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Will Johor Overtake KL?

Jah the rastman from jamaica said

Take a moment to digest this. Mudland has natural resources but still depends in singapore to build up their economy and the area johor that sinkies spend their money on might even overtake the capital city and yet they have natural resources but still depends so much on singapore which is so many times smaller with a much smaller population. That's like 2 ppl having a race this person is riding on a motorized bicycle (mudland) while the other person is running barefoot (singapore) and the person running barefoot still beats the person riding on a motorized bike. Wow that's seriously super incompetent.

At one time before the asia financial crisis, many people thought Malaysia was about to go ballistic. The KLSE was second biggest in Asia after Tokyo based on market value . But that was their time. Today, it is Singapore who calls the shots. Tomorrow? who knows.
 
syed you can just quote my post rather than re writing it like that la wah piang.


OK true the future is unpredictable but from what i know mudland has always been behind singapore so too bad.
 
OK true the future is unpredictable but from what i know mudland has always been behind singapore so too bad.[/QUOTE said:
urban population will always surpass the rural folks in terms of wealth and education. Its a world wide phenomena.
 
Ho ho ho i hope sam sees his post. I mean how do you even fail at simply quoting someone else's post?
 
S'pore firms have over 300 factory projects in Iskandar

S'pore firms have over 300 factory projects in Iskandar

20121207.164945_sph_st_tharmanshanmugaratnam.jpg

Above photo is Deputy Prime Minister Tharman Shanmugaratnam.

Teo Cheng Wee
The Business Times
Sunday, Dec 09, 2012

NUSAJAYA (Johor): Singapore companies have set up more than 300 manufacturing projects in Iskandar Malaysia since 2006, according to the latest statistics from the Malaysian Investment Development Authority.

The figure, which was provided in response to queries from The Straits Times, underscores the importance of Singapore to the economic corridor in southern Johor, said Iskandar Regional Development Authority chief executive Ismail Ibrahim.

The Republic is already the largest single foreign investor in Iskandar, having ploughed in more than RM5 billion (S$2 billion) since its inception in 2006. Total foreign investment in the development region rose from RM22 billion in 2008 to RM37 billion in September this year.

"We see Singapore and Iskandar as a single economic hub," Datuk Ismail told reporters yesterday.

"Much of the investment has been from small and medium-sized companies. But as ties continue to improve between the two countries, we expect bigger projects to come on board."

This week, Singapore billionaire Peter Lim announced that he was building a racing circuit in Iskandar. He had been wooed to invest in Singapore's stalled Changi Motorsports Hub, but he said he was put off by the high costs. The same day, Deputy Prime Minister Tharman Shanmugaratnam acknowledged that more Singapore companies will face increasing pressure to move out of the island because of labour and land costs - and that Malaysia would be a logical destination.

One Singapore firm that has expanded its operations to Iskandar is steelworks company Yongnam. In 2008, it opened a steel fabrication plant in Iskandar's Southern Industrial and Logistics Clusters (SILC), to complement its operations in Singapore.

Yongnam picked Iskandar because it was near Singapore and the company's clients could visit the factory easily. Another advantage was Iskandar's proximity to Johor's ports - Yongnam exports almost all of its goods from Iskandar. Operating costs are at least 30 per cent lower in Iskandar than in Singapore, with the greatest savings coming from labour, said Mr Yusufirashim Sadir Mohammed, the administration and human resource manager of Yongnam's Iskandar plant. The more labour-intensive projects, he said, are carried out at the Iskandar facility.

"But our company will continue to keep our Singapore operations, because we have our headquarters there," he said.

"You can't have a body without a head."

Singapore companies currently occupy about 20 per cent of the land in the 405ha SILC. Malaysian companies take up more than 70 per cent. "Such projects show that foreign investors believe in the stability of our country and the opportunity for growth," Johor Menteri Besar Abdul Ghani Othman said yesterday.

He was delivering a speech on behalf of Prime Minister Najib Razak at the official opening of the Puteri Harbour Family Theme Park in Nusajaya. The park boasts the first Sanrio Hello Kitty Town outside Japan. Since the park opened its doors to the public in October, it has attracted more than 50,000 visitors.

http://news.asiaone.com/A1Business/News/Story/A1Story20121207-388261.html
 
Iskandar M'sia records total cumulative committed investment worth $41.98b

Iskandar M'sia records total cumulative committed investment worth $41.98b

20121211.161446_thestar_datukserinajibtunrazak1.jpg


New Straits Times
Tuesday, Dec 11, 2012

PUTRAJAYA - Iskandar Malaysia has recorded a total cumulative committed investment of RM105.14 billion (S$41.98b) surpassed the RM100billion investment target with 42 per cent being realised as at November.

Prime Minister Datuk Seri Najib Razak announced this today and said for the first 11 months of this year, Iskandar Malaysia recorded RM20.36 billion of committed investments.

The core sectors pushing the strong growth in the economic corridor are primarily properties (including commercial, retail and industrial), manufacturing and utilities.

From the RM105.14 billion, the breakdown of the investment is manufacturing RM33.9 billion; properties RM35.1 billion; government RM7.3 billion; utilities RM9.5 billion; tourism RM2.1 billion; petrochemical/logistics RM5.7 billion; port/logistics RM3.7 billion; creative RM0.4 billion; education RM1.6 billion; healthcare RM1.6 billion, and others RM4.2 billion.

http://news.asiaone.com/News/AsiaOne%2BNews/Malaysia/Story/A1Story20121211-388974.html
 
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