Malaysia and Singapore announced on Tuesday an agreement on a special economic zone in the southern Malaysian state of Johor, aiming to support investment and free up movement of goods and people between the countries.

Malaysia and Singapore leaders have signed an agreement to create a special economic zone to attract global investment and ease the cross-border flow of goods and people

While Singapore has one of the lowest corporate income tax rates in the region at 17%, companies in Malaysia pay between 15% and 24%. "Malaysia and Singapore agree to special economic zone in Johor" was originally created and published by Investment Monitor, a GlobalData owned brand.

The Johor-Singapore Special Economic Zone (JS-SEZ) agreement was signed by leaders from Singapore (Lawrence Wong) and Malaysia (Anwar Ibrahim) in Kuala Lumpur on January 11. This signing came as part of the 11th Malaysia-Singapore leaders retreat and came nearly a year after a memorandum of understanding (MOU) was inked,

Malaysia and Singapore have agreed to create a special economic zone in Johor. The initiative aims to foster investment and ease the movement of goods and people. The project promises high-value investments,

Malaysia unveiled a slew of tax incentives to lure investors to its joint special economic zone with Singapore that seeks to add $26 billion per year to the Malaysian economy by 2030.