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

[FireEmblem]

Yah just like the recent Malaysia properties which sinkie bought and thought they are the owner but turns out the owner is actually the developer, they only the lesser.

Can have some similar clause hidden somewhere that our jia liao bee did not notice then similarly sign away our rights

 

[matrixx]

I saw some initial details. Might as well name it Johor SEZ. It's all about Johor lol.

I dunno what has Sg gotten itself into.

 

[virtualape]

If it's so good, they will not invite you to join. Next thing you will see a common currency and tie SG economy with Malaysia.

common currency...that one not within our lifetime.

 

[Lifeinmotion]

At end of 2023, they announced mm2h visa with permanent residence provided for the Platinum applicants.

After stalling for one year.
They debate here and there saying security, social, racial reasons, then finally prata say permanent residence is no longer possible. Increase agent fee to 40k. Need to buy a one million condo, etc.

Malaysia today is still the same original Malaysia 50 years ago.

We haven't talk about CLOB shares for those that got burn will never dare to lay their foot in that land.

 

[x1243x]

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

and yet we choose to partner with them on this..

 

[serangoon1]

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.

Suzhou incident too

 

[ghregular]

I saw some initial details. Might as well name it Johor SEZ. It's all about Johor lol.

I dunno what has Sg gotten itself into.

u c
they r abang
even madhater suan us like helll saying wanto bomb us park their boats at our shore say wanto cut water built crooked bridge cancel hsr wanto restart hsr ban saf plane flight zone we still must kuai kuai
reason is simple - they r abang we r adek

 

[pwongkk]

Some of his policies have repercussions for future generations.

His stop at 2 policies in the 60s, 70s resulted in the need to import more economic refugees.

 

[pwongkk]

No guarantee Anwar will lead the next government after the next elections.

After that we can have a new interation of the SIP all over again. This time opp our shores.

Will saf send troops in if it happens?

 

[samferguson]

商人无国界。if SG Inc fails, they just change passport, what patriotism?

 

[Lance321]

He said that when sg was a lot more weaker. Now sg is rich and quite capable. If anything, malaysia should worry about us taking over.

 

[Lifeinmotion]

Some of his policies have repercussions for future generations.

His stop at 2 policies in the 60s, 70s resulted in the need to import more economic refugees.

All his policies has. For good or bad.
Your racial mix in HDB , turning Chinatown into a slump, putting mother tongue as 2nd language.

 

[Desmond_]

"I am absolutely sure that if Singapore gets a dumb government, we are done for," Lee, who turns 90 next month, wrote in "One Man's View of the World", a book launched on Tuesday.

 

[eeLoyH]

Is it still applicable in today's context? Or times have changed. It no longer applies? Asking because I know nuts about economics.
Or was he unduly worried? Or it doesn't apply to a SEZ since the context he was quoted in back then was different to a SEZ partnership environment today?



Lee Kuan Yew cautions against risks.
https://www.pressreader.com/kuwait/...eTEovb9XWOJebuiNsT8GUmcxP_TafmxY_vwp51grXUHvo

Singapore's Lee Kuan Yew airs concern about Malaysian economic zone​

https://www.reuters.com/article/bus...-about-malaysian-economic-zone-idUSBRE9750JT/

You got read anot.

The risk is financial and instability, the risk isn’t development curtail and allowing them to get ahead.

Singapore should iron clad the agreements so in the event of pull outs we don’t over lose

 

[testerjp]

The only thing mentioned about border crossing is the enhancement of digital nomad visa which you need proven income, company endorsement, pay tax, etc. This seems to suggest to me that there's no 100 pct free border crossing.

The mm2h SEZ was just introduced a few months, unlikely to overhaul and change the rules. The purpose of that visa is for clearing their overhang properties which the king holds alot of shares. .

Don't seem to be what people are expecting that can just walk in, stay there indefinitely without restrictions. Or any businesses can just uproot and go there.

It also seems to be going project by project, not one shot turn everything into SEZ zone. The main interest seems to be centred on manufacturing. I think is to make way for Singapore companies, selling services or products made in Johor. Probably stuff like data centres which don't create alot of jobs, or the upcoming robotic factories.
Since Malaysia has surplus electricity, I think buying energy should be one of the terms.


Singapore's revenue largely dependent on SME corporate income tax, foreign levies, taxes, land sales, property tax, etc. It's quite silly to expect PAP will give those up. Like want they always say, if it results in a deficit, where to balance back and recover the money?

Let's wait for more details and see what is it all about but it appears to be nothing much for now.

https://www.malaymail.com/news/mala...economic-growth-for-malaysia-singapore/162031

https://www.channelnewsasia.com/asi...conomic-zone-jobs-anwar-lawrence-wong-4840336

 

[pwongkk]

All his policies has. For good or bad.
Your racial mix in HDB , turning Chinatown into a slump, putting mother tongue as 2nd language.

Which is overrated to say his polices are wise.

 

[Gattaca1812]

Unless Jobor secedes and join us, I find it silly to build up the competition beside us.

 

[Lifeinmotion]

Which is overrated to say his polices are wise.

The sacrifice our forefathers made - Not LKY that built this city. Current generation don't understand many sacrifice was made.

 

[Ghostpel]

The deal will likely create jobs for Malaysians from new investment and shifting of jobs to JH from SG. SGeans will likely suffer net loss of jobs from the deal. These new jobs in JH, however, will not stop Malaysians from coming to steal jobs in SG. It’s a double bonus for the Malaysians. Common folks of Singaporeans get nuts from the deals.

 

[pwongkk]

The sacrifice our forefathers made - Not LKY that built this city. Current generation don't understand many sacrifice was made.

Agree. The sacrifice dates back to Raffles days.

LKY only inherited a developing city from the Brits whom had already modernised sg.