Business Archives - The Singapore Post

Six years on, India’s trade with China to resume via Lipulekh Pass

21Mar

By Nectar GanNo Comments

Six years on, India’s trade with China to resume via Lipulekh Pass

Border trade between India and China through the Lipulekh Pass in Uttarakhand’s Pithoragarh district is set to resume this year after a six-year hiatus. District Magistrate Ashish Bhatgai said following directives from the Union government, “preparations have begun for the trade session, which typically runs from June to September”. The move comes after a No Objection Certificate (NOC) was issued by the Ministry of External Affairs. According to Bhatgai, Foreign Secretary Vikram Misri wrote to Uttarakhand Chief Secretary Anand Bardhan requesting the restoration of trade through the Himalayan pass. The letter mentions that the Ministry of Home Affairs and the Ministry of Commerce and Industry have also granted clearances. Bhatgai said the state government had been asked to dir

U.S. Approves Nvidia AI Chip Exports to China

14Jan

By Grace TsoiNo Comments

U.S. Approves Nvidia AI Chip Exports to China

The U.S. has approved the export of Nvidia’s H200 AI chips to China. New regulations require third-party testing to confirm chip capabilities before shipment. Nvidia must ensure ample supply in the U.S., and Chinese buyers are required to implement 'sufficient security procedures.' On Tuesday, the Trump administration approved the export of Nvidia's H200, the second most powerful AI chip, to China. This move marks a significant step for tech exports between the two countries. As per the regulations, these AI chips will undergo third-party testing to validate their technical capabilities before being shipped. This ensures that the technology meets specific standards and provides a layer of oversight. Nvidia is obligated to confirm that there is an adequate supply of these chip

China’s 2026 first batch fuel export quotas steady year on year, sources say

26Dec

By Stuart WhiteNo Comments

China’s 2026 first batch fuel export quotas steady year on year, sources say

China has issued 19 million tons of export quotas for refined fuels including gasoline, diesel and jet fuel in the first batch of such allowances for 2026, three trade sources familiar with the matter said late on Wednesday. The world's second-largest consumer of oil also gave out 8 million tons of low-sulphur marine fuel export quotas in this batch, they said. Volumes for both were steady compared with a year earlier. China manages its refined fuel exports via a quota system to balance the supply-demand fundamentals in its local market. The commerce ministry did not immediately respond to a Reuters request for comment via fax. State-owned oil entities Sinopec and CNPC, the main receivers of the quotas, were given 13.76 million tons of allowance for gasoline, jet fuel a...

China-led Asia-Pacific region lifts global aviation outlook as profits set to soar

16Dec

By Stuart WhiteNo Comments

China-led Asia-Pacific region lifts global aviation outlook as profits set to soar

The global air travel market has bounced back to pre-pandemic levels, with the industry upbeat about 2026 and the Asia-Pacific region expected to lead worldwide traffic growth, the International Air Transport Association (IATA) said on Monday. Load factors in Asia-Pacific were projected to hit an all-time regional high of 84.4 per cent next year, according to IATA, which represents some 370 airlines, accounting for more than 80 per cent of the world’s air traffic. Passenger demand was strong, with China and India leading regional growth, fuelled by a rebound in tourism and the expanding middle classes, IATA said at a press conference in Beijing. Direct flights between China and India, the world’s two most populous countries, resumed in late October after a five-year pand

Jia Yuan opens Wuhan office in Central China expansion

12Dec

By Stuart WhiteNo Comments

Jia Yuan opens Wuhan office in Central China expansion

Jia Yuan Law Offices has opened a new branch in Wuhan, expanding the firm’s footprint in Central China and enhancing its service capabilities in the region’s capital markets. The Beijing-headquartered firm operates seven offices – Shanghai, Hong Kong, Shenzhen, Guangzhou, Xi’an and now Wuhan. At the opening ceremony on 10 December, Yan Yu, director and founding partner of Jia Yuan, said that as a core city of the Yangtze River Economic Belt, Wuhan offered geographical advantages, dynamic industrial clusters and abundant talent resources, fuelling economic growth and creating broad opportunities for law firms. The Wuhan office will leverage Jia Yuan’s integrated domestic and international service model to support more Central China enterprises in seizing capital opportuni

Trump confronts the EU with its greatest fear: Political interference from its biggest ally

8Dec

By Joanne SerriehNo Comments

Trump confronts the EU with its greatest fear: Political interference from its biggest ally

The United States has launched a cultural and ideological war against liberal Europe The era of harmony in transatlantic relations is over. For Donald Trump’s United States, Europe — with its project of values and defense of the rules-based multilateral order — is an adversary. One that must be steered back onto the illiberal and reactionary path dictated by Trumpism and followed by its European allies: the ultra-right-wing, national-populist, and Eurosceptic Trojan Horses who seek to undermine the European Union from within. Washington, which refers to these groups as “patriotic” political parties and formations, aims to promote them in its new national security strategy. This promise of interference, of meddling in European sovereignty, might sound more like something autocracies

Forum spurs China’s business ties with Central Asia

3Dec

By Stuart WhiteNo Comments

Forum spurs China’s business ties with Central Asia

The importance of leveraging regional development through enhanced investment and connectivity infrastructure was highlighted at the inaugural Tianshan Forum for Central Asia Economic Cooperation, which kicked off on Tuesday in Urumqi, Xinjiang Uygur autonomous region. Themed "Unlocking Connectivity and Investment in Central Asia", the two-day event brought together around 380 participants, including academics, government officials and representatives from international organizations and the private sector. The attendees came from member countries of the Central Asia Regional Economic Cooperation (CAREC) Program, a partnership of 11 countries initiated by the Asian Development Bank. Discussions at the forum addressed opportunities and challenges, the business environment and ...

Trump urged Takaichi not to rise to China’s provocation

29Nov

By Grace TsoiNo Comments

Trump urged Takaichi not to rise to China’s provocation

Although Japan framed a phone call between Prime Minister Sanae Takaichi and U.S. President Donald Trump as a friendly interaction, the U.S. leader, in fact, called for an easing of Japan-China tensions, sources said. During the call on Nov. 25, Trump suggested that steps be taken to de-escalate the situation amid China’s growing backlash over Takaichi’s remarks on Taiwan, the Japanese government sources said. The Japanese and U.S. leaders confirmed that their countries will work together toward that end, they said. “No specific actions were requested of Japan,” one source said. “It was agreed that Japan should respond calmly without rising to China’s provocations.” But Trump did not express support for Takaichi’s suggestions in the Diet that Japan could use force during a

Five ways US government shutdown is hurting – and why it’s about to get worse

31Oct

By Stuart WhiteNo Comments

Five ways US government shutdown is hurting – and why it’s about to get worse

The US government shutdown has entered its fifth week and there is no clear end in sight. With Democrats and Republicans deadlocked over passing a spending plan that would reopen federal agencies, millions of Americans are feeling economic pain that could soon grow worse. The fiscal fight means millions of Americans may not receive food aid, thousands of troops could have to work without pay, and millions may go without heat. Here’s how the shutdown has affected everyday people. Food assistance More than 40 million Americans use the Supplemental Nutrition Assistance Program (Snap) to feed themselves and their families. While that programme had enough funding to survive the first four weeks of the shutdown, the Trump administration has said the money will run out on 1

China and Denmark strengthen business ties through CCPIT delegation

30Sep

By Nectar GanNo Comments

China and Denmark strengthen business ties through CCPIT delegation

A Chinese business delegation led by Ren Hongbin, chairman of the China Council for the Promotion of International Trade (CCPIT), visited Denmark earlier this month as part of efforts to deepen China-EU economic cooperation. The visit included a high-level China-Denmark business roundtable, where companies from both sides discussed opportunities in the green transition, intelligent equipment, and supply chain cooperation. Executives from Danish companies such as Novo Nordisk and Maersk also met with the delegation. According to CCPIT, the meetings reflected optimism about China’s market potential and a willingness from Danish businesses to expand investment. The visit formed part of a wider European tour from September 8 to 13, which also included events in France. It coincid