Asean Trade Centre to be opened in Johor Bahru

Research firm says Iskandar corridor on road to success
CIMB-GK Research Pte Ltd executive director Song Seng Sun said despite the global economic recession in 2008-2009, development activities in the corridor still took place. “More development projects and activities are likely to follow with the improvement in Malaysia’s economy,” he said when representing a paper on “Economic Overview of Iskandar Malaysia” at the Iskandar Malaysia Forum 2010. [TheStar]

Iskandar to hold more roadshows in Singapore
Iskandar Investment Bhd (IIB) will hold more roadshows in Singapore within the next six months to attract more investors to Iskandar Malaysia. President and chief executive officer Arlida Ariff said IIB wanted to attract more Singaporeans – who were already making inroads in Iskandar in the education and the health sectors – to the tourism, leisure, services and property sectors. “There seems to be renewed interest from investors in the republic in Iskandar following the economic recovery both in Singapore and Malaysia,” she told journalists yesterday after presenting a keynote address in the Iskandar Malaysia Forum 2010 jointly organised by IIB and the Institute of South-East Asian Studies. [TheStar]

Singaporeans ‘Wait And See’ Before Investing In Iskandar Malaysia
To date, investment into Iskandar Malaysia has nearly reached RM60 billion, but Singapore’s private sector investment holding is worth only RM2.64 billion, mainly in the region’s manufacturing sector. Singapore investors have shown keen interest in the development of Iskandar Malaysia but are still taking the “wait and see” attitude before going all out to invest there. [Bernama]

1. New Job opportunities at Iskandar Malaysia for Academics
2. Budget 2010: Tax Incentives For Iskandar Malaysia
3. WCT, Iskandar Investment unit in RM600m venture of 1Medini