CHAPTER 3

Country Development and Attracting Business

About 500 years ago, the Portuguese established themselves in what is nowadays called Malaysia. Since that time the Dutch had it as their colony but more recently from the eighteenth to the twentieth century, Malaysia fell under British rule. During the Second World War it was occupied by Japan. Singapore had a similar history and had its period of falling under the British rule and was occupied by the Japanese. In 1948, the Federation of Malaya was formed, which became independent in 1957. In 1963, this Federation of Malaya with among others Singapore formed Malaysia. However, Singapore was not part of Malaysia for very long. In 1965, Singapore became independent. Singapore had little going ...

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