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Singapore and Malaysia
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Monday, May 24, 2010
12:44 AM
Once again Singapore and Malaysia has join hand in hand to work together in the economic Since Singapore is small and depend on the other country, it's important for them to have a good relationship with other country such as Malaysia. Malaysia as our neighboring country has help us a lot in providing the resources Singapore has a share in the land with Malaysia and they are discussing about the land swap with the Malaysia. Singapore and Malaysia Prime Ministers has agreed that the Keretapi Tanah Melayu Berhad was currently located in Tanjong Pagar and it will move to a new location in Woodlands checkpoint in 1 July next year. Singapore would facilitate the relocation to the Woodlands train checkpoint and ensure bus service connectivity from the KTMB station at Woodlands to a nearby MRT station for the convenience of train passengers. Malaysia would hold a 60 per cent stake in this company under Khazanah Nasional Berhard while Singapore will have a 40 per cent share to be held by Temasek Holdings. The three parcels of land in Tanjong Pagar, Kranji and Woodlands, and another three pieces of land in Bukit Timah will be vested by M-S Pte Ltd for joint development which in turn could be swapped on the basis of equivalent value for pieces of land in Marina South and/or Ophir-Rochor. Prime Minister Lee will visit Kuala Lumpur within a month with a proposal for the land swap for Malaysia. They should continue to have good rapport to sustain the economic growth.
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