Lack of skilled manpower among concerns of S'pore firms moving to Johor-SG Special Economic Zone
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- Опубликовано: 10 фев 2025
- Singapore companies that are already moving their facilities to the Johor-Singapore Special Economic Zone say they could face certain challenges like a lack of skilled manpower there.
In fact, as Rebecca Metteo finds out, smaller businesses think they may not benefit much. Read more: cna.asia/3WelcVZ
It is not due to a lack of skilled manpower; the workforce in Singapore is undoubtedly more highly educated than that of Malaysia. Let's be transparent, it is the cost that affects your profit margin.
Precisely, they are using the same lie over and over again.
So what you are saying is that the people who provide money shouldn’t profit and therefore invest in businesses with high cost base or pay workers a lot more when they don’t capital risk. I agree that sometimes this goes very far, but without the capital there will be no investment here. They will just put the money elsewhere. No money no company no jobs.
Hmm... let's have some numbers?
@@VideoVault-21century It's quite straightforward start with 8% compounded for 10 years minimum (some could be higher) at say $20bn - and you can figure out backwards what an industry/zone/country's companies will have to collectively profit year on year.
Doesn't matter how many companies for this calc (although in reality it does). This will give you a rough number.
Then let's say gross margins are across the board 60% as the cost of inputs and prices sold is fixed (where in reality inputs go up and prices could come down squeezing these margins).
Then you will clearly see why Singapore with high cost of living and wages of employees makes it very difficult for companies.
You can nitpick here and there but at a macro level, your operating cost base being high makes you uncompetitive. Econ 101.
It is NOT about the cost of mp in the contest of M'sia v SGP, BUT in the context of competition from other countries like the PRC where PhD grads work for only a fraction of the SGP mp cost. The FACT that in SGP there is this skills upgrade fund etc only show that the so-called "elites" & Ministers did not or refused to acknowledge the reality of Lee Hsien Loong and Ho Chings losses amounting to hundreds of BILLIONs.
Our high-tech manufacturing labour force (not R&D) are mostly filled by foreigners, Malaysians in particular. They are our skilled manpower. I suppose what this suggest is that the Malaysian skilled workers are unwilling to move back and work in Johor.
NEP's Rights® has created an outflow of human capitals(growth hormone) to 🇸🇬 in search of higher income & job opportunities.
Our local businesses are the backbone of Singapore’s economy. 🇸🇬 While expanding across borders is important, let’s not forget to support them at home too! By choosing local products and services, we can help them thrive despite these challenges. Who’s with me? 🙌💪
Singaporeans are taught by the government to choose cheaper options, so why would they support local businesses when they can get cheap goods shipped directly from China? 🤡 Stop overpaying for products with prices inflated by greedy landlords! 😂😂 This is karma at work here.
Should rephrase.. lack of cheap skilled labor to exploit.
Lies again? Grab Assistant USD SGD
Our minister can pay in ringgit too. 😂😂😂😂🎉🎉🎉🎉🎉.
I have been in Singapore as a senior engineer for 4 years... after having my second kid born...i realized that it's not financially feasible...it may take 10 years to get PR....but cannot survive there till that time
...now i am in Sweden...
Yet, when ordinary citizens make mistakes, the repercussions are immediate and severe.”
Thum
Trump disagrees with Thum.
Everything outsourcing to Malaysia and expect Singaporeans to keep ruling political party in the throne
These rulers are bad for Singapore and need to be removed. Vote them out!
Lack of cheap labour not skilled workers
Eh don't lie la. Our "Manpower" also get from there one.
Exactly, they are trying to maximise profits by paying lower salaries in Johor
Singaporean boss, Malaysian workers. Where can I invest in this company?
Liew Chin tong has already repeated many times, pay 2/3 singapore salary, the workers will come from all the other states in malaysia
Those companies may want to reduce costs as reason to relocate. But cannot be too far
Importing from India is going to be cheaper than raising wages, just look at historical data. These companies won't let anyone undercut their profits, time to import more foreigners!
Pay ringgit can liao
@@Paul-t1n6fIndia will be an expensive decision
Who in the right mind would want to earn MYR at a singaporean company... Our work culture is ....
Every four or five years, they will spin the same story of how investors will flee and Singaporeans will suffer greatly if the PAP were to lose too many seats in the general election.
Remember 'cheaper better faster'? Look how that worked out.
Not many Singaporean want to work in farm or factory.
Not many Malaysians too ....don't care what race....BUT if wages are fair and workplace safety are high, then maybe
No need to talk about Singaporeans. Malaysians don't want to work in a farm or factory or be cleaners as well in Malaysia but in Singapore they will work in these sectors because the salary is higher.
Use Urban farm concept in both urban & rural areas. Agricultural technology & innovation. Recruit 😁Agronomists to improve yield of crops. China has a wealth of knowledge & skills in modern agricultural development.
Absolutely haha they don’t wanna work in shift working hours lol
Our elites & Ministers are supposed to hv "helicopter' vision seeing any need a few yrs down the road. So how come could not see the need for such "skilled manpower?'
Johor is not a part of Singapore. It is the responsibility of your leaders to solve your problems. Not Singapore
@@cheesengyeap524 Promoting Forest City as an SEZ has been in the air for yrs. I'm more interested in the unmitigated losses due to Lee Hsien Loong and Ho Ching's incompetence and rekless disregard for SGP & sinkies. The econ environment & world ordr has been changing but SGP is still stuck in the old warn out thinking of global trade. That's Y I ssy that the so-called "elites" & Ministers are not what the PAP propaganda claims them to be.
1 Century Horse🐎 had Colour Blind Vision 2020 & yet he is proud to be called self proclaimed Negarawan(Statesman).
@ I'm a sinkie lah. Then PM (wooden) Goh had talked about the special econ zone to include Batam, Johore and SGP. I believe nothing came out of it.
@@hengbin2974 To have 3 countries to establish a SEZ is a little complicated due to political differences.
😁JS-SEZ is more likely provided SEZ is free from Malaysian style of NEP's Rights®. Seek an exemption from YDPA Agong(Johore King) to ensure JS-SEZ thrives.
The Singapore firms have to be like other MNCs based in Malaysia. MNC pays premium 30% - 50% of local market depending on the skills. When pays are not a concerned, they tend to stay longer. If MNC can’t get the expertise they will send staff from HQ to be based temporarily there to fill in the gap and slowly train local staff to takeover the tasks.
Work in Johor and get ringgit ?
There are many lessons to learn from malaysia. Never depend on them for anything. Plus Malaysia is no longer cheap. It is still better to get your supply from other countries than to depend on them. Plus they will never appreciate or be grateful. Constantly holding Singapore Ramson from water, to eggs, vegetables, to chicken, fish and even sand. No country should subject to their unreasonable demand and immature mindset.
no one holding singapore ramson with those resources right now, only the previous politicians that weaponized these
@@YanQi. Ya, they have Austronesian mindset reluctantly opening up to seek economic opportunities. They prefer to stay in their comfort zone. NEP's Rights® is mine.
That Was Mahathir lah..that mamak that even put down the local mlysian chinese....Now Anwar is better..and Johor Sultan if u know, is bizniz friendly..Father and son team
@@YanQi. Raw water intake is a gift from God in return 🇸🇬 offers subsidized price of clean water supply. Century old horse🐎 deliberately made it an issue.
With JS-SEZ opening up we hope🇸🇬 would look into modern urban agriculture development with full confidence to ensure food security between both markets. Get China help to bring in related technology & innovation.
Comments😁 : 🇸🇬 investment strictly focuses on JS-SEZ designated zone avoid going beyond to mitigate political risks of flip flopping policies(roti prata to roti canai & vice versa) of Putrajaya.
😁 Johore-Singapore friendship stands the test of time. Do we have doubts ?
Malaysian workers love Singapore as the salary is better then being in Malaysia.Good luck.
“There’s a culture of deflecting responsibility. When lapses occur, it’s framed as an isolated incident rather than a symptom of deeper problems.
Cool ✅✅✅
This SEZ will primarily only be capital and labor intensive manufacturing. Moreover Malaysian culture of corruption and grafts are rampant and world notorious. Royal family members may also be a potential problem. This is what Singaporean companies and managers have to manage and deal with. Also, Malaysia doesn’t have sufficient local skill-worker as in China. Lastly, if the equity or capital market of Singapore and Malaysia doesn’t closely link, like HKSE and Chinese Shanghai SE and Shenzhen SE, the economic impact and growth between the two countries would be significant.
The negative impact of NEP's Rights® would pose a challenge to potential investors(FDI, DDI). Better to seek an exemption of so called affirmative action earlier. What is the point of SEZ with NEP' Rights® still in place ? How Meritocracy Practice works to ensure JS- SEZ a success ?
@ It’s not only NEP. There are endless numbers of Malay-centric preferential treatment programs/policies. Singapore party will have to bring them up before they become an issue when the project physically started. Lessons learned from the Suzhou China-Singapore Industrial Park and Tianjin Eco-city. The Malay nationalists would make it a political issue, perhaps even they would escalate the proposal to interference of Malayan internal politics.
@@Kotak8 NEP's Rights® should not apply in JS-SEZ designated zone in order to ensure its success & share prosperity. Seek exemption from YDPA Agong Wisdom.
@Kotak8 土著特权范围很广(Quota, AP permit, Bailout, Bumiputra Equity Share, ASB unit trust fund, Felda scheme, Bumi lot discount on new property launch....etc.等等)
土著特权开放就从 JS-SEZ 开始. 向最高元首申请免新经济政策 Exemption of NEP 1970. 有可能性(不是除掉).
skill man power. there is really no problem with skill man power. the answer is because the salary is cheap for the people of Johor, they don't want to work in a factory in Johor, they are more interested in working in a Singapore factory, the people of Johor want Singapore dollars, compared to a factory in Pinang, they don't face any problems. Singapore man power factory, professional, works skillfully from Malaysia
Business owners will use the grants to siphon funding for temporary business entity there. Siphon enough then close shop. Fund in SGD, setup in RM. Tax payers are the ones loosing. If you’ve never attempted to setup business entity in Malaysia, good luck to you, especially if you are a foreigner.
Not to mention Medan and manila
Talk so much still causeway human traffic jam like hell, still many Malaysian will come to Singapore to work due to the currency rate LOL
Failure of Min of eduction and manpower over the decades.
You can refer a nurse as a "skilled" worker. But this is "low-cost" manpower.
A LOT of malaysians are working in Singapore. Hope they are ready to relocate to SEZ and earn same numbers but in Ringgit.
Why was there a need to unmask NRICs in the first place, only to backtrack later? And how did this decision pass through so many layers without someone raising a red flag?”
Why don’t we spend our money developing our own many islands ?
We got Chennai and fujian
Where to find skilled workers or at least find ambled educated adults who can be trained to take on skilled work? Just look at the many who are driving grab and delivering food and Shopee parcels.
Any word from the prime minister?
Malaysian coming Singapore to earn SGD will no longer need to do so. Rental and retail sales will fall in Singapore.
Why work local when you can get more return$ somewhere nearby next door.. 3x better in many aspects... and with border crossing that's gonna be a breeze and well connected soon.... not worth for locals up North.. communication is also a common problem with ppl up North in certain indutries.. a headache for companies setting up North... the ever present danger of prata flipping policies n government is another matter 😢
Can someone clarify how it will benefit singaporean workers?
Remember MSC ?
🎉🎉🎉 treat your neighbours like your friends.
Profit tremendously at the expense of your local / foreign talent labor force.
Must achieve artifical gdp at all cost. 😅
Paid in SGD while living as king in JB.... Many talent will come to SEZ
Pay in ringgit
Billion dollar insight - Malaysia and Singapore government collaborate with China & India governments to create a visa system to import (police background check cert prioritisation), skilled and experienced labour to Johor-SG special economic zone?
I mean, it's obvious they are going to make up for the shortfall with a foreign workforce from India or China. Why would anyone think these companies are going to raise wages to attract more workers from nearby regions? 🤣 Naive Malaysians and Singaporeans who believe they're going to get a pay raise.
Training
U all should hv been invest in Indonesia who is officially BRICS members wt high GDP, high skill set & high workforce....right...😊...please, go now ASAP before the train left the station...😊...only PRIVIET NIHAO maybe Salam from Selangor 🤘
Obviously you do not have any experience doing buisness in Indonesia.
Malaysia got skilled manpower meh? What skilled they have ? Slow, lazy and bo chap skilled ah? That Y difficult to find in Singapore.
NRIC saga underscores the need for accountability and transparency, with an urgent focus on protecting citizens from the potential misuse of their own information by the authorities.
Stale news.
When the young talent wasted on OF 😂
S'poreans are blessed with a first-world PAP govt ranked the most effective in the world. Most importantly, PAP doesn't lie under oath or take it to the grave.❤
Fake news. VTO next election 😂
Talk to much..singapore..lee kuan yew people is chaotic