The leaders of Malaysia and Singapore formalized an agreement establishing a special economic zone linking their two nations’ border region, with the aim of attracting 50 projects in the first five years of its establishment.

OCBC Bank and UOB were singled out “given their well-entrenched Malaysian and Asean footprint”. Read more at straitstimes.com.

KUALA LUMPUR, Malaysia (AP) — Malaysia and Singapore leaders signed an agreement on Tuesday to create a special economic zone to attract global investment and ease the cross-border flow of goods and people.