Iskandar: Why SMEs should think twice before relocating there

In Malaysia on 05/09/2013 at 4:29 am

They will have problems getting cheap FTs there. Cheap FTs are what they want:

This is what BT reported on 26 August 2013:

Small and medium enterprises (SMEs) of Singapore looking to move into Iskandar Malaysia may have to wait up to three years before they can access a steady pipeline of manpower there.

However, even as the region looks towards Singapore’s vocational institutions to meet their skilled labour needs, the authorities there may import foreign manpower in the short term to help SMEs from Singapore.

In an exclusive interview with The Business Times, Syed Mohamed Syed Ibrahim, the president and CEO of Iskandar Investment Berhad (IIB), said that Singapore companies should still give Iskandar a chance despite the manpower challenges there.

“My message to the Singapore SMEs is that I will definitely still tell them to come because labour is something that we can easily procure from the market if the need is immediate – whether local or foreign,” he said. However, if the SMEs are looking towards the medium term for suitably skilled labour, then they should wait for up to three years for the institutions within Iskandar to help create this pool.

Note that the CEO is in no position to promise SMEs that he can get them cheap labour they demand. M’sian businesses have to resort to illegal FTs because the govt is pretty strict in allowing FTs in.Recent crackdown

It is not like the govt here.

And then there is a minimum wage in M’sia which M’sian SMEs are complaining about.

Finally, M’sian petrol prices have gone up. Still want to move?


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