Interest rising among firms seeking to enter Johor-Singapore SEZ ahead of deal signing

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One such F&amp, B player, North Korean shop Paris Baguette, said it hopes to touch the Says to increase its market presence in the region.

In Johor, it produces frozen versions of its cakes and seeks to expand its approach to the Muslim business. &nbsp,

The company now occupies 16, 000sqm of property in Johor for its production facility, its first and only halal-certified shop. Additionally, it plans to purchase an additional 24, 000 square feet of area close to this shop for expansion.

A more uniformized regulatory compliance schedule, perhaps for the companies operating in the SEZ zone, is another thing we even want, according to Ms. Hana Lee, CEO of Paris Baguette SEA.

” Maybe that will likewise help us to improve some ongoing businesses and let us concentrate on our development rather than all these more complicated processes.”

When the business decided to establish a production facility in Johor, it took into account the company’s decision to do so with greater ease in attracting and operating at a lower cost than in Singapore, Ms Lee noted.

Mr. Chua added that in Singapore, labor and book are” a little bit higher” than in Malaysia.

” For many businesses, when they plan and if their business model allows them to work in Malaysia and apply Malaysia as a new land where they can grow their businesses,” he continued.” They will definitely save money because some of the products and things that they do does… come back to Singapore and gain Singapore since well,” he continued.