I had to leave halfway through the summit today but found the morning session interesting. Last year, at Value Investing Summit 2013, the CEO of Propex also spoke about Iskandar Malaysia but didn't provide much substance. This year, they got a Malaysian who is staying in Iskandar Malaysia, John Chan, presenting facts, figures and trends. Iskandar Malaysia is basically copying Singapore's model and will probably grow like Shenzhen did years ago feeding off Hong Kong's prosperity. The main attraction of Iskandar Malaysia are the lower costs overall. Factory space costs 20% as much as Singapore's. Water costs a sixth that of Singapore's. Wages are half of that in Singapore. Although corporate tax is higher at 25% compared to 18% in Singapore, many businesses are relocating from Singapore as the costs are simply too high here. Politically, both governments in Malaysia and Singapore are committed to the success of Iskandar Malaysia ......