Johor-Singapore SEZ, bringing Asean closer, says Anwar


Prime Minister Datuk Seri Anwar Ibrahim — IZZRAFIQ ALIAS/The Star

LONDON: Malaysia as the chair of ASEAN in 2025 is committed to fostering even closer integration within ASEAN, deepening trade, economic and energy integration within the region and with the rest of the world.

Prime Minister Datuk Seri Anwar Ibrahim said a prime example is the Johor-Singapore Special Economic Zone (JS-SEZ), which is set to unlock the Johor region’s talent potential while leveraging its proximity to Singapore to attract investments and create high-value economic opportunities.

On Jan 7, 2025, Singapore and Putrajaya exchanged an agreement on the JS-SEZ. It is a unique initiative where two countries work together to help promote both nations and attract investments.

"Likewise, we will prioritise enhancing regional energy cooperation through the ASEAN Power Grid, a critical initiative for advancing the region’s energy transition,” he said at the InvestMalaysia programme in London, United Kingdom (UK) today.

Anwar reiterated that key steps include integrating Thai and Lao energy grids into the broader ASEAN network and exporting Sarawak’s hydroelectric power to Singapore.

These efforts mark a significant stride towards strengthening energy security and accelerating clean energy transition in the Global South.

He said Malaysia would also ensure that ASEAN remains a neutral platform for dialogue and cooperation in the Asia Pacific.

Anwar lauded the UK’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which unlocks access to key markets for Malaysian exports such as palm oil, rubber, and timber.

"At the same time, we are eager to explore partnerships with other economies in the Global South, including BRICS nations, to open new channels of commerce,” he said. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Alliance Bank’s top shareholder Vertical Theme is said to consider sale to DBS
SBH acquires industrial land in Penang for RM18.9mil
Malaysia's GDP growth likely to remain resilient at 4.5% in 2025 - OCBC
Ancom Nylex to remain vigilant in managing risks
JTGB wins RM25.5mil underground cable job
Ringgit weakens against US dollar at the close
HLB appoints Jeffrey Yap as head of regional wealth management
TAS Offshore to sustain growth momentum from strong orderbook
Hextar Industries to soft open 5 Luckin Coffee outlets this month
Sedania appoints former MD of Adidas, Darren Choy, as CEO of FMCG Group

Others Also Read