News about AP

The real estate investment trust (REIT) announced a distribution of 1.

“We have been actively managing our balance sheet to create room for acquisitions and if we have a choice, we would be keen to deploy some of our capital again in the industrial and logistics area,” said Tan Choon Siang, the chief executive officer of the trust's manager, CapitaLand Malaysia REIT Management Sdn Bhd.

ANZ cited the one-stop investment centre in Johor, which aims to establish 50 high-value projects and create 20,000 skilled jobs in the JS-SEZ within five years of inception.

Knight Frank executive director Amy Wong Siew Fong: "SME (small and medium enterprise) players and multinational corporations in Singapore are still awaiting clear incentives before making any commitments.

IIB president and chief executive officer Datuk Idzham Mohd Hashim said strategic investments, infrastructure enhancement, and sustainability are at the core of this initiative.

To support the JS-SEZ, the government has announced incentives, including a special corporate tax rate, to lure investors to set up shop in the zone that stretches from Kulai and part of Pontian to Pengerang.

Companies making new investments in qualifying manufacturing and services — such as in artificial intelligence and quantum computing supply chain, medical devices, aerospace manufacturing and global services hub — will enjoy a special tax rate of 5% for up to 15 years.

Both nations emphasised their commitment to fostering a stronger bilateral partnership based on mutual respect and a constructive approach to resolving issues, ensuring win-win outcomes without overshadowing the broader relationship.

The economists' comments followed the signing of the long-awaited JS-SEZ agreement on Tuesday between Prime Minister Datuk Seri Anwar Ibrahim and Singapore Prime Minister Lawrence Wong.

"The JS-SEZ has the potential to attract significant international capital through the various initiatives that have been announced.