Economy
Johor Bahru is an important industrial, logistical, and commercial centre. Its major industries include electronics, resource and petrochemical refinery, and shipbuilding.
The presence of Singapore-owned companies and tourists is significant. Johor Bahru's many shopping complexes cater to tourists from Singapore who visit the city for shopping and entertainment, taking advantage of the stronger Singapore dollar. As such, Johor Bahru's retail scene is highly developed for a city of its size. The main shopping districts are located within the city, with a number of large shopping malls located in the suburbs.
The heavy industrial areas are Pasir Gudang and Tanjung Langsat, located east of the metropolitan area. They contain clusters of refineries, chemical processing plants, and shipbuilding factories. Light to medium industrial areas are mainly located north and north-west of the metropolitan area in Tebrau, Tampoi, Senai, Skudai, and Kulai.
Johor Bahru enjoys a close economic relationship with Singapore. A large number of residents in Johor Bahru work in Singapore, where salaries for equivalent jobs are higher than in Malaysia. This is partially because of the strong Singapore dollar, which was worth about 2.47 Malaysian Ringgit as of 16 July 2011 (2011 -07-16). For the same reason, many Singaporeans live in Johor Bahru or visit the city for shopping, entertainment, and dining. Many Singaporeans own property, businesses, and factories in Johor Bahru.
Read more about this topic: Johor Bahru
Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (18171862)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kindno matter how ultimately profitable or otherwise successful some of them might prove to bethere is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?”
—Doris Lessing (b. 1919)