M'sia-S'pore Inter-Govt Industrial Working Panel Will Meet Soon, Says Minister

JOHOR BAHARU (Johor, Malaysia), March 14 (Bernama) -- The Malaysia-Singapore Inter-Governmental Industrial Working Committee will hold its first meeting soon to discuss trade and investment issues confronting the two neighbours. Malaysian International Trade and Industry Minister Mustapa Mohamed said the meeting would study the proposal to establish a dedicated industrial zone in Malaysia for Singaporean investors to seek business opportunities, among others. He said many Singapore companies are keen to expand their businesses to Malaysia but they were hampered by space constraints. "They see Iskandar Malaysia as one of the best locations (to do business)," he told reporters after meeting investment agencies in Johor (south state of Malaysia) at the Iskandar Regional Development Authority's office here Wednesday. Mustapa said the committee was formed following a request by the business fraternity in Singapore, including the Singapore Business Federation, to find new business opportunities in the Iskandar Malaysia economic corridor. As initial preparations for the meeting, a special meeting would be held on Friday with the Malaysian Investment Development Authority (Mida) to prepare detailed information on the matter, he said. -- BERNAMA