Singapore
June 2011 | Risk SummarySingapore 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.
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