Malaysia and Singapore agree to strengthen investment and trade cooperation

KUALA LUMPUR: Malaysia and Singapore have agreed to further strengthen cooperation in the fields of investment and trade, with a focus on key bilateral projects, said Datuk Seri Anwar Ibrahim.
The Prime Minister said the agreement was reached during his meeting with his Singaporean counterpart, Lawrence Wong, on the sidelines of the 46th ASEAN Summit at the Kuala Lumpur Convention Centre today.
'Prime Minister Lawrence and I expressed our commitment to further enhance cooperation in investment and trade, apart from focusing on key projects such as the JS-SEZ and the RTS Link,' he said in a statement.
Also present at the meeting were Foreign Minister Datuk Seri Mohamad Hasan, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz and Singapore Foreign Minister Dr Vivian Balakrishnan.
According to Anwar, he and Wong also agreed to expand cooperation in the areas of the digital economy, sustainable energy and the ASEAN Power Grid.
'Malaysia and Singapore also agreed to resolve bilateral issues constructively for the mutual benefit of both nations and to maintain long-term harmonious relations,' Anwar added.
Wong arrived yesterday to attend the 46th ASEAN Summit today and the 2nd ASEAN-Gulf Cooperation Council (GCC) Summit and the inaugural ASEAN-GCC-China Summit at the same venue tomorrow.
The 46th ASEAN Summit is held under the ASEAN 2025 Chairmanship theme 'Inclusivity and Sustainability', and it marks the fifth time Malaysia is chairing ASEAN, following its previous chairmanships in 1977, 1997, 2005 and 2015.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

The Star

an hour ago

• The Star

Asean News Headlines at 10pm on Saturday (June 21, 2025)

Malaysia: * Malaysian Embassy in Iran to temporarily cease operations * Do not take Israel-Iran conflict lightly, says Defence Minister * Anwar gets clean bill of health in check-up, says Serdang hospital director * Two injured as lorry carrying LPG cylinders catches fire in Sandakan * Perak Mentri Besar urges calm over mysterious tremors * CCTV examined in probe of fatal Klang shooting * Police to maintain trust under Mohd Khalid's watch, says Ahmad Zahid * KLIA Aerotrain set to resume service on July 1 * PKR clarifies new IGP not PKR member * Three Malaysian haj pilgrims die from heart attacks in Saudi * Malaysian DPM Fadillah arrives in Tashkent for official visit to Uzbekistan * Viral video of bullying at school prompts police investigation * WhatsApp to the rescue: Lost teens found after sharing location with Bomba * Penang cops round up 46 foreign workers for rioting at hostel * Nurul Izzah, Saifuddin Nasution appointed PKR's election directors, says Fahmi * More than 10,000 given Community Service Orders from 2008 to 2024, says Nancy Shukri Participants perform yoga on International Day of Yoga in Nusa Dua, Bali, Indonesia, Saturday, June 21, 2025.-- AP Photo/Firdia Lisnawati Singapore: * Nine months' jail for former primary school teacher in Singapore who touched seven-year-old pupil in class * Man dies after collapsing at Singapore's National Day Parade rehearsal * 'Traumatised': 65-year-old man injured by falling concrete in toilet of Yishun HDB home in Singapore * Singapore PM Wong to visit China, where he will discuss cooperation to strengthen rules-based order * 82 people nabbed after anti-drug bust, more than S$132,000 worth of drugs seized in Singapore * Motorists can expect three-hour wait to clear customs at Singapore's Woodlands Checkpoint: ICA Indonesia: * Sign of sovereignty: Prabowo skips G-7 for Russia, drawing scrutiny over Indonesia's neutrality * Bomb threat diverts plane with hundreds of haj pilgrims in Indonesia, second in days * Indonesia evacuates 100 citizens from Iran and Israel amid regional tensions * 83 Indonesians fall victim to human trafficking to European countries * Oil prices settle lower at the weekend as US sanctions ease fears of escalation in Iran * Actress-singer Fazura prefers to leave legals issues to lawyers; prefers to concentrate on new single composed by Indonesian ace Ade Govinda People perform yoga with puppies on International Yoga Day, in Bangkok, Thailand, on Saturday, June 21, 2025. -- Photo: REUTERS/Chalinee Thirasupa Thailand: * Thai PM will not resign or dissolve parliament, official says * GOF foils attempt to smuggle 19,000kg of white rice from Thailand * Thai-Cambodian border remains calm, confirms 2nd Army Region chief * Monsoon intensifies: heavy rain and strong winds expected across Thailand * Thai special operations centre unveils five strategies to aid farmers hit by Cambodia's import ban * Prey releases help tiger population bounce back in Thailand Philippines: * China and Philippines report encounter in South China Sea * Taiwan welcomes Philippines' visa-free entry for tourists * Japan-US-Philippines coast guards simulate crisis amid China threat * Philippines Navy seizes 10 billion pesos meth haul at sea Vietnamese farmers transport harvested lychees to sell to traders at a wholesale market in Luc Ngan district of Vietnam's Bac Giang province. --Photo by Nhac NGUYEN / AFP Vietnam: * Asian universities show strong gains in global impact ranking - 22 in this region are among the Top 50 in the world * Ho Chi Minh: a journalist of the highest standing * The voices of Vietnam's wartime press * Second National Press Forum in Vietnam elevates strategic vision for revolutionary press Myanmar: * Russia signs investment deal with Myanmar, sees offshore oil and gas prospects * As the UN turns 80, its crucial humanitarian aid work faces a clouded future * Ramos-Horta: Timor Leste ready to contribute to regional stability; full faith on Asean leaders to help country's growth * Thai monk arrested in disguise for repeatedly providing shelter to illegal Burmese workers Dancers prepare to perform during the Eksotika Bromo cultural event near Mount Bromo in Probolinggo, in East Java on Saturday, June 21, 2025. -- Photo by JUNI KRISWANTO / AFP Cambodia: * Thai envoy recalled from Phnom Penh for consultations, ties not severed * Cambodia's Hun Sen warns Thailand on oil export suspension * Hun Sen shares photos of Paetongtarn visiting former PM's rooms in Phnom Penh * Cambodian DPM urges investors to maximise benefits from Regional Comprehensive Economic Partnership, bilateral free trade agreements Laos: * Laos gears up to mark 75th anniversary of Lao Front for National Development * Laos, China forge partnership to facilitate cross-border transport, trade Brunei: * Labour Department uncovers violations in Kampong Tagap, Brunei * Programme fosters ethical, inclusive and resilient businesses in Brunei Philippine Navy sailors stand in formation as the Japan Maritime Self-Defense Force ensign on board the JS Ise, a Hyuga-class helicopter destroyer, is seen during a welcoming ceremony at the international port in Manila on Saturday, June 21, 2025. The Ise and Suzunami are on a three-day port call in the Philippine capital. -- Photo by Ted ALJIBE / AFP AseanPlus: * WEF Asean 2025 highlights regional resolution on women's empowerment * Body of foreign woman found with head injuries in Bandar Tasik Puteri, cops open murder probe * Ejen Ali 2 continues its amazing run as producers now hoping for mission accomplished with an impressive RM65mil haul * Malaysian singer-songwriter Khai Bahar unveils his new stirring single and its all set to hit the South-East Asian market * Pro shuttler Yew Sin marries former Japanese ace Aya Ohori in Melaka * Sarawak's multicultural heritage shines at Gawai parade * Asean shoppers embrace online app-eal * Chinese team's edible fruit coating can more than double shelf life: paper * Staff at second-hand luxury stores in Hong Kong fear for safety after robbery * India's watchdog warns Air India for breaching pilots' flight duty timings * Will return of Indian pilgrims to Tibet help ease tensions with China? * Trump says he will decide on US involvement in Iran within two weeks * Toyota to raise US auto prices by more than US$200 from July * Six public universities in Hong Kong rise in global rankings * Yoga gives world the direction of peace: India's PM Modi * Lightning strikes kill four children in India's Uttar Pradesh * Sri Lanka deports dozens of Chinese cybercrime suspects * Tesla to build first grid-scale power plant in China * South Korea says defence spending against GDP already 'very high' * China's influence is growing in Central Asia. What does that mean for Russia? * G7 summit wraps with statements on AI, critical minerals, but not Ukraine * After tight-lipped talks in London, the US-China silence speaks volumes * Japan scraps US meeting after Washington demands more defence spending - FT * A very costly bowl of rice - The price of rice doubled in Japan in the 12 months to May * India says it will never restore Indus water treaty with Pakistan * No tensions with New Zealand, says Xi * China's top HK official says security will ensure city's success * 30,000 evacuated as floods overwhelm Huaiji county in China * Will US actively join Israel against Iran? Pentagon chief stays mum * Pakistan to nominate Trump for Nobel Peace Prize * Last member of K-pop megaband BTS to finish military service * 'Money in 30 minutes': why it gets ugly for Hongkongers turning to loan sharks * China offers to be peacemaker in Iran-Israel war, but is unlikely to intervene * Ant Group pushes wider adoption of AI-enabled smart glasses for mobile payments * World Bank approves US$640mil for Bangladesh to improve gas supply, air quality * Squash - It's heartbreak again for Rachel after losing in final of Asian Championships

The Sun

2 hours ago

• The Sun

Google's RM9.4 billion AI, cloud investment to boost Malaysia

KUALA LUMPUR: Tech giant Google's investment in Malaysia is expected to continue driving Malaysia's artificial intelligence (AI) and cloud computing economy. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, who is currently on a working visit to Washington, United States, met with Google representatives to discuss how the company can continue to drive AI development in Malaysia, strengthen cybersecurity and invest in digital skills. 'The government is committed to providing full support and ensuring a conducive investment climate for high-quality investments,' he said in a Facebook post. He added that Google's strategic investment of RM9.4 billion to set up its first data centre and Google Cloud region in Malaysia is expected to generate RM15.04 billion in long-term economic impact and create 26,500 jobs by 2030. 'Thank you, Google, for your continued confidence in Malaysia. Together, we are building a brighter digital future,' he said.

The Sun

2 hours ago

• The Sun

Google's investment to continue driving Malaysia's AI economy, strengthening cybersecurity

KUALA LUMPUR: Tech giant Google's investment in Malaysia is expected to continue driving Malaysia's artificial intelligence (AI) and cloud computing economy. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, who is currently on a working visit to Washington, United States, met with Google representatives to discuss how the company can continue to drive AI development in Malaysia, strengthen cybersecurity and invest in digital skills. 'The government is committed to providing full support and ensuring a conducive investment climate for high-quality investments,' he said in a Facebook post. He added that Google's strategic investment of RM9.4 billion to set up its first data centre and Google Cloud region in Malaysia is expected to generate RM15.04 billion in long-term economic impact and create 26,500 jobs by 2030. 'Thank you, Google, for your continued confidence in Malaysia. Together, we are building a brighter digital future,' he said.