This is in response to the letter Dr M's biggest mistake - spend, spend, spend .

I partly disagree with what GH Kok said, though he makes some good points about some projects with little returns on investment like Proton and Perwaja.

However, when it comes to the Twin Towers or the KLCC complex, I think this is one of our smartest investments. The developer turned a piece of land into a goldmine by building just two iconic buildings.

Then they began an extremely profitable shopping mall project at that famous location. They built more high-rise buildings and hotels surrounding the Twin Towers. They then also built high-rise condominiums, a decent unit facing the Twin Towers would cost you a couple of million ringgit. They recently built a sophisticated convention centre to complement the whole set. This convention centre has contributed RM322 million to Kuala Lumpur's economy in the first six months.

I personally think without the Twin Towers and the charm of KLCC, this convention centre is just yet another city block. But because of our iconic buildings, we are actually attracting more prestigious conventions to come to our shores and bringing in more tourist money.

The Twin Towers' rental rate is the most expensive in KL. The occupancy rate is maybe half, but they don't rush to fill it up by lowering the rent. They would probably never consider it. Instead, they are planning to build a new 60-storey office next to the towers with lower rental rates.

Yes, Malaysia has to be highly capitalist and think big.