The Prime Ministers of Malaysia and Singapore have agreed that the Joint Ministerial Committee should explore more ways to enhance collaboration in Iskandar Malaysia for the mutual benefit of both sides.
In a joint statement issued after their retreat meeting, both Mr Najib Razak and Mr Lee Hsien Loong, have directed for a new workgroup on industrial cooperation to be formed under the Joint Ministerial Committee.
The aim is to promote mutually beneficial twinning of economic activities between Iskandar Malaysia and Singapore.
The statement said the Prime Ministers are also pleased with the collaboration between Khazanah Nasional and Temasek Holdings through joint investments in M+S Pte Ltd.
The company has also submitted the design for the Marina South and Ophir-Rochor developments in Singapore for planning approval.
Prime Minister Lee is in Putrajaya for his third retreat meeting with his Malaysian counterpart.
Source : Channel NewsAsia – 5 Jan 2012