Cheap as China and closer: Malaysia zone woos Singapore firms #news

Cheap as China and closer: Malaysia zone woos Singapore firms

Cheap as China and closer: Malaysia zone woos Singapore firms #news

By Kevin Lim and Eveline Danubrata SINGAPORE (Reuters) - When Tastyfood Industries decided to boost production to meet demand in Africa and the Middle East, the maker of Mr Cafe instant coffee and Vitamax cereal did not expand its Singapore factory or another one it owns in Xiamen, China. Instead, it plans to close its Singapore plant next year and move up the road to Malaysia's Iskandar economic zone, where it will set up a factory three times the size on low-cost freehold land and hire willing workers as cheaply as it can in China. "New generation Singaporeans do not like production positions as they are more educated now," Tastyfood founder and managing director Joseph Lim, a Singaporean, told Reuters. "It's not easy to manage a manufacturing company in Singapore unless you are in high-tech, high value-added businesses like pharmaceuticals." Singapore companies dominate...

Full article: http://finance.yahoo.com/news/cheap-china-closer-malaysia...

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@TheLeGrandGroup » 21 Oct '12, 10pm
..:: Cheap as China and closer: Malaysia zone woos Singapore firms: [Reuters] - When Tastyfood Industries d... [link] ::..
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Cheap as China and closer: Malaysia zone woos Singapore firms [link]
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Cheap as China and closer: Malaysia zone woos Singapore firms [link]
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[link] Cheap as China and closer: Malaysia zone woos Singapore firms [link] #news
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[link] Cheap as China and closer: Malaysia zone woos Singapore firms [link] #news
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[link] Cheap as China and closer: Malaysia zone woos Singapore firms [link] #news
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[link] Cheap as China and closer: Malaysia zone woos Singapore firms [link] #news