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Malaysia To Ask Singapore For Revised Water Deal Again- The Beanstalks Were Burnt Under The Cauldron And The Beans In The Cauldron Wailed
By Investment Income for Life  •  September 28, 2019

This is really bad for Singapore. The Malaysian government is coming after Singapore again. Mahathir is saying that as the economy of Singapore is well developed, we should pay more. A fresh proposal on revised water rates is being tabled again. But Mahathir has conveniently missed out the main essence again, that is, contractual terms needs to be respected and has nothing to do with being rich or poor. The hustling continues. The 1962 water agreement (1961 there was another one which had expired) is not just about water. It is more than that. It involves the sovereignty of Singapore. The water agreements were guaranteed by the Government of Malaysia in the Separation Agreement signed in 1965 that established Singapore as an independent and sovereign state. The guarantee was also enacted into the Malaysian Constitution by an Act of Parliament. The Separation Agreement was also registered with the United Nations....
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By Investment Income for Life
I am an Accountant by training and is currently working in a global MNC in the Supply Chain industry. During my free time, I enjoy reading up on topics such as stock investing, insurance planning and property investment. Since 2012, I have started penning down my thoughts on certain financial matters while striving to achieve financial independence.
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