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<blockquote data-quote="ALBundy" data-source="post: 439316" data-attributes="member: 15"><p><span style="color: black">Yes, it was an initiative to develop the K economy as I mentioned. But what has transpired ever since is plenty of companies are located there to take advantage of the MSC status and more importantly the tax incentives that come with it. What has BMW Malaysia, HSBC, Shell and etc has to do with IT R&D?? I know the HSBC building is basically a regional data call center operating 24 hours. Similarly BMW does operate a regional data and call center as well. We are churning more IT grads...YES, as for talented grads, the jury is out on this one. </span></p><p> </p><p>2. <span style="color: #0000ff">No it was not relevant at all ... It was at a time where world oil prices ballooned sky high because of speculators when the threat of a recession did the price went down. The government re-instated the subsidy once the oil prices went back to normal levels within 6 months. What can the government do within such a short period of time? You're just trying to find faults really.</span></p><p> </p><p><span style="color: black">You missed the point. What I am trying to point out is the government has not been able to keep its promises made in the past. If one look at the overall picture, Malaysia actually profitted from the massive oil price increase (Petronas profit increase tremendously) and there wasn't a need to increase prices. The government promised to use the savings to improve public transport, I am merely stating a fact, not finding fault as you claimed. </span></p><p> </p><p>3. <span style="color: #0000ff">LOL ... again please re-read and comprehend my post earlier as i said that companies needing to survive will find their competitive edge through R&D in improving their existing products or new product/services lineup amongst others. I am talking about companies streamlining, increasing efficiency, extending PLC through implementing processes, R&D of processes and methodologies and etc in the face of rising cost and competition.</span></p><p> </p><p><span style="color: black">Yes, as I mentioned in my earlier post, most of these firms are not high tech firms and also Malaysia do not possess intensive R&D capabilities. Hence the simple solution is for them to relocate to countries with cheaper labour. Aren't we seeing this happening already with companies relocating to Vietnam and China? Bro, theory and practical/reality are two entirely different things <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></span></p><p> </p><p>4. <span style="color: #0000ff"><strong>Stop short of selling the country to foreigners what do you propose??? What policy change are you talking about? As it is the government have implemented several policies to open up the market like the banking sector, foreign ownership in companies and etc. We can't be opening up the economy so freely at the expense of local companies ... It must be done gradually and carefully!!!</strong></span></p><p><strong><span style="color: #0000ff">Talking about IT industry there are many programmers that are earning a basic pay of 4-5k with 3-5 years experiences ... Again there are more graduates now in IT, computer science and engineering than ever before.</span></strong></p><p> </p><p><span style="color: black">The solution to the current dilemma faced by Malaysia (the middle income trap as we speak) does not need a rocket scientist to figure it out. We are talking about increasing the per capita income of the general population, and that simply means better paying jobs. Just look at our neighbour down south with their economic transformation from being a low-end electronics manufacturer (like Hongkong in the late 70s and 80s as well) to what it is today. I believe our current PM is well aware of the challenges ahead, and I fully sympathise with what he is going through and can only hope he has the political will to implement his ideas. Lee Kuan Yew's memoirs is a good read btw <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></span></p><p> </p><p>I do not intend to go into details as some may term it as sensitive issues but other than a paradigm shift in term of how the resources (natural and human) of this country is managed, we may continue to be stucked in this middle income trap. </p><p> </p><p>Cheers</p></blockquote><p></p>
[QUOTE="ALBundy, post: 439316, member: 15"] [COLOR=black]Yes, it was an initiative to develop the K economy as I mentioned. But what has transpired ever since is plenty of companies are located there to take advantage of the MSC status and more importantly the tax incentives that come with it. What has BMW Malaysia, HSBC, Shell and etc has to do with IT R&D?? I know the HSBC building is basically a regional data call center operating 24 hours. Similarly BMW does operate a regional data and call center as well. We are churning more IT grads...YES, as for talented grads, the jury is out on this one. [/COLOR] 2. [COLOR=#0000ff]No it was not relevant at all ... It was at a time where world oil prices ballooned sky high because of speculators when the threat of a recession did the price went down. The government re-instated the subsidy once the oil prices went back to normal levels within 6 months. What can the government do within such a short period of time? You're just trying to find faults really.[/COLOR] [COLOR=black]You missed the point. What I am trying to point out is the government has not been able to keep its promises made in the past. If one look at the overall picture, Malaysia actually profitted from the massive oil price increase (Petronas profit increase tremendously) and there wasn't a need to increase prices. The government promised to use the savings to improve public transport, I am merely stating a fact, not finding fault as you claimed. [/COLOR] 3. [COLOR=#0000ff]LOL ... again please re-read and comprehend my post earlier as i said that companies needing to survive will find their competitive edge through R&D in improving their existing products or new product/services lineup amongst others. I am talking about companies streamlining, increasing efficiency, extending PLC through implementing processes, R&D of processes and methodologies and etc in the face of rising cost and competition.[/COLOR] [COLOR=black]Yes, as I mentioned in my earlier post, most of these firms are not high tech firms and also Malaysia do not possess intensive R&D capabilities. Hence the simple solution is for them to relocate to countries with cheaper labour. Aren't we seeing this happening already with companies relocating to Vietnam and China? Bro, theory and practical/reality are two entirely different things :)[/COLOR] 4. [COLOR=#0000ff][B]Stop short of selling the country to foreigners what do you propose??? What policy change are you talking about? As it is the government have implemented several policies to open up the market like the banking sector, foreign ownership in companies and etc. We can't be opening up the economy so freely at the expense of local companies ... It must be done gradually and carefully!!![/B][/COLOR] [B][COLOR=#0000ff]Talking about IT industry there are many programmers that are earning a basic pay of 4-5k with 3-5 years experiences ... Again there are more graduates now in IT, computer science and engineering than ever before.[/COLOR][/B] [COLOR=black]The solution to the current dilemma faced by Malaysia (the middle income trap as we speak) does not need a rocket scientist to figure it out. We are talking about increasing the per capita income of the general population, and that simply means better paying jobs. Just look at our neighbour down south with their economic transformation from being a low-end electronics manufacturer (like Hongkong in the late 70s and 80s as well) to what it is today. I believe our current PM is well aware of the challenges ahead, and I fully sympathise with what he is going through and can only hope he has the political will to implement his ideas. Lee Kuan Yew's memoirs is a good read btw :)[/COLOR] I do not intend to go into details as some may term it as sensitive issues but other than a paradigm shift in term of how the resources (natural and human) of this country is managed, we may continue to be stucked in this middle income trap. Cheers [/QUOTE]
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