Malaysia and Singapore leaders have signed an agreement to create a special economic zone to attract global investment and ease the cross-border flow of goods and people

Malaysia unveiled a slew of tax incentives to lure investors to its joint special economic zone with Singapore that seeks to add $26 billion per year to the Malaysian economy by 2030.

The signing of the Johor-Singapore Special Economic Zone (JS-SEZ) agreement between Malaysia and Singapore today marks the beginning of a new era for Johor, with a focus on attracting international investments and driving regional growth.