Monday, June 04, 2018

Singapore My Friend

Singapore, you are our sibling. By proximity, by the number of Malaysians working there, by the number of brain drain cases, and many of us have relatives living in each other's country. We thought that maybe you would be happy for us now that we have changed government, but there are things said and done that maybe you wanted a weak Malaysia to deal with. That you may continue to siphon the brains and resources.

The Straits Times interview: Just come out and be clean.

Transport Minister Khaw Boon Wan today (June 1) openly threatened Malaysia vowing to make Malaysia pay for expenses in addition to the contracted compensation clause of US$125 million:
“Should Malaysia cancel the project, Singapore will study the implications and exercise its rights – including any right to compensation for expenses – in accordance with the terms of a bilateral agreement signed in 2016.”
Wh can't you be happy for us? I am reminded that most of the pronouncements and reforms undertaken by the new government ARE EXACTLY the things many Singaporeans are craving for Singapore. Are you afraid that the new lease of people power and democracy in Malaysia will cause more Singaporeans to "demand for the same"?
Pragmatism is fine. But above pragmatism are fairness, justice and human rights. Why be so vigilant with the HSR cancellation? Singapore would immediately win a lot of goodwill just by scraping any penalty on that case. Its such a small amount but it pays strong long term dividends for both countries. Its an acknowledgment that the contract was undertaken by questionable motives by the previous government. Its not like we want to cancel HSR to spite Singapore. Just roll with it. Its a small price to Singapore.


Andrew said...

Money can break up friends, families. No question about that. And let me say that success over the other, makes one proud and arrogant.

walla said...

Singapore should not demand Malaysia compensate for the HSR project cancellation. It will only drive a wedge between two neighbors joined by the same umbilical cord of history and separated by the very racism that is anathema to Singaporeans from whom Malaysia can learn the much needed lesson.

Moreover, the reason is not because Malaysia wants to spite the agreement but because of the debilitating size of the national debt; the interest charges let alone the long gestation period and other faster-transport technologies by 2069 are also factors.

If Singapore were in Malaysia's shoes, it would have done no less on the very same grounds of prudence and pragmatism that it has espoused since separation of the two countries, and these are in fact the same principles among others like integrity and honesty which have riveted the citizens of Malaysia to make the momentous political change.

Which also means Singapore should not see the regime change as creating a threat to its own government; in fact wanting to be like how Singapore is being run economically should bring pride to its citizens that Malaysians also want the same; else why would so many have gone over to work on the island?

Therefore, instead of seeing the Malaysian regime change as a threat of incitement of Singaporeans, the Singapore government should see it instead as a justification it has been doing things right in a way Malaysia is trying to emulate from now on.

Furthermore, a more prosperous Malaysia is as much a better consumer market for Singapore services such as education administration as a producer with land for more Singaporean investors who would now feel safer about their investments because the Malaysian administration is putting on a new coat of change to be clean, transparent and cost-lean.

And that's how we should look at things from now on - leaven with pragmatism, wisdom and the eternal bond of those from the same origin.

Not just because someone said something in jest. After all, the best of friends often take jibes at each other but it's because they are the best of friends that they know they can take license to do so without undue misunderstanding from silo reactivity.

Now, can i be excused to save NEAsia (again)?

Why Capital Gains Tax Should Not Be Implemented

I have to reiterate why a Capital Gains Tax is a very bad idea for Malaysia. Unique traits of Malaysia: a) Very open economy b) Ringg...