News about Singapore

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Pintaras Jaya said some of the projects have already commenced work or will commence in March 2024 with contract periods ranging from three to 15 months.

The consortium led by BRail submitted the request for information (RFI) concept proposal for the project shortly before the submission deadline, according to sources.

“If the response is positive, we will move on to the second phase with the Request for Proposal (RFP) stage to obtain detailed proposals from the selected consortia.

“The regulations for doing business in the Special Economic Zone must be streamlined, as in how to shorten the registration process and how to get the licences.

In a report on Friday, Japanese agency Kyodo News, citing sources, said the companies, including East Japan Railway Co, had hoped to utilise Japan's Shinkansen bullet train system in the project but they have decided it will be too risky without the Malaysian government's financial support.

Malaysia and Singapore will also work on several initiatives that will build towards the JS-SEZ, including a one-stop business/investment service centre in Johor to facilitate the application processes for Singapore businesses to set up in Johor, adoption and implementation of a passport-free QR code clearance system on both sides, and the adoption of digitised processes for cargo clearance at the land checkpoints.

Regarding the Johor Bahru-Singapore Rapid Transit System (RTS) Link project, Loke announced that infrastructure work in Malaysia had reached 65% as of the end of December last year, while system work was 33.

Property cycles, once a vague but nevertheless useful guide to the timing of new property launches, no longer exist.

Industry magazine Inside Asian Gaming (IAG) said the company would look to form a joint venture for a Thai IR licence, based on its previous exploits in Korea and Japan.