Klick4Malaysia
Tuesday, 10 May 2011
The outcome of the recent general election in Singapore could spell the end of many Malaysians landing good-paying jobs there and worse, put a dent on foreign direct investments (FDIs) in top notch projects here such as Iskandar Malaysia, an industry observer said.
Provectus managing principal Sreedhara Naidu said the election, which saw the People’s Action Party (PAP) lose 40 per cent of the votes, meant that Malaysia’s dependence on Singapore’s FDIs could also see a slight fall within the next three to four years as the island republic looks more inward in terms of investments.
He suggested that the government create more skilled jobs as Singapore immigration rules may be tightened, making it difficult for Malaysians to land jobs there.
“FDIs into Iskandar Malaysia and job opportunities for Malaysians, particularly in Johor, could be affected by last week’s Singapore general election outcome as the Singapore cabinet addresses key election issues that lost them 40 per cent of popular votes.
“With only 60 per cent of voters happy with PAP, the leadership will pull out all stops to quickly remedy immigration, housing, urban poverty, health services and education issues.
“They may choose to tighten skilled and semi-skilled foreign worker intake, which will affect Malaysians’ skill pool with Sijil Pelajaran Malaysia to diploma education that have traditionally looked to Singapore as an attractive destination (for employment),” Naidu said. Continue reading “FDIs into Malaysia from Singapore to drop?”