In its dispute with Malaysia over the water price, the Singapore government unwittingly revealed that the price of treated water is only RM2.40, or S$0.80/thousand gallons.
The Singapore government however sells treated water to Singaporeans at S$4.58/thousand gallons. This is a profit of S$3.78, or 472%, off the cost.
According to its annual reports, Singapore’s Public Utility Board (PUB) made S$234 million in the financial of 2018. This profit is made prior to the 30% increase in water price, announced by Prime Minister Lee Hsien Loong in 2017.
Despite Malaysia providing near-zero cost of S$0.01/thousand gallons of raw water everyday for the past 57 years since Independence, the Singapore government did not pass down the Malaysian subsidies to Singaporeans.
Instead, the Singapore government profited off the people, racking in hundreds of millions every year.
The Singapore state media unwittingly revealed the cost of the treated water in its propaganda article trying to sow discord between Johor residents and the Malaysian government:
“Singapore has said that the cost of treatment is in fact RM 2.40 per 1,000 gallons while Malaysia sells the treated water to Johor citizens at RM3.95 per 1,000 gallons.”