Johor’s Economic Future Depends on Regional Economy, Says Umno’s Khaled Nordin | Malaysia

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Umno vice-president Datuk Seri Mohamed Khaled Nordin speaks in Johor Baru on February 6, 2022. – Bernama pic

JOHOR BARU, May 10 – An independent, globalized and market-oriented economy is essential for Johor’s economic growth as well as development, Umno leader Datuk Seri Mohamed Khaled Nordin has said.

The Vice President of Umno said Johor has to live with the reality of globalization, interdependence and mutual support, especially with neighboring Singapore.

He said that after the reopening of the country’s international borders early last month, various opinions have been expressed on the trend of local workers continuing to work in the island republic.

“Some have suggested an almost equivalent salary and some have also come up with various strategies which may be difficult to achieve,” said the former Johor mentri besar.

Mohamed Khaled, who is also from Johor Baru, explained that the reality is that the southern state is in a unique position due to its heavy reliance on cross-border business.

“The cross-border economy has been an important feature of Johor’s economic progress and growth over the years.

“When movement at the Johor-Singapore border came to a halt during the Covid-19 pandemic, we could see how difficult it was for Johor’s economy to function,” he said in a statement. press release published here today.

His comments came about a week after several politicians commented on the state of Johor’s national economy soon after the borders opened.

Among them was Johor’s opposition leader, Liew Chin Tong, who reportedly said the state needed better quality investments that could generate better-paying jobs for locals.

He said many Malaysians work in Singapore because wages in Johor and other parts of Malaysia are too low, made worse by the huge exchange rate difference.

Mohamed Khaled pointed out that Johor’s competitiveness is realistically heavily dependent on Singapore’s economic progress.

Therefore, he said that the future of Johor must be based on globalization and regional economic relations.

“Johor’s economic planning should be strategy-driven, where the state and Singapore are geographic districts that are inclusive and interdependent on each other,” he said.

Mohamed Khaled added that the strength of Singapore’s currency will continue to be a major pull factor.

“Those who receive salaries in Singapore dollars are those who also buy houses in Johor, shop at various malls in Johor Baru and also support various sectors of the economy in the state,” he said. declared.

Mohamed Khaled said that even those who work in Singapore also have the opportunity to upgrade their skills, making them highly skilled and highly skilled workers.

“Let the market determine how the labor market and the potential of Johor workers determine what is best for their future,” he said, adding that it could be working in Singapore or even Johor. baru.

At the beginning of 2020, Malaysia went through different stages of lockdowns and restrictions. This included closing borders.

From April, however, the government announced that it was lifting almost all preventive measures, including the reopening of its international borders.

The first to open was the Johor-Singapore land border, which gradually saw brighter hope for the national economy of Johor Baru.

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