SHANGHAI, July 2, 2026 /PRNewswire/ — Infineon Technologies was forced to remove certain gallium nitride (GaN) products from its exhibition booth at electronica China 2026 after the products were identified by Innoscience as being subject to a Chinese court injunction prohibiting their sale, offer for sale, and importation in mainland China. The removal took place during the exhibition following intervention by the on-site intellectual property dispute mediation authorities.
Court Previously Found Patent Infringement and Issued Immediate Injunction
The dispute stems from patent litigation initiated by Innoscience in late 2024 before the Suzhou Intermediate People’s Court against Infineon Technologies (China) Co., Ltd., Infineon Technologies (Wuxi) Co., Ltd., and related distributors, alleging infringement of two core GaN invention patents.
On May 27, 2026, the Suzhou Intermediate People’s Court issued its first-instance judgment, finding that Infineon had infringed Innoscience’s two invention patents covering GaN technology. The court ordered Infineon to immediately cease the sale, offer for sale, and importation of the infringing products and awarded Innoscience RMB 10 million in damages.
At the same time, the court issued two preliminary injunctions requiring the immediate suspension of the sale, offer for sale, and importation of the accused products pending the final effectiveness of the judgment.
China’s Supreme People’s Court Upheld the Injunction
Infineon subsequently applied to the Supreme People’s Court of China for reconsideration of the preliminary injunctions.
On June 12, 2026, the Supreme People’s Court rejected Infineon’s applications in their entirety and upheld the injunctions issued by the Suzhou Intermediate People’s Court.
As a result, the injunctions remain in full force, and the relevant GaN products covered by the court orders are prohibited from being sold, offered for sale, or imported into mainland China. Under the applicable legal procedures, the Supreme People’s Court’s reconsideration decision is final.
Court-Enjoined Products Displayed at electronica China
Less than three weeks after the Supreme People’s Court upheld the injunctions, Infineon displayed GaN products covered by the court orders at electronica China, which opened in Shanghai on July 1, 2026.
After identifying the products at the exhibition, Innoscience submitted a complaint to the on-site representatives of the Shanghai Pudong Intellectual Property Dispute People’s Mediation Committee, requesting that the products be removed from display.
Following a review of the judicial decisions, hearing submissions from both parties, and conducting an on-site inspection of the booth, the mediation personnel supported Innoscience’s request. Infineon subsequently removed the relevant products from display during the exhibition.
Respect for Judicial Decisions and Intellectual Property Rights
Innoscience stated that, as a global semiconductor company operating extensively in China, Infineon is expected to comply with applicable Chinese laws and judicial decisions.
The exhibition of products covered by effective court injunctions, after both the first-instance court and the Supreme People’s Court had ruled on the matter, underscores the importance of respecting judicial decisions and intellectual property rights.
Innoscience reaffirmed its commitment to protecting its proprietary GaN technologies and enforcing its intellectual property rights through legal channels worldwide.
In the news release, Nuvei Completes First-Party In-Agent Payment with Visa; Unveils Merchant-Led Agentic Payments Strategy, issued 02-Jul-2026 by Nuvei over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:
First live in-agent purchase authorized across multiple issuers on Visa rails
Nuvei Agentic delivers what merchants asked for: first-party agent capabilities today, third-party agents when the market demands
MONTREAL, July 2, 2026 /PRNewswire/ — Nuvei, the global fintech building the infrastructure for every payment, everywhere, today completed a live agentic-commerce proof of concept with Visa, Arvato Systems, and fashion brand Kings and Priests. In the transaction, a merchant’s AI agent initiated a product purchase on a shopper’s behalf and paid inside the agent, with no hand-off to a separate payment flow. Multiple issuers across Europe took part completing agentic payments settled on live Visa rails using a tokenized Visa credential within Visa Intelligent Commerce. These were governed by shopper-set guardrails, including spend caps and approved categories.
The proof of concept moves agentic commerce beyond discovery by keeping the purchase, authorization, and payment inside the first-party agent. It also establishes a proof point for Nuvei Agentic: a protocol-agnostic execution layer any AI agent can call to pay.
“Agentic commerce is the next evolution of digital commerce, with AI not just finding products but initiating purchases,” said Phil Fayer, Chair and CEO of Nuvei. “This proof of concept starts inside a merchant’s own experience and points to where payments are heading: a layer that lets any agent, on any protocol, make a payment.”
The strategy reflects what merchants are asking for. At Nuvei’s Global Customer Advisory Board this week, merchants identified first-party agentic capabilities as the immediate priority, with the same controls extending to public, third-party agents as the market develops.
With the proof of concept complete, Nuvei, Visa, and the participating issuing partners are now working to scale these capabilities toward production.
Nuvei brings together an Agentic Payment Ecosystem
The proof of concept brought together merchant technology provider Arvato Systems, fashion brand Kings and Priests, and issuing partners across Europe, including Alpha Bank, Piraeus Bank, Bank Leumi, CAL, MAX, and Bank of Cyprus.
“Through Visa Agentic Ready, we are extending existing capabilities — including tokenization and network-level controls — to enable agent-initiated payments in a trusted and consistent way,” commented Mathieu Altwegg, Head of Product & Solutions, Visa Europe. “This proof of concept shows how those foundations can support new experiences today, with authentication continuing to evolve as the model scales.”
“This proof of concept shows how the payments ecosystem can enable AI-driven purchasing while preserving trust, control, and transparency,” said Carsten Bruning, Vice President Digital Commerce at Arvato Systems. “With Visa and Nuvei, we validated interoperability across the flow and proved that payment can complete inside the agent rather than on the merchant site.”
“For Kings and Priests, this was a firsthand look at how agentic commerce can open new channels for digital retail,” said Ralph Hürlemann, Founder of Kings and Priests. “An AI agent initiating a purchase on a consumer’s behalf can reshape how customers discover and buy online.”
Beyond the Proof of Concept: Building the Execution Layer for Agentic Commerce
Agentic commerce is projected to drive $1 trillion in global transaction volume by 2030 and $3–5 trillion by 2035 (McKinsey). As the payment experience moves into the agent, this proof of concept marks a first step in Nuvei Agentic Payments and extends Nuvei’s Every Payment, Everywhere strategy.
Two building blocks form that interface. A Protocol Compatibility Layer lets merchants integrate once and accept payments from the standards an agent uses — ACP, AP2, or MCP — routed across networks, with Nuvei intending to certify against both Visa Intelligent Commerce and Mastercard Agent Pay. Know Your Agent adds identity and governance by registering and credentialing agents, validating the consumer’s mandate, scoring agent reputation, and keeping actions auditable. Together, they give merchants one interface through Nuvei’s existing platform and ISV integrations, without re-engineering their payment experience.
Nuvei is targeting initial availability in the second half of 2026, covering protocol compatibility, the KYA registry and agent risk scoring, network certifications, and a developer sandbox — all on the Level 1 PCI-certified infrastructure and risk and fraud tooling Nuvei already runs at scale.
“Agentic commerce is a platform problem, not a feature,” Fayer added. “Merchants need one place that connects them to every agent, protocol, and network while keeping them in control. The hard part isn’t the transaction; it’s carrying a verifiable mandate, managing real-world agent risk, and clearing across any rail. We are now building it into the infrastructure we already run for thousands of merchants.”
Nuvei is the global fintech building the infrastructure for every payment, everywhere. Its modular, flexible, and scalable technology enables leading companies to accept next-generation payments, offer all payout options, and benefit from banking, risk, and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 53 markets, 150 currencies, and over 720 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally through one integration.
For more information on our vision for agentic commerce, visit our website.
Transaction Valued at $122.5M Establishes 20,000-Liter US Biologics Drug Substance Manufacturing Platform, Covering Development through Commercial Supply
TAIPEI, TAIWAN – Media OutReach Newswire – 2 July 2026 – Bora Pharmaceuticals Co., Ltd. (“Bora” or “Bora Group”; TWSE: 6472; OTCQX: BORAY) today announced the completion of its acquisition of the GMP manufacturing operations of MacroGenics, Inc. (NASDAQ: MGNX) including its biologics drug substance facility in Rockville, Maryland and an associated warehousing center in Frederick, Maryland, for total consideration of US $122.5 million through its wholly owned subsidiary Bora Biologics USA, LLC.. Upon closing, Bora signed a long-term CDMO Service Agreement with MacroGenics.
With the close of the transaction, Bora Group’s biologics CDMO franchise, Bora Biologics, now operates 20,000 liters of single-use bioreactor (SUB) drug substance manufacturing capacity across two active US sites: Rockville, Maryland and San Diego, California, and one development facility in Zhubei, Taiwan.
“This acquisition establishes a US biologics manufacturing platform that sponsors can depend on, from development through licensed commercial supply,” said Bobby Sheng, Chairman and CEO of Bora Group. “As regulatory and supply chain dynamics continue to evolve, we expect biotech and pharmaceutical companies to increasingly seek manufacturing partners with US-based, inspection-proven infrastructure. Bora Biologics is designed to meet that need, offering a fully integrated, end-to-end biologics platform spanning drug substance and drug product capabilities.”
With the addition of the Rockville facility, Bora Biologics supports more than 4 active commercial programs, with more than 120 completed GMP batches and supply into multiple global markets including the US, EU, Japan, Canada and the UK with fully integrated QC and analytical capabilities.
Across its US network, Bora Biologics has completed five FDA inspections, including two at Rockville and one PMDA review in 2025, with clean results at both sites. The combined platform has supported more than 33 biologics and 15 biosimilars, establishing a manufacturing base for biotech and pharmaceutical companies with reduced offshore dependency and domestically anchored infrastructure.
Bora Group intends to integrate its US drug substance (DS) capabilities with its existing sterile drug product (DP) capabilities over the next 12 to 18 months, offering a seamless, fully integrated development-through-commercial biologics solution.
Hashtag: #BoraPharmaceuticals
The issuer is solely responsible for the content of this announcement.
About Bora
Founded in 2007, Bora Pharmaceuticals (“Bora” or “the Company”, 6472.TW and BORAY.OTCQX) is a leading pharmaceutical services company with a vision and goal of “Contributing to Better Health All Over the World”. Operating under a “Dual Engine” model that integrates CDMO and commercial expertise, we empower pharmaceutical and biotech partners to optimize product development, accelerate launches, and scale supply to meet global patient needs. At the same time, we actively broaden R&D and sales infrastructure, focusing on niche and rare disease markets to improve patients’ quality of life.
By investing in talent, infrastructure, and biologics expansion, Bora continues to transform operations and achieve sustainable growth. Committed to making success “certain,” Bora sets new standards in the pharmaceutical and CDMO industries.
Disclaimer: This document and the accompanying information may contain forward-looking statements. All statements regarding the company’s future business operations, potential events, and prospects (including but not limited to forecasts, targets, estimates, and operational plans) are considered forward-looking statements unless they refer to factual occurrences. Forward-looking statements are subject to various factors and uncertainties that may cause significant differences from actual results, including but not limited to price fluctuations, actual demand, exchange rate variations, market share, competitive conditions, changes in the legal, financial, and regulatory framework, international economic and financial market conditions, political risks, cost estimates, and other risks and variables beyond the company’s control. These forward-looking statements are based on current predictions and assessments, and the company disclaims any responsibility for future updates.
HONG KONG, July 2, 2026 /PRNewswire/ — Hong Kong Life Insurance Company Limited (“Hong Kong Life”) has been awarded the “Hong Kong Registration – Silver-Friendly Financial Products” certification presented by Hong Kong Quality Assurance Agency (“HKQAA”) for its outstanding insurance products. This recognition affirms Hong Kong Life’s exceptional performance in product development, service support and customer care, providing all-around support for the financial needs of the silver-haired customer segment.
Facing the trend of diversified global economic environment and the rising longevity, customers have a growing demand for financial solutions with cross-border flexibility. Hong Kong Life is dedicated to addressing the protection and financial planning needs of individuals at different life stages by continuously optimizing its product designs and support services, enabling a hassle-free living for the elderly group. Meanwhile, The Hong Kong Quality Assurance Agency has introduced the “Hong Kong Registration – Silver-Friendly Series”, which aims to establish a set of criteria from the perspective of elderly consumers, guiding enterprises to enhance their premises, products, and services. Through elder-friendly designs and attentive services, it supports the daily living of seniors and creates a consumer environment that better aligns with the needs and preferences of the silver-haired customer segment.”
Mr. Jonathan Ko, Chief Marketing Officer of Hong Kong Life said, “As Hong Kong transitions into an aging society, providing silver-haired customers with reassuring and thoughtful protection has always been our top priority. This certification recognizes our dedication and people-centric design across product development, service support, and customer care, which enable us to deliver flexible and suitable protection to our elderly customers. In future, we will continue to uphold our ‘customer-centric’ philosophy, introducing more diversified and innovative financial products to accompany our customers getting through every stage of life.”
Hong Kong Life’s insurance products certified under the ‘Hong Kong Registration – Silver-Friendly Financial Products’ and Essential Registration Elements:
Products
Essential Registration Element
Wealth Accelerator (Premier) Multi-Currency Insurance Plan
Hong Kong Life Insurance Limited (“Hong Kong Life”) was established in 2001 and is committed to providing customers with comprehensive and convenient insurance and wealth management services through an extensive distribution network of approximately 130 distribution locations, including Chong Hing Bank, CMB Wing Lung Bank, OCBC Bank (Hong Kong), and Shanghai Commercial Bank. Since 9 October 2025, Hong Kong Life has officially become a member of the Yuexiu Group, following the successful completion of the acquisition of Hong Kong Life by Yue Xiu Enterprises (Holdings) Limited (“Yuexiu”).
About Yuexiu Group
Yuexiu Group is a conglomerate ranking top in asset size among all state-owned enterprises in Guangzhou, having strong presence across different sectors including banking and finance, real estate, transportation infrastructure and food, etc. Yuexiu Group holds six listed platforms, namely Yuexiu Property (123.HK), Yuexiu Transport Infrastructure (1052.HK), Yuexiu Real Estate Investment Trust (405.HK), Yuexiu Services (6626.HK), Yuexiu Financial Holdings Group Co. Ltd. (000987.SZ) and China Asset Management – Yuexiu Highway REIT (180202.SZ). Yuexiu is also the holding company of Chong Hing Bank Limited and Chong Hing Insurance Company Limited.
KITCHENER, ON, July 2, 2026 /PRNewswire/ — Canadian Solar Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) today announced that it held its Annual Meeting of Shareholders on June 30, 2026. Each of the proposals submitted for shareholder approval was approved. Specifically, the shareholders approved:
The election of Shawn (Xiaohua) Qu, Harry E. Ruda, Andrew L.C. Wong, Lauren C. Templeton, Leslie Chang, Colin Parkin, and Yuan Z. Qu each as a director of the Company until the next annual meeting of shareholders of the Company or until their successors are elected or appointed;
The re-appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the auditors of the Company until the close of the next annual meeting of shareholders of the Company or until its successor is appointed, and the authorization of the directors of the Company to fix the auditors’ remuneration.
About Canadian Solar Inc. Canadian Solar is one of the world’s largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects — delivering solar, storage, system integration and long-term operation under a single accountable partner. Over the past 25 years, Canadian Solar has successfully delivered nearly 177 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar had shipped over 20 GWh of battery energy storage solutions to global markets as of March 31, 2026, and had a $3.5 billion contracted backlog as of May 8, 2026. In North America, Canadian Solar operates local manufacturing to meet tariff and compliance requirements and safeguard on-schedule project delivery. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 12.2 GWp of solar power projects and 6.4 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 24 GWp of solar and 81 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.
Canadian Solar Inc. Contact Wina Huang Investor Relations Canadian Solar Inc. investor@canadiansolar.com
BEIJING, July 2, 2026 /PRNewswire/ — Baidu, Inc. (“Baidu” or the “Company”) (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), a leading AI company with strong Internet foundation, today announced that the record date for the purpose of determining the eligibility of the holders of its ordinary shares, par value US$0.000000625 per share (the “Ordinary Shares”), to vote and attend its forthcoming extraordinary general meeting of shareholders (the “General Meeting”) will be as of close of business on Friday, July 17, 2026, Beijing/Hong Kong time (the “Ordinary Shares Record Date”). In order to be eligible to vote and attend the General Meeting, all valid documents for the transfers of shares accompanied by the relevant share certificates must be lodged with the Company’s Hong Kong branch share registrar and transfer office, Computershare Hong Kong Investor Services Limited, Shops 1712–1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Hong Kong, not later than 4:30 p.m. on Friday, July 17, 2026, Beijing/Hong Kong time. All persons who are registered holders of the Ordinary Shares on the Ordinary Shares Record Date will be entitled to vote and attend the General Meeting.
Holders of the Company’s American depositary shares (the “ADSs”) representing the Ordinary Shares may not attend or vote at the General Meeting. Holders of ADSs as of close of business on Friday, July 17, 2026, New York time (the “ADSs Record Date”), will be able to instruct The Bank of New York Mellon, the holder of record of Ordinary Shares represented by ADSs, as to how to vote the Ordinary Shares represented by such ADSs. The Bank of New York Mellon, as depositary of the ADSs, will endeavor, to the extent practicable and legally permissible, to vote or cause to be voted at the General Meeting the amount of Ordinary Shares represented by the ADSs in accordance with the instructions that it has properly received from ADS holders. Please be aware that, because of the time difference between Hong Kong and New York, if a holder of ADSs cancels his or her ADSs in exchange for Ordinary Shares on Friday, July 17, 2026, New York time, such holder of ADSs will not be able to instruct The Bank of New York Mellon, as depositary of the ADSs, as to how to vote the Ordinary Shares represented by the cancelled ADSs as described above, and will also not be a holder of those Ordinary Shares as of the Ordinary Shares Record Date for the purpose of determining the eligibility to attend and vote at the General Meeting.
Details including the date and location of the General Meeting will be set out in the Company’s notice of General Meeting to be issued and provided to holders of its Ordinary Shares as of the Ordinary Shares Record Date and holders of its ADSs as of the ADSs Record Date together with the proxy materials in due course.
About Baidu
Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under “BIDU” and HKEX under “9888”. One Baidu ADS represents eight Class A ordinary shares.
Real-time, event-driven clearing tailored for prediction markets
STOCKHOLM, July 2, 2026 /PRNewswire/ — Vermiculus, the independent technology provider for market infrastructure, has been selected by one of the world’s largest crypto exchanges to deliver a VeriClear®-based clearing solution for prediction markets.
VeriClear is designed for high-volume, real-time clearing with true 24/7 operation. By sustaining performance without scheduled downtime, it is well suited for continuously traded prediction markets.
The engagement covers a VeriClear solution tailored for event-contract markets, including clearing, post-trade processing, collateral handling, and digital asset settlement at high transaction volumes.
Built around a fully collateralized model, the solution supports an event-driven contract lifecycle in which settlement is determined by event outcomes and handled through internal cash redistribution. It also supports digital asset settlement and collateral handling in a continuous operating environment.
The solution provides the operational controls and post-trade integrity required for regulated market infrastructure, including collateral management, position keeping, settlement workflows, regulatory reporting, and auditability. It is designed to support real-time trading flows through prefunding checks and reconciliation between trading and clearing states.
“Prediction markets require a clearing model with specific post-trade characteristics. This engagement reflects the growing demand for solutions that combine fully collateralized event-contract clearing with the operational robustness and control expected from modern market infrastructure. Vermiculus VeriClear system gives the flexibility needed to support prediction markets at scale,” said Chris Dorougidenis, COO at Vermiculus.
VeriClear’s adaptive, multi-asset clearing solution is built on cutting-edge microservices technology. Combining low-latency trade capture, real-time risk management, and flexible settlement options, it ensures efficient handling of complex financial transactions while seamlessly integrating with surrounding systems through its agnostic interface technology.
“We are seeing strong demand for clearing solutions that can support new market structures and asset classes. This engagement demonstrates how our well-established Vermiculus products can meet specific requirements such as prediction markets. Our products are designed to be comprehensive from the outset, support a fast time-to-market, and remain easy to extend over time as needs evolve and new business opportunities emerge. A flexible architecture combined with our unique project model enables rapid deployment, ensuring fast system implementation and timely delivery,” said Taraneh Derayati, CEO of Vermiculus.
Singapore-based companies have committed more than S$5.5 billion in Johor since the JS-SEZ memorandum of understanding, while IMFC-J reported 1,000 enquiries linked to RM73 billion in potential investment in March 2026.
JOHOR, MALAYSIA – Media OutReach Newswire – 2 July 2026 – Forest City Special Financial Zone (Forest City SFZ) today issued a progress update on the Johor-Singapore Special Economic Zone (JS-SEZ), pointing to early implementation milestones in investment facilitation, financial-services incentives and cross-border connectivity.
Forest City, Johor
The JS-SEZ agreement, signed on 7 January 2025, covers approximately 3,588 square kilometres across southern Johor. It comprises nine flagship areas and targets investment in 11 sectors, including manufacturing, logistics, financial services, the digital economy, tourism, education, healthcare and the green economy. Forest City is the designated financial-services flagship within the framework.
“The JS-SEZ has moved beyond framework design and into early-stage execution. Forest City has a defined role in financial services and family-office activity, while the wider zone is building a pipeline across multiple industries,” a Forest City SFZ spokesperson said.
Investment pipeline builds across the JS-SEZ
Singapore’s Ministry of Trade and Industry said Singapore-based companies had committed more than S$5.5 billion in investments into Johor since the JS-SEZ memorandum of understanding was signed in January 2024. The figure was highlighted at the second JS-SEZ Joint Investment Forum in Singapore in October 2025.
On the Malaysian side, the Invest Malaysia Facilitation Centre Johor (IMFC-J) reported in March 2026 that it had received 1,000 investor enquiries and was facilitating RM73 billion in potential investment.
IMFC-J is a joint federal-state one-stop centre led by the Iskandar Regional Development Authority, Invest Johor and the Malaysian Investment Development Authority.
The figures represent investment commitments and potential project value rather than fully realised capital expenditure, but provide an early measure of the commercial pipeline forming around the economic corridor.
Forest City builds financial-services proposition
Malaysia announced the Forest City SFZ incentive package in September 2024, followed by the gazettement of the Single Family Office (SFO) tax rules in October 2025. Under the scheme, a qualifying SFO vehicle may receive a 0% tax rate on eligible investment income for an initial 10-year period, with a possible extension for a further 10 years, subject to asset, local investment, staffing and operating-expenditure requirements.
The initial phase requires at least RM30 million in assets under management. The wider Forest City incentive framework also includes a 5% corporate tax rate for qualifying global-services and selected relocation activities, while eligible knowledge workers in the JS-SEZ may qualify for a 15% personal income tax rate, subject to prevailing rules and approvals.
According to Forest City data, nine family offices had received approvals under the scheme by June 2026. The Securities Commission Malaysia had previously reported more than 30 expressions of interest and has set a target of RM2 billion in SFO assets under management by the end of 2026.
Separately, Forest City said 593 applicants were approved for the SFZ category of the Malaysia My Second Home programme between 1 October 2024 and 31 March 2026, indicating demand from investors, professionals and long-stay residents alongside the financial-services push.
Cross-border measures support the dual-market model
The JS-SEZ framework is intended to combine Johor’s land, industrial capacity and cost base with Singapore’s capital, connectivity and business ecosystem. Measures under the bilateral framework include investor facilitation, automated immigration channels, paperless goods clearance and improved transport links.
Singapore has rolled out QR-code immigration clearance across travel modes at the Woodlands and Tuas checkpoints. Travellers should continue to carry their passports, which may still be required for verification and for clearance at the Malaysian border.
The Johor Bahru-Singapore Rapid Transit System Link is targeted to begin passenger service by the end of 2026. The four-kilometre line will connect Bukit Chagar and Woodlands North in about five minutes and is designed to carry up to 10,000 passengers per hour in each direction during peak periods.
Execution and conversion remain the next test
The World Bank projects Malaysia’s economy to expand by 4.4% in 2026, supported by domestic demand, while warning that trade restrictions, global policy uncertainty and weaker external demand remain downside risks.
For the JS-SEZ, the next phase will be measured by the conversion of enquiries and commitments into approved projects, realised investment, skilled employment and operating businesses. Delivery of transport, utilities, talent development and regulatory coordination will also determine the pace at which companies adopt a cross-border operating model.
“The early indicators are encouraging, but the economic impact should be assessed over a multi-year horizon. The priority now is to convert the pipeline into sustainable business activity, jobs and a deeper professional-services ecosystem,” the spokesperson said.
Forest City SFZ said it will continue working with public agencies, financial institutions and professional-service providers to support family offices, international investors and companies evaluating Johor as part of their regional growth strategy.
Key figures
Indicator
Latest stated figure
JS-SEZ coverage
Approximately 3,588 km²; nine flagship areas; 11 priority sectors
Singapore-linked commitments
More than S$5.5 billion committed into Johor since January 2024
IMFC-J pipeline
1,000 enquiries; RM73 billion in potential investment as at March 2026
SFO incentive
0% on eligible investment income for 10 years, with a possible further 10 years
RTS Link
Targeted passenger service by end-2026; up to 10,000 passengers per hour per direction
Malaysia 2026 GDP outlook
4.4% growth forecast by the World Bank
Hashtag: #ForestCity
The issuer is solely responsible for the content of this announcement.
About Forest City Special Financial Zone
Located in Iskandar Puteri, Johor, Forest City Special Financial Zone (FCSFZ) is Malaysia’s pioneering special financial zone and the financial-services flagship within the Johor–Singapore Special Economic Zone. It is positioned to attract financial institutions, multinational corporations, high-net-worth individuals and businesses operating in wealth management, financial technology and global business services.
Its incentive framework includes a 0% income tax rate for qualifying Single Family Office Vehicles for up to 20 years, a preferential 5% corporate tax rate for approved qualifying activities, and a special 15% personal income tax rate for eligible knowledge workers, subject to the applicable conditions, regulatory approvals and prevailing legislation. Forest City also holds duty-free island status, further strengthening its appeal as a regional investment, business and wealth-management destination near Singapore.
https://www.bora-corp.com
