MAY 24 — In his press conference on May 13, then Singapore Prime Minister-designate Lawrence Wong stated unequivocally that he will seek to maintain stability and continuity in...
MAY 24 — In his press conference on May 13, then Singapore Prime Minister-designate Lawrence Wong stated unequivocally that he will seek to maintain stability and continuity in terms of policy thinking and policy-making as a matter of critical priority. Renewal then is understood in terms of the policy-makers, i.e., bringing on board new faces into government .
On our part, Malaysia is also not expected to adjust or modify its attitude and conduct in bilateral relations towards Singapore — as PM Anwar Ibrahim also maintains continuity with previous administrations. As it is, Singapore is integral and indispensable to the eponymous Johor-Singapore Special Economic Zone covering a total area of 3,505sq km, with about 2,300sq km in Iskandar Malaysia and 1,200sq km in Pengerang.
This inter-dependency, unlike that found in the context of the European Union as an example, is driven by a partnership of equals. At least half a million Malaysians work or rely on employment sources in Singapore. Since 2003, foreigners no longer contribute to the Central Provident Fund — Singapore’s equivalent to our Employees Provident Fund . The remaining accounts were closed in April 2024.
Malaysia and Singapore can also explore collaboration in defence, as suggested by EMIR Research back in 2019 . A command and control centre of operations for joint-patrols of the Straits of Malacca and the SCS would be based in the SEZ as the logical choice. The SEZ can be a hub for our defence industries to develop and test weaponry, gadgets and vehicles in collaboration with Singaporean partners .
In line with envisioning SEZ as a financial hub, we could also set up a “secondary” stock market for the secondary board listings . Over the next 10-20 years, digitalisation of the supply chain management in the JS-SEZ should be accompanied by the construction of an integrated and multi-modal network of distribution channels revolving around underground tunnel technology as the centrepiece. The underground tunnel technology could be operationalised by near-synchronous magnetic motors to speed up the supply chain process — cutting delivery times and, if need be, obviating peak hours in the Causeway and Tuas Second Link.
Johor-Singapore Special Economic Zone Malaysia Singapore Relations Malaysia Singapore Trade
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