Business Archives - The Singapore Post

6th India-japan Indo-pacific Forum Unveils Unprecedented Collaboration With Shared Vision

29Nov

By Nectar GanNo Comments

Asia, Business, World

6th India-japan Indo-pacific Forum Unveils Unprecedented Collaboration With Shared Vision

SYNOPSIS The 6th India-Japan Indo-Pacific Forum, attended virtually by External Affairs Minister Dr. S. Jaishankar and his Japanese counterpart Toshumitsu Motegi, showcased the deepening collaboration between the two nations. Both emphasizing the Indo-Pacific as a strategic area, they addressed challenges like terrorism, climate change, and China's expansionism. Key initiatives were discussed, including the QUAD, Supply Chain Resilience Initiative, Clean Energy Partnership, and Semiconductor Supply Chain Partnership. Dr. Jaishankar highlighted these ventures as crucial for a reliable global economy, emphasizing their significance in various domains. The ministers also acknowledged the pivota...

At-Sea Political Officers Could Pose Problems for Chinese Navy in War, Experts Say

21Sep

By Grace TsoiNo Comments

Asia, Business, China

At-Sea Political Officers Could Pose Problems for Chinese Navy in War, Experts Say

While the Chinese Navy has made progress operating at sea, institutional issues between its military and political leadership could pose problems in a wartime scenario, a panel of experts said Wednesday. The People’s Liberation Army Navy’s unique command system aboard its warships has never been proven during conflict, Rear Adm. Michael McDevitt said during a panel event hosted by the U.S. Naval Institute. “The shared command between the warship’s captain and a ship’s political officer is a potential weakness, one that is foreign to the Western tradition of naval command because in this case, the commanding officer and the political officer are essentially coequal. Now this is the only system that the PLA Navy officers have ever known,” McDevitt said.“What we do know is it has never

President for improving economic and cultural ties with Sri Lanka and Korea

24Jun

By media teamNo Comments

Asia, Business

President for improving economic and cultural ties with Sri Lanka and Korea

In order to further strengthen bilateral relations, President Dr. Arif Alvi called for further expanding bilateral economic, commercial, and cultural cooperation with Sri Lanka and the Republic of Korea on Friday. The president shared these opinions with the departing Sri Lankan High Commissioner, Vice Admiral (r) Mohan Wijewickrama, and the departing Republic of Korea Ambassador, Suh Sangpyo, during their separate calls to him at Aiwan-e-Sadr. The president expressed Pakistan's great regard for its multifaceted connection with Korea, which included partnerships in a number of areas including politics, economics, science, culture, and people-to-people contacts, in his conversation with the departing Korean ambassador. He emphasized that Pakistan was open to trade and investment from all o...

Saudi Arabia declares plans to establish a contemporary Arab-Chinese “Silk Road”

14Jun

By Joanne SerriehNo Comments

Asia, Business, China, Politics

Saudi Arabia declares plans to establish a contemporary Arab-Chinese “Silk Road”

At the 10th Arab-China Business Conference, the Saudi Investment Ministry said on Monday that a contemporary "Silk Road" will be established between China and Arab nations in order to assist Saudi Arabia in diversifying its economy and enhancing the capabilities of its young. With more than 3,000 attendees this year, the two-day event, which began on Sunday in the Saudi capital of Riyadh, is the greatest in scope since it began in 2005. More than 30 ground-breaking agreements worth over 70 billion yuan ($9.8 billion) were signed on the first day of the conference, demonstrating the enormous potential for economic and investment cooperation between China and Arab nations. China and Arab nations' economic and commercial cooperation is quite complimentary. According to the confer...

Arab-China Business Conference: As investors pour into Riyadh, China hopes to expand its commercial ties with the region, but politics are becoming “more complex.”

11Jun

By Joanne SerriehNo Comments

Asia, Business, China

Arab-China Business Conference: As investors pour into Riyadh, China hopes to expand its commercial ties with the region, but politics are becoming “more complex.”

More than 3,000 participants from 23 nations will attend the two-day conference starting on Sunday in Riyadh.With US interest in the area reportedly waning, China's interest in the Middle East has increased on many fronts, from commerce and oil to defense.In a forthcoming business event in Saudi Arabia, Chinese companies are looking to expand their commercial prospects from Beijing's expanding links with the Middle East, but observers say there are still questions about how much can be accomplished given the complex economic and political relationship. More than 3,000 corporate and governmental leaders from 23 nations and regions, including Hong Kong and mainland China, will attend the two-day Arab-China corporate Conference, which gets underway on Sunday in Riyadh.China's ambassador t...

When you travel, there are things “Bigger Than Politics”: S Jaishankar

4Jun

By News DeskNo Comments

Asia, Business, Politics

When you travel, there are things “Bigger Than Politics”: S Jaishankar

S. Jaishankar said that he can speak for himself and avoids politics when he travels, speaking at an event in Cape Town after attending the BRICS foreign ministers' summit.Cap City: Days after Congressman Rahul Gandhi frequently criticized Prime Minister Narendra Modi and his administration during his current US tour, External Affairs Minister S Jaishankar stated on Saturday that there are sometimes "things bigger than politics" when one leaves the nation.Rahul Gandhi, a former leader of the Congress party and a former member of parliament, spoke to Indian Americans in Santa Clara, California, earlier this week. He called Prime Minister Modi a "specimen" and criticized his administration's policies on a number of fronts. S. Jaishankar said that he can speak for himself and avoids polit...

<strong>Xi’s Policies Driving Rich Businessmen To Flee China</strong>

26Jan

By Joanne SerriehNo Comments

Business, China

Xi’s Policies Driving Rich Businessmen To Flee China

Chinese leader Xi Jinping's crackdown on industries such as technology, real estate and education, and his push for "common prosperity" over the past two years, have terrified China's wealthy community. Especially since Xi Jinping won his third term at the 20th National Congress of the Communist Party in October last year, rich people's worries about their future in China have worsened. Bloomberg News reported on January 25 that there is a massive surge in Chinese seeking to immigrate to North American countries. Wealthy Chinese are desperate to move as soon as possible. It reported that China faced about $150 billion in annual capital flight and would face a large outflow of funds in 2023, which might put pressure on its currency, yuan and the current account. A large number o...

China’s Push to its Digital and Security Companies in Gulf

16Jan

By Joanne SerriehNo Comments

Business, China

China’s Push to its Digital and Security Companies in Gulf

markets and strategic hubs. However, the same threats that the West alleged to have faced with Chinese companies cannot be ruled out in the Gulf, even as Beijing is putting an all-out effort to promote its digital and security companies to supply intelligence monitoring networks to Middle East countries. While most of the western countries are banning Chinese surveillance products fearing surveillance and other security hassles, China has increased its engagement to secure contracts in Saudi Arabia, Qatar and others. Qatar’s Ministry of Interior’s (MoI) Internal Security System Department which relied on Swedish technology for its CCTV surveillance systems, is now offering its market to Chinese companies. Hikvision and Dahua are the two prominent Chinese CCTV/video surveillance compani

<strong>CHINA’S BRI PUSH IN 2023 TO FURTHER EXPAND ITS SOFT INFLUENCE</strong>

14Jan

By Nectar GanNo Comments

Business, China

CHINA’S BRI PUSH IN 2023 TO FURTHER EXPAND ITS SOFT INFLUENCE

While China hides the truth about the near-stoppage of its most prestigious BRI project related to the economic corridor between the two countries in Pakistan, the communist country is using the new year to tom tom its success elsewhere. China embarked on the BRI project with Pakistan a few years ago but Pakistan realised neither its citizens nor its infrastructure were in reality profiting from it, other than provide China a land and rail facility to move its goods to Europe through Pakistan. During the period Imran Khan was Prime Minister, he saw through the game. Many projects were suspended as local Pakistanis started protesting, angered at the easy prosperity of Chinese nationals living in their country working on the projects while local Pakistanis hardly got any jobs or other...

Singapore greens the investment landscape

27Jan

By Desk TeamNo Comments

Business, Singapore, World

Singapore greens the investment landscape

Singapore greens the investment landscape In recent years, Singapore has been pushing greener standards in the investment and finance market, as well as the larger economy. (Photo: Joel Chong) 'Overall, it's a good thing to have," said Khoo De Wan. He was speaking of Singapore's Environmental, Social and Governance standards, or ESG, which listed companies in the nation must abide by. The local resident and investor added, "It may help to bring in more business, but by itself it's not enough to make a company an investable company. That's my thinking." "Sad to say, the end goal [of investing] is monetary or financial, rather than environmental," said Mr Khoo. Thinking like Mr Khoo's are what the Singapore Exchange (SGX) has been seeking to shift over the past six years or so. This is p...