Monday, February 12, 2007

















Construction for MSC Cyberport City in Johor will commerce in July this year. The annouced investment amount so far is RM700mil (vs RM500mil from press statement last year), all from MSC Cyberport Sdn Bhd, in which the Johor Government holds 30 per cent equity. This latest 150-acre development is located at Kulai's Indahpura integrated township, 50km away from Singapore.

Ganesh Kumar Bangah, Chief executive officer of MSC Cyberport Sdn Bhd, says he plans attract leading IT-based companies from Singapore, Bangalore and the region to set up operations in the city. These companies will offer services such as software development, call centre operations, one-stop logistic outsourcing, bio-informatics and bio-technology development and Internet content creation and distribution. The State Government will set up a fully web-based one-stop centre to serve all requirements of companies located at Johor Cyberport.

Foreign companies enjoy following prvileges to run an operation in the city:
  • Unrestricted employment of local and foreign knowledge workers.
  • Exempted from local ownership requirements.
  • Freedom to source capital globally and the right to borrow funds globally.
  • Eligibility for R&D grants
  • No income tax for up to 10 years or an investment tax allowance, and no duties on import of multimedia equipment.
  • Ensure no Internet censorship.
  • Provide globally competitive telecommunications tariffs.
  • Tender key MSC Malaysia infrastructure contracts to leading companies willing to use the MSC Malaysia as their regional hub.
  • Green environment protected by strict zoning if located within the MSC Malaysia.

He expects MSC Cyberport City to attract about 100 companies in its first year of operation, and bring in RM300mil in investment.

It is still early to know how successful this project would be, how much threat would pose to Singapore IT industry, but it would certainly make IT industry more vibrant, by:

  • Opening more job opportunity to Malaysian IT graduate (UTM, Nilai College and nearby states)
  • Drive down IT development cost
  • Increase of transportation between Kulai and Singapore, and probably the 1st phase of high-speed KL-SIN train?

Let's wait and see if Johor MSC would be as successful as Ceberjaya.

Sunday, February 04, 2007

My Ideal Home

Desa Park City in Kepong. The whole concept is very good. You get a 'landed' property with condominium facility like security, pools and nice landscaping. (of course, need to pay maintenance too). Need to invest more Toto in coming CNY. haha.

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