Malaysian businesses are worried that they will be affected if Johor is to revert its Saturday-Sunday weekend to Friday-Saturday

Weekend change worries Johor traders

Monday, November 18, 2013 – 10:11

The Star/Asia News Network

JOHOR BARU – Businesses are worried that they will be affected if Johor is to revert its Saturday-Sunday weekend to Friday-Saturday. Johor Indian Business Association (Jiba) president P. Sivakumar called for a proper study to be conducted before any change is made. He said investments in the state, especially in Iskandar Malaysia, would lose out.“It is not timely for such change in Johor, especially with rapid development and foreign investments taking place here,” he told The Star yesterday.

Johor Chinese Chamber of Commerce and Industries deputy president Datuk Loh Liam Hiang said many business owners were concerned over the matter.

“Johor Baru is on its way to becoming an international cosmopolitan city due to Iskandar Malaysia. Such changes to our rest days will take us backwards.

“Many countries observe Saturday and Sunday as rest days and it will be hard for us to attract foreign investors to come here (if there is a change),” he said.

Prior to 1994, Johor had observed Friday and Saturday as the weekend.

State Secretary Datuk Obet Tawil has lodged a police report after a state administration circular, claiming that the Sultan of Johor had decreed weekends to be changed from Saturday and Sunday to Friday and Saturday, was widely circulated on social media sites.

Police are investigating how a confidential matter became public, with three reports lodged so far.

Such a leak is an offence under the Official Secrets Act.

Johor Council of the Royal Court secretary Datuk Abdul Rahim Ramli said Sultan Ibrahim Ibni Almarhum Sultan Iskandar would decide only after getting feedback from the royal court, Mentri Besar Datuk Seri Mohamed Khalid Nordin and his exco members and the state Pardons Board.

He also clarified that the information was not from the palace or the royal court because neither of these institutions had Facebook accounts or social media groups representing them.

Currently, Kedah, Kelantan and Terengganu have Friday and Saturday as their off days.

Perlis, which once had these days as the weekend, switched its weekends about the same time Johor followed the rest of the country to have Saturday and Sunday as the off days.

 

Buzz over Johor ‘changing weekend’

Monday, November 18, 2013 – 04:00

Yong Yen Nie

The Straits Times

KUALA LUMPUR – Will Johor change its weekend to Friday and Saturday from the current Saturday and Sunday, or will it not?

Malaysian cyberspace is abuzz with widespread but unconfirmed talk that the Johor state government is considering changing the state’s weekend from next year onwards, amid concerns that it could affect foreign investments.

Since early this week, some netizens have posted what appeared to be confidential minutes of a state government officials’ meeting that took place more than a month ago, which contained the proposed change.

State government sources said a decision has yet to be made as the government is still collecting feedback from various departments on the possible impact it could have on the administration.

But rumours are now rife that the Sultan of Johor, Sultan Ibrahim Ismail Sultan Iskandar, could announce his wish to change the state’s weekend during his birthday address next Saturday, which would be subsequently agreed to by the state’s executive council led by Menteri Besar Mohamed Khaled Nordin.

The Menteri Besar’s office has declined to confirm the speculation. “The decision lies with the palace,” a spokesman told The Straits Times on Friday.

Opposition state assemblymen have voiced their concerns about the speculated move at assembly meetings. They say it would hamper businesses and investments, especially in the Iskandar region – a massive economic zone with residential, commercial and industrial projects – which is aimed at attracting foreign investments, including from Singapore.

Currently, Johor receives the highest amount of foreign investments coming into the country with RM6.6 billion (S$2.6 billion) out of a total of RM18.8 billion for Malaysia for the period of January to August this year.

“We will surely lose out to Penang and Selangor as they have more business-friendly policies and infrastructure,” said Mr Ee Chin Li, an opposition Democratic Action Party assemblyman.

It could also affect the lifestyle of thousands of Johoreans who work in Singapore, said Ms Janice Chung, an accounts executive who lives in the state capital Johor Baru but commutes to Singapore for work. “Our family time will be compromised as my children will have to go to school on Sundays, when it is my rest day.”

Before 1994, the state’s weekend had followed the Muslim calendar, with work days from Sunday to Thursday. This is similar to Kedah, Kelantan and Terengganu, which have large Malay-Muslim populations, to encourage more of them to attend Friday afternoon prayers.

Johor has one of the largest Malay-Muslim populations in the country, with close to 60 per cent of its 3.4 million people being Muslim.

But the policy was changed by then Menteri Besar Muhyiddin Yassin, now the Deputy Prime Minister, to make the business environment friendlier and attract investment.

Unknown's avatarAbout bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

Leave a comment