Monthly Archives: September 2013

China launches free trade zone in Shanghai

China launched a free trade zone in its commercial hub Shanghai on Sunday, state-media reported, with the project seen as a testing ground for much-needed reforms in the world’s second largest economy. The zone, which covers 29 square kilometres (11 … Continue reading

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Singapore must remain focused on tapping Asia’s growth

Singapore’s fundamentals are sound but it must remain focused on leveraging the growth of Asia, especially ASEAN. That call was made by the Economic Development Board’s International Advisory Council (IAC) after it concluded its bi-annual meeting in Singapore on Friday. … Continue reading

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AEC and TPP will be complementary

The ASEAN Economic Community (AEC) and the Trans-Pacific Partnership (TPP) currently being negotiated amongst several countries will complement each other, said Singapore’s Prime Minister Lee Hsien Loong. In a meeting conducted on September 17 with journalists from ASEAN nations, Mr … Continue reading

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Singapore Airlines, India’s Tata to establish new carrier

Singapore Airlines and India’s Tata conglomerate announced on Thursday they would set up a new full-service airline based in New Delhi. Singapore Airlines (SIA) and Tata Sons have signed a memorandum of understanding and applied for government approval for the … Continue reading

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Use of China currency up 40% in Singapore

The use of renminbi (RMB) has gained traction in Singapore since the launch of RMB clearing arrangements this year. The Monetary Authority of Singapore (MAS) says RMB deposits in Singapore have grown by 40 per cent since the end of … Continue reading

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LG to build $1.5-bil hi-tech plant in northern Vietnam

The northern city of Hai Phong licensed South Korea’s LG Electronics on September 10 to build a US$1.5-billion high-techcomplex. The complex, which will be located in the Dinh Vu – Cat Hai Economic Zone, will manufacture products from air conditioners … Continue reading

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Thailand’s economic situation in the second half of 2013 would improve

Prime Minister Yinluck Shinawatra believed that the Thai economy in the second half of 2013 would improve in the face of global economic volatility. In the weekly program “Yingluck Government Meets the People” on 7 September 2013, the Prime Minister … Continue reading

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