Johor-Singapore special economic zone deal set for Monday signing, says Johor Menteri Besar

[RedEyesFan]

Got opportunity to annex JB during covid when kpkb "cannot go home see family". Instead, PAP sees poverty porn, circle jerk to it.

 

[Laguna123]

This is less about economics and more about politics. Just like Malaysia can choose to break their signed agreements to supply us water, on the basis that the agreement itself was unfair, they can also choose to seize the entire SEZ for themselves at any time, on the basis of unfairness or nationalism or some other nonsense.

Malaysia has a track record of screwing with sinkie investments in Malaysia. Remember that they once deleted the sell button for Malaysian securities, for Singaporeans and Singapore based entities, back during the Asian Currency Crisis. Our own stock exchange wasn't as robust back then, and many Singaporeans were heavily invested in the Malaysian stock market. This enables their own people to dump the Malaysian securities on Singaporeans first for a good price, only allowing us to sell after their own people have finished dumping on our heads.

Bottom line is that Malaysian leadership have no respect for contracts and rule of law and break them as they please. Contracts signed with Malaysia aren't worth the paper they are written on.

Wah so smelly ah can don’t let other citizen sell Malaysia securities? Who still dare to trade their stock market?

 

[MrAwesomeX]

i think LKY was also partially referring to the Suzhou Industrial Park.......the local Suzhou govt build one similar industrial park next to it then in the end singapore bo pian...have to sell the majority stake to the suzhou govt

Cause they refuse to bribe them then soon kena backstabbed.
Lost unspecified millions I think .

Soon enough china obtain blueprints to sinkeeland early hdb and industrial designs for minimal cost .
That's what their later buildings oddly looked so similar to early hdb I suppose .

It's screwed us over but accelerated SZ development tremendously

 

[TiedInsurer]

Wah so smelly ah can don’t let other citizen sell Malaysia securities? Who still dare to trade their stock market?

Yea they sibei smelly. There were actually rumors back then that they were going to do it, in the weeks leading up to them deleting the sell button. But Singaporeans didn't think they'd actually do it.

"Won't happen one la. That's so underhanded. If they do it, who will still dare to invest in them in future? They won't be so short-sighted one!"

Well, surprise mothafather. They are actually that short-sighted and underhanded.

 

[Reborn]

This is less about economics and more about politics. Just like Malaysia can choose to break their signed agreements to supply us water, on the basis that the agreement itself was unfair, they can also choose to seize the entire SEZ for themselves at any time, on the basis of unfairness or nationalism or some other nonsense.

Malaysia has a track record of screwing with sinkie investments in Malaysia. Remember that they once deleted the sell button for Malaysian securities, for Singaporeans and Singapore based entities, back during the Asian Currency Crisis. Our own stock exchange wasn't as robust back then, and many Singaporeans were heavily invested in the Malaysian stock market. This enables their own people to dump the Malaysian securities on Singaporeans first for a good price, only allowing us to sell after their own people have finished dumping on our heads.

Bottom line is that Malaysian leadership have no respect for contracts and rule of law and break them as they please. Contracts signed with Malaysia aren't worth the paper they are written on.

Is this refering to capital controls of Malaysia in 1998

https://www.sciencedirect.com/science/article/abs/pii/S0927538X10000399

 

[TiedInsurer]

Is this refering to capital controls of Malaysia in 1998

https://www.sciencedirect.com/science/article/abs/pii/S0927538X10000399

It is.

 

[Nalgene123]

but he was talking about malaysia in the article

what i mean was that he was basing this assumption on the Suzhou experience.....there was a very bad falling out so much so that LKY went to complain to Jiang Zemin about it

 

[jinsadndepress]

Not so easy la. Mys have been trying to emulate sg economic success for the longest time but failed. Their political instability will forever be stumbling block

Complacent complacent complacent

 

[skylink67]

"
In the beginning, the majority of property purchases were made by foreigners, particularly Singaporeans, who were seduced by the attractive price tags. After all, we are used to paying princely six-figure sums for a shoebox, so owning a house a few times bigger than our HDB flats for a cheaper price is incredibly enticing.

Unfortunately, the property cooling measures announced in Malaysia’s 2014 Budget have thrown a spanner in the plans of many of these potential investors. Since the beginning of the year, foreigners can only purchase property worth at least RM1 million, have to pay more in Real Property Gains Tax, and must contend with a 2 percent property levy. These moves have whittled the number of potential property investors in Iskandar.
"

"
Former Minister Mentor Lee Kuan Yew once said in his book One Man’s View of the World: “Let’s wait and see how Iskandar develops. This is an economic field of cooperation in which, you must remember, we are putting investments on Malaysian soil. And at the stroke of a pen, they can take it over.”

His words are beginning to ring true, with the new property measures instituted this year. Previously, property developers were rolling out the red carpet for buyers – Country Garden even chartered several buses to bring hundreds of interested investors to the carnival launch of their new properties. Today, the party atmosphere is gone.
"
https://drwealth.com/iskandar-malaysia-going-one-way-down/

 

[Reborn]

what i mean was that he was basing this assumption on the Suzhou experience.....there was a very bad falling out so much so that LKY went to complain to Jiang Zemin about it

ok. understood.

 

[bobo07]

Said Liao the party today have lost its way LKY once build….. jusst the brand there but the vision all different

 

[inmyopinion]

Good luck esp to those sandwiched class

 

[JAson1980]

Thanks… was wondering why a lot of common people so against it.

just reclaim the entire johore straits la. Can walk over anytime.

 

[lalalalalala]

Not an economic expert, but my basic understanding of supply and demand gives me the beliefs that if it ever reaches the scenario you had mentioned, then it will be a slippery slope down.

simply put, purchasing power is key. No power no carrot head to chop.

Yup. Alot worse than selling away ntuc income. But irony is the ones affected will still vote for it

 

[Reborn]

"
In the beginning, the majority of property purchases were made by foreigners, particularly Singaporeans, who were seduced by the attractive price tags. After all, we are used to paying princely six-figure sums for a shoebox, so owning a house a few times bigger than our HDB flats for a cheaper price is incredibly enticing.

Unfortunately, the property cooling measures announced in Malaysia’s 2014 Budget have thrown a spanner in the plans of many of these potential investors. Since the beginning of the year, foreigners can only purchase property worth at least RM1 million, have to pay more in Real Property Gains Tax, and must contend with a 2 percent property levy. These moves have whittled the number of potential property investors in Iskandar.
"

"
Former Minister Mentor Lee Kuan Yew once said in his book One Man’s View of the World: “Let’s wait and see how Iskandar develops. This is an economic field of cooperation in which, you must remember, we are putting investments on Malaysian soil. And at the stroke of a pen, they can take it over.”

His words are beginning to ring true, with the new property measures instituted this year. Previously, property developers were rolling out the red carpet for buyers – Country Garden even chartered several buses to bring hundreds of interested investors to the carnival launch of their new properties. Today, the party atmosphere is gone.
"
https://drwealth.com/iskandar-malaysia-going-one-way-down/

Seems like its part of the JB SG SEZ zone.

https://www.freemalaysiatoday.com/c...outheast-asias-rising-investment-destination/

 

[Nalgene123]

Is this refering to capital controls of Malaysia in 1998

https://www.sciencedirect.com/science/article/abs/pii/S0927538X10000399

that time was because of the asia financial crisis...if Mahathir didn't impose the capital control....Malaysia would have gone broke at the time......i remember Malaysia was so desperate that he turned to Singapore to borrow money.....but if i'm not wrong....Singapore didn't loan the money to them

 

[asiafrenz]

You also will be part of that story that ends.

Thats ok, accept your sg fate with the majority, meanwhile help your own next gen if any, get out of this story elsewhere

 

[skylink67]

Seems like its part of the JB SG SEZ zone.

https://www.freemalaysiatoday.com/c...outheast-asias-rising-investment-destination/

They want to include their failed Iskandar economic zone and ghost city: Forest City into the deal.

 

[ckt1978]

no need look too far... just look at HK.

 

[lalalalalala]

Yes, not sure why the govt would think it's a good idea. I want to think that they are not fools to go ahead with SEZ but recent events like the attempted Income sale, ERP 2.0, simplygo, NIRC fiasco, tell me otherwise. The current govt is absolutely capable of terrible decisions.

Why are you surprised? Alot of them own companies. Its a wet dream of cheap labor (johor indians are cheaper than the malays & chinese btw) and even pushing the ceca ppl to johor so their pockets get thicker