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<blockquote data-quote="ALBundy" data-source="post: 439533" data-attributes="member: 15"><p>1. I have never denied that there are genuine small start up companies that are into software development and there is no denying also many companies that are not into IT development and are located in Cyberjaya for reasons I have mentioned earlier. That being said, let's ask ourselves how much have we achieved and gained from CyberJaya in relative to the IT industry in India. According to stats, total IT related export of USD 150 million (91-92) grew to USD 5 billion (2000) and further exploded to USD 50 billion (2008) in India. </p><p> </p><p>Again, the reason I mentioned this is to highlight the focus of the previous administrations on building great infrastructure, without the necessary human resources to develop a specific industry is a waste of the country's resources, and hence I doubt the monies saved from subsidy reduction will be put into good use. </p><p> </p><p>2. Yes, our oil is term under sweet crude and is exported and we import oil from the middle east, and yes you are right the cost of importing also went up during that period of time. However, since our sweet crude commands a higher price in the market, the net gain for Malaysia is positive!!</p><p> </p><p>3. Yes, R&D can be anything. But in terms of our discussion, I am saying some of the industries here that benefitted from the low energy cost will simply move out once it's no longer feasible for them to remain here, and it is already happening. </p><p> </p><p>4. In a globalised world economy, Malaysia has to change with the winds of change. Even the Brits whom prided themselves to some of the most well known marques in the automotive industry do not own Rolls Royce (BMW Group), Mini (BMW Group), Land Rover (Tata), MG (Nanjing China) and of course Lotus (Proton Malaysia). As I said, the solution is simple but whether the current administration has the political will to implement all the ideas mentioned by our PM remains to be seen.</p><p> </p><p>Cheers</p></blockquote><p></p>
[QUOTE="ALBundy, post: 439533, member: 15"] 1. I have never denied that there are genuine small start up companies that are into software development and there is no denying also many companies that are not into IT development and are located in Cyberjaya for reasons I have mentioned earlier. That being said, let's ask ourselves how much have we achieved and gained from CyberJaya in relative to the IT industry in India. According to stats, total IT related export of USD 150 million (91-92) grew to USD 5 billion (2000) and further exploded to USD 50 billion (2008) in India. Again, the reason I mentioned this is to highlight the focus of the previous administrations on building great infrastructure, without the necessary human resources to develop a specific industry is a waste of the country's resources, and hence I doubt the monies saved from subsidy reduction will be put into good use. 2. Yes, our oil is term under sweet crude and is exported and we import oil from the middle east, and yes you are right the cost of importing also went up during that period of time. However, since our sweet crude commands a higher price in the market, the net gain for Malaysia is positive!! 3. Yes, R&D can be anything. But in terms of our discussion, I am saying some of the industries here that benefitted from the low energy cost will simply move out once it's no longer feasible for them to remain here, and it is already happening. 4. In a globalised world economy, Malaysia has to change with the winds of change. Even the Brits whom prided themselves to some of the most well known marques in the automotive industry do not own Rolls Royce (BMW Group), Mini (BMW Group), Land Rover (Tata), MG (Nanjing China) and of course Lotus (Proton Malaysia). As I said, the solution is simple but whether the current administration has the political will to implement all the ideas mentioned by our PM remains to be seen. Cheers [/QUOTE]
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