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Johor to get RM500mil investment from Japanese company

Johor will get new investment inflow worth RM500mil from a Japanese multinational corporation that is keen to undertake operations based in Tanjung Langsat, near Batu Pahat.

Mentri Besar Datuk Mohamed Khaled Nordin said that the Japanese company was interested to set up operations at the Tanjung Langsat industrial area in Pasir Gudang.

This area is dedicated to petrochemical and oleochemical-based related activities.

“We are going to Japan in two weeks’ time to meet with the company and also with other potential investors,“ said Mohamed Khaled.

Iskandar’s emerging mall landscape

When Iskandar Malaysia was first planned, the aspirations were regional rather than local. Among others, the government saw it as a hub for entertainment, education, medical services and, of course, shopping.

While there may have been glitches and delays in the development of some sectors in Iskandar, the mall scene is thriving despite a softening economy. The malls are changing the retail landscape of Malaysia and Asean as well.

Malaysia’s Johor region looks to foster residential demand

Real estate developers are quietly optimistic that new projects and a steady flow of investments into Iskandar Malaysia, the multi-purpose development zone in the southern state of Johor, will boost investor interest in property in the region, particularly in the overstocked residential segment.

Riding on South-east Asia's growth

WITH its proximity to the huge markets of India, China and Japan, South-east Asia is well positioned to benefit from global trade flows. The region itself had a combined gross domestic product (GDP) of more than S$3 trillion in 2013 - the third largest combined GDP in Asia. This has been projected to grow by more than 5 per cent annually from 2014 to 2018.

Global business attracts new customer service talent to Johor

Thirty-two people in a first talent development programme have successfully completed their training and are now employed in the Brandt International Global Business Services delivery centre in 1Medini Hub, Nusajaya, Johor.

This inaugural programme was carried out in partnership with Multimedia Development Corporation (MDeC) and i2M Ventures Sdn Bhd (i2M).

The idea was to create 50 jobs for customer management executives in 1Medini Hub with a view to providing professional development and opportunities for growth in Iskandar Malaysia.

Medini, TM In JV For Smart City Initiative

Medini Iskandar Malaysia Sdn Bhd has signed its first telecommunications agreement with Telekom Malaysia Bhd (TM) to establish a jointventure (JV) company that provides information and communications technology (ICT) services.

The signing ceremony was held at the sidelines of the 11th World Islamic Economic Forum in Kuala Lumpur yesterday.

The partnership agreement was executed through Medini’s wholly owned subsidiary, Township Management Services Sdn Bhd (TMSSB), and Intelsec Sdn Bhd, TM’s wholly owned subsidiary, with a capital injection of RM50 million.

Johor Biotech Park to be first integrated halal park in the state

KUALA LUMPUR: Johor Biotech Park, a 141.64ha project by United Malayan Land Bhd (UMLand) and Johor Biotechnology and Biodiversity Corp (J-Biotech), is poised to be the first integrated halal park in Johor.

Senai Airport leases land to Fuji Oil

Senai Airport City Sdn Bhd (SACSB), a wholly owned subsidiary of MMC Corp Bhd, has leased a parcel of its industrial land measuring about 10ha in Senai Airport City (SAC), Iskandar Malaysia, Johor, to Fuji Oil Asia Pte Ltd (FOAPL) for RM53.9mil.

FOAPL, a subsidiary of Fuji Oil Group with its headquarters in Osaka, Japan, is a global supplier of intermediate food ingredients, particularly in specialty oil and fats, confectionary and bakery, soy protein and its related consumer food products.

Andhra CM holds talks with Malaysian agency in Singapore

The Andhra Pradesh Chief Minister, N Chandrababu Naidu, today held talks with a delegation from Iskandar Medini Development Authority, Malaysia on various issues relating to capital development.

Naidu is leading a delegation, which includes State Finance Minister Yanamala Ramakrishndu, to Singapore, seeking to invite Singapore Prime Minister for the capital foundation stone ceremony on October 22.

Funding specialist Bibby Financial expands in Asia

Funding specialist Bibby Financial Services (BFS) expands operation in Asia, offering 

factor financing to Singapore's small and medium enterprises with operations across the Causeway to Malaysia.

The company opened in July an office in Iskandar Malaysia with the plan to provide factor financing to Singapore SMEs.

Currently, the Iskandar branch is working with Bibby’s existing clientele.  It will finance subsidiaries and offices in Malaysia by providing cash flow solutions through accounts receivables financing such as factoring and invoice discounting.

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