Enhancing Johor for offshore firms will pose competition for Singapore

JOHOR will pose competition to Singapore when Labuan offshore companies set up marketing offices in the state, but this can only work to Malaysia's advantage if red tape were to be reduced, Ernst & Young Tax Consultants Sdn Bhd executive director Lee Choong San said. 

He said the government's budget to develop and enhance the attractiveness of Port of Tanjung Pelepas, Sultan Ismail International Airport and other business entities to transform Johor into a regional hub would enable Labuan offshore companies to export products to global markets, and bypassing service hubs like Singapore and Hong Kong.