Malaysia, Singapore cooperate on renewable energy

The renewable energy industry will be one of the main focuses in the Johor-Singapore Special Economic Zone (JS-SEZ) development, bringing significantly benefit to both countries.

Singapore needs a sustainable energy supply to ensure the survival of industries in the city-state and Johor can potentially meet those needs, Deputy Secretary-General of the Ministry of Economy of Malaysia Zunika Mohamed told the press. In addition, Malaysia wants to promote cooperation with Singapore in industries that can add value to the national economy.

Apart from supporting the development of renewable energy, the JS-SEZ is designed to attract foreign investments, ease the movement of goods and people, and raise economic cooperation between Malaysia and Singapore.

According to Zunika, Johor has great potential to attract foreign investors including those from Singapore seeking business expansion.

She also said discussions to develop the JS-SEZ are now in the final phase with the joint JS-SEZ agreement is expected to be signed on December 9.

Regarding the 13th Malaysia Plan (13MP), she said it was being detailed to involve various parties and community groups to ensure that everyone progresses together under Malaysia MADANI.

Zunika said the 13MP will focus on implementing the government's initiatives to introduce reforms to narrow social and economic gaps.

She affirmed that the Malaysian economy has been growing well in the past few months, reflecting the government's policies are on the right track, thereby ensuring the rights and interests of the people.