ISKANDAR MALAYSIA’S INVESTMENT INCENTIVE PACKAGE IN COMPLIANCE WITH INTERNATIONAL TAX STANDARDS

ISKANDAR MALAYSIA, MONDAY 2 July, 2018 – In line with Malaysia’s commitment to adhere with international tax standards, Iskandar Malaysia’s investment incentive package for Medini (formerly known as “node one”) is currently being reviewed to ensure full compliance with requirements under the Forum on Harmful Tax Practices (FHTP), Base Erosion and Profit Shifting (BEPS) Action Plan set forth by the Organisation of Economic Co-operation and Development (OECD). The review of the package entails amendments to the existing tax legislations in general and related to the [...]

Transport Minister: RM4bil Rapid Transit System project in Johor to continue (The Star, June 1, 2018)

Transport Minister Anthony Loke says a number of mega projects as well as high-impact projects related to the transport industry will be continued, despite the country facing economic uncertainty. This, he said, includes the Rapid Transit System (RTS) involving the Bukit Cagar, Johor to Woodlands, Singapore route, at a cost of RM4 billion, as it can help alleviate traffic congestion along the Johor Causeway. “We will press on, but the construction mechanism has to be reviewed in order to speed up [...]

Pulau hutan bakau jadi tarikan pengunjung (Utusan Malaysia, May 18, 2018)

Menurut legenda, Taman Negara Johor Pulau Kukup (TNJPK) di sini asalnya merupakan sebuah pulau yang cantik dan menjadi tempat tinggal lima puteri bunian de­ngan menjadikan pulau itu sebagai tempat bermain dan bergurau senda. Bagaimanapun seorang puteri dikatakan jatuh hati dengan seorang pedagang yang singgah di pulau tersebut namun dibantah empat lagi puteri, tetapi puteri berkenaan tetap berkahwin de­ngan pedagang itu. Akibatnya keempat-empat pu­teri tersebut berpakat mele­nyap­kan TNJPK. Diceritakan apa­bila muncul kembali selang beberapa tahun, pulau tersebut telah ditumbuhi paya bakau dan [...]

Sungai Johor – Johor’s Lifeline (The Iskandarian, 19 May 2018)

Sungai Johor begins in Gunung Gemeruh, ends its 122.7 km journey in the Tebrau Strait and is an important source of freshwater to both Malaysia and Singapore. The river system historically allowed locals and new settlers to travel from the coast to the hills, supporting the growth of new towns along its banks. The river basin makes up 14% of Johor state and within it lie countless natural treasures that we have hardly begun to discover. Sungai Johor was once [...]

Johor to strengthen role as leading investment destination (The Star, May 30, 2018)

Johor wants to attract more investors for the high-technology and halal industries to strengthen and develop its position as the leading investment destination in Malaysia. International Trade, Investment and Utilities Committee chairman Jimmy Puah Wee Tse said Johor has the right eco-system to emerge as the new economic powerhouse in the region. “We want to assure investors from all over the world that the Pakatan Harapan state government is investor-friendly,” he said at the opening of the RM300mil phase two expansion [...]

IRDA introduces development plan for Kulai, Sedenak; seeks public feedback (NST, May 31, 2018)

The Iskandar Regional Development Authority (IRDA) has introduced a development plan for the Kulai and Sedenak areas, both which are part of the Sedenak Digital Valley development. Known as the Kulai Sedenak Special Area Plan 2025, the plan would outline development projects in the area until the year 2025. IRDA’s head of planning and compliance Maimunah Jaafar said the plan encompasses an area of about 19,982 hectares, which are currently used mainly for agriculture. “There is not much development taking place in [...]

ISKANDAR MALAYSIA RECORDED RM9.33 BILLION COMMITED INVESTMENTS FOR QUARTER 1 2018 Optimistic to achieve 2025 investment target

Iskandar Regional Development Authority (IRDA) today announced that Iskandar Malaysia had recorded committed investments of RM9.33 billion in the Quarter 1 of 2018, bringing the total cumulative committed investments to RM262.43 billion from 2006 until 31 March 2018. Of this total, 59% or RM153.54 billion represent investments that have been realized. To date, local investors had contributed RM160 billion (61%) to the total cumulative committed investments while the balance RM102 billion (39%) were contributed by foreign investors. The top five countries with [...]

COMMUNITY AND PUBLIC RECEIVE INFORMATION AND UPDATES ON ISKANDAR MALAYSIA BUS RAPID TRANSIT (IMBRT)

ISKANDAR MALAYSIA, TUESDAY, 27 MARCH 2018: The first Iskandar Malaysia Bus Rapid Transit (IMBRT) information booth was officially launched today by Johor State Executive Council for Public Works, Rural and Regional Development, YB Datuk Ir. Haji Hasni bin Hj Mohammad at Larkin Sentral. This initiative is dedicated to give the Rakyat the information and updates on the IMBRT project, leading up to its operations in 2021. The display will be in Larkin Sentral from 27 March till 31 December 2018. [...]

ISKANDAR MALAYSIA GEARING TOWARDS HIGH INCOME NATION: Memorandum of Cooperation between IRDA and Crescendo International College to strengthen talent supply in the region

ISKANDAR MALAYSIA, TUESDAY, 27 MARCH 2018: Iskandar Regional Development Authority (IRDA) and Crescendo International College (CIC) today signed a Memorandum of Cooperation under the Iskandar Malaysia Professional Certification (IMPC) programme to produce more accounting professionals through CIC’s Future Accounting Professional (FAP) programme at Amari Johor Bahru Hotel. Datuk Ismail Ibrahim, Chief Executive of IRDA indicated that the partnership between IRDA and CIC is indeed very innovative and effective. “Through this collaboration there are more opportunities and options in the career path [...]

ISKANDAR MALAYSIA TO HIGHLIGHT IMPLEMENTATION OF NEW URBAN AGENDA AT THE 9TH WORLD URBAN FORUM – Focus of showcase will be on Urban Observatory, Smart City, Low Carbon Society and Social Development Initiatives

KUALA LUMPUR, 11 FEBRUARY 2018, SUNDAY: Iskandar Malaysia is making its first appearance at the 9th World Urban Forum in Kuala Lumpur, from 7 to 13 February, highlighting its various internationally recognized initiatives in the field of urban development since its inception more than a decade ago. “The World Urban Forum is an event of global proportion and this year’s theme of ‘Cities 2030 – Cities for All: Implementing the New Urban Agenda’ makes it the perfect platform for Iskandar [...]