MALAYSIA'S Iskandar Development Region (IDR) can complement Singapore, said Citi, but the US investment bank has raised concerns on the speed of project implementation and their commercial potential.So far, Singapore investors have committed to invest RM2.68 billion in IDR, mostly in the manufacturing sector.
"It may seem that IDR is a competitor to Singapore (which is also targeting services sectors), but there are possible synergies given different target markets and price points," said economists Kit Wei Zheng and Renuka Devi Rajaratnam. Full Story
