Business organisations welcome move to set up Jico

Teh said Jico must be used to attract foreign direct investment into Johor.

JOHOR BARU: Johor-based business organisations lauded the decision by the state government to set up the Johor Investment Co (Jico) in Singapore.

Johor Indian Business Association president P. Sivakumar said the setting up of Jico was a move in the right direction as Johor would benefit from Singapore’s position as the international trade and financial hub.