ACCCIM President Datuk Ng Yih Pyng stresses the importance of a clear blueprint and effective planning for the Johor-Singapore Special Economic Zone (JS-SEZ). Ng advocates for a transparent regulatory framework, inclusive growth, streamlined processes, and support for SMEs to maximize the zone's potential.
The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) president Datuk Ng Yih Pyng believes a clear blueprint is crucial for boosting the effectiveness of the Johor- Singapore Special Economic Zone ( JS-SEZ ). Ng highlighted the need for this blueprint to act as a catalyst for both the public and private sectors, fostering development in the economic zone for the benefit of both countries and the region.
Effective planning, monitoring, coordination and enhanced communication between Malaysia and Singapore are vital for the zone's performance and to maintain trust levels, according to Ng. He proposed that the JS-SEZ operate within a transparent regulatory framework to ensure policy consistency and investor confidence. Ng suggested a comprehensive assessment of funding requirements for industrial infrastructure development, including surveys of potential investors and supporting industries aligned with priority sectors. He advocated for a business-friendly regulatory environment and streamlined bureaucratic processes. Ng emphasized the need for inclusive growth, ensuring benefits reach different locations and sectors. This should involve fostering linkages between companies in the SEZ and local SMEs to create opportunities for local suppliers and service providers. He also stressed the importance of providing SMEs with the necessary infrastructure, access to finance, technology and markets. Ng further emphasized the need for manpower development, skill and vocational training, and capacity building programmes to meet the human resource requirements of industrial sectors. Ng noted that the Invest Malaysia Facilitation Centre Johor (IMFC-J), as a one-stop center for investment, should facilitate a smooth transition for both domestic and foreign investors from initial interest to operational realization, utilizing digital platforms
JS-SEZ Economic Zone Malaysia Singapore Blueprint Investment Inclusive Growth Smes Infrastructure Regulatory Framework
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