In 1965 Malaysia kicked Singapore out of the Malaysian federation, and Tunku Abdul Rahman thought he had won. He had dumped a port city with no oil, no farmland, no fresh water, and two and a half million people crammed onto an island smaller than Lake Tahoe. Sixty years later Singapore's GDP per capita runs past $84,000 while Malaysia limps along under $12,000. The man who got expelled built the richest patch of dirt in Asia. The man who did the expelling built the New Economic Policy.
Let's study what happened.
Start with what Singapore lacked. No resources. No hinterland. No domestic market worth the name. By every theory that says a nation needs raw materials to prosper, Singapore should have starved. Instead Lee Kuan Yew made his country a place where capital felt safe. Low tariffs. Easy entry for foreign firms. Courts that enforced contracts instead of shaking down the parties. Corporate tax dropped to 17 percent, personal rates capped at 22, no tax on most capital gains. Money flowed in because money is not stupid.
Malaysia chose the opposite. The New Economic Policy was racial central planning dressed up as fairness. Bumiputera quotas demanded that ethnic Malays hold 30 percent of corporate equity, that government contracts favor Malay-owned firms, that universities admit by race rather than ability. The state picked winners by bloodline. Predictably, the productive Chinese and Indian minorities took their capital and brains elsewhere, much of it to (where else) Singapore. You distort prices and incentives long enough, the talented people leave. They always leave.
Lee Kuan Yew was not perfect. The man jailed opponents, sued journalists into poverty, and ran a soft authoritarian state with a fondness for caning. He banned chewing gum, which is the kind of thing a control freak does when he runs out of real problems. Singapore is no libertarian paradise. The government owns Temasek and GIC, sovereign wealth funds sitting on close to a trillion dollars combined, and public housing covers 80 percent of the population. Plenty there for a free market thinker to dislike.
But here is the lesson Malaysia missed. Lee understood the difference between an interventionist government and a parasitic one. Singapore's state stayed mostly out of the price system. It kept inflation low, the currency credible, the bureaucracy clean, and trade open. Transparency International ranks it the fifth least corrupt country on earth. Malaysia sits at 57th, with a former prime minister, Najib Razak, currently serving time for looting 1MDB to the tune of billions. One country treated public office as a trust. The other treated it as a buffet.
Capital responds to incentives, not slogans. When Singapore guaranteed property rights and kept the rules predictable, Exxon and Shell built refineries, banks set up regional headquarters, and the port became the busiest transshipment hub in the world. When Malaysia told investors that race would override merit and that the rules could change whenever a minister felt like it, the smart money discounted everything by a risk premium. Over fifty years that premium compounds into a $70,000 gap in living standards.
If it’s valid to leave a man because he can’t afford the life you want, then it’s valid for a man to leave a woman once he’s successful because she’s no longer the woman he wants.
You can’t call one empowerment and the other betrayal. 🤷♀️
Lawyers, check your BP and blood sugar. Mental pressure and sedentary lifestyle are typical.
The most important requirement for taking the silk or becoming a partner isn't the number of briefs bagged, the money in the account, or how huge the library is.
The most important requirement is being alive and healthy.
I say this as a university lecturer who has not remained in the comfort of lecture rooms and journals.
I teach. I publish. I supervise students. But I also build companies, test materials, develop products, work with contractors, set up production systems, train technicians, own mineral licences, and try to move knowledge from the university into industry. So I fully understand the frustration when academia looks disconnected from society.
But publications are not the enemy.
A publication is how knowledge is tested, recorded and shared. Many of the technologies we celebrate today began first as research before they became products, industries and jobs. The problem is not that professors publish. The problem is that we have not built strong enough bridges between knowledge and production.
And here is where I think we must be more honest. Our commerce does not sufficiently reward production. It often rewards importing, brokering, trading and distributing more than it rewards designing, manufacturing, testing, improving and scaling local products. In such an economy, even good research struggles to become industry.
So yes, let us demand more impact from universities. Let us ask professors to engage society, industry and government more directly. But let us not pretend that counting publications is the root problem. The deeper problem is an economy that has not created enough pathways for knowledge to become products, enterprises, standards, policies and jobs.
We need professors who write, and we need professors who build. More importantly, we need a country that rewards those who turn knowledge into productive value.
🚨 Wayne Rooney on Declan Rice's set-pieces that inspired England's 4-2 victory:
🗣️ “For the whole of last season, people mocked Arsenal's set-pieces. They called them boring, said they were ruining football and claimed they could never win the biggest trophies playing that way.
Now look at England.
Declan Rice is delivering those same quality dead balls and they've played a huge part in a 4-2 win.
I've watched this World Cup closely and one thing stands out: Arsenal players have consistently produced dangerous set-pieces, with several leading directly to goals.
Maybe the issue was never the set-pieces.
Maybe people were simply frustrated because their own teams didn't have players capable of executing them at that level.
Football fans love effective set-pieces when they're winning games. They only complain when someone else is better at them.”
Ankole butter is rooted in tradition and skill passed down through generations. With Geographical Indications, its authenticity is protected and recognised beyond borders.
URSB registers GIs for unique Ugandan products like Bugisu coffee and Ankole butter, ensuring only the genuine producers can use the name.
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Kenya's soccer-mad President William Ruto, an avid Arsenal fan, said he had invited the Premier League champions to visit after thousands of jubilant supporters flooded Nairobi's streets to celebrate the club's first title in more than 20 years https://t.co/nontsifw26
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NOTICE: Deregistration of Companies from the Register
The Registrar of Companies has deregistered 37,702 companies that failed to apply for restoration after being struck off the register for non-compliance with annual return filing requirements.
Business owners and stakeholders are encouraged to check the published list and contact URSB for any inquiries or guidance.
Find the list here: https://t.co/TJ4sK8iODz
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Leadership is not a title; it is a responsibility.
Leadership is about creating the future, not merely managing the present.
Great leaders are defined by integrity, resilience, and service.
US President Donald Trump, Iranian President Masoud Pezeshkian, and Pakistani Prime Minister Shehbaz Sharif sign the Islamabad Memorandum of Understanding to end the US-Israel war on Iran.
🔴 LIVE updates: https://t.co/snAR8SBhl1
Explainer: What is misprision of treason?
A person charged with misprision of treason is not accused of participating in the alleged treasonous activities
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Your client is in London. Your designer is in Ntinda. Your meeting is on Zoom. Your payment arrives on your phone.
The internet didn't just change how we work. It changed where we can work from. Today, your next customer could be across the street or across the world.
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