🌟 𝑮𝒓𝒆𝒂𝒕 𝒏𝒆𝒘𝒔 𝒇𝒐𝒓 𝒊𝒏𝒏𝒐𝒗𝒂𝒕𝒊𝒐𝒏 𝒂𝒏𝒅 𝒄𝒐𝒍𝒍𝒂𝒃𝒐𝒓𝒂𝒕𝒊𝒐𝒏! 🌟 At 𝐋𝐄𝐗 𝐆𝐋𝐎𝐁𝐀𝐋𝐌𝐈𝐍𝐃𝐒, we strongly believe in creating synergies that transcend borders, fostering global partnerships, and enabling scale-ups to thrive. This initiative, allowing firms to leverage dual-region partnerships between Singapore and the EU, aligns perfectly with our mission of building bridges for innovation across continents. With Singapore serving as a strategic hub for ASEAN and APAC, and the EU’s robust ecosystem of innovative solutions, this success story is a testament to how collaboration can unlock unprecedented opportunities for businesses. Congratulations to all involved in making this happen! We are excited to see the new possibilities this will create for global firms. 🚀
💥🚀And we are off! Today marks a milestone in Singapore-Malaysia economic ties, with our respective Prime Ministers witnessing the signing of the agreement on the Johor-Singapore Special Economic Zone (JS-SEZ)! 🇸🇬🤝🇲🇾 Our partnership will see improvements to cross-border connectivity and the ease of doing business for companies that want to tap on the strengths of both Singapore and Malaysia to serve Asian and global markets. Under the agreement, there will be freer movement of goods and people, creating a robust business ecosystem for companies to twin their operations and leverage the unique strengths of both regions. Highlights of the Agreement include: 📍 A one-stop shop to streamline and expedite the set-up process in the JS-SEZ, known as the Invest Malaysia Facilitation Centre- Johor 🚛 Increasing clearance capacity and implementing automated immigration lanes and paperless cargo clearance for goods, to be rolled out in phases 🚆 Strengthening local transport links in Singapore and Malaysia 👨💻 Talent development through training partnerships between institutes of higher learning in Singapore and Malaysia The JS-SEZ (twice the size of Shenzhen) will catalyse investments in key sectors such as manufacturing, logistics, energy, the digital economy, and the green economy. Within the first five years, Singapore and Malaysia aim to facilitate 50 projects and create 20,000 skilled jobs through the SEZ. These projects will drive economic growth in both Singapore and Malaysia as twin propositions for multinational companies. We invite companies to seize the growth opportunities the JS-SEZ offers!