Singapore President Tharman Shanmugaratnam has acknowledged that deeper economic integration between Singapore and Malaysia will result in some businesses losing out, even as both countries stand to benefit overall from the arrangement.
In comments on the bilateral relationship, Tharman stated that accepting such trade-offs represents a mature approach to economic cooperation. "We have to accept that, with the larger win, there will be some losses. And that is a mature way of thinking about the bilateral relationship, on both sides," he said.
The remarks reflect ongoing efforts to deepen economic ties between the two neighboring nations, while recognizing that increased integration and trade liberalization typically create winners and losers across different sectors and businesses.
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