SINGAPORE, May 12 — Singapore has called on every faction engaged in the West Asia dispute to seek diplomatic solutions and negotiate in good faith, while stressing the critical need to restore full access to the Strait of Hormuz to safeguard international commerce and energy supplies.
Foreign Minister Dr. Vivian Balakrishnan conveyed this appeal in a phone call with his Iranian counterpart, Dr. Seyyed Abbas Araghchi. In a subsequent Facebook update, Dr. Balakrishnan affirmed that Singapore “strongly hopes diplomacy and dialogue will triumph” and insisted that “all parties must partake in sincere talks to achieve a lasting settlement.”
Regarding the Strait of Hormuz, he restated Singapore’s enduring position that, pursuant to the 1982 United Nations Convention on the Law of the Sea and customary international law, every nation enjoys the right to unhampered transit passage along international shipping lanes. “Fully reopening the Strait of Hormuz is vital for regional stability, global energy security, and world trade,” he remarked.
Dr. Balakrishnan also underscored the necessity for Iran to uphold its obligations under the Treaty on the Non-Proliferation of Nuclear Weapons, guaranteeing that its nuclear activities are solely directed towards peaceful ends. — Bernama
📊 Market Context & Insight
Readers may consider leasing investments, budget-friendly housing projects, commercial real estate, and REITs on Bursa. Given the surge in urban migration and tenant demand, combining tangible property holdings with listed REITs can balance risk and tap into growth potential.
💡 What This Means for Malaysian Investors
Note: The information presented is for reference only and does not constitute financial advice. Potential investors should seek guidance from certified property agents or financial advisors in Malaysia.
🔗 Useful Resources
The Malaysian real estate sector is influenced by city-centred demand in Kuala Lumpur, Selangor, and Penang, public programmes such as PR1MA, monetary policy changes by Bank Negara Malaysia, and transport developments including the MRT3 and LRT extension projects. Additionally, REITs traded on Bursa Malaysia mirror wider economic trends.
