It companies in singapore and malaysia relationship

Malaysia–Singapore relations - Wikipedia

it companies in singapore and malaysia relationship

INTRODUCTION Malaysia and Singapore relations are unique and special due . the land in Singapore through a joint stock company with Malaysia acquiring. Aug 29, Economic relations between Malaysia and Singapore are “good”, said Malaysian International Trade and Industry Minister Darell Leiking said. Jul 10, Speaking in Parliament on the issue, Minister for Foreign Affairs Vivian Balakrishnan also added that Singapore will fully honour the terms of.

We can not deny that we are interdependent in terms of economic, security and social aspects. For example, in term of economic aspect, most Malaysians know Singapore is one of the biggest investors in Malaysia and vice versa.

it companies in singapore and malaysia relationship

The intensity of cooperations in various areas has been made possible by the warming of the relationship between the two countries in recent years. Official visits by heads of government, ministers, senior officials and etcetera must be intensified from time to time. Under the current leadership of both countries, many efforts have been taken to overcome these problems, for example, regular meetings that incorporate informal social activities such as annual golf and sports meetings between cabinet members of both countries, and the holding of joint cultural and religious festivals that involve the leaders from both sides of the causeway e.

Also, the number increase of visits between two countries at ministerial, senior officials and technical levels.

Thus, it creates the necessary goodwill and positive atmosphere conducive to resolving issues and problems. Recently, the visit of Singaporean political leaders to Langkawi to meet their counterparts of Malaysia is a right time and very important event for both countries.

The current infomal meetings and talks of the leadership of both countries for example is one approach for both countries to design a pathway to resume talks on bilateral issues. Although, we am sceptical that the recent informal meetings would achieve some tangible solutions on outstanding bilateral issues between the two neighbours, the existing meetings show us that both countries are now more open towards each other.

Both leaders currently express their desire to improve bilateral relations of both countries and seem to have adopted a positive attitude towards each other. Secondly, both countries must develop people-to people contacts. We should encourage more visits, more tourist arrival from Singapore and Malaysia and vice versa and also explore ways to develop these contacts. Thereby, they will create the necessary goodwill and tolerance among their peoples.

In promoting greater P-P contacts, both countries introduced the student exchange programs and the joint overseas youth exchange program and etcetera.

These programs were for important for the new generations to know each others and they help to enhance understanding among the younger generation in the two countries. Mass media is an important instrument to flow information to the peoples. Mass media from both countries must be professional in flowing information about their people life and no to be emotional in flowing information of their sensitive issues.

The information will help people on both sides to keep up with developments in the two countries and foster better understanding and bilateral ties. Thirdly, both countries must expand the public sector economic links.

MALAYSIA’S RELATIONS WITH SINGAPORE

The current leadership in both countries made it a point to send the right signals to the business communities in sector both the private sector and the public sector with government-linked companies. Encouraged by the new political and business atmosphere, both of government and private sector have moved quickly in areas such strategic investments, corporate purchases and joint business ventures.

Fromthere was a surge in investment activities led by government-linked companies of both countries. The emergence of Temasek Holdings, the embodiment of Singapore Inc. It acquired 5 percent of Telekom Malaysia for RM2. Fourthly, both countries must develop the private sector economic links. The private sector from both countries took advantage made investments in both sides under the current leadership.

Singapore vs Malaysia for Doing Business | GuideMeSingapore – GuideMeSingapore by Hawksford

The close ties between the private sectors of both countries are important in globalizing world. The companies from both countries could collaborate and cooperate to tap opportunities arising from deeper economic integration. Fifthly, both countries must take initiative in renewing educational and sporting events. These joint programs will create a healthy environment in forging close ties among students and staffs of both countries.

The establishment of joint programs for student exchange program for secondary school of both countries and etcetera. Yet, the traditional sporting activities between officials of the two countries, such as golf, football, tennis, badminton and etcetera need to continue. These series of sport activities will renew friendly and build a good relationship among the peoples of both countries. The intensity of cooperation in various areas as mentioned above has been made possible by the warming of the relationship between the two countries in recent years.

No doubt, the currently positive political environment, growing trade figures and investment flows, increasing exchange of visits and strengthening cooperation in various areas, augur well for the future outlook in our bilateral relations.

it companies in singapore and malaysia relationship

This new momentum which has been created in our bilateral relations would be sustained for the benefit of our two nations and peoples. The current challenging world has brought about a close neighbourly co-operation between the two nations to build resilience and strength.

Both Malaysia and Singapore, are acutely aware of the mutual importance of each other, and continually look for ways and means to improve relations between the two countries. Although many issue are still unresolved to date, both leader currently move forward to improve the relationship of both countries. The relationships between Malaysia and Singapore have entered a new phase under the current leadership.

MALAYSIA’S RELATIONS WITH SINGAPORE | Facts and Details

It is evident in the manner how both countries resolved a dispute over land reclamation works by Singapore. By mutual agreement and compromise, the problem was settled.

it companies in singapore and malaysia relationship

Other issues that still pending, we can use the same approach how to settle our bilateral problems. It can only be achieved if both parties are willing to accept the fact that the key to solving the outstanding bilateral issues is their willingness to compromise.

The realisation by both nations that compromise is the key to better relations could eventually lead to its adoption and therefore better relations. Under Abdullah Badawi era have shown that given goodwill and tolerance, the two countries and their peoples can cooperate and co-exist.

Likewise, the decision of the two governments not to publicly or prematurely comment on the on-going discussions on the outstanding bilateral issues is a new phenomenon and a clear indication that both sides are now determined to resolve the problems without the distraction of them being politicised. Equally important is the realisation and acceptance that even with such issues pending, it is imperative that both sides look at the big picture and work together for mutual benefit in a region and a world that is fast changing.

The two countries are smaller players on the world stage but have the capacity and the wherewithal to contribute meaningfully to regional security and well being. This is a pragmatic way forward. The scope and the advantage of working together are enormous even as the two countries compete where they must and collaborate where they can.

Khaw Boon Wan on intrusions by Malaysian government vessels into Singapore waters

Nevertheless, as with any two close neighbours, the prospect of downturns in bilateral relations cannot and should not be precluded. As a neighbours, we can not avoid have problems. It is in the interest of both countries and their peoples to guard against such downturns by careful management of the relationship.

As Malaysia is one of Singapore's main trading partners, such moves to improve connectivity will enhance economic integration between the two countries.

From an economic perspective, the investment commitments shown by the likes of Temasek and other Singaporean companies in Iskandar can be viewed in the context of the city-state continuing to develop its external economy to augment its limited domestic economy.

Amid gloomy economic growth prospects in its three top trading partners, the US, Europe and China, the Singaporean government has been looking closer to home for investment opportunities.

Singapore's strong relations with Malaysia as well as other countries in the Association of South-East Asian Nations ASEAN provide platforms for investment opportunities that bring the external economy closer to home. This trend is likely to continue as long as the global economy remains sluggish. Relations are set to strengthen Finally, ahead of Malaysia's general election, which has to be held by April next year, it is likely that the Singaporean government will maintain a neutral and pragmatic stance on the eventual outcome.

It would have been somewhat surprised by the results of Malaysia's last general election on March 8th when the Internet played a huge role in causing the ruling Barisan Nasional BN coalition to lose an unprecedented number of seats. It is unlikely that the government will be surprised again. The administration in Singapore is on familiar terms with members of the opposition Pakatan Rakyat as well as the government.

Bilateral ties between Singapore and Malaysia are unlikely to be affected if either of these powerful coalitions wins the election. The institutionalized discrimination introduced in Malaysia after has no overt equivalent in Singapore.

Yet many ethnic Chinese businessmen find it easier to make money in Malaysia, even after paying for Malay participation, than in a Singapore economy dominated by politically protected government corporations and by foreign multinationals that are often offered tax concessions. The traditional entrepreneurial talents of overseas Chinese may find more space in Malaysia than in Singapore, where diplomas and formal skills are the key to advancement.

Singapore, with its huge compulsory savings program, has sacrificed economic freedom on the altar of investment-led growth driven by state-controlled enterprises. In both cases they have ended up, via different routes, with stock markets that are dominated by huge government-linked companies. Malaysia has borrowed many ideas from Singapore and in doing so has raised its own levels of competitiveness, for example in attracting multinationals and competing for port and aviation business.

At the same time, Singapore has been forced to realize that its prosperity depends on its neighbors' success at least as much as its ability to be a player in global finance or electronics. Malaysia supplies Singapore with half of its water.

Once when Malaysia raised the topic of increasing water rates, its leader Mahathir dared Singapore to try stop buying water from Malaysia and survive on processed seawater, According to an agreement in effect until Malaysia was obligated to supply Singapore with water unless the two countries went to war. Tensions between Singapore and Malaysia ebb and flow. In the late s, Malaysians viewed generous interest rates on bank accounts by Singapore banks as a ploy to undermine the Malaysian economy.

Malaysia has banned Singapore military planes from flying over Malaysian air space. Most of all, it has become the region's richest nation and is highly confident, even self-righteous at times. Within the Asian context, when family members quarrel, it is usually kept strictly within the fold. Once it spreads it becomes hard to contain. The water comes in a pipe adjacent to the Singapore-Malaysia causeway over the kilometer- wide Johor Strait. According to an agreement in effect until Malaysia was obligated to supply Singapore with water unless the two countries went to war.

The current contract expires in Kuala Lumpur wants a price increase, or to sell Singapore treated rather than raw water so it could reap more benefits from the deal. But the Marina Reservoir, the 15th to be built in Singapore and the first to be located in the city center, has a much more important role to play.

Malaysia-Singapore economic relationship is good: Minister Darell Leiking

In the process, Singapore has emerged as an unlikely world leader in water conservation, reclamation and desalination. Singapore's first post-independence leader and current Minister Mentor, Lee Kuan Yew, also said that he would have been prepared to send the troops in, if Malaysia had carried out an "act of madness" like cutting off the water. However, with the first water agreement set to expire in and no replacement deal in sight, the Singaporean government has moved ahead at a fearsome pace with its push to reduce its dependence on imported water.

Malaysia periodically threatens to turn of the tap. In the early s, Malaysia took out advertisements in newspapers, saying in effect that Singapore paid way too little for the water it used. When these two decided to wash their dirty linen in public, they must have realised the ugly consequences. Most Thais view this dispute as a family spat.

After all, they used to be one nation. Kuala Lumpur viewed publication of the correspondence between Senior Minister Lee Kuan Yew and Prime Minister Mahathir Mohamad on the price negotiations as an attempt to undermine Mahathir's creditability.

it companies in singapore and malaysia relationship

In this case, losing face is hard to bear when occasioned by a small but richer country. Since then, the water negotiations have become a war of attrition. It is no longer about price or fairness. It is about dignity and national pride. Unfortunately, perhaps, both countries have the resources and skills to wage this kind of campaign well into the future.