Singaporean Entrepreneurs See Opportunities to Invest in Perak

Perak’s economy has shown overall growth since the transition into the Endemic Phase of Covid-19. And this has opened up opportunities for foreign investment in various sectors.

State Assembly Speaker, Dato’ Mohammad Zahir Abdul Khalid said that Perak was rich in natural resources and has great potential to attract investors, particularly those from Singapore.

“The presence of 100 entrepreneurs from Singapore to the city of Ipoh is a good sign for the recovery of the state’s economy.

“The similarities in culture, tradition, law and the way of communication between Malaysia and Singapore are among the factors that have allowed us to establish close ties for a long time.

“I hope that with their visit to Ipoh, that new opportunities will be seized and business agreements can be signed”, he told Ipoh Echo in a press conference in conjunction with the Bond Holdings and SOEN (Spotlight On Entrepreneurs) Networking Session Dinner at WEIL Hotel, Ipoh yesterday.

Among those present were Former Member of Parliament for Singapore, Muhamad Amrin Muhamad Amin; Bond Holdings CEO Ong Teng Boon and SOEN Founder Joseph Chong.

At the same time, the Mayor of Ipoh, Dato’ Rumaizi Baharin @ Md Daud signed the Singapore-Ipoh Cross-Border Investment for the purchase of 10 units of Bond Suites, Ipoh with Ello Fintech Chief Executive, Steven Lau.

The visit of the Singaporean entrepreneurs attracted the attention of the mayor, who said that the visit was a good development for the economy of Ipoh.

“We are waiting to see what business opportunities SOEN are looking into, with their visit here.

“Based on several presentations, we will focus on the digital industry in addition to business opportunities in the fields of real estate and tourism.

“We will re-discuss and study whether their proposals can provide benefits and advantages to both parties while improving the economy as a whole”, he said.

Meanwhile, Tourism Perak Chairman, Dato’ Mohamed Kamil Dato’ Shafie welcomed the arrival of tourists from abroad, especially from Singapore, who made the city of Ipoh a ‘second home’ for themselves.

“Perak is a state rich in nature. A variety of ecotourism products have been featured and are sure to attract Singaporeans to visit apart from the variety of foods available for partaking.

“Next month, Tourism Perak will be going to Singapore and will use the opportunity to establish bilateral cooperation to improve the tourism sector in the state “, he said.

by Rosli Mansor Ahmad Razali

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