Can I work in Singapore without cancelling the Malaysia EP

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Yes, Singapore does not care whether you have work permits in other countries.

Some caveats:

You are still responsible for Malaysian tax clearance, returning your Malaysia ID cards, etc, and may need to return to Malaysia to complete this.
I'm not sure what your contract says, but the agency trying to impose fees on you will likely find it difficult to collect them even in Malaysia, much less Singapore. If the fees are not mentioned in your contract at all, you can tell them to go pound sand.

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Can I work in Singapore without cancelling the Malaysia EP

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