Maybank Investment Banking Group expects the proposed Johor-Singapore Special Economic Zone (SEZ) to unlock opportunities and spur the exchange of trade, labour, investments and green energy initiatives between the two economies. In a note, Maybank’s macro team led by Chua Hak Bin laid out six key catalysts that could maximise the potential of the SEZ as the two Southeast Asian neighbours stand to reap immense economic rewards. At the onset, they said the initiative already enjoys strong support from both national governments and Malaysia's new King, Sultan Ibrahim Sultan Iskandar. The two nations have also strengthened cross-border integration efforts with the rollout of passport-free immigration clearance via QR code at the Causeway and Tuas Link land checkpoint in March. https://sbr.com.sg/economy/news/johor-singapore-sez-spur-trade-labour-and-investments-maybank   (ICE SINGAPORE)

Fonte notizia: Singapore Business Review, 20 May 2024