Malaysia, Singapore expected to become global hi-tech hubs
The Malaysia-Singapore Special Economic Zone and the proposed Johor-Singapore Rapid Transit System (RTS) that will be finalised by both countries can have a positive impact on the relationship between the two neighbours, said economic analyst Dr. Oh Ei Sun.
Kuala Lumpur (VNA)🍃 – The Malaysia-Singapore Special Economic Zone and the proposed Johor-Singapore Rapid Transit System (RTS) that will be finalised by both countries can have a positive impact on the relationship between the two neighbours, said economic analyst Dr. Oh Ei Sun.
If Malaysia and Singapore could cooperate in advanced fields, such as artificial intelligence (AI), it would make both countries centres of high technology development in Southeast Asia, Oh said.
According to him, both countries are able to attract investments in the computer and chip industry in addition to having a mature workforce.
He hoped that the details of the Malaysia-Singapore special economic zone would be one of the focuses at the 11th Malaysia-Singapore Leaders’ Retreat later this year./.
Malaysian Prime Minister Anwar Ibrahim has affirmed that this country and Singapore will coordinate to ensure that the Association of Southeast Asian Nations (ASEAN) operates effectively, focusing on responding to new challenges.
Malaysia and Singapore can become attractive investment destinations for global tech firms seeking safer locations for their operation due to the US-China trade tensions, according to the Bernama news agency of Malaysia.
Malaysia and Singapore on January 11 inked a memorandum of understanding (MOU) to work on the Johor-Singapore Special Economic Zone (JS-SEZ), paving the way for improved cross-border flows of goods and people, as well as increased investment.
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