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As ties between Singapore and Malaysia deepen, some Singapore businesses may lose out from close links with Johor, but both countries stand to benefit overall, President Tharman Shanmugaratnam said on Wednesday (July 15).He was speaking to reporters after a bPresident Tharman: Some Singapore businesses may lose out from closer Johor ties, but both countries will benefit
As ties between Singapore and Malaysia deepen, some Singapore businesses may lose out from close links with Johor, but both countries stand to benefit overall, President Tharman Shanmugaratnam said on Wednesday (July 15).He was speaking to reporters after a breakfast roundtable with business leaders on the final day of his state visit to Malaysia from July 12 to 15.Addressing questions from the media, President Tharman shared that both sides are investing in bilateral ties and «strengthening complementarity» between the two countries.«It is no secret that, in linking up more with Johor for instance – through the Special Economic Zone and the RTS (Rapid Transit System) Link – there will be some businesses in Singapore who lose out – some service industries will lose out.»However, he noted that while some businesses and service industries may be affected, others stand to gain from closer Johor-Singapore links.«Both countries will be winners,» he said.The President added that the overall gains for Singapore and Malaysia would outweigh any smaller losses, describing this as a mature way of approaching the bilateral relationship. Read more











