Jeffrey Teoh, the mind of retail banking at OCBC, stated to reporters that the group of advisors includes bankers who have assisted businesses that have established bases in Johor.  ,
” It’s about helping our clients who want to expand abroad succeed wherever they go,” said Mr. Teoh.  ,
The bank announced the formation of two teams of 25 financiers, one of whom may offer consulting services to SMEs starting and growing their businesses as well as connecting them with suitable partners in the SEZ.  ,
Does TRUMP’S TARIFFS HAMPER THE Hz?  ,
There are also issues among some companies about how the continuing trade war between the United States and China may hinder the region’s prospects despite the increased interest in the upcoming SEZ.  ,
US president-elect Donald Trump has pledged to establish tougher tariffs on China materials, and these could be extended to East Asian countries like Vietnam, Thailand and Cambodia, Malaysia.  ,
These four Southeast Asian claims are just a few of the benefits of the companies ‘ use of the China Plus One technique to expand their supply chains to prevent US tariffs on goods from China.
Therefore, academics have questioned whether Chinese companies may continue to invest in Malaysia, even Johor.  ,
In a press conference on Wednesday, OCBC senior Association of Southeast Asian Nations ( ASEAN ) economist Lavanya Venkateswaran stated to reporters that if the tariffs are extended to Southeast Asian nations, Malaysia’s growth could be hampered by between 0.7 and 1.4 percentage points from a macro perspective.  ,
” And since Johor follows the national average, there will be a watered down impact”, added Venkateswaran.  ,
Hui, who oversees the manufacturing company Tianma Precision Machinery, told CNA that while taxes are a bad for businesses, they are not the only factor that influences decisions about whether Taiwanese companies will develop into Malaysia.  ,
” Taxes are negative- for our clients and the business. It leaves us on the edge, and with a new ( US) leader coming in, we’re not sure.  ,
However, he continued,” We think Malaysia is a good place for our organization because of its hard equipment, such as property and power, and soft infrastructure, such as how similar Chinese cuisine and speech are to one another,” he continued.  ,
Lee, the Johor position state representative, told investigators that while the US-China trade conflict and the possibility of taxes are additional factors beyond Malaysia’s power, he stressed that Johor could be a net-beneficiary in the short term.
We have a set, total legal, financial, and logistical infrastructure, especially with the SEZ, they say. As far as Johor is concerned, we have seen attention from Chia businesses in the semiconductor industry as well as substances and , E&, E (electrical and technology products ), “he said.  ,