While there are probable Singapore winners arising from the Johor-Singapore Special Economic Zone (JS-SEZ), analysts believe that there are even more Malaysian beneficiaries.
“Stock beneficiaries are largely on the Malaysia side. Most of the nine zones focus on manufacturing and logistics, with some energy and other service sectors identified,” said Macquarie in a note.
The SEZ comprises nine zones in the state of Johor that will enjoy tax incentives under the agreement. Both countries have set a target of 50 projects in five years and 100 projects in 10 years, with the goal of driving investments in 11 key sectors.
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