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Johor-Singapore SEZ: A Potential Catalyst for Economic Growth in Southeast Asia

share-iconSaturday, January 11 comment-icon1 week ago 7 views
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Johor-Singapore SEZ: A Potential Catalyst for Economic Growth in Southeast Asia

Credited from: SCMP

  • Malaysia and Singapore signed a deal to establish the Johor-Singapore Special Economic Zone (JS-SEZ), covering over 3,500 sq km.
  • The JS-SEZ aims to be a flag-bearer for Southeast Asia’s economic growth, emphasizing sectors beyond manufacturing to include logistics, tourism, and the digital economy.
  • Both governments have set a target of 100 projects within the first decade and the creation of 20,000 skilled jobs in the region.
  • To attract investments, Malaysia has introduced a 5% corporate tax rate for up to 15 years and a reduced income tax rate for specialized workers.
  • Challenges remain, particularly in infrastructure and bureaucratic processes, which could affect the success of the JS-SEZ and the influx of commuters.

For the full article, visit South China Morning Post.

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Johor Singapore Special economic zone Southeast asia Economic development Manufacturing Logistics Tourism Investment
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