{"id":58580,"date":"2023-09-15T17:10:13","date_gmt":"2023-09-15T09:10:13","guid":{"rendered":"http:\/\/wordpress-my-161844363.ap-southeast-1.elb.amazonaws.com\/articles\/?p=58580"},"modified":"2023-09-15T17:10:13","modified_gmt":"2023-09-15T09:10:13","slug":"sez-terms-finalised","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/sez-terms-finalised","title":{"rendered":"Scope Of Johor-Singapore Special Economic Zone To Be Finalised"},"content":{"rendered":"

After much discussion and deliberation from both sides, the Menteri Besar of Johor, Datuk Onn Hafiz Ghazi has confirmed that the Terms of Reference (TOR) of the Johor-Singapore Special Economic Zone (SEZ) will be finalised next month.<\/span><\/p>\n

He said this in a reply to Andrew Chen Kah Eng, the assemblyman for Stulang at the one-day Johor assembly meeting on Thursday.<\/span><\/p>\n

\u201cPrime Minister Dato Seri Anwar Ibrahim and his Singapore counterpart Lee Hsien Loong will be attending the retreat in Singapore.<\/span><\/p>\n

\u201cMatters on the SEZ will be discussed further during the leaders’ retreat and will then be followed up with the TOR,\u201d said Datuk Onn Hafiz.<\/span><\/p>\n

In the assembly, Datuk Onn Hafiz also added that the matter was first discussed between the two countries at the 16th meeting of the Malaysia-Singapore Joint Ministerial Committee for Iskandar Malaysia (JMCIM).<\/span><\/p>\n

\u201cI am truly happy and excited about this development and announcement because it will continue to strengthen the good relationship between Johor and Singapore for mutual prosperity and progress.<\/span><\/p>\n

\u201cJohor and Singapore will cooperate more closely and complement each other for the good of the people in both countries,\u201d he said.<\/span><\/p>\n

Last month, the <\/span>Prime Minister<\/span><\/a>\u00a0announced that the government is planning to create a special financial zone in Forest City in an effort to boost investment, growth and economic activities in the state of Johor.<\/span><\/p>\n

According to a<\/span> report from ChannelNewsAsia<\/span><\/a> back in July, the SEZ will offer well-developed industrial spaces with special legal regimes, rules, institutional environments and incentives.<\/span><\/p>\n

The idea of a special economic zone is not <\/span>new<\/span><\/a>, as it is a practice that is quite common, especially among ASEAN countries. However, a collaborative special economic zone will require further planning as it requires harmonisation from both countries\u2019 respective governments.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Johor\u2019s Menteri Besar has confirmed that the terms of reference for the SEZ will be finalised next month.<\/p>\n","protected":false},"author":51,"featured_media":58581,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[271,256,216],"tags":[1046,1107,1484,1106],"class_list":["post-58580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-lifestyle","category-news-updates","tag-asean","tag-malaysia","tag-sez","tag-singapore"],"acf":[],"yoast_head":"\nTerms For Special Economic Zone Will Be Finalised Next Month<\/title>\n<meta name=\"description\" content=\"The much awaited Johor-Singapore Special Economic Zone\u2019s Terms of Reference will be finalised next month, said Johor\u2019s Menteri Besar.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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