Forest City first location in Malaysia to offer zero tax rate for family offices

ISKANDAR PUTERI: Forest City will be the first location in Malaysia to offer a 0% tax rate for family offices, says Datuk Seri Amir Hamzah Azizan. The Finance Minister II added that the 0% tax rate for family offices was among a competitive package of incentives to make Forest City a magnet for international capital. “This includes...

Mahkota polls: Rice aid was distributed before Mahkota campaign started, says Ahmad Maslan

KLUANG: The rice aid under the Bantuan Kasih Johor initiative was distributed before the Mahkota by-election campaign started, says Datuk Seri Ahmad Maslan (pic). The Umno supreme council member dismissed claims that the state government initiative is being used to woo voters in the Mahkota by-election. "We did not distribute the rice during the by-election; it was...

Johor moots making Special Financial Zone a part of JS-SEZ

JOHOR BARU: Johor has proposed making the Forest City Special Financial Zone (SFZ) a part of the Johor-Singapore Special Economic Zone (JS-SEZ). State investment, trade, consumer affairs and human resources committee chairman Lee Ting Han said the matter had been discussed internally and would be brought up for discussion in the JS-SEZ working group. He said that...

Several police reports lodged over casino licence article, says Fahmi

HULU SELANGOR: Several police reports have been lodged over articles by Bloomberg claiming that several parties are in talks with the government about opening a casino in Forest City, Johor, said Fahmi Fadzil. “I haven’t received detailed information, but we have a Cabinet meeting soon and maybe after that. “I was made to understand that several police...

Johor considers creating Second Link lane for Forest City special financial zone

ISKANDAR PUTERI: Johor is considering designating a lane for those travelling to and fro the special financial zone (SFZ) in the Forest City at the Immigration checkpoint of the Second Link here. State works, transportation and infrastructure committee chairman Mohamad Fazli Mohamad Salleh said the move could smoothen the traffic flow at the bridge connecting Malaysia...