The Institute of Singapore Chartered Accountants (ISCA) has launched its inaugural Professional Services Centre in Johor Bahru, strategically situated within the Johor-Singapore Special Economic Zone (JS-SEZ). This initiative, announced on 28 February 2025, marks the first of 10 centres ISCA plans to establish globally by June 2025, aiming to enhance business growth and economic collaboration between Singapore and Malaysia.
The Johor Bahru centre is a collaborative effort involving the Association of Small & Medium Enterprises (ASME), Institute of Valuers and Appraisers, Singapore (IVAS), Law Society of Singapore, Singapore Manufacturing Foundation (SMF), and Tax Academy of Singapore. It will provide a range of professional services, including accounting, legal, and business valuation, to support Singaporean businesses expanding into Malaysia and vice versa.
Teo Ser Luck, President of ISCA, emphasised the centre’s role in fostering cross-border partnerships and developing accountancy talent. “Our Professional Services Centre in Johor Bahru and our partnerships with universities in Malaysia aim to ensure that businesses across both countries prosper,” he stated.
The Malaysian government has set a target to train 60,000 professional accountants by 2030, aligning with ISCA’s efforts to meet the growing demand for professional services in the JS-SEZ. ISCA plans to partner with local universities to create pathways for students to pursue the Singapore Chartered Accountant Qualification.
Wong Wen Tak, CEO of Grant Thornton Malaysia – Johor Office, highlighted the centre’s potential impact: “Together, the joint expertise and resources of the accounting fraternity from both countries will surely be an important support to the development of the JS-SEZ.”
“`
This news story was carefully selected and published by a human editor, though the content itself was AI-generated. If you spot an error, please report it here.
