CHENNAI: India began voting on Friday ( Apr 19 ) in the world’s largest election as Prime Minister Narendra Modi seeks a historic third term in office on the back of issues such as growth, welfare, Hindu nationalism and personal popularity. An alliance of two hundred opposition parties that claimContinue Reading
CHENNAI: India began voting on Friday ( Apr 19 ) in the world’s largest election as Prime Minister Narendra Modi seeks a historic third term in office on the back of growth, welfare, his personal popularity and Hindu nationalism. An alliance of two hundred opposition parties is challenging Modi withContinue Reading
In the coming year or two, Johor’s economy could surpass that of other Malaysian states thanks to significant projects like the Johor-Singapore Special Economic Zone ( SEZ ) and Forest City’s special financial zone; Anwar Ibrahim, the prime minister of Malaysia, said on Thursday ( Apr 18 ) that there was “pur growth.”
” Both ( projects ) will ensure a more rapid growth ( for Johor ). During a Madani Aidilfitri 2024 event in Johor Bahru, he said to reporters that they are still being developed but will aid in accelerating economic development.
In January, Singapore and Malaysia signed a Memorandum of Understanding ( Johor-Singapore SEZ ). which aims to boost cross-border financial connection.
Both parties will work together under the MOU to promote cross-border flow of goods and people, and create a foundation that will enable a full contract on the area.
In the interim, both nations are looking into other initiatives, including a passport-free certification program on both sides of the border.
In order to boost the economy in the Iskandar Malaysia region, Mr. Anwar made an announcement in August of last year that the blighted Forest City task in Johor had become designated a particular financial zone.
The area may provide enterprise incentives to set up operations, such as a flat income tax rate of 15 per cent for skilled foreign workers, compared to the 30 per cent abroad, many entry visas, as well as fast track entry for those who are based in Singapore.
According to Mr. Anwar, I am convinced that this will draw in some businesses in Singapore that are paying high running costs.
In his Thursday talk, the excellent secretary said Johor continues to drive progress in Malaysia, with the country’s progress and development among the top nationwide.
” We are establishing a special economic zone that you build a close relationship We are creating a unique economic territory in Forest City in collaboration with Singapore. These indicate that Johor will report a very fast growth, ” he said.
KUALA LUMPUR: Malaysia’s market is estimated to had grown 3. Official advance figures released on Friday ( Apr 19 ) showed that growth in the services sector contributed to a 9.5 % increase in the first quarter of 2024 from a year earlier. The Statistics Department’s preliminary estimates contrasted withContinue Reading
In a bid to end a protracted walkout by junior doctors, South Korea’s prime minister Han Duck-soo announced on Friday ( Apr 19 ) that the government would change its healthcare reform plans to allow medical schools to decide their own admissions for the following year. Following the ruling group’sContinue Reading
The regulation for civil aviation in China announced in a quick statement on Friday that those routes were already in use, adding that it would “further optimize” airport around Fuzhou aircraft starting on May 16. It did not elaborate but the time is four times before Taiwan President-elect Lai Ching-teContinue Reading
China’s legal aviation rules stated in a quick statement on Friday that those routes were already in use, and that it will “further optimize” airspace around Fuzhou airport starting on May 16. It did not elaborate. There was no immediate response from Taiwan’s state, which has recently accused China ofContinue Reading
HONIARA: A prominent Solomon Islands critic of China, the ousted former governor of Malaita province Daniel Suidani, has been reelected, local media reported on Friday ( Apr 19 ), as counting continues in an election being closely watched by China, the US and Australia. The Solomon Islands ‘ initial resultsContinue Reading
The new capital city job is being supported by both Prabowo and Gibran. Gibran has expressed his determination to driving Indonesia’s financial change by advancing state-of-the-art technologies to strengthen the nation’s microscopic, small and medium enterprises. The duo has pledged to turn Nusantara into a “super-hub” to plug into the modern habitat for Indonesia’s economic development.
This language is very similar to President Jokowi’s, whose legacy is the development of Indonesia’s financial and infrastructure to connect the archipelago. However, Prabowo will most likely make a mark on Nusantara by promoting growth in the area’s market.
Given its proximity to the new investment, there has already been progress made with the development of Balikpapan, which would be Nusantara’s major commercial hub, as well as the Makassar New Port initiative, which is expected to be the biggest business port in eastern Indonesia.
Nusantara’s founding is not just an attempt to relocate Java’s administrative headquarters to Kalimantan. A developed Nusantara region will increase commercial traffic that passes through the second archipelagic sea lane, boosting economic interest in eastern Indonesia and providing an alternative route that connects the Indian and Pacific Oceans.
A global maritime hub might emerge right in the middle of the Indo-Pacific if the new president successfully exploits this opportunity.
The S. Rajaratnam School of International Studies ( RSIS ) is home to Gilang Kembara as a research fellow. East Asia Forum first published this commentary.
At a G7 foreign ministers meeting in Italy on Thursday ( Apr 18 ), the United States urged the European countries to put more pressure on China, as Beijing is accused of supporting Russia’s military expansion. The Americans want to see more force from Europe to reduce their military supportContinue Reading