SingaporeJune 2011 | Risk Summary
Singapore and Malaysia formalised the land swap agreement on June 27, officially putting an end to a 20-year tussle over railway land that Malaysia controls in Singapore. Under the pact, Malaysia will relocate its train station in Tanjong Pagar to Woodlands by 1 July, giving up its control on railway land that runs through the centre part of the city-state and deep into Singapore territory. From a political perspective, Singapore will now regain full sovereignty over its own land. The mutually-beneficial deal is a breakthrough in bilateral relations, and we believe it has paved the way for closer cooperation and new areas of collaboration between the two neighbouring countries.
To read the full article, please choose one of the following options: