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.
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Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
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