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SINGAPORE: A Malaysian Member of Parliament mentioned on Sunday (Nov 19) that the centre for the joint particular financial zone between Singapore and the state of Johor (JS-SEZ) needs to be situated in Pasir Gudang.
Mr Jimmy Puah Wee Tse, the MP for Tebrau, is quoted in The Star as saying that the event plan for the JS-SEZ shouldn’t be targeted on a sure growth space and needs to be proportionate. The principle industries in Pasir Gudang, a metropolis in Johor Bahru, are oil palm storage and distribution, transportation and logistics, shipbuilding, petrochemicals and different heavy industries.
The signing of the memorandum of understanding (MOU) for the JS-SEZ has been eyed for the start of subsequent 12 months, on Jan 11, 2024. The JS-SEZ is beneath the purview of the Joint Ministerial Committee for Iskandar Malaysia (JMCIM), which has Industrial Cooperation, Immigration, Transportation Hyperlinks, Innovation, Tourism, and Surroundings Work Teams.
A progress replace was offered by the duty pressure on the tenth Singapore-Malaysia Leaders’ Retreat, which was held in Singapore on Oct 30.
“The JS-SEZ will faucet into the complementary strengths of each international locations to foster financial connectivity by enhancing cross-border flows of products, investments, and folks,” mentioned Prime Ministers Lee Hsien Loong and Dato Seri Anwar Ibrahim in a assertion issued after the retreat.
The Tebrau MP famous on Sunday (Nov 19), after officiating on the Mah Sing Group Berhad (Mah Sing) M Minori Gross sales Gallery ceremony in Wisma Mah Sing, Taman Austin Perdana, that the Malaysian authorities had already arrange Forest Metropolis, situated on the western facet of Iskandar Malaysia, as a particular monetary zone.
Learn additionally: PM Lee: Johor-Singapore Particular Financial Zone is “substantial and promising undertaking”
“So I hope that the federal government may evaluate my suggestion of putting this new SEZ in Pasir Gudang. It already has the facilities and industries like in Tanjung Langsat, and we’re additionally nearer to the oil and gasoline trade in Pengerang,” he added.
Pasir Gudang’s important industries are situated at Johor Port and Tanjung Langsat. Mr Puah added that the main focus had been discovering methods to ease enterprise and chopping ted tape.
“We’ve many issues coming to Johor subsequent 12 months, beginning with the SEZ, adopted by the Gemas-Johor Baru Electrified Double Observe in 2025 and the Johor Baru-Singapore Speedy Transit System (RTS) in 2026. We even have the Iskandar Speedy Transit undertaking and the improve of the North-South Expressway from Yong Peng to Senai from the present 4 lanes to 6 lanes,” the MP is quoted as saying in The Star.
PM Lee has referred to as the JS-SEZ a “substantial and promising undertaking” and added that particular tax preparations and different initiatives could be a part of the settlement to enhance the movement of products between the 2 nations. He additionally hoped for simpler and higher preparations for staff to cross borders. /TISG
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