DistantNews
Support us
Singapore and Malaysia 'building further' on strong economic partnership, says President Tharman
๐Ÿ‡ธ๐Ÿ‡ฌ Singapore /Economy & Trade

Singapore and Malaysia 'building further' on strong economic partnership, says President Tharman

From CNA · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Singapore and Malaysia are strengthening their robust economic partnership, building on existing foundations and future projects, according to President Tharman Shanmugaratnam.
  • Key initiatives like the Johor-Singapore Special Economic Zone and the Johor Bahru-Singapore Rapid Transit System (RTS) Link exemplify this mutual desire for economic complementarity and increased exchanges.
  • The relationship is characterized by deep social affinity and a consistent, forward-looking approach across leadership generations, making it a rarity in today's world.

Singapore and Malaysia are actively deepening their strong economic ties, with President Tharman Shanmugaratnam highlighting that the two nations are "building on it further." Speaking during his first state visit to Malaysia, President Tharman pointed to concrete projects like the Johor-Singapore Special Economic Zone and the upcoming Johor Bahru-Singapore Rapid Transit System (RTS) Link as testaments to this shared ambition.

They reflect our mutual desire to grow the complementarity between our economies.

โ€” President Tharman ShanmugaratnamPresident Tharman cited the Johor-Singapore Special Economic Zone and the upcoming Johor Bahru-Singapore Rapid Transit System (RTS) Link as examples of the shared ambition between Singapore and Malaysia.

These initiatives, he explained, "reflect our mutual desire to grow the complementarity between our economies." The completion of the RTS Link, in particular, is expected to significantly boost exchanges in areas such as tourism, healthcare, and education, underscoring the interconnectedness of the two countries. President Tharman emphasized that the infrastructure development is underpinned by a "deeper foundation of social affinity."

Ultimately, the physical and economic infrastructure we develop rests on that deeper foundation of social affinity.

โ€” President Tharman ShanmugaratnamPresident Tharman explained that the development of infrastructure between Singapore and Malaysia is supported by a strong social connection between the two nations.

He described the bilateral relationship as possessing a unique quality, noting that it has been a consistent choice across generations of leadership to focus on the future and collaborative building. Despite facing and resolving important issues stemming from their interdependence, both nations have prioritized positive cooperation. This forward-looking orientation, focused on mutual growth and shared interests, has forged a relationship that President Tharman called "a bit of a rarity in todayโ€™s world."

difficult to find elsewhere

โ€” President Tharman ShanmugaratnamPresident Tharman described the unique quality of the relationship between Singapore and Malaysia.

President Tharman also acknowledged the natural interconnection among their people, citing the many Singaporean families with ties across the border and the numerous Malaysians and Singaporeans who work and live in each other's countries. He stated that this "enduring sense of kinship and partnership" provides confidence in navigating an increasingly divided world, reinforcing their ability to rely on one another.

We have also had important issues to resolve from time to time โ€“ issues that reflect the very interdependence of the two countries. But we have not let these issues affect our ability to work on positive and new areas of cooperation.

โ€” President Tharman ShanmugaratnamPresident Tharman acknowledged that while Singapore and Malaysia have had issues to resolve, they have not let these problems hinder cooperation in new areas.
DistantNews Editorial

Originally published by CNA. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.