by NUR HAZIQAH A MALEK / pic by BLOOMBERG
THE Malaysia-Singapore Business Council (MSBC) strongly urges the government of both countries to expedite business travel arrangements between the two countries’ to accelerate and support the economic recovery.
In a statement today the council said the reopening of the border between the countries is vital to ease the mobility of business community
“The council encouraged the efforts put forth by the two governments in recognising each other’s Covid-19 vaccine certificates, from the angle to facilitate cross-border travel between Malaysia and Singapore,” said MSBC in a statement today.
MSBC has established a private sector task force headed by co-chairs of MSBC to compile business inputs from businesses based in both countries for submission to the governments.
MSBC chairman Datuk Seri Dr Nik Norzrul Thani said the business ties are significant for the region.
“Malaysia-Singapore business ties are significant for the region and the council is committed to helping our governments in speeding up the economic recovery between the two countries,” he said during the 22nd joint meeting of the MSBC on July 1 via a virtual platform.
YCH Group chairman Dr Robert Yap also supported the sentiment during the virtual meeting.
“We hope through the collective feedback that we will gather, MSBC will strive and continue to work as a team to go further together,” he said.
MSBC was first established in July 2004 to promote business and investment activities between Singapore and Malaysia, providing the business communities of both countries a useful platform to initiate joint projects for the countries’ mutual benefit and growth.
In May 2021, Malaysia’s exports expanded by 47.3% year-on-year to RM92.3 billion, which is a consequence of higher exports to Singapore which increased by RM4.1 billion.
Higher imports were also recorded from Singapore which grew RM2.6 billion, placing second after China.