Singapore, Shanghai ink 4 agreements to boost services sector

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Asean Affairs 14 May 2015

Singapore, Shanghai ink 4 agreements to boost services sector

SINGAPORE: The Republic and the city of Shanghai, China on Wednesday (May 13) signed four agreements to strengthen the services sector, particularly in healthcare, education and media services.

The International Enterprise Singapore (IE Singapore) and the Shanghai Municipal Commission of Commerce inked an agreement that signals closer ties between both governments. It includes promoting trade in services as well as exploring collaboration in trade, finance, insurance, education, environmental services and smart city developments, according to the IE Singapore press release.

On the business front, Raffles Medical Group is partnering Shanghai New Bund International Business District Investment Group in setting up a 400-bed integrated international hospital in Shanghai Qiantian.

EtonHouse Education Group also signed an agreement to establish its third international preschool in Shanghai at the Shanghai Hongqiao Vanke Business Centre, which is scheduled to open in September 2016. It will cater to 200 students ranging from 18 months to 6 years, IE Singapore said.

Singapore-owned MyChina Channel is also collaborating with China Business Network to distribute the latter's media programmes in the region, the press release said.

Trade and Industry Minister Lim Hng Kiang and Shanghai Mayor Yang Xiong witnessed the signings on Wednesday. This is Mr Yang's first visit to Singapore.

Bilateral trade between Singapore and Shanghai increased 5.6 per cent year-on-year to reach US$2.8 billion last year. Singapore's investments into Shanghai grew 78.1 per cent year-on-year to US$2.19 billion in 2014, IE Singapore said.

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ASEAN ANALYSIS

This year in Thailand-what next?

AseanAffairs 04 January 2011
By David Swartzentruber

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

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