Lego and Del Monte keen to invest in Johor


MERSING: The Johor government is currently in discussion with two major international companies to invest in the state, says Mentri Besar Datuk Hasni Mohammad (pic).

He said the state government had been getting positive enquiries from well-known and established companies expressing their intention to invest here.

“This is a very good sign and once the state government has prepared a standard operating procedure (SOP) for foreign investors, coupled with the reopening of our border with Singapore, we will be able to recover quickly from the economic slowdown due to the Covid-19 pandemic, ” he said.

Hasni said the two companies were Lego and Del Monte.

“Lego has expressed its wishes to relocate its manufacturing operation in China to Johor.

“Del Monte owns a pineapple plantation in the Philippines. They can come and invest here as we have more than 70 years of experience in the pineapple industry, ”

he said during his speech to Felda settlers at Dewan Orang Ramai Felda Tenggaroh Timur 1 here yesterday.

Hasni noted that it was important for Johor’s economy to bounce back from the economic slowdown. He said the state’s economic development also depended on Singapore as its biggest foreign investor.

“This is why the state government must act fast because the unemployment rate here will continue to rise the longer we keep our border close.

“With both Malaysia and Singapore agreeing to reopen our border in phases, it can help not only Malaysian workers but also both economies to recover, ” he said.

On Thursday, Foreign Minister Datuk Seri Hishammuddin Hussein said only 2,000 Malaysians and Singaporeans were allowed to cross daily under the Periodic Commuting Arrangement (PCA) as both countries gradually reopen the border.

He said that under the Reciprocal Green Lane category, only 400 Malaysians and Singaporeans could travel to and fro between the two countries a week.

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Lego , Del Monte , Covid-19 , economic , investment

   

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