Singapore’s gross domestic product will cap its fastest annual growth this year since independence, rising as much as 15 percent to about $210 billion, while the economy of Malaysia, a country 478 times its size, will expand 7 percent to $205 billion, government forecasts show. The nations are scheduled to release their 2010 data by February.
The island that former economic adviser Albert Winsemius once said was considered a “poor little market in a dark corner of Asia” is now ranked by the World Bank as the easiest place to do business, has the world’s second-busiest container port, and boasts the highest proportion of millionaire households, according to the Boston Consulting Group.
more info:
http://www.bloomberg.com/news/2010-11-10/singapore-seen-overtaking-malaysia-45-years-after-split-left-lee-in-tears.html?cmpid=yhoo
kinda shame after read this news few days ago...
M'sia....
please wake up...
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