News about Singapore

Some prospective investors have made multiple visits and are exploring setting up integrated operations through the recently established Iskandar Malaysia Facilitation Centre, according to the Iskandar Regional Development Authority (IRDA).

Constructed and designed by Singaporean developer Meir Homes, the now-completed 2-storey GCB has an approximate floor area of 29,665 sq ft, with a 25m swimming pool and an 18-seat theatre, amongst other features.

The RTS Link rail system connecting Malaysia and Singapore has reached 50% progress.

The MOT said MyHSR Corporation Sdn Bhd had evaluated seven concept proposals received from local and international firms and consortia through the request for information process.

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.