made a year ago to jointly develop the zone.

Both leaders emphasized the project’s potential to enhance competitiveness and attract more investments to both countries. Prime Minister Lawrence Wong noted that the initiative would help businesses grow together in the long term, with both sides engaging stakeholders to ensure its success.

Economy Minister Rafizi Ramli highlighted that the goal is to attract 50 projects within the first five years, creating 20,000 skilled jobs.

Malaysia will establish an infrastructure fund to support companies setting up in the SEZ, while Singapore will create a fund to assist its companies operating in Johor.

The new Johor-Singapore special economic zone is set to drive significant development and economic growth for Johor.

By attracting high-value investments and creating thousands of skilled jobs, the initiative will strengthen the region’s business landscape, boost key industries, and foster long-term prosperity for both Malaysia and Singapore.

Pemakluman Isu Trafik Perlahan pada Sistem Permohonan Geran Kewangan MITRA (SPGKM)

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