Forest City

Malaysia hopes these SFOs can give the zone an economic purpose beyond a cautionary tale

The construction of Network School will employ a ‘portable template’ that can easily be replicated across the world, says serial tech investor Balaji Srinivasan

Opening a second casino in the country could prompt political backlash from the Malay-Muslim majority

The single-family office programme “aims to attract regional and Malaysian families to manage their family wealth from Malaysia”

While the fundamentals are there, it is too early to tell if the zone could become a regional wealth centre

The real test for the project lies beyond tax incentives – it must attract top talent and build essential infrastructure to secure significant investment and become a competitive financial hub

Analysts expect a slew of fiscal and non-fiscal incentives to lure more residents and human capital to reinvigorate the mixed development project

However, sceptics doubt the move will inject new life into the mega development, citing the lack of specific details

While the Philippines is hot on the city-state’s heels, Thailand may be a dark horse to watch