The Singapore-Malaysia causeway is on the verge of reopening again after being closed for 20 months.
While the land border with our northern neighbour has been closed since March last year, trade continues to be brisk between Singapore and Malaysia.
In 2020, the two economies engaged in S$103.5 billion worth of merchandise trade, ahead of the US and second only to China.
Our nation was also the largest foreign direct investor (FDI) in Malaysia last year, channeling RM 5.7 billion to our neighbour.
As it stands, Singapore’s gross domestic product (GDP) is slightly ahead of Malaysia’s GDP …
…. but our neighbour may eventually take the lead.
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