Singapore is a small country but they got lot of money, so they can develop their country in just 10 years while Malaysia is a big country so we need more than that to develop and become rich. Singapore is rich in human resources and good in financial management whereas Malaysia “NO”. If the natural resources in Malaysia are well managed, the situation would be quite different.
Singapore does not have any natural resources and only limited space for building. They even do not have enough water and buy from us. Singapore government is very clever and know to make money from people. Haha…Singapore buy only 3 cents per 1000 gallons of water from Malaysia, after “clean ” it up and sold to people for 50-60 cents per 1000 gallons, very easy to be rich, right?
Other Points: Why Singapore More Richer ?
Besides, they also have lower corruption and higher production. The strategic location as ports for cargo ships, tanker ships etc also makes it become famous and boost their economy up very easily. They will not have much hospital & medical subsidy compared to Malaysia. More foreign students studying in Singapore and they have to pay a certain fees to government.
Why Malaysia slow in progress? Mainly because of the Bumiputra policy? Or the Malaysia leader rather to see the wealth of a country in their own pocket rather than developing a country?