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The Communications Ministry has identified 67 industrial areas nationwide to be equipped with 5G internet services, said its minister Fahmi Fadzil.

He said the locations of these industrial areas were identified through cooperation with the Investment, Trade, and Industry Ministry (MITI).

“Our aim is to prioritise these areas because the benefits of 5G for micro, small, and medium enterprises (MSMEs) are significant.

“We want to ensure that factories can take advantage of fast connectivity through 5G,” he told Bernama after attending the ministry’s Strategic Working Direction Meeting 2025 here today.

Also present were the ministry’s secretary-general Datuk Mohamad Fauzi Md Isa, Malaysian National News Agency (Bernama) Chief Executive Officer Datin Paduka Nur-ul Afida Kamaludin, and Bernama Editor-in-Chief Arul Rajoo Durar Raj.

Meanwhile, Fahmi said the penetration rate of 5G usage among the public is also increasing by two to three percent each month and is nearing 53.3 percent nationwide.

He stressed that the Communications Ministry is also committed to ensuring that communities in rural areas receive at least 4G coverage before being upgraded to 5G.

“Previously, we had the National Digital Network (Jendela) Phase One initiative, which should see the completion of 1,661 towers by June this year, marking the first step.

“Second, I expect that between the two 5G networks, they may see strategic collaboration to ensure that the towers in rural areas can be utilised for 5G purposes,” he said.

He added that Jendela Phase Two will involve between 2,500 and 3,000 locations in rural areas that lack internet access.

Source: Bernama

67 industrial areas identified for 5G connectivity, says Fahmi

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Focus would be on manufacturing, E&E sectors as state moves towards becoming silicon researach and incubation hub, says chief minister

Penang Chief Minister Chow Kon Yeow expressed optimism about the future of investments from the People’s Republic of China in the state.

Chow said he is confident that China will solidify its position as a partner and friend to Malaysia, given the Consulate-General of China’s active engagement with the northern region states.

“I am looking forward to more Chinese-funded enterprises and investments in Peninsular Malaysia’s northern states, with the assistance of the Consulate-General in Penang,” he said during a Chinese New Year reception hosted by the Consulate-General of China at the Chinese Town Hall on Tuesday.

The chief minister said from January to June last year, the approved manufacturing investments from China reached RM411.8 million.

“To date, Penang houses 53 Chinese companies. From that number, 46 are in manufacturing, five in global business services, and two in logistics,” he said.

Chow added the focus remains on the manufacturing and electrical and electronics (E&E) sectors to maintain bilateral ties and explore new avenues, especially now that Penang is moving forward as a silicon research and incubation hub.

He also discussed Malaysia’s role as Asean chair this year, stating that there is a responsibility to reshape Asean and emphasise its principle of centrality.

He mentioned that as a member state, the country is committed to contributing through collaborations, cross-cultural exchanges, and intensifying economic activities.

Meanwhile, Consul-General of China in Penang Zhou Youbin highlighted the deepening ties and strong economic cooperation between Malaysia and China.

“In 2024, China-Malaysia bilateral trade reached a record US$212.031 billion (RM942.19 billion).

“China’s investment in Malaysia surged to RM10.8 billion from January to September 2024, making it the second-largest foreign investor in Malaysia,” he said.

He added that these investments included the northern states, particularly Penang.

Zhou also mentioned the completion of several noteworthy Chinese investment projects, such as the Penang 275kV Cross-Sea Transmission Line Project, and the development of the 24.5MW Hydropower Project in Perak.

The consul-general noted the importance of tourism growth, pointing out that the number of Chinese tourists visiting Malaysia has risen significantly, surpassing pre-pandemic levels.

“According to Tourism Malaysia, the number of Chinese tourists visiting Malaysia in 2024 has exceeded three million, which is 2.3 times more than in 2023, and has surpassed the number for 2019, the year before the epidemic,” he said.

Zhou also highlighted the ongoing exchanges between Chinese and Malaysian governments, citing cultural events such as performances by the China Railway Art Troupe and the Hong Kong Chinese Orchestra.

“These exchanges play an integral role in strengthening cultural and people-to-people ties between China and Malaysia,” he said.

Both leaders expressed hopes for a prosperous and fruitful year, with continued growth in China-Malaysia relations.

Source: The Sun

Penang optimistic of more Chinese investments

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The Johor-Singapore Special Economic Zone (JS-SEZ) is seen as a transformative project for both nations, with substantial economic, social and industrial benefits.

Anchored by strong bilateral commitment, the zone is expected to deliver significant growth across the property, infrastructure and high-technology sectors.

Maybank Investment Bank Research (Maybank IB) expressed optimism following a recent visit to Johor, which included discussions with state officials, property developers and site inspections of key locations.

“Our recent visit to Johor, a week after the signing of the JS-SEZ agreement, reaffirms our confidence of its success.

“The cherry on top of our trip was the meeting with the Mentri Besar of Johor who shared his views and the commitment of both Malaysia and Singapore to see this agreement through,” the research house stated.

The property sector emerged as a direct beneficiary of the JS-SEZ, with Maybank IB identifying several companies well-positioned to capitalise on the opportunities.

“The market has reacted positively as the signing of the JS-SEZ agreement validates the implementation of the government’s initiatives. The direct beneficiary of JS-SEZ is the property sector,” it said.

On this note, Maybank IB picked Eco World Development Group Bhd (EcoWorld) as its JS-SEZ proxy.

Apart from property players, Maybank IB also liked certain oil and gas players, data centre players and plantation companies with exposure to Johor.

These include ITMax System Bhd, Dialog Group Bhd and YTL Power International Bhd, as well as plantation companies with landbank in Kulai which are primed for potential development, including SD Guthrie Bhd, Genting Plantations Bhd and Kuala Lumpur Kepong Bhd.

Maybank IB highlighted that EcoWorld’s Quantum Edge site in Kulai and Iskandar Waterfront Holdings Sdn Bhd’s Danga Bay site near the rapid transit system (RTS) track, which will link Johor Baru and Singapore, as prime assets.

Additionally, the rejuvenation of a prime shopping mall in the Johor Baru City Centre or JBCC, next to the RTS link, was seen as a potential catalyst for urban renewal and increased property values.

It noted that the Sedenak area, a data centre hotspot, was identified as a critical zone for high-tech investment.

“Our site visit to Sedenak reaffirms our conviction on the data centre play, which remains a hotspot of activities,” said Maybank IB.

This aligns with the broader JS-SEZ goal of fostering high-growth, high-value and high-technology projects over the next decade.

“A view of the progress of the RTS suggests that the project is on track to complete by end-2026,” the research house stated, adding that the RTS link would enhance connectivity and economic integration between the two nations.

Further, it noted that a JS-SEZ blueprint, expected in the second quarter of 2025 (2Q25), will detail the zone’s ambitious targets, including 50 to 100 high-growth projects over the next five to 10 years.

Maybank IB anticipated that the blueprint would outline projected economic impacts, including an annual gross domestic product boost of US$28bil (RM125bil) for Malaysia, and social benefits such as the creation of 20,000 skilled jobs in the first five years.

Source: The Star

JS-SEZ game changer for Malaysia, Singapore

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Australia’s global metal mining company Fortescue has agreed to invest in green hydrogen alternative energy in Bintulu, Sarawak, says Datuk Seri Anwar Ibrahim.

The Prime Minister said the agreement was reached through a meeting with the company’s leadership team led by executive chairman and founder Andrew Forrest AO on the sidelines of the World Economic Forum (WEF) Annual Summit 2025 here.

“The Sarawak government has agreed in principle and I have guaranteed several incentives and support so that Bintulu will become a hub,” he said at the closing press conference in conjunction with his working visit to WEF 2025.

On Tuesday, Anwar led a Malaysian delegation to attend face-to-face business meetings organised by the Investment, Trade and Industry Ministry with corporate leaders representing Fortescue, AstraZeneca, DP World, Medtronics, Nestle and Google.

Anwar said through meetings with companies investing in Malaysia, the large port company from Dubai, DP World, which comes into Sepanggar, Sabah, has received the support of the Federal Government.

“Sabah will have a relatively large port in the region when DP World comes in. The Federal Government has informed Chief Minister Datuk Seri Hajiji Noor and the state government to provide full support and cooperation,” he said.

In addition, the Prime Minister said Google would continue implementing major programmes in Malaysia, namely data centres that would benefit Peninsular Malaysia, particularly Johor, Penang and Perak.

He said issues related to artificial intelligence, including in the fields of medicine and education were also discussed in the meetings with global companies.

On another matter, Anwar said Asean region’s great potential was his main message at the WEF, adding that as the regional grouping’s chair for the year, Malaysia has highlighted the region’s special features including in the field of economy and trade.

“It trades intra (Asean) and is also a trading force with the United States, China, Europe and BRICS.

“With nearly 700 million people, the fastest economic growth and a peaceful region, Asean has great potential,” he said at the closing press conference in conjunction with his working visit to WEF 2025, Bernama reported.

He said apart from trade and economic potential, Asean also wants to focus on energy transition issues, education, food technology, connectivity and digital.

Anwar attended the summit at the invitation of WEF founder and chairman of the board of trustees, Prof Klaus Schwab – his first since assuming office in 2022.

“We are grateful that as it is the first time I attended as Prime Minister, I think the treatment and recognition of (WEF) for the country is very good.”

Among the leaders Anwar met on the sidelines of the WEF were Dutch Prime Minister Dick Schoof and Somalia President Hassan Sheikh Mohamud.

Source: The Star

Green hydrogen hub coming to Bintulu

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Malaysia’s economy is poised for growth in 2025 as domestic demand is likely to strengthen further with sustained consumer spending and ongoing increase in investment activities, said Alliance Bank Malaysia Bhd.

In a statement today, the bank said the country’s strong fundamentals and diversified economic structure, coupled with renewed government focus to spur higher economic growth, will help ensure Malaysia’s growth trajectory remains on the uptrend.

It anticipates Malaysia will achieve firm gross domestic product (GDP) growth in 2025, aligning with the government’s 2025 GDP growth projection.

Alliance Bank group chief executive officer Kellee Kam Chee Khiong said Malaysia’s economic growth momentum continues to be underpinned by the robust employment market, which has been growing from strength to strength.

“We are encouraged by the country’s improving unemployment rate of 3.2 per cent and the increasing labour force participation rate of 70.5 per cent in October 2024.

“This should bode well for Malaysia, given that domestic demand forms the bulk of our economy,” he said.

Meanwhile, Alliance Bank said private investments are expected to benefit from the improved external environment while the government continues its expansionary fiscal policy to drive economic growth.

“By assuming the chairmanship of ASEAN for 2025, Malaysia is well-positioned to enhance its global standing. ASEAN has consistently proven its resilience and appeal as a leading destination for foreign direct investment (FDI),” it said.

More importantly, Alliance Bank noted that ASEAN’s rising prominence as a major hub for the global supply chain underscores its competitive advantage in positioning itself as a partner for multinational companies.

Moreover, the bank expects further progress in 2025 with more initiatives facilitating investment and trade as well as the smoother transfer of people and goods in the Johor-Singapore Special Economic Zone (JS-SEZ) to be announced.

Alliance Bank added that the ASEAN chairmanship and JS-SEZ come at an opportune time for Malaysia to further propel its economic growth and raise the country’s profile.

Source: Bernama

Economic growth in 2025 to be driven by domestic demand, investments – Alliance Bank

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The declaration of the Port of Sipitang Oil and Gas Industrial Park (SOGIP Port) marks a strategic milestone with significant potential to drive Sabah’s economic growth, Deputy Chief Minister III Datuk Shahelmey Yahya said.

Shahelmey, who serves as the state’s works minister, said the new port, located in Sipitang approximately 140 kilometres from Kota Kinabalu, will provide a major boost to local economic sectors such as transport, shipping, and logistics.

“The economic potential of this area is undeniable. Its strategic location on the west coast of Sabah, facing the South China Sea, positions Sipitang as a new gateway for maritime trade in the region.

“This port will create job opportunities for local residents, enhance household income, and promote sustainable economic growth,” he said during the official declaration ceremony of the SOGIP Port here today.

He emphasised that the initiative aligns with the Sabah Maju Jaya (SMJ) roadmap spearheaded by Chief Minister Datuk Seri Hajiji Noor to strengthen the state’s economic and infrastructure development.

“As a new port area, Sipitang not only enhances Sabah’s capacity to handle international cargo but also broadens access for businesses to the global market.

“This development represents a key step towards bolstering trade ties between Malaysia and its neighbours, as well as the wider region. We are confident this will significantly boost both bilateral and multilateral trade growth,” he said.

At the event, Shahelmey also represented the Chief Minister to witness the signing of the port concession agreement between the Sabah Port Authority, Sabah Oil and Gas Development Corporation Sdn Bhd, and SOGIP Port Sdn Bhd.

He added that with the infrastructure in place, Sipitang is set to become a vital logistics hub for the region, further supporting trade and industrial activities.

“Through the provision of modern facilities, we are confident this project will enhance Sabah’s standing as a key player in international trade and logistics, while accelerating integration with the global economy.

“I believe the SOGIP Port project will not only benefit the immediate area but will also serve as a catalyst for more sustainable and balanced economic development across Sabah,” he added.

Source: Bernama

SOGIP port launch boosts Sabah’s economic prospects

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AUSTRALIA’S global metal mining company Fortescue has agreed to invest in green hydrogen alternative energy in Bintulu, Sarawak, said Prime Minister Datuk Seri Anwar Ibrahim.

Anwar, who is also the Finance Minister, said the agreement was reached through a meeting with the company’s leadership team led by Fortescue executive chairman and founder Andrew Forrest AO on the sidelines of the World Economic Forum (WEF) Annual Summit 2025 here.

“The Sarawak government has agreed in principle, and I have guaranteed several incentives and support so that Bintulu will become a hub,” he said at the closing press conference in conjunction with his working visit to WEF 2025.

On Tuesday, Anwar led a Malaysian delegation to attend face-to-face business meetings organised by the Ministry of Investment, Trade and Industry with corporate leaders representing Fortescue, AstraZeneca, DP World, Medtronics, Nestle and Google.

Commenting further, the prime minister explained that through meetings with companies investing in Malaysia, the large port company from Dubai, DP World, which comes into Sepanggar, Sabah, has received the support of the federal government.

“As for Sabah, which will have a relatively large port in the region when Dubai Ports comes in, the federal government has informed Chief Minister Datuk Seri Hajiji Noor and the Sabah government to provide full support and cooperation,” he added.

In addition, the prime minister said Google would continue implementing major programmes such as the one established in Selangor, namely data centres that would benefit Peninsular Malaysia, particularly Johor, Penang and Perak.

Furthermore, he said that issues related to artificial intelligence, including in the fields of medicine and education, were also discussed in the meetings with global companies.

Anwar attended the WEF 2025 for the first time as prime minister since taking office in 2022 at the invitation of WEF founder and chairman of the board of trustees Klaus Schwab from Jan 20-22.

Throughout the three-day visit, Anwar was accompanied by Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, Higher Education Minister Datuk Seri Dr Zambry Abdul Kadir and Digital Minister Gobind Singh Deo.

Source: Bernama

Australian metal mining firm to invest in Sarawak’s green energy sector

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Cahya Mata Cement Sdn Bhd, a wholly-owned subsidiary of Cahya Mata Sarawak Bhd, expects to double its clinker production capacity with the development of a new facility, Clinker Line 2, in Mambong here.

The ambitious project is set to enhance cement production capacity in Sarawak and meet the state’s growing infrastructure demands for the next 15 years, Cahya Mata Cement said in a statement on Thursday.

“Clinker Line 2 will take approximately 24 months to complete. It will incorporate state-of-the-art features to enhance both environmental performance and energy efficiency,” it said.

The new line will be developed in collaboration with Sinoma Industry Engineering (M) Sdn Bhd, following a technical consulting agreement signed in November 2023, which covered the design and subsequent construction of the clinker line, as well as optimising the existing clinker production facility.

Once completed in March 2027, Clinker Line 2 will have the capacity to produce an additional 6,000 metric tonnes of clinker daily, effectively doubling Cahya Mata Cement’s annual production capacity from 900,000 to 1.92 million metric tonnes.

The new facility will feature a waste heat recovery system capable of generating up to 6.0 megawatts of power, an advanced dust filtration system to reduce emissions by 50%, and equipment designed to lower both energy consumption and carbon dioxide emissions.

Furthermore, by utilising locally available alternative raw materials and fuels, the facility will minimise reliance on fossil fuels, reinforcing Cahya Mata Cement’s position as a leader in green cement production.

During its construction phase, the Clinker Line 2 project is expected to require up to 500 workers at its peak, providing a substantial boost to local employment, and creating opportunities for local businesses throughout the supply chain.

Once operational, the new facility will enable Cahya Mata Cement to meet the growing demand for cement in Sarawak, with a projected annual output of 2.4 million metric tonnes.

Cahya Mata Cement acting head Choong Ju Tang said the company is committed to providing a sustainable supply of high-quality cement, backed by a strong brand and a solid foundation built over more than 50 years of contributing to Sarawak’s development.

“Once the Clinker Line 2 project is approved and completed, we will be well-positioned to meet and exceed the construction industry’s demands well into the future,” he added.

Source: Bernama

Cahya Mata Sarawak’s unit expects to double clinker production with new facility

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HP Inc. Malaysia has launched HP Malaysia Manufacturing (HPMM) transformation centre in Batu Kawan, Penang to drive Industry 4.0 and foster sustainable manufacturing practices.

HP Malaysia managing director Alex Tan said the 4,639-square-foot facility embodies the company’s vision for the future of advanced manufacturing, powered by fourth industrial revolution technologies such as robotics, automation to predictive analytics.

“For HP, the facility represents our commitment to being future ready, driving innovation, embracing sustainability and preparing our workforce for the challenges of tomorrow.

“For Malaysia, the transformation signifies opportunity. It strengthens the country’s position as a global leader in the micro electrical mechanical system (MEMs) space, and aligns with the government’s industrial transformation roadmap including initiatives such as Industry4WRD and the New Industrial Master Plan 2030,” he said in a statement.

Since its establishment in 2016, HPMM has employed 1,200 highly skilled Malaysian professionals.

HPMM plays a critical role in HP’s global manufacturing ecosystem, producing and supplying inkjet cartridges to 175 countries worldwide, and is recognised as one of the world’s largest manufacturers of MEMS.

HPMM general manager Dominic Chew said the company is also committed to sustainability and its impact on the community

“At HPMM, initiatives like our solar photovoltaic arrays and zero waste operations team reflect our determination to reduce our environmental footprint.

“These efforts not only align with Malaysia’s sustainability goals but also with HP’s global vision of carbon neutrality and zero waste operations by 2025,” said Chew.

Source: NST

HP launches manufacturing transformation centre in Penang to drive Industry 4.0

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Rising foreign direct investments (FDIs) and domestic direct investments (DDIs), particularly by large multinationals in data centres and chip design and manufacturing, will drive growth in the industrial subsector this year.

“The better trade performance recorded by the country in 2024 could ultimately contribute to a higher demand for industrial space as manufacturers expand capacity. Moreover, the country has succeeded in attracting a higher level of committed FDIs and DDIs in 2024.

“The higher level of committed investments secured, including from several large and well-known multinationals like AWS, Google, Microsoft, Amazon and Alibaba, will benefit and provide a boost to the industrial property sub-sector, and this could translate into increased demand for business and industrial space,” said Henry Butcher Malaysia chief operating officer Tang Chee Meng.

The volume of industrial transactions in Malaysia increased 6.5 per cent in the first nine months of 2024 compared to the same period a year ago, while the value of the transactions rose 22.8 per cent.

Selangor continued to dominate the market, contributing the most to the national transaction volume (33 percent), followed by Johor (18.5 per cent). Terraced factories contributed the highest to the total volume of transactions, followed by vacant plots.

Additionally, Tang said the government’s 30-day visa-free programme for travellers from several countries is expected to boost the retail, leisure, and residential subsectors.

The weaker ringgit since the third quarter of 2023 will encourage international tourists to spend more during their trips in Malaysia.

“At the same time, the higher cost of airfares as well as the weak ringgit will encourage more Malaysians to spend their holidays within the country instead of travelling abroad,” he said, adding that Retail Group Malaysia has forecast a four per cent growth rate for the Malaysian retail industry in 2025.

Commenting on the stamp duty increase to a flat four per cent for foreign individuals and companies in 2024, Tang said the impact is likely to be minimal, as Malaysian real estate prices remain significantly more affordable than in other countries in the region.

He also said global challenges, including the ongoing war in Ukraine, escalating conflict in Gaza and China’s sluggish economic recovery, have created uncertainties for economic growth and Malaysia’s property market.

However, Malaysia’s more stable political environment, sustained economic growth and an anticipated tourism boost from Visit Malaysia Year 2026 (VMY 2026) are expected to cushion the impact of these global headwinds.

With gross domestic product (GDP) growth projected by the government at 4.5 per cent to 5.5 per cent in 2025, and barring any adverse global events, Tang said the company is confident that Malaysia’s resilient property market will continue to experience positive growth in 2025.

“This year, we are optimistic that the residential, commercial, industrial, retail, and hospitality subsectors of the real estate market will remain stable and continue to grow positively,” Tang said.

Source: NST

FDIs, DDIs to drive industrial sector growth: Henry Butcher

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The Ministry of Finance in collaboration with the Ministry of Investment, Trade and Industry and the Malaysian Investment Development Authority will announce the New Investment Incentive Framework (NIIF) by the middle of this year.

Deputy Investment, Trade, and Industry Minister Liew Chin Tong said the NIIF builds on the National Investment Aspiration introduced in 2022.

“This framework evaluates investments based on a six-point scorecard, focusing on factors like economic complexity, job creation, and wage growth. For instance, investments in less-developed states like Kelantan and Terengganu, or those prioritising environmental, social, and governance practices, will score higher,” he told reporters after officiating the opening of HSBC’s first wealth centre in Malaysia today.

Liew said the framework will shift the focus from only attracting investment volumes to assessing their outcomes. “We aim to generate better economic results, such as higher wages and stronger local supply chains, rather than just counting the ringgit value of investments.”

The government is also targeting foreign direct investments (FDI) that boost domestic direct investments (DDI), he said.

“Of course, we want FDI. I mean, we welcome FDI, we welcome domestic investment, but we also want to stress that we want more FDI that will generate stronger DDI. For instance, we want to have investments that create a strong local supply chain,” Liew explained.

As part of this shift, he said, the National Semiconductor Strategy sets goals, including developing 10 Malaysian semiconductor companies with annual revenues of US$1 billion (RM4.4 billion) each and another 100 companies with annual revenues of RM1 billion.

“These are aspirations, difficult. We understand this is difficult, but this is an opportune time for us to pursue these lofty ideas to position Malaysia as a high-value investment destination,” Liew said.

HSBC opened its flagship wealth centre in Malaysia at Menara IQ at the Tun Razak Exchange for HSBC’s Premier Elite and high-net-worth clients. HSBC said the opening aligns with the positive growth seen in Malaysia’s wealth market, as the country progresses towards achieving high-income status.

According to estimates, the value of liquid assets held by high-net-worth individuals in Malaysia in 2024 stood at US$176.62 billion and will increase at a compound annual growth rate of 6.1% from 2024 to 2028.

With Malaysia assuming the Asean chairmanship in 2025, the establishment of the flagship wealth centre also aligns with the region’s growing importance as a wealth producer, investment destination, and wealth management market, HSBC said.

The centre was officially opened by Liew and witnessed by HSBC Bank Malaysia CEO Datuk Omar Siddiq and international wealth and premier banking country head Linda Yip.

On the centre, Yip said Malaysia’s strong economic fundamentals provide a foundation for the growing wealth segment, which is important to the country’s aspirations to become a high-income nation. “Therefore, the timing is right for HSBC to open its flagship Wealth Centre in Malaysia.”

Yip said HSBC sees increasing demand for more sophisticated and specialised wealth solutions to help customers navigate life’s journey and achieve their goals.

HSBC also has wealth centres in mainland China, Hong Kong, Singapore, and Taiwan.

Source: The Sun

New Investment Incentive Framework to be announced by middle of this year

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Malaysia’s political stability and clear policy prescriptions in the MADANI Economy framework have encouraged big players in the artificial intelligence (AI) industry, including semiconductor companies, to invest in the country.

Prime Minister Datuk Seri Anwar Ibrahim said the government has provided enough incentives to attract big players from the United States, Europe and China to make huge investments in Malaysia.

Along with the progress of AI, he called for a comprehensive approach to integrating AI into Malaysia’s national framework, emphasising the urgency of establishing robust AI legislation, a national AI office, and data protection measures.

“We have to navigate — (through) the National AI Office, legislation, data protection, and whatever it takes to make sure that we are fully equipped,” he said during a special one-on-one exclusive dialogue entitled “A Conversation with Anwar Ibrahim’’ moderated by WEF founder and executive chairman of the board of trustees Prof Klaus Schwab here today.

“AI means changing the education system, health services, blockchain. It will have to come about, and we are pushing it at a faster pace, partly because of my age. I don’t have time to wait,” the 77-year-old leader added.

Source: Bernama

Malaysia secures AI industry investments with clear MADANI economy policies – PM Anwar

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The Johor-Singapore Special Economic Zone (JS-SEZ) is one of a kind and a phenomenal move between Malaysia and neighbouring Singapore, Prime Minister Datuk Seri Anwar Ibrahim emphasised yesterday.

“There is an element of trust in working together on a joint programme that will benefit one another.

“This Johor-Singapore economics, in my mind, is a phenomenal sort of a move, because (it) must be based on trust and common policies. And it is happening,” he said at the “Country Strategy Dialogue” session on the sidelines of the World Economic Forum (WEF) Annual Summit 2025 here.

Anwar was responding to a question asked by a participant on his expectation of the recently penned JS-SEZ collaboration during the session moderated by Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Anwar, who is also the Finance Minister, said he is still grappling to find any other region or subregion arrangements, “maybe they have some sort of regional understanding, but not to the extent of the Johor-Singapore economic zone,” he added.

The Prime Minister said he was confident that the JS-SEZ would propel the economy in terms of investments, where both Malaysia and Singapore can benefit.

“We are really enthusiastic, and so is Singapore Prime Minister Lawrence Wong when we had the discussion, and I think that should be a very important showcase for Malaysia and Singapore and also for the region, for Asean and beyond,” he said.

Earlier this month, Singapore and Malaysia formalised the agreement of the JS-SEZ during the 11th Malaysia-Singapore Leaders’ Retreat to boost economic cooperation and attract investments.

The JS-SEZ is a mega development project covering areas such as the Iskandar Development Region, Desaru, Johor Baru, Iskandar Puteri, Tanjung Pelepas, Tanjung Bin, Pasir Gudang, Senai, Skudai and Sedenak.

Among others, JS-SEZ targets to attract 100 projects in 10 years.

Source: Bernama

PM: JS-SEZ is one of a kind, phenomenal

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Proton Holdings Bhd (Proton) is boosting the production of the e.MAS 7 electric vehicle (EV) by an additional 3,000 units to cope with the high demand from customers nationwide.

Deputy chief executive officer Roslan Abdullah said the car maker previously targeted to secure 3,000 bookings for the vehicle within six months, but it surpassed the target in less than a month.

“Demand is rising, reflecting the public’s acceptance of EV cars.

“I am confident that in the next three or four years, people will scramble to use EVs and move further away from buying petrol or diesel vehicles,” he told a press conference after the launch of the Proton EV showroom at JM Otomobil (EV) in Wakaf Siku here today.

Roslan said the target group for the EVs comprises those who are interested in the latest technology.

“The price (of the EV) is not much different than that of the Proton X50 or X70. What is important is the country’s move towards zero carbon mobility,” he said.

The Proton e.MAS 7, launched by Prime Minister Datuk Seri Anwar Ibrahim on Dec 16 last year, is Malaysia’s first EV in the drive towards sustainability and green technology innovation.

Two variants are offered — Prime (priced starting from RM109,800) and Premium (RM123,800).

Proton’s first EV boasts a 12-in-1 electric propulsion system, a 16-speaker audio system, and ample legroom with 33 storage compartments.

Source: Bernama

Proton e.MAS 7 production to be boosted amid strong demand

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Prime Minister Datuk Seri Anwar Ibrahim today held high-level meetings with business leaders from six multinational companies (MNCs) including AstraZeneca, Fortescue, DP World, Medtronics, Nestle, and Google.

Arranged by the Ministry of Investment, Trade and Industry (MITI), the one-on-one meetings took place on the sidelines of the World Economic Forum (WEF) Annual Summit 2025 at the Mountain Plaza Hotel, here, where Anwar, who is also the Finance Minister, led the Malaysian delegation.

Also present were MITI Minister Tengku Datuk Seri Zafrul Abdul Aziz, Digital Minister Gobind Singh Deo, Higher Education Minister Datuk Seri Dr Zambry Abdul Kadir, and the chief executive officer (CEO) of Malaysian Investment Development Authority (MIDA) Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, along with government officials.

Anwar spent half an hour in each meeting with the business leaders, starting with AstraZeneca’s chief strategy officer Marc Dunoyer, followed by a meeting with the executive chairman and founder of Fortescue, Minderoo Foundation, and Tattarang, Dr Andrew Forrest AO.

The prime minister and Malaysian delegation then met with DP World, led by its chairman and CEO, Sultan Ahmed Bin Sulayem, and also held discussions with Medtronics, represented by its senior vice president, Eurasia, Majid Kaddoumi.

The prime minister also sat down for a conversation with Nestle’s executive vice president and CEO of Zone Asia, Oceania and Africa, Remy Ejel.

Finally, Anwar and the Malaysian officials had discussions with leaders from Google, represented by Ruth Porat, president and chief investment officer of Alphabet and Google.

Anwar is currently leading the Malaysian delegation on a three-day working visit to attend the WEF Annual Summit 2025, here. This marks his first participation in the WEF since taking office in 2022.

With the theme “Collaboration for the Intelligent Age”, the high-level summit, which began yesterday and runs until January 24, will discuss, among other topics, the role and contribution of emerging technologies and the latest innovations in addressing global economic issues.

The discussions will focus on five thematic priorities – Industries in the Intelligent Age; Rebuilding Trust; Reimagining Growth; Investing in People; and Safeguarding the Planet.

Source: Bernama

Anwar meets 6 MNCs including Google, Nestle on the sidelines of WEF 2025

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Penang is expected to strengthen its position as a top medical tourism hub in South-east Asia with an upcoming multibillion-ringgit Penang Medi-City project in Batu Kawan.

The mega-project, spread out over 235.8 acres, will take about 15 years to complete and is expected to feature mixed development of at least four hospitals, various health and wellness facilities, technology parks, commercial centres, serviced apartments, schools and residential areas.

“This is one of the largest private investments we are receiving in Penang, at RM2 billion for phase one and a few more billions in the other phases, in a sector outside of the manufacturing sector,” said Penang chief minister Chow Kon Yeow at a press conference after the official signing ceremony of a master sale and purchase and development agreement between Penang Development Corporation (PDC) and Fajarbaru Builder Group (FBG).

He said PDC has been working on the idea for a medical city for more than five years and have discussed it with various companies.

“We have also called for Request for Proposal for this,” he said.

He added that the project will be a catalyst project for Batu Kawan as it is expected to feature more than 1,000 hospital beds and become a one-stop medical hub for Penang, the northern region and Asean.

“Penang is now dominating the medical tourism industry in the country, with a 45 per cent market share,” he said.

He said the medical tourism industry in the state has continued to expand in recent years that the state is one of the main destinations for medical tourists seeking high quality medical services at affordable rates.

He said the Penang Medi-City development in Batu Kawan will strengthen the state’s position as a main medical tourism hub in South-east Asia.

He also said the project is expected to create thousands of job opportunities during construction and upon completion, it could create even more high-value jobs in the medical and services industry.

“This project proves that Seberang Perai and Batu Kawan is set to be the future of Penang,” he said.

FBG group executive chairman Tan Sri Chan Kong Choy said Phase One of the project, which covers about 51 acres, will have a gross development value of RM2 billion.

“There will be one hospital first but we are also in discussions with several other medical operators, local and international,” he said.

He said the overall project, which is in four phases, will have not less than four hospitals of various disciplines.

“There will also be related healthcare and wellness service operators,” he said.

He said they will also consider traditional Chinese medicine and alternative medicines operators as these are also huge growing markets.

Phase one of the project is expected to launch in the fourth quarter of next year and will take about eight years to complete.

Source: Malay Mail

Penang cements position as medical tourism hub with RM2b Penang Medi-City project

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The resumption of negotiations for the Malaysia-European Union Free Trade Agreement (MEUFTA) serves as a significant milestone in enhancing trade relations between Malaysia and EU.

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said the ministry and the EU commissioner for trade and economic security Maroš Šefčovič welcomed the resumption of negotiations.

“These negotiations have begun at a historic moment. In the current, ever-changing geopolitical landscape, it is crucial to build new partnerships, foster cooperation, and explore new opportunities, and that is exactly what we are doing through these negotiations,” the ministry said in a statement.

It added that a modern and dynamic free trade agreement will bring mutual benefits, open doors to new business opportunities, and enhance the resilience of supply chains.

“We look forward to the first round of productive negotiations in the coming months.”

Malaysia and the EU have resumed negotiations for MEUFTA, which had been stalled since 2012.

Prime Minister Datuk Seri Anwar Ibrahim said this was agreed upon together with European Commission president Ursula von der Leyen during his working visit to Brussels, Belgium from Jan 19-20.

In a statement today, the Prime Minister’s Office said the renewed engagement marks a significant milestone in strengthening Malaysia’s economic ties with one of the world’s largest trading blocs.

Source: NST

Resumption of FTA talks a milestone for Malaysia-EU ties: Tengku Zafrul

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Sarawak’s green methanol projects and the Johor-Singapore Special Economic Zone (JS-SEZ) are projected to boost Malaysia’s economic growth and attract foreign investments over the next two to three years, according to Nomura Asset Management.

Country head for Malaysia Leslie Yap said these initiatives position Malaysia as a destination for global investors seeking opportunities in Southeast Asia for the long term.

“Those (JS-SEZ and Sarawak’s green methanol) are areas where they need capital and want to grow. Some of these projects are pretty good. There’s going to be quite a decent amount of investment going in, so hopefully it comes to fruition. The economy can benefit from that,” he said at the Nomura Asset Management Malaysia’s Breakfast Conference 2025 today.

Yap said the current foreign selling and overall index pressure on the Malaysian equity market is short term. He explained that short-term fund flows tend to be influenced by concerns about the global economy, US interest rates and political factors, such as the new Trump administration’s trade policies.

“When you talk about fund flows, which are more short-term in nature, global investors will say, ‘Let’s pull it back to dollar-class assets. Let’s keep it there. Make sure we see more certainty and clarity in what they’re trying to do – meaning the US and Trump – before we have a view on emerging markets.”

Yap said many regional or foreign investors will come back and relook Malaysia, given its relatively stable political situation. “Our team also believes and hopes that these factors can continue – basically political stability to drive economic growth. At the end of the day, politics are politics. That’s short-term.”

When it comes to diversification of the supply chain in electronics, Yap commented, “Yes, tariffs are there in the near term, but we should continue to see more investment in the Malaysian space from global investors.

“Infineon, for example, has mentioned something in the region of €2 billion over 10 years (for Malaysia). They’re going to commit to that, and then next year, pull out? No. It’s a fixed asset investment, not like the stock market.”

Additionally, Yap said Malaysia, relatively small to other emerging markets as a whole, has done well because it has positioned itself as a place for data centres. “We are also supported by the availability of liquidity in the domestic market, meaning the funds, pension funds, and national funds are here to support,” he added.

Separately, Nomura Asset Management Malaysia Sdn Bhd, the Malaysian fund management unit of Nomura Holdings Inc, today launched the Japan Shariah Active Core Fund to offer investors syariah-compliant exposure to Japan’s dynamic equity market.

The Nomura Japan Shariah Active Core Fund is the first Malaysian unit trust fund that primarily invests in syariah-compliant companies domiciled in or derive their earnings from Japan. The fund is available for a minimum initial investment of RM1,000 or US$1,000 (RM4,500).

The active core strategy of the fund is designed to capture the essence of Japan’s evolving economy without being tied to either value or growth investing, ensuring that the portfolio remains balanced and resilient. This dual focus allows the fund to capture opportunities in high-growth sectors while maintaining a foundation in value-oriented investments, offering a proposition to investors seeking both stability and growth.

“Being one of Japan’s largest asset managers, we have been managing active equities worldwide for over 60 years, beginning in Japan. We are thrilled to introduce the Japan Shariah Active Core Fund, which blends our extensive expertise in Japanese equities with the values of syariah principles,“ said Nomura Islamic Asset Management managing director Atsushi Ichii.

Source: The Sun

Sarawak green methanol projects, JS-SEZ will spur Malaysia’s growth and attract foreign investments: Nomura Asset

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MALAYSIA’s electric vehicle (EV) market surged nearly 80 per cent year-on-year (YoY) to more than 28,000 units in 2024, with China’s BYD, Tesla and BMW emerging as the top three brands.

Analysts expect another strong year for the EV segment in 2025 driven by new model launches particularly from national car makers Perusahaan Otomobil Kedua Sdn Bhd (Perodua) and Proton Holdings Bhd.

Thriving ‘Green’ Vehicles

According to the Road Transport Department data, total EV registrations in the country expanded 79 per cent to 28,048 units, representing 3.3 per cent market penetration last year.

The growth was primarily driven by the influx of multiple new EV models and the entry of new players into the Malaysian market, said CIMB Securities analyst Mohd Shanaz Noor Azam, who estimates that the Malaysian automotive market now boasts over 27 EV marques.

BYD, Mohd Shanaz said, leads the market with nearly 31 per cent share, fuelled by the introduction of three new models: the Seal, M6, and Sealion.

Tesla follows with an 18 per cent market share, driven mainly by its flagship models, the Model 3 and Model Y. Meanwhile, BMW ranks third with a seven per cent market share.

“However, BMW’s EV registrations dropped 39 per cent YoY to 1,975 units in 2024, primarily due to increasing competition in the EV space.”

Proton unveiled its first EV, the eMAS 7, in December 2024, receiving over 2,500 bookings within weeks of its launch. Perodua is set to debut its flagship EV in the sub-RM100,000 segment by the fourth quarter of 2025.

“The government’s policy of setting a minimum average selling price of RM100,000 for nonnational EVs is expected to provide a competitive edge for national brands,” Mohd Shanaz said.

Although EVs from national brands are likely to boost EV penetration this year, CIMB Securities expects rising competition within the segment, especially from Chinese players as duty exemptions for imported EV models are set to end in 2026, after which domestic assembly will take precedence.

Easing Industry Sales

The EV may continue to thrive but the same cannot be said about the overall industry sales.

CIMB Securities expects a total industry volume (TIV) of 755,000 units for 2025. This will be equal to a seven per cent YoY decline over the estimated 814,000 units sold in 2024.

The firm attributed this to potential headwinds, including the possible removal of the RON95 petrol subsidy in mid-2025 and a likely revision of the open market value (OMV) calculation method.

“Despite these challenges, we anticipate resilient demand within the sub-RM100,000 segment, which remains dominated by national brands and select entry-level models from Japanese marques,” Mohd Shanaz said.

“In 2024, we estimate that sub-RM100,000 models accounted for at least 73 per cent of Malaysian TIV, with national brands commanding over 80 per cent of this segment, while Japanese and Chinese marques represented the remaining 20 per cent,” he added.

The firm expects demand for sub-RM100,000 models to remain robust in 2025, supported by first-time car buyers and an accommodative interest rate environment maintained by Bank Negara Malaysia.

Additionally, the government’s plans to retain fuel subsidies for 85 per cent of RON95 users, as outlined in 2025 Budget, are expected to maintain affordability for the mass-market segment.

“As a result, we expect national brands to maintain their dominance, capturing a projected 64.5 per cent market share, compared with 35.5 per cent for non-national brands in 2025,” Mohd Shanaz said.

Source: NST

Another strong year for EVs in Malaysia

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The East Coast Economic Region Development Council (ECERDC) says it has achieved RM13.4 billion in realised investments for 2024, a 56 per cent increase compared to the previous year.

This marks the highest annual investment figure ever recorded for the East Coast Economic Region (ECER).

ECERDC, in a statement today, said since 2018, private investments have totalled RM44.7 billion, bringing the council closer to its RM49 billion target under the ECER Master Plan 2.0 (EMP2.0), which concludes in 2025.

A key highlight of 2024 was the RM7.7 billion expansion of Alliance Steel (M) Sdn Bhd at the Malaysia-China Kuantan Industrial Park, further solidifying ECER’s position as a leading manufacturing hub.

Other key investments included the expansion of Eastern Steel Sdn Bhd’s steel plant, the development of an integrated waste management facility by Greenverse Sdn Bhd, and the construction of a luxury hotel on Pulau Perhentian Kecil by Ikhasas Land Transit Sdn Bhd.

ECERDC’s initiatives created 3,305 jobs and supported 641 entrepreneurial opportunities in 2024.

The fisheries sector also experienced growth with the completion of the Endau-Mersing Fish Processing Park, which has positioned Mersing as a vital fisheries hub by creating high-value seafood products and boosting market competitiveness.

ECERDC highlighted its target to achieve RM55 billion private investment under the 13th Malaysia Plan (2026–2030).

This will come from initiatives such as the ECER Islands Master Plan and the development of 17 recreational vehicle parks along scenic routes to promote eco-tourism and sustainable travel.

The council said agriculture would remain a key focus, with the completion of Jemaluang Dairy Valley in Mersing by mid-2025 and expansion of livestock production in locations such as Segamat, Setiu, Dungun and Hulu Terengganu.

ECERDC also noted its ongoing efforts to support sustainable industrial growth. This is through the development of renewable energy zones and advanced technologies such as carbon capture, utilisation and storage facilities, aligning with Malaysia’s climate action goals.

ECERDC chief executive officer Datuk Baidzawi Che Mat expressed optimism about the council’s ability to drive inclusive and sustainable development.

“Through collaboration with federal and state governments, private investors, and local communities, we are committed to unlocking the region’s potential and delivering greater prosperity to the people of ECER,” he added.

Source: NST

ECER attracts 56pct more realised investments to RM13.4bil in 2024

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Malaysian companies, especially those in the logistics sector, should go regional with a whole-of-government approach to create Malaysian global champions in services, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.

He said transport services continue to be a significant contributor to Malaysia’s trade deficit, reflecting reliance on foreign shipping and logistics providers to support Malaysia’s export-driven economy.

Liew said this is a cause for concern and calls for more effort to transform the situation.

“We should build a Malaysian brand image of trustworthiness and friendliness for Malaysian global service providers to thrive in the export of services,” he said in his opening speech at the Service Conference 2025 (SERV25) here on Monday.

Liew also suggested that Malaysia should do more to make itself a hub for regional headquarters, tourism, higher education, research and development (R&D) activities, legal and arbitration services, and finances, especially Islamic finance.

He said emerging sectors such as digital trade, and sustainable and green services are areas Malaysia can make a global difference.

“The linkage between services, manufacturing and technology should be firmly established,” he said, a sign that Malaysia is seeing an upsurge in manufacturing activities, thanks in part to supply chain relocation, with manufacturing-related services being core to the development of a robust services sector.

“We must do more to link the two sectors together, and more importantly, connect manufacturing and services with Malaysian technology,” he said.

He said the service sector linkage to supplement “Made in Malaysia” with “Made by Malaysians” is crucial.

SERV25 brought together speakers and thought leaders to explore cutting-edge digital transformation strategies to reshape Malaysia’s economic landscape.

Source: Bernama

Chin Tong urges Malaysian logistics companies to go regional

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A modern and dynamic free trade agreement will bring mutual benefits, open doors to new business opportunities and improve supply chain resilience.

The Ministry of Investment, Trade and Industry (MITI) said that in the current ever-changing geopolitical landscape, it is important to build new partnerships, foster collaborations and explore new opportunities.

Prime Minister Datuk Seri Anwar Ibrahim and European Commission President Ursula von der Leyen, today announced the resumption of negotiations on the Malaysia-European Union Free Trade Agreement (MEUFTA).

The announcement was made in conjunction with the prime minister’s working visit to Brussels, Belgium on Jan 19-20, 2025.

“Following the announcement, Minister of Investment, Trade and Industry, Tengku Datuk Seri Zafrul Abdul Aziz and the Commissioner for Trade and Economic Security of the European Commission, Maros Sefcovic welcomed the resumption of negotiations on the MEUFTA, an important moment in the improvement of trade relations and economic integration of both parties.

“We welcome a productive first round of negotiations in the coming months,” MITI said in a statement today.

Source: Bernama

MITI: Modern, dynamic free trade agreement will bring mutual benefits

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After successfully producing and exporting methanol, Sarawak Petchem Sdn Bhd is now setting sights on another new product – green methanol.

Sarawak Premier Tan Sri Abang Johari Tun Openg set the wheels in motion when he performed the ground-breaking ceremony for the green methanol plant project at Tanjung Kidurong, Bintulu last week.

State-owned Sarawak Petchem chairman Tan Sri Abdul Aziz Husain said green methanol could be used as a sustainable marine fuel for the shipping industry, contributing to a significant reduction in carbon dioxide emissions, which is crucial in addressing climate change.

“This green-methanol project is an important step in our journey towards sustainable energy solutions. With this initiative, we are not only addressing the energy needs of today but also moving towards a more sustainable and climate-resilient future,” he added.

Abdul Aziz said the project would employ water electrolysis technology powered by renewable energy, along with captured carbon dioxide as feedstock in the synthesis of methanol.

Lauding Sarawak Petchem for embarking on the green methanol plant project, Abang Johari said this would serve as a global model of Sarawak’s active participation in shaping the transition to green energy.

“I just came back from Japan and Japanese firms need green energy sources to power ships in an effort to mitigate carbon emission, and they are opting to use methanol or ammonia, particularly green ammonia.

“We know that green ammonia is combined with carbon. By mixing carbon with hydrogen produced using renewable energy, like solar and hydro, we can produce green methanol,” he added.

At the event, the premier also witnessed the official departure of 20,000 tonnes of methanol from Sarawak Petchem in two vessels to China from the Sarawak Methanol Complex in Tanjung Kidurong.

Sarawak Petchem is Malaysia’s second-largest methanol producer after Petronas Chemicals Group Bhd.

According to earlier media reports, some Rm7bil had been invested in the Sarawak Methanol Complex project.

The methanol plant, which was built by South Korea’s Samsung Engineering Co Ltd, has an annual production capacity of 1.75 million tonnes.

The plant is expected to become a catalyst for future growth of the downstream oil and gas sector in Bintulu.

Meanwhile, Sarawak is expected to partner Japanese investors in a joint venture to produce ammonia and hydrogen.

A memorandum of understanding on the partnership is due to be signed in May.

Abang Johari said the planned project will produce hydrogen using the methanol-to-hydrogen process and the cyclohexane process to generate liquid hydrogen for energy.

“Additionally, hydrogen,when mixed with carbon, will produce synthetic gas, which can also serve as a new energy source.

“Japanese Prime Minister Shigeru Ishiba has asked Sarawak to collaborate with Japan to produce ammonia, and we will further use feedstock hydrogen,” he said during a townhall session here last week.

The event marked Abang Johari’s eighth anniversary as Sarawak premier.

Prime Minister Anwar Ibrahim and Abang Johari had held talks with Shiba on various issues, including transforming Sarawak into a regional energy hub, during the latter’s official visit to Malaysia recently.

And according to Deputy Primer Minister and Energy Transition and Water Transformation Minister Datuk Seri Fadillah Yusof, during the Anwar-shibaabang Johari meeting, they had discussed and jointly committed to Sarawak becoming a centre for the development of hydrogen, which will be exported not only to Japan but also other regions as well.

Japan has pledged to invest in Sarawak’s hydrogen-energy sector.

Fadillah said Sarawak’s advancement in hydrogen research has attracted investment interest from countries beyond Japan and South Korea, adding that this would help to position Sarawak as a potential primary hub for the hydrogen economy in Asia.

Anwar had expressed hope that clean hydrogen energy and decarbonisation project between Sarawak Economic Development Corp, Petroleum Sarawak Bhd (Petros) and a Japanese consortium could be facilitated by May this year.

The consortium comprises Japan Petroleum Exploration Co Ltd, GC Holdings Corp and Kawasaki Kisen Ltd.

On Feb 26, 2024, Petros, Petronas CCS Ventures Sdn Bhd and the Japanese consortium signed a Storage Site Agreement for the depleted M3 oilfield, off Sarawak.

The agreement not only enables the feasibility studies of the carbon dioxide storage sites, starting with the depleted M3 field, but also the planning of carbon dioxide storage sites, including onshore terminals and transportation pipelines as well as assessment of its technical and commercial feasibility.

Source: The Star

Sarawak sets sights on green methanol

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The logistics sector in Johor remains poised for growth, bolstered by the productivity of Johor Port and the Port of Tanjung Pelepas (PTP), both of which continue to maintain low vessel dwell times.

Industry experts believe planned developments, such as the Johor-Singapore Special Economic Zone (JS-SEZ), are expected to further solidify Johor’s position as a key logistics hub in Southeast Asia.

MMC group managing director Tan Sri Che Khalib Mohamad Noh Johor continues to be a major logistics hub due to its strategic location, comprehensive land, sea, and air transport infrastructure, deep connectivity and green lanes to Singapore, ample land availability, as well as a strong labour supply.

Che Khalib said the proposed initiatives under the JS-SEZ will foster greater cross-border movement of people, integration, and connectivity between Johor and Singapore, which will in turn intensify cross-border trade and logistics.

“The JS-SEZ will also promote renewable energy, green industrial parks, and one-stop investment centres, which would attract high-value investors that prioritise ESG and reduced carbon emissions,” he told Business Times.

Meanwhile, transport consultant Wan Agyl Wan Hassan said with larger warehousing capacities compared to Singapore and access to well-established ports such as PTP and Johor Port.

“Johor’s proximity to Singapore gives it a golden opportunity to shine as a logistics hub.

“Singapore’s reputation as a global logistics leader is unmatched, but rising costs and limited space there mean Johor can step up as the affordable and scalable alternative,” he said.

Meanwhile, Wan Agyl said the global logistics industry’s current turbulence—driven by the Red Sea crisis and the rising trend of regionalisation—has further highlighted Johor’s potential.

He noted that companies are now seeking alternative routes and warehousing solutions closer to their production and consumption hubs.

“Yes, the Red Sea crisis is a challenge, but it’s also a wake-up call. Global logistics is shifting towards regionalisation, sustainability, and resilience. Johor must seize this moment to position itself not just as a backup to Singapore but as a vital player in the global trade network.

“By focusing on these strategies, Johor might have the chance to thrive in the face of global disruptions,” he said.

Kenanga Investment Bank Bhd has maintained its “neutral” stance on the seaport and logistics sector as the shipping diversion from the Red Sea continues to weigh down on global trade.

However, the firm expects the domestic logistics sector to play a key role in connecting economies that benefitted from the trade diversion due to the United States (US)-China trade tensions.

“Nevertheless, we continue to see a bright spot in the domestic logistics sector, benefiting from the booming e-commerce, the global tech upcycle driven by demand for artificial intelligence, and a resilient US economy,” it added.

Source: NST

Johor’s logistics sector set for growth, driven by Johor Port and PTP productivity

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Malaysia can expect an increase in investment and trade with the United Kingdom (UK) as both countries will have a free trade agreement for the first time through the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz said the CPTPP was a good beginning for companies to gain access into markets in each country from the aspect of tariffs and accessibility.

“This (CPTPP) will certainly encourage our companies to export goods and services to the UK,” he told the Malaysian media covering Prime Minister Datuk Seri Anwar Ibrahim’s working visit to the UK.

Tengku Zafrul said the impact of the CPTPP on bilateral relationships between both countries was discussed when Anwar met his counterpart Sir Keir Starmer on Jan 15 here.

Malaysia ratified the CPTPP in October 2024, joining Peru, Japan, Singapore, Chile, New Zealand and Vietnam in doing so, while the UK joined last December.

CPTPP is an Asia-Pacific trade bloc made up of 11 countries plus the UK. The 11 original members are Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

On Thursday, Tengku Zafrul and UK Minister of State for Trade Policy and Economic Security, Douglas Alexander held the inaugural ministerial-led Joint Economic and Trade Committee (JETCO) meeting to explore ways to increase bilateral trade and investment.

On future prospect of investment from the UK, Tengku Zafrul said more companies are looking to venture into Malaysia or increase their investments there.

“We managed to get RM11 billion in potential investments during the prime minister’s visit here. The biggest amount is for data centres, with one company wanting to further invest RM5 billion,” he added.

Tengku Zafrul said potential investors were keen to hear from the prime minister himself the situation in Malaysia, and the policies under his administration.

During Anwar’s visit, he attended a roundtable meeting with captains of industry and Invest Malaysia, as well as launching YTL Group’s £2 billion (RM11 billion) housing development and arena north of Bristol, UK.

He also launched Tenaga Nasional Bhd’s 102 megawatt (MW) Eastfield and Bunkers Hill solar farms, as well as visiting the Battersea Power Station, which is Malaysia’s largest investment involving public funds in Europe.

“These are private investments. Yet they are expected to bring tremendous benefits to Malaysia through profits, dividends and also imports of goods and services from Malaysia for their projects here,” he added.

The UK is Malaysia’s fourth largest trading partner in Europe, with total bilateral trade amounting to RM15.3 billion (US$3.34 billion) in the first 11 months of 2024.

Source: Bernama

Increase in investment, trade with UK amid CPTPP: Tengku Zafrul

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