Johoreans prefer Singapore investment over China's: Survey
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"We don't feel the positive effects," Mr Zayani Ismail told TMI. "The only thing they have done is drive up the local property prices and make it harder for people like me to buy a home in Johor Baru," said the 32-year-old executive.....Average Johoreans believe that Chinese projects do not provide enough local job opportunities....
According to TMI, Chinese developer Country Garden Pacific View responded to criticism that its RM444 billion (S$150 billion) investment in property project Forest City did not benefit locals by announcing last year more than 40 per cent of its capital expenditure went to pay local firms. Despite its revelation that RM4.7 billion was spent on local consultancy services, law and architecture firms and construction materials....
Qn: Does the presence of a foreign power ever help a country with problems? (Cam. 2008)
"We don't feel the positive effects," Mr Zayani Ismail told TMI. "The only thing they have done is drive up the local property prices and make it harder for people like me to buy a home in Johor Baru," said the 32-year-old executive.....Average Johoreans believe that Chinese projects do not provide enough local job opportunities....
According to TMI, Chinese developer Country Garden Pacific View responded to criticism that its RM444 billion (S$150 billion) investment in property project Forest City did not benefit locals by announcing last year more than 40 per cent of its capital expenditure went to pay local firms. Despite its revelation that RM4.7 billion was spent on local consultancy services, law and architecture firms and construction materials....
Qn: Does the presence of a foreign power ever help a country with problems? (Cam. 2008)
posted by Dark Shadow | 1:28 PM
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