Malaysia's Forest City Incentive Package May Support Economic Transformation -- Market Talk

Dow Jones

Sep 23, 2024

0659 GMT - Malaysian government's incentive package for Forest City Special Financial Zone aligns with broader initiatives for the Johor-Singapore Special Economic Zone and Johor state's goal to become a developed state by 2030, UOB economists Julia Goh and Loke Siew Ting say in a note. These efforts could support national plans to transform the economy, with more details expected in Budget 2025 and the final Johor-Singapore SEZ agreement by November, they say. The Johor Singapore SEZ will likely be closely linked to the Forest City special financial zone, and promote investment, job creation and development in Johor. Forest City aims to become a global financial hub and foster cooperation with Singapore similar to Shenzhen-Hong Kong, while the Johor Singapore SEZ will focus on high-tech manufacturing industries, UOB says. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

September 23, 2024 02:59 ET (06:59 GMT)

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These efforts could support national plans to transform the economy, with more details expected in Budget 2025 and the final Johor-Singapore SEZ agreement by November, they say. The Johor Singapore SEZ will likely be closely linked to the Forest City special financial zone, and promote investment, job creation and development in Johor. Forest City aims to become a global financial hub and foster cooperation with Singapore similar to Shenzhen-Hong Kong, while the Johor Singapore SEZ will focus on high-tech manufacturing industries, UOB says. (yingxian.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 23, 2024 02:59 ET (06:59 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Malaysia's Forest City Incentive Package May Support Economic Transformation -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMalaysia's Forest City Incentive Package May Support Economic Transformation -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-09-23 14:59</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0659 GMT - Malaysian government's incentive package for Forest City Special Financial Zone aligns with broader initiatives for the Johor-Singapore Special Economic Zone and Johor state's goal to become a developed state by 2030, UOB economists Julia Goh and Loke Siew Ting say in a note. These efforts could support national plans to transform the economy, with more details expected in Budget 2025 and the final Johor-Singapore SEZ agreement by November, they say. The Johor Singapore SEZ will likely be closely linked to the Forest City special financial zone, and promote investment, job creation and development in Johor. Forest City aims to become a global financial hub and foster cooperation with Singapore similar to Shenzhen-Hong Kong, while the Johor Singapore SEZ will focus on high-tech manufacturing industries, UOB says. (yingxian.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 23, 2024 02:59 ET (06:59 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0831103253.SGD","symbol_name":"JPMorgan Funds - Asia Pacific Income A (mth) SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2469168834","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2469168834","pubTimestamp":1727074740,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0659 GMT - Malaysian government's incentive package for Forest City Special Financial Zone aligns with broader initiatives for the Johor-Singapore Special Economic Zone and Johor state's goal to become a developed state by 2030, UOB economists Julia Goh and Loke Siew Ting say in a note. 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These efforts could support national plans to transform the economy, with more details expected in Budget 2025 and the final Johor-Singapore SEZ agreement by November, they say. The Johor Singapore SEZ will likely be closely linked to the Forest City special financial zone, and promote investment, job creation and development in Johor. Forest City aims to become a global financial hub and foster cooperation with Singapore similar to Shenzhen-Hong Kong, while the Johor Singapore SEZ will focus on high-tech manufacturing industries, UOB says. (yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 23, 2024 02:59 ET (06:59 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}