The tight global economic competition formed between Malaysia and Singapore is finally a thing of the past. The two countries have now found ways to settle their disputes and differences objectively.
The harmonized ties between Malaysia and Singapore are evident. In fact, on November 24-28, 2014, the Belgium economic mission to Malaysia and Singapore will be held in Kuala Lumpur. The prosperities that abound from warm ties formed will be showcased to the Belgian market during the conference.
The following new developments shape the new Malaysia-Singapore’s mutually beneficial relationships. These developments play important roles in the enhancement of the economic, societal and cultural structures of both countries.
Construction of Malaysia-Singapore Express Rail Link
The new Malaysia-Singapore Express Link construction signals something good coming out from the warmer, diplomatic ties formed between two countries. The express link is the key to having better travel connections between Malaysia and Singapore
Exchange of Inflow of Investors
As Malaysia and Singapore welcome investment opportunities from one another, investors that grow assets are exchanged between the two countries. Malaysia can now contribute valuable entities that Singapore does not have, and vice versa.
Stronger ASEAN Status
Stronger ASEAN status dominates as the Malaysia-Singapore ties become strong. Association of Southeast Asian Nations (ASEAN) is the association that covers most of the policies governing the Malaysia-Singapore ally. A stronger ASEAN status initiates better relationships between and among other countries in Southeast Asia.
Iskandar, Malaysia’s Economic Growth
The Iskandar Regional Development Authority reported that Singapore nationals make up 16.6% of total investments in the region. Iskandar, Malaysia’s local economy grows as Singaporeans continue to invest their valuable assets in Iskandar. Economic growth in Iskandar signals economic prosperity for Malaysia itself.
Other Areas for Investment in Malaysia
Other areas in Malaysia promises potential Singaporean investments. In an article published in The Star Malaysia, it was stated that Sabah, Sarawak, the East Coast Economic and the Northern Corridor Economic regions are among the areas where Singaporeans are currently looking to invest in.
Tourism Growth for Both Countries
Tourism for both countries grow as news of a diplomatic relationship becomes publicized. Countries that maintain diplomatic relations with other nations cultivate positive global image. People from all over the world typically prefer to visit countries that maintain international civilities.
Common Interests are rekindled
As many people know, Singapore used to be a part of Malaysia. Singapore was disintegrated from Malaysia as a separate island country in 1965. Common interests that Singapore and Malaysia share are rekindled as warm ties ensue. These interests include cultural and societal long-term objectives.
The Prime Ministers May Not See Eye to Eye Permanently
There’s no telling how long the two prime ministers ruling Singapore and Malaysia will continue seeing eye to eye. The ruling prime ministers of the two countries were sons of former ministers that weren’t exactly friends. Malaysians and Singaporeans need to be prepared for any sudden changes that may form between their countries’ diplomatic ties. On the other hand, Malaysian and Singaporean leaders need to do their parts, too, in being open to compromise on a regular basis.
Immigration Reforms between Two Countries Likely to Take Place
Immigration reforms between Malaysia and Singapore have good likelihoods of taking place. As warm ties are formed, Singapore’s immigration policies for Malaysia and vice versa have potentials to be favorable in the near future. Malaysians wishing to relocate to Singapore, and of course, vice versa, won’t need to be concerned about strict immigration policies that’ll cover their relocation plans.
Civility and diplomacy are the keys to achieving global development. Malaysians and Singaporeans have never felt as happy as they do now. Better relations mean better lifestyle opportunities for both local residents and citizens. The warm ties that bind the two countries are what keep their people hoping for something better to come their ways, in the years to come.
*Article contributed by SereneChua.com