The 2nd company told you to wait 14 days is most likely considering other candidates. Meaning u are probably not their first choice.
Wat you could try is call or email up 2nd company and express your interest but also inform them you have another enticing offer. See if they can speed up, if they do not then u are very likely spare spare candidate.

For 1st company I think 3.75k ain't too bad for Penang if u maintain a modest lifestyle. Most exec level position has no OT. If you have a good manager they might let u do time off in lieu.