KULA LUMPUR: Three sites in the city have been identified for the development of iconic structures to spur growth in the economy.

Sources say they are Dataran Perdana in Jalan Davis, the area surrounding Stadium Merdeka and the vicinity of the Matrade Centre in Jalan Duta.

All the plots of land are privately owned. Two belong to government-linked companies — Pelaburan Hartanah Bumiputera Bhd and Permodalan Nasional Bhd (PNB) — while the Naza group owns 25ha in the vicinity of the Matrade Centre.

Economists were recently briefed by the Economic Planning Unit in the Prime Minister’s Department on the implementation of the iconic projects, as part of efforts to boost the country’s gross domestic product (GDP). [100-storey skyscrapers planned for Kuala Lumpur. Vasantha Ganesan. Presenna Nambiar. New Straits Times. December 7 2009]

Urm, yeah, okay…

Mohd Hafiz Noor Shams. Some rights reserved Mohd Hafiz Noor Shams. Some rights reserved Mohd Hafiz Noor Shams. Some rights reserved

p/s — I cannot resist this. What a bull!

We can definitely thank Keynesian thinking for this. Do you want greater aggregate demand? Build away!

2 Responses to “[2125] Of we build buildings to increase our GDP”

  1. on 08 Dec 2009 at 14:17 Bobby

    Well, Uncle M certainly did the same thing during the 1997/98 crisis with Putrajaya etc.
    But you’re right, it’s bull.
    I found out that you went to Ann Arbor, a really good school.
    I don’t know what your future plans are, but I really hope that a bright young mind like you will come back once you’re done with your studies.
    Our country will be the poorer without the likes of you.

  2. […] The latest case in point is the 1Malaysia email, which the PM has said that it will increase the GNI by RM39 million… by 2015.[1] Another case is the Menara Warisan, where the main proposition supporting the proposed construction of the tower is not its viability, but its contributions to the GDP. […]

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