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Malaysia and Singapore to establish a special economic zone to boost investment

share-iconTuesday, January 07 comment-icon2 weeks ago 11 views
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apnewsAPNEWS
Malaysia and Singapore to establish a special economic zone to boost investment

Credited from: APNEWS

  • Malaysia and Singapore have officially signed an agreement to create a special economic zone aimed at boosting global investment.
  • The initiative, named the Johor-Singapore special economic zone, focuses on facilitating the cross-border flow of goods and people.
  • Malaysian Prime Minister Anwar Ibrahim emphasized the collaborative spirit between the two nations, calling it a “unique initiative.”
  • The zone is expected to attract 50 projects in five years, generating 20,000 skilled jobs in various sectors, including manufacturing and healthcare.
  • Singapore’s Prime Minister Lawrence Wong noted the initiative strengthens ASEAN ties and enhances the region's competitiveness.

For more information, visit the original article at AP News.

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Malaysia Singapore Special economic zone Investment Johor Economic cooperation Asean
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Gloria Terra

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