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Why Malaysia's lockdown could tip Singapore over the edge

Bloomberg
Bloomberg • 4 min read
Why Malaysia's lockdown could tip Singapore over the edge
“Malaysia and Singapore remain joined at the hip by geography and history,” says Maybank economist Chua Hak Bin.
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(Mar 18): Malaysia’s lockdown is the latest threat to a Singapore economy already reeling from the coronavirus outbreak.

The city state relies heavily on its neighbour’s workers and food, and Malaysia’s move Monday night to ban all visitors and prevent residents from traveling overseas for about two weeks will choke off a key labour channel.

Maybank Kim Eng Research estimates that about 400,000 Malaysians working and studying in Singapore cross the border on a daily basis. Singapore Minister for National Development Lawrence Wong said Sunday about 300,000 people travel across the land checkpoints each day.

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