Speedier ride to more FDIs

Free Malaysia Today

Rapid Transit System Link from Johor Bahru to Singapore will also boost job prospects for Malaysians but may make Johor a costlier place to live in.    Read More: https://www.freemalaysiatoday.com/category/highlight/2023/10/25/rts-can-lure-investments-but-also-sap-skilled-workforce-say-business-reps/   Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: http://bit.ly/2Rn6xEV Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on Twitter: http://bit.ly/2OCwH8a  Follow FMT on Instagram: https://bit.ly/2OKJbc6 Follow FMT on TikTok : https://bit.ly/3cpbWKK Follow FMT Telegram - https://bit.ly/2VUfOrv Follow FMT LinkedIn - https://bit.ly/3B1e8lN Follow FMT Lifestyle on Instagram: https://bit.ly/39dBDbe ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTBusiness #RTSLink #Singapore #JohorBahru #FDIs

Transcript

00:00 A quick commute, no more than six minutes, between Bukit Cagar in Johor Bahru and Woodlands

00:06 in Singapore may turn out to be the selling point for the Rapid Transit System Link when

00:11 it is ready to roll in 2026.

00:14 Business representatives tell FMT Business the short travel time could attract more Malaysians

00:19 to find work in Singapore where compensations are higher but take up residence in Johor

00:24 Bahru where cost of living is lower.

00:27 Medini Group CEO Joel William also expects to see more FDIs flowing into Johor.

00:34 He says foreign corporations could now be lured into splitting their investments between

00:38 Johor and Singapore as the short commute makes it easy for personnel to travel between the

00:42 two sites quickly when necessary.

00:45 Hospitality industry executive Prema Adhisation expects the improved access to employment

00:50 in Singapore could also make the Johor job market more competitive and this may force

00:55 employers to introduce progressive wage structures and packages.

00:59 However, William is concerned that the improved access to Singapore will also attract many

01:04 Malaysians from other states to flock to Johor with a view to getting jobs in Singapore.

01:10 This he says will lead to an upturn in the property market in Johor which may also mean

01:15 higher costs for those seeking to settle there.

01:19 Natasha Bust, FMT Business.

01:20 (gentle music)

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Transcript

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