China 

Beijing plays down Commerce Minister Zhong Shan’s inclusion in latest US-China trade war talks

The participation of China’s Commerce Minister in the latest trade discussion with the United States was “normal”, China’s Ministry of Commerce said on Thursday, playing down the eye-catching change in Beijing’s negotiating team.Zhong, 64, joined Vice-Premier Liu He’s phone conversation with US trade representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin on Tuesday – the first phone call between top negotiators since President Xi Jinping and US counterpart Donald Trump agreed… Source link

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Singapore 

ECRL may be relaunched July 25, ‘good news’ soon on JB-Singapore RTS: Malaysian transport minister, Malaysia, Singapore News

KUALA LUMPUR – The newly revived East Coast Rail Link (ECRL) project may be celebrated in a relaunch ceremony on July 25, says Transport Minister Anthony Loke. He said Malaysian companies are also set to play a larger role as they will take on 40 per cent of the project’s civil works. “It is our hope that we fully utilise the project for the benefit of the Malaysian economy, not only at the construction stage but (in future) link up the whole railway network with the ports to ensure industrialisation…

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Home 

Singapore is ‘actively studying’ virtual banking licences, says country’s prime minister

Singapore is actively studying whether to allow companies with no banking parentage to set up virtual banks, paving the way for start-ups like on-demand services operator Grab to potentially enter the formal financial services industry.“Some other countries have created frameworks to license new players with no banking parentage to set up digital banks, i.e. banks without branches or ATMs,” Singapore Prime Minister Lee Hsien Loong said in a speech at the Smart Nation Summit in the city on… Source link

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Global 

Singapore minister says US-China trade war could develop into ‘clash of civilisations’

Mistrust between China and the United States is unlikely to be repaired in the short term and might turn the ongoing trade tensions into “a clash of civilisations”, according to Singapore’s senior minister of state for trade, industry and education.Chee Hong Tat, having seen the rhetoric between China and the US intensify after the Trump administration increased tariffs at the start of May and threatened further duties, believes time and patience will be required to see an improved… Source link

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Global 

Mahathir is not bowing to China on Huawei. He’s standing up to US bully: Malaysian minister

Malaysia’s leader Mahathir Mohamad might be in his 90s but he does not pull his punches – even when global superpowers are in the ring.That much was clear at the 25th International Conference on the Future of Asia hosted by Nikkei, when the prime minister criticised the trade dispute between the US and China, and warned it could lead to “greater destruction”.The nonagenarian openly supported Huawei and called out the United States on its playground-style tactics in controlling the tech industry… Source link

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Singapore 

‘I knew we would have differences from time to time’: ESM Goh on keeping Lee Kuan Yew as senior minister, Singapore News

SINGAPORE – When Emeritus Senior Minister Goh Chok Tong took over as prime minister from Mr Lee Kuan Yew in 1990, he decided to keep Mr Lee in the Cabinet as a senior minister so that any differences between them could be resolved internally. “You know Lee Kuan Yew; if things were to go wrong, even from the grave he would get up. If I were to do something wrong as PM, I would expect him to say something in public,” Mr Goh said on Tuesday (June 4). “It would…

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Singapore 

Malaysian law minister Liew denies interfering with Singapore’s judicial system, Malaysia, Singapore News

PETALING JAYA – De facto Law Minister Datuk Liew Vui Keong has denied interfering with the Singapore Court of Appeal’s decision to stay the execution of P. Pannir Selvam, a Malaysian citizen convicted of a drug charge. Liew, who is Minister in the Prime Minister’s Department, said “a certain quarter” in Singapore – whom he did not identify – had made serious allegations against him about the matter in the past few days. “The allegation that I have interfered with their judicial system is totally unfounded and baseless. It’s purely a…

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Prime Minister asks Vietnam Airlines to provide better services – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Prime Minister Nguyễn Xuân Phúc at Vietnam Airlines’ celebrations to mark the 15th anniversary of its first direct flight to Russia. — VNA/VNS Photo Thống Nhất MOSCOW — Vietnam Airlines should offer safe and competitive services to Russia since traveling between Việt Nam and Russia is more important than ever now since the two nations are working to promote their comprehensive strategic partnership, particularly in trade and investment, Prime Minister Nguyễn Xuân Phúc has said. Speaking at a ceremony held on Thursday by Vietnam Airlines to mark the 15th…

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Singapore 

Manpower Minister Josephine Teo warns public of fraudulent website using her name, Singapore News

SINGAPORE – Beware of a fraudulent website using Manpower Minister Josephine Teo’s name to solicit users to provide personal or financial information. Mrs Teo warned members of the public of the website in a Facebook post on Wednesday evening (May 15). She said that the website attributed comments to her in order to get users to sign up for an online platform, provide their credit card or bank details and to make a deposit. Calling the website “highly deceptive and misleading”, she added that it mixed some facts about the…

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Vietnam 

Qatar seeks build on bilateral agreements to promote trade co-operation with Việt Nam, Minister says – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Qatar Minister of Commerce and Industry Ali bin Ahmed Al Kuwari. — VNS Photo Thu Giang The Government of Qatar is implementing many strategies to establish new trade routes with foreign countries, including Việt Nam, to push up its development in every aspect. Qatar Minister of Commerce and Industry Ali bin Ahmed Al Kuwari speaks with Việt Nam News reporter Thu Giang about his country’s economic growth and the relationship with Việt Nam. Can you tell us about the economic growth of Qatar? Despite global challenges, Qatar has managed…

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