Source from (The Star Online): http://thestar.com.my/news/story.asp?file=/2013/1/17/nation/12585593&sec=nation
Published: January 17, 2013
Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=922035
Published: January 17, 2013
Source from (The Malaysian Insider): http://www.themalaysianinsider.com/business/article/extra-conditions-deter-foreign-investors-to-iskandar/
Published: January 17, 2013
"Previously we could impose various conditions (on foreign investment), but now we are competing with Thailand, Indonesia, the Philippines, even Cambodia and Myanmar.
"If there are too many conditions, they (foreign investors) can go elsewhere," he told reporters after the presentation of RM100 schooling aid to parents at Sekolah Temenggong Abdul Rahman (1) here today.
Yesterday, the Malay Chamber of Commerce (DPMM) urged the government to allocate 30 per cent of projects in Nusajaya in Iskandar Malaysia to Malay companies. DPMM President Syed Ali Alattas said the Malays in Johor are finding it difficult to cope with the high cost of living as foreigners buy up land, causing inflation.
Iskandar Malaysia, launched in late 2006, has attracted RM105 billion in investment as of 2012.
Nur Jazlan, who is also Pulai MP, said foreign investors help the local economy, create jobs for locals and raise their incomes.
Malays who have houses and land in Iskandar Malaysia are also benefiting from the higher property prices with the influx of foreign investors, he said, adding for those who find it hard to own houses, the government could help by providing houses at below market rates through the 1Malaysia People's Housing Scheme (PR1MA).
-- BERNAMA
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