Search Result for : Singapore

The Dollar Business Bureau Mergers and acquisitions (M&As) by Chinese firms in nations which are part of the Belt and Road Initiative (BRI) are rising, even as the Government cracks down on acquisitive conglomerates of China to limit capital outflows. The acquisitions by Chinese firms in 68 countries that are officially linked to the foreign policy of President Xi Jinping totaled around $33 billion till August 14, exceeding the $31 billion total count for the entire 2016, as per the data by Reuters. The BRI project, unveiled in 2013, is aimed at creating a modern-day ‘Silk Road’, which connect China by sea and land to Pakistan, Southeast Asia and Central Asia, and further to the Europe, Africa and Middle East. President Xi has ...

The Dollar Business Bureau In order to further strengthen bilateral trade and investment between the two countries, Sri Lanka and Singapore are to formalise the Free Trade Agreement (FTA) later this year, said Sri Lankan Foreign Minister Ravi Karunanayake on Tuesday. The Sri Lankan Minister said that during a meeting with his Singaporean counterpart Dr Vivian Balakrishnan, who is on a visit to the island nation, particular emphasis was given on finding ways and means to further bolster bilateral trade and investment between the two nations. The proposed FTA between Sri Lanka and Singapore is likely to be finalised in the latter part of this year, reported the Chinese official news agency Xinhua. Addressing the media, Karunanayake said that both the countries enjoy robust and strong bilateral ties that have been ...

The Dollar Business Bureau India and Japan have come together in a major way for developing strategic and civilian infrastructure in Andaman & Nicobar Islands and abroad that can distinctively benefit Singapore, said a leading Indian researcher. Rupakjyoti Borah, visiting research fellow at National University of Singapore (NUS), said that India-Japan partnership offers business opportunities to Singapore’s infrastructure companies that are ‘too good to miss’. He further said Singaporean companies could collaborate with firms in India and Japan, not just for building, but also maintaining the infrastructure projects. “A notable area could be the port (sector) as Singapore has rich expertise in this area,” Borah said, while speaking at the Institute of South Asian Studies in Singapore. Borah further said that being a major energy ...

The Dollar Business Bureau The Ministry of Commerce had discussions with the officials of the World Bank in Washington, conveying its concerns over the methodology used by the Bank in ranking countries in terms of ease of doing business. The index rates the top economies among 189 countries. The commerce ministry was joined by officials from the Department of Industrial Policy and Promotion (DIPP) in its discussions. DIPP secretary Ramesh Abhishek shared in a tweet that the detailed interaction with the team in Washington DC resulted in creating better awareness about reforms in India. "The Bank team also sensitized on various concerns on methodological and other issues. All departments/agencies made excellent presentations," Abhishek quipped in his tweet. The annual ratings exercise has been a ...

The Dollar Business Bureau  Concerned over the Indian firms impacted by tightening visa norms by the US, Commerce and Industry Minister Nirmala Sitharaman said on Friday that the entire debate also has to be extended to include several American companies that are reaping profits on the Indian soil. “Let us also understand that not just Indian companies in the US, several big US companies are in India too. They are also here, they are earning their margins, they are earning their profits which go to the US economy,” she said. The comments from the Minister assume significance when Indian firms, specifically IT services providers, are getting worried over the protectionist measures undertaken by US, Australia and recently Singapore. “So, it is a situation where ...

The Dollar Business Bureau  The Confederation of Indian Industry (CII) on Friday signed memorandum of understandings (MoUs) with three universities of Singapore in order to offer training opportunities to the students. The MoUs will allow the Singapore universities and the International Enterprise (IE) Singapore, a government agency promoting foreign trade, to tap into the network of CII of more than 8,000 members for creating international attachment opportunities for students enrolled in the universities. IE Singapore, which is a statutory board under the Trade and Industry Ministry of Singapore, is the lead signatory of MoU and will support these attachment opportunities under the Young Talent Programme for Students. The signatories to the MoUs are National University of Singapore (NSU), Nanyang Technological University (NTU) and Singapore ...

The Dollar Business Bureau On Sunday Nasscom said Singapore’s decision to block tech visas has limited the number of Indian IT professionals to less than 10,000 in the South East Asian nation that could also hamper future deals for the IT companies of the two nations. Nasscom President R Chandrashekhar said: “The number of Indian tech workers employed with various companies, are a few thousand now, probably under 10,000, which is inadequate to drive the growth of the industry," he told. Singapore has for long acted as a gateway for the Indian IT firms to provide their services in the region. Many Indian tech giants, including HCL, Infosys, Wipro and TCS have set up their operations in Singapore. "If things don't change, companies will have to look for ...

The Dollar Business Bureau  In a first between the business institutions of India and Singapore, the Confederation of Indian Industry (CII) has entered into a Technology Partnership memorandum of understanding (MoU) with two agencies of Singapore in order to promote expertise for expanding businesses. The MoU was signed on Monday with Singapore Business Federation (SBF) and International Enterprise (IE) Singapore, a first between Indian and Singapore business institutions. Underlining the importance of the MoUs, High Commissioner of India to Singapore, Jawed Ashraf, termed it as “a step in the right direction” to build a robust partnership in order to expand businesses. “We have to build a roadmap for expanding businesses,” he said. “Even we have bigger tasks for CII, SBF, IE Singapore and others,” he said ...