One of the things we're trying to do is build a new factory and find investors to come into an agreement with us. With some of the tax hikes that have been presented with the capital gains tax, we are finding it much harder to find investors, even local investors, to invest in some of the things we are trying to do, not just from a factory point of view but also from a project point of view. Some of the large construction projects we've worked with developers on have margins of profits of 3% to 5%. When the capital gains tax is raised, even though it's only on the profit side, it brings their margins down and they end up shelving the projects.
On September 17th, 2024. See this statement in context.