Iskandar and Chinese companies, another RM 2 billion coming

RM2 billion is indeed a HUGE number. Very few of us would ever have even a fraction of this amount in our lifetimes. For Iskandar Malaysia to continue growing, it would need billions, the more the merrier. Well, another RM2 billion is on the way from three big Chinese companies. According to the Johor Domestic Trade, Tourism and Consumerism Committee chairman Datuk Tee Siew Kiong, the talks are ongoing and he is confident that these investments will happen. This number includes a RM400 million expansion for the second phase for Shandong’s D&Y Textile and Garment Group. Textile and garment manufacturing can still survive in Malaysia, even versus the world? Well, this reinvestment sort of proved it can still happen.
The remaining would be from two more new investors who have not yet set up their operations in Malaysia. One is in tyre production while another is in the green technology sector. In fact for the tyre company, Malaysia beat a few other potential countries including Indonesia, Thailand and the United States. Actually, if they are thinking of the United States because of the tyre experts, I think they could easily attract these experts here. Similar pay for them BUT 4 times better lifestyle definitely. Many years ago, my senior HR Manager friend told that he always attract these US expatriates by telling them that “Your Salary may be similar in number or may be slightly lower BUT the lifestyle you can afford is 3 times or more here in Malaysia.” By the way, the expertise may even be available in Singapore.
In terms of the size of potential markets, I think it’s clear the growth is definitely in ASIA today and the foreseeable future. I like China, as a growing economic superpower for the world. I also like the fact that relationship between both countries (Malaysia -China) continue to be strong. Happy believing.
written on 5 July 2016
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