23rd Joint Meeting of the Malaysia-Singapore Business Council Identifies Innovation and Sustainability as Key Areas of Collaboration

The 23rd Joint Meeting of the Malaysia-Singapore Business Council (MSBC) was co-chaired by Dr Robert Yap, Executive Chairman of YCH Group, and YBhg Datuk Seri Dr Nik Norzrul Thani, Chairman and Senior Partner of Zaid Ibrahim & Co. and held at the SBF Center earlier this week. 

Established in July 2004 to promote business and investment activities between Singapore and Malaysia, the MSBC continues to serve as a useful collaboration platform for the business communities of both countries to initiate mutually beneficial projects and explore joint opportunities for business and investments.

As the private sector conduit for Malaysian and Singaporean businesses, MSBC will work with the business and industrial communities in highlighting to the respective governments the need for compatibility within the two countries in any environmental, social, and corporate governance (ESG) standards moving forward.

Dr Robert Yap said, “As global economies recover from the pandemic, business activities are also on the rise. Based on results of an Internationalisation survey conducted by SBF last year, despite the global uncertainty impacting supply chain, energy prices, availability of raw materials and rising costs of living - Malaysia continues to be one of the top three markets that Singapore businesses are looking at expanding into within the short term. I am confident that the MSBC will continue to be an important platform to promote opportunities for business and investment in the focus areas between Singapore and Malaysia.” 

YBhg Datuk Seri Dr Nik Norzrul Thani said, “Given the surging global economic uncertainty with the rise in geopolitical tension and the expectations of recession, it is important for both businesses in Malaysia and Singapore to continue to work together and explore collaboration on areas such as agricultural technology and green and circular economy through MSBC by leveraging and complimenting each other for the betterment of the two countries.”

Friday, 4 November 2022