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Tag Archives: Singapore

Singapore, Qatar strengthen bilateral ties

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SINGAPORE: Singapore and Qatar have shown that size does not determine a country’s success, President Halimah Yacob said last night. At a state banquet she hosted for visiting Qatari Emir Sheikh Tamim Bin Hamad al-Thani, Madam Halimah spoke of the long friendship between the two small states and the similarities that bind them. “The trajectories of growth and development of ... Read More »

Singapore, Indonesia sign MOUs, launch stamps to mark 50th year of bilateral ties

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SINGAPORE:  Singapore and Indonesia on Thursday (Sept 7) signed a slew of agreements on education as well as disaster relief, as both nations commemorated five decades of diplomatic relations. The signing of the Memorandums of Understanding (MOUs) were witnessed by Prime Minister Lee Hsien Loong and Indonesian President Joko “Jokowi” Widodo, after they held talks at the Istana. Both leaders ... Read More »

Singapore, Nigeria sign double taxation avoidance agreement

Germany-Switzerland sign arbitration agreement for tax disputes

SINGAPORE: Nigeria last week signed a Double Taxation Avoidance Agreement, with the Government of Singapore that would enable investors from both countries attract investments through protection from Double taxation in their transactions. The Minister of Finance, Kemi Adeosun, signed the agreement on behalf of the Federal Government, while Singapore’s Minister of State for Trade and Investment, Dr Koh Poh Koon, ... Read More »

Singapore, Nigeria trade volume hits N846b

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SINGAPORE: The trade volume between Nigeria and Singapore reached N846bn from 2011 to 2015, while the absolute balance of trade was N222 billion in favour of Nigeria. This submission was made by the Minister of Finance, Mrs Kemi Adeosun, on Wednesday in Abuja at the signing of an agreement on avoidance of double taxation with Singapore. Mrs Adeosun noted that ... Read More »

Singapore, China enjoy strong bilateral ties that have adapted to changes

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SINGAPORE: Singapore and China have built a strong bilateral relationship that has adapted with the changing needs of both countries over the years, said Deputy Prime Minister Teo Chee Hean on Thursday (Jul 13) at the FutureChina Global Forum, where he reiterated Singapore’s support for China’s Belt and Road Initiative. He noted that Prime Minister Lee Hsien Loong and Chinese ... Read More »

JETRO plan to increase Japanese exports to Malaysia, Singapore

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TOKYO: Japan External Trade Organisation (Jetro) has identified 11 regions in Japan as part of its regional revitalisation plan to increase its exports, especially to Malaysia and Singapore. Its executive vice president, Miyako Hamano, said the plan will begin in TsubameSanjo, in the Niigata Prefecture, which specialised in metal crafting work. She said Jetro will create a platform for companies ... Read More »

JETRO plan to increase Japanese exports to Malaysia, Singapore

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TOKYO: Japan External Trade Organisation (Jetro) has identified 11 regions in Japan as part of its regional revitalisation plan to increase its exports, especially to Malaysia and Singapore. Its executive vice president, Miyako Hamano, said the plan will begin in TsubameSanjo, in the Niigata Prefecture, which specialised in metal crafting work. She said Jetro will create a platform for companies ... Read More »

Singapore CNB seizes drugs worth S$129,000

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SINGAPORE: More than 1.4kg of drugs – worth an estimated S$129,500 – were seized at Woodlands Checkpoint early on here the other morning, according to a joint media release from the Immigration & Checkpoints Authority (ICA) and Central Narcotics Bureau (CNB). According to the release, a 52-year-old male Singaporean driving a Singapore-registered taxi was stopped by ICA officers for routine ... Read More »

Ezion sued in Singapore over maersk plot claim

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COPENHAGEN: Ezion Holdings Ltd. was sued by a partner which accused the Singapore-based offshore service provider of a conspiracy to induce an A.P. Moeller-Maersk A/S unit to breach charter agreements. Ezion’s stock fell. Ezion created the impression Atlantic Marine Services BV, which it had agreed to charter oil rigs with to Maersk Oil, was in financial trouble, the Amsterdam-based company ... Read More »

Singapore wealth fund takes 49% stake in 10 major properties for about $1.2b in NZ last year

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WELLINGTON: The Singaporean Government’s sovereign wealth fund is expanding its New Zealand property holdings after taking a 49 per cent stake in 10 major properties for about $1.2 billion in the last year. Fletcher Building and Goodman Property Trust yesterday announced that Fletcher had struck a deal to sell a new Wynyard Quarter building, 80 per cent leased to Datacom, ... Read More »

S Korea-Singapore port project costs $646m

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SEOUL: Singaporean Maritime and Port Authority and Daelim Industrial Company have planned a port project costs $646m. The South Korean company has also previously won other projects in Singapore, including the Marina Coastal Expressway deal in 2013 and the construction of one of the country’s Mass Rapid Transit lines last year. Daelim has formed a consortium with a Belgian firm ... Read More »

S Korea-Singapore port project costs $646m

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SEOUL: Singaporean Maritime and Port Authority and Daelim Industrial Company have planned a port project costs $646m. The South Korean company has also previously won other projects in Singapore, including the Marina Coastal Expressway deal in 2013 and the construction of one of the country’s Mass Rapid Transit lines last year. Daelim has formed a consortium with a Belgian firm ... Read More »

South Korea, Singapore to start port project worth $646 million

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SEOUL: The South Korean Daelim Industrial Company has decided a port project  with Singapore of $646 million. This company has also won other projects in Singapore, including the Marina Coastal Expressway deal in 2013 and the construction of one of the country’s Mass Rapid Transit lines last year. A US$646 million deal has been secured by Daelim Industrial Co. South ... Read More »

South Korea, Singapore to start port project worth $646 million

daelum

SEOUL: The South Korean Daelim Industrial Company has decided a port project  with Singapore of $646 million. This company has also won other projects in Singapore, including the Marina Coastal Expressway deal in 2013 and the construction of one of the country’s Mass Rapid Transit lines last year. A US$646 million deal has been secured by Daelim Industrial Co. South ... Read More »

Kintetsu Express to purchase Singapore’s APL Logistics against $1.2bn

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SINGAPORE: Kintetsu Express said that it agreed to pay 144 billion yen ($1.21 billion) to buy all of APL’s shares from its parent. At the close of Tokyo trading, Kintetsu Express was worth $1.5 billion by market value. As of end December, it had current assets of 119 billion yen, including 50 billion in cash and deposits. Kintetsu Express joins Japanese ... Read More »

Japan and ASEAN plan to secure 2020 Tokyo Olympics and Paralympics

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TOKYO: Japan and the Association of Southeast Asian Nations plan to secure the 2020 Tokyo Olympics and Paralympics. This decision was taken on the recent killing of two Japanese nationals by the Islamic State group. The upcoming talks will be co-chaired by Tsukasa Kawada, ambassador in charge of cooperation for countering terrorism and international organized crime, and head of the ... Read More »

Philippines starts road shows in Singapore to get assistance for 11 major infrastructure projects

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MANILA: In order to stimulate support from foreign companies to invest in 11 major infrastructure projects worth P280 billion under the government’s public private partnership (PPP) program, the Philippines government has started a series of International road shows in Singapore. PPP executive director Cosette Canilao showcased the PPP projects during the Philippines – Singapore Business Council Forum held in Singapore ... Read More »

Singapore, France sign pact to fight against tax crooks

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SINGAPORE: France praised Singapore for entering into a new pact that tightens measures against foreign tax cheats seeking to hide their assets in the Asian financial hub. The revised agreement on double taxation, signed by French Finance Minister Michel Sapin and his counterpart Tharman Shanmugaratnam here the other day, seeks to promote business ties between the two countries while plugging ... Read More »

Singapore’s Keppel Corporation offers $2.7b to buy Keppel Land from minority shareholders

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SINGAPORE: Singapore’s Keppel Corporation Limited offered as much as S$3.6 billion ($2.7 billion) to buy out its property subsidiary Keppel Land Limited from minority shareholders. Keppel Corporation holds a 54.6 per cent stake in Keppel Land. For the remaining stake, Keppel Corporation offered to pay as much as S$4.60 ($3.43) in cash per share, a premium of 26 per cent ... Read More »

Singapore awaits Malaysia’s response on two land reclamation projects

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JOHOR BARU: Singapore reclaimed two land projects in the Johor straits for which Malaysia has still not responded. The Singapore government has stated this in republic’s parliament. Singapore Second Minister for Foreign Affairs Grace Fu confirmed that Singapore has not received an official response and EIA reports from Malaysia. This response follows last week’s approval for the RM600 billion mixed-development ... Read More »