
JS-SEZ key to Johor's rise as regional innovation
ISKANDAR PUTERI: The Johor-Singapore Special Economic Zone (JS-SEZ) is emerging as a cornerstone of Johor's transformation into a next-generation regional powerhouse, with the state offering a compelling value proposition to global investors in artificial intelligence (AI), data centres and high-value industries.
Johor Investment, Trade, Consumer Affairs and Human Resources Committee chairman Lee Ting Han said the JS-SEZ, developed in close collaboration with Malaysia's federal government and Singaporean counterparts, aims to harmonise cross-border regulations, unlock trade flows and ease talent mobility between the two countries.
'This zone will make Johor even more competitive and connected,' he said during closing remarks on the first day of the Nikkei Forum Medini 2025 here today.
He emphasised that Johor is not a passive recipient of federal or foreign policy, but an active agent shaping regional growth through coherent, long-term strategies rooted in clarity, consistency and capacity.
At the heart of this transformation is Medini, a flagship smart city that Lee described as a 'public-private innovation lab', attracting more than RM13 billion in cumulative investments to date in sectors such as healthcare, education, business services and smart infrastructure.
'Medini is more than just real estate, it's a collaborative innovation platform. Now is the time to shift from dialogue to action through MoUs, pilot projects, and enduring partnerships,' he said.
Lee urged policymakers and institutions to recognise that sustainable, digital nation-building depends on integrated action across technology, energy, environmental, social and governance (ESG) frameworks.
'What we've built today reflects on the need for cross-sector coherence. Let us now move from consensus to execution,' he added.
Lee noted that Johor is undergoing a fundamental shift from a traditional industrial base into a next-generation economic powerhouse, driven by policy innovation, infrastructure readiness and investor confidence.
The two-day Nikkei Forum Medini 2025 forms part of broader efforts to position Johor as a regional innovation hub, supporting the JS-SEZ initiative to attract high-quality investments and integrate value chains between Malaysia and Singapore.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Star
6 hours ago
- The Star
Traders brace for cost hikes, weaker spending
JOHOR BARU: The expanded Sales and Services Tax (SST), which comes into effect on July 1, will likely impact local traders and consumers including those coming from Singapore, say Johor business groups. Johor Indian Petty Traders and Small Business Association chairman D. Ravindran said many of their 400-odd members have already voiced their concerns over the SST expansion. ALSO READ: Call to review SST for SMEs 'We are already struggling with high costs, so the timing (of the expanded tax) has come at the wrong time. 'Many of us are already paying high rental fees especially those who are operating within the Johor Baru area,' he said when contacted. Ravindran said that the SST expansion would lead to lower spending power of Malaysian consumers. Although Singaporeans prefer to cross the Causeway and Second Link to shop and eat in Johor, he said that 'as a local business, we cannot just depend solely on Singaporean customers or those earning Singapore dollars'. 'We need support from Malaysian consumers, too,' he said. The Finance Ministry had announced that the reviewed and expanded SST, as stated in Budget 2025, would take effect on July 1. The measure aims to strengthen the country's fiscal position by increasing revenue and broadening the tax base. South Johor SME Association adviser Teh Kee Sin said that the SST expansion would lead to a significant impact on Johor Baru's economy, especially for those involved in retail, food and beverage and services. 'Surely the SST revision will increase the prices of raw materials. This would add on to the selling price,' he said. He said that consumers, even those earning Singapore dollars, are sensitive to price increases. Johor Baru Bazaar Karat Development and Welfare Association president Fuad Rahmat said the expected increase in SST rate would undoubtedly have an impact on the ecosystem of small traders, such as those operating at the Bazar Karat here. 'The purchasing power of local visitors as well as those from Singapore has been declining in recent times. 'With SST, prices may go up. The customer may not know that part of the cost is due to tax,' he said. Furthermore, he said that suppliers or distributors could raise prices arbitrarily on the pretext of taxation. Fuad said he was concerned that small traders like them do not have the bargaining power that large companies do. 'When suppliers raise their prices, we have little choice but to absorb the higher costs or pass them on to our customers. 'This, in turn, will make visitors more cautious about spending,' he said. He urged the Domestic Trade and Cost of Living Ministry to tighten enforcement against suppliers who take advantage on the situation by raising prices without justification. Fuad also said that the focus should not be solely on traders, but also on the supply chain, which could be the real source of these price hikes. 'As a community of micro and informal traders, I hope the government will consider providing special assistance, exemptions, or targeted subsidies, for this group, so we can continue to survive and contribute to the local economy, while helping to draw more visitors to commercial centres like Bazar Karat JB,' he said.


Borneo Post
7 hours ago
- Borneo Post
Religious, cultural values key to national harmony, says S'wak minister
Lee (centre) and all attendees of the conference posed for a group photo. MIRI (June 29): Sarawak Transport Minister, Dato Sri Lee Kim Shin, has called for the continued promotion of ethnic harmony and social unity through the strength of religious faith and cultural values. He made this call during the 13th Malaysia Tow Boo Kong Nine Emperor Gods National Representatives Conference, held at the Miri Che Sing Khor Moral Uplifting Society's grand hall yesterday. 'The conference not only shows the organisational strength of Miri Some Shak Lung Kung Temple's Tow Boo Kong committee, but also embodies the close connections and spirit of cooperation among temples nationwide,' said the Senadin assemblyman. According to him, religion and culture hold unique value in Malaysia's diverse society, and the hosting of such a conference reflects the people's desire for harmonious coexistence. 'A harmonious and stable country must be built on the foundation of unity and mutual trust among its people,' he stressed. Lee also pointed to Sarawak's long-standing, inclusive approach to religious policy, particularly through the establishment of the Unit for Other Religions (Unifor), tasked with providing institutional support and funding for various religious groups. He also commended the temple's ongoing efforts in promoting almsgiving and charitable activities and encouraged the committee to continue extending such goodwill to marginalised communities.


Malaysia Sun
15 hours ago
- Malaysia Sun
Economic Watch: ASEAN integration drives development of independent regional financial system, analyst says
KUALA LUMPUR, June 28 (Xinhua) -- Greater economic integration among the members of the Association of Southeast Asian Nations (ASEAN) is accelerating efforts to build an independent and resilient regional financial system, aimed at reducing reliance on external currencies and enhancing monetary stability across Southeast Asia, according to a Malaysian analyst. These moves are not meant to target any specific country but rather reflect a desire to move away from external financial volatility and facilitate transactions using local currencies for intra-ASEAN trade, which will enable seamless cross-border transactions, provide greater market access for micro, small and medium enterprises (MSMEs), and also boost regional tourism, Lee Pei May, a political expert at the International Islamic University Malaysia, said in a recent interview with Xinhua. "The push for the use of local currencies has been ongoing for some time, as it helps strengthen the economic integration of ASEAN member states -- an important goal that ASEAN seeks to pursue. In fact, other regions are also moving away from relying too heavily on a single foreign currency, such as the U.S. dollar, as external interest rates and shifting government policies may cause significant volatility in currency exchange," she explained, adding that volatility is undesirable in any business. "Apart from the benefits of easier and faster transactions between businesses and banks of ASEAN countries through the use of local currencies, cross-border payments in local currencies can also help to avoid the volatility from outside the area," she said. Lee also said that allowing cross-border settlements in local currencies would be faster and cheaper, and singled out the tourism sector as a big winner, as tourists in the region will not need to go through the hassle of changing physical money when visiting other ASEAN states. "The Regional Payment Connectivity (RPC) initiative was first established to strengthen payment connectivity among the five ASEAN members, notably Malaysia, Thailand, Singapore, Indonesia and the Philippines. To date, the initiative has expanded to include central banks of Vietnam, Laos, Brunei and Cambodia," she said. "The participation would bring about seamless cross-border transactions and boost tourism in the region. Under the local currency settlement framework, many national payment systems have been linked, such as between Malaysia and Indonesia," she said. Lee also noted that the ASEAN push for local currencies and reduced dependency on external monetary systems has gained momentum amid growing awareness of the risks posed by relying on the U.S. dollar. "In the past, certain currencies were viewed as stable, but due to increasingly unpredictable global developments, this perception is shifting," Lee said, adding that if economic tools were to be used to exert pressure on policy differences, it could have negative implications. "Such risks, even if unlikely, remind us why building regional financial resilience is critical," she said.