2. True, I did not negotiate successfully the increase of the 3 sen per 1000 gallons of raw water. You know why? If we demand an increase to 6 sen (100%), Singapore would increase the treated water price to RM1.00 (100%). Of course if we increase to RM6.00 Singapore would demand an increase to 50 x 2000% = RM100.00.
3. Yes, Malaysia profited by buying treated water at 50 sen. Malaysia’s entitlement was only 12% of the raw water it sold to Singapore. The cost of treatment is not RM2.40 as alleged. It was only RM1.20. However, since the Singapore dollar has appreciated against the Malaysian Ringgit from being at par to RM2.40, the same cost to Singapore would now be about 2.4 times the original RM1.20.