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APPARENTLY, the US economy is being held back by massive uncertainty over new regulation, future taxation and the deficit and how it will be handled, a state so frightening and confusing that investors won't invest, businesses won't hire and nervous consumers have taken to their beds.
Driving in Kuala Lumpur during rush hour, when people are going to office or going home, one cannot help noticing that the number of cars heading in one direction is matched by the number of cars heading in the opposite direction. People seem to live at one end of the city and work at the other end. The amount of petrol consumed and the number of hours wasted must be phenomenal. How does this come about? Is there a solution?
By Dr ONG HEAN-TATT
Jones Lang Wootton senior vice-presidentDavid Jarnell tells of the Klang Valley’soffi ce market supply having registeredan historic milestone by surpassing 100million sq ft, while executive directorMalathi Thevendran, attributes the strongsupply growth to steady and sustainableeconomic growth and a vastly growingservices sector.