With the establishment of the Johor-Singapore Special Economic Zone, cross-border trade and partnerships between Malaysia and Singapore will increase.
Maybank Singapore hosted approximately 160 SME guests and business leaders at the Maybank Johor-Singapore Access conference on July 8, 2024.
The event aimed to prepare attendees for doing business and to provide a platform for sharing perspectives on the expected opportunities and economic benefits within the Johor-Singapore Special Economic Zone (JSSEZ).
Closer Reality
«The economies of Singapore and Malaysia are closely connected through trade, investment, tourism, and labor. With the establishment of the Johor-Singapore Special Economic Zone (JSSEZ), we can expect increased cross-border trade and partnerships between the two countries. This will further enhance the economic ecosystems of both countries, foster positive synergies across various sectors, and strengthen economic connectivity and cooperation,» Alvin Lee, Country CEO of Maybank Singapore, said.
He added, «Maybank sees itself as powering the continued growth of the Malaysia-Singapore corridor by facilitating cross-border business services, solutions, and digital networks to support our clients’ business needs. Maybank will have a significant role to play as the Malaysia-Singapore corridor grows and as the JSSEZ becomes a closer reality.»
Greater Economic Integration
The JSSEZ has strong support from both Malaysia and Singapore, as they are eager for greater economic integration, allowing freer movement of people, goods, and capital, which will create new opportunities aligning with long-term policy goals.
More to follow.
