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Malaysia PM Anwar says Johor’s Forest City to be special zone, allow fast entry for workers in S’pore https://t.co/9nLDUF4B4d
— ST Foreign Desk (@STForeignDesk) August 25, 2023
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1. The government will create a special financial zone in Forest City in Johor, says PM Anwar Ibrahim.
— BFM News (@NewsBFM) August 26, 2023
Several incentives will be introduced, including multiple-entry visas, fast track entry for those employed in Singapore and a 15% special income tax rate for skilled workers. https://t.co/Q7ltXP3jBR pic.twitter.com/8bvCtZTxs6
3. Anwar says Johor’s strategic location next to Singapore, coupled with a complete basic infrastructure, can attract more investors, given the high costs in Singapore.
— BFM News (@NewsBFM) August 26, 2023
He adds that instead of competing with each other, Malaysia and the city-state could complement each other.
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weehingthong 