Johor Is The Top Investment Hub In Malaysia

according to Malaysian Investment Development Authority

sourced from NST online

By Rudy Fazrunisyam Samarudin

JOHOR BARU: Prime Minister Datuk Seri Najib Razak and his Singaporean counterpart Lee Hsien Loong did not discuss the Vehicle Entry Permit (VEP) issue during the latter’s visit to the republic last Wednesday.

Johor Menteri Besar Datuk Seri Mohamed Khaled Nordin said the issue was not raised when Najib and Lee jointly launched the Agrobazaar, a one-stop centre for Malaysian agro-based products from the Federal Agricultural and Marketing Authority, in the republic.

“The Federal government has a stand on the issue, and this will be announced in the near future,” he said at the opening of the state-level Exporters Forum organised by the Malaysia External Trade Development Corporation (MATRADE) on Thursday.

On July 16, the government had given the green light for a VEP fee to be imposed on foreign-registered vehicles entering Johor. However, the rate and date of implementation have yet to be announced.

Collection from the VEP will be shared by the Federal and state governments.

In his speech at the forum, Khaled said Johor was on the right track to become the preferred investment destination with RM14.9 billion in investment recorded from January to May this year in the state.

Malaysian Investment Development Authority (MIDA) statistics place Johor as the top investment hub in the country followed by Pahang and Sarawak.