Malaysia's comparative advantage
Najib is saying it again to reassure foreign, esp Singaporean investors, that the IDR is a long term investment and there will be no flip flops of policies again. I think the Malaysian govt knows very well the problems and issues and is trying to alleviate the fears of investors. But talk is one thing. It is actions and concrete rules and regulations that the investors are waiting. And Najib also understand the huge comparative advantage which Johore has vis a vis Singapore in terms of land and labour cost. The Malaysian govt should exploit this fully as the ridiculous land and property prices and rentals in Singapore would make Malaysia extremely attractive. Why are the Malaysians waiting? This is the time to compete aggressively with Singapore and wrestle as many investments as they can to Johore. And it is so easy if they can ruin in the parochial and kampong mentality of the local politicians and keep them at bay. A rich and prosperous Johore is good for everyone. And Johore stands to gain to become the most developed and industrialised and modern state of Malaysia. Only if they have the political will to grab the bull by the horns.