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NEWS UPDATES Asean Affairs     May 3, 2017  









Singapore, US look to deepen ties in fintech, e-commerce

Singapore and the United States are looking at ways to deepen collaboration in areas such as infrastructure, financial technology, smart city solutions and e-commerce.

Minister for Trade and Industry (Industry) S Iswaran and US Commerce Secretary Wilbur Ross met at the sidelines of the Milken Institute Global Conference in Los Angeles, and discussed ways to facilitate business opportunities for companies through the US-Singapore Collaboration Platform memorandum of understanding (MOU), according to a MTI press release on Tuesday (May 2).

The MOU was signed between MTI and the Department of Commerce during Prime Minister Lee Hsien Loong's official visit to the US in 2016.

“Singapore and the US share strong and mutually beneficial economic relations, and the US-Singapore Free Trade Agreement (USSFTA) is the cornerstone of our relationship,” said Mr Iswaran. “We look forward to deepening our relations with the US and building on our early successes under the US-Singapore Collaboration Platform MOU.”

During the bilateral meeting, Mr Iswaran and Mr Ross had reaffirmed both countries' longstanding economic ties, according to MTI.

The US official also invited Singapore to participate in the 2017 SelectUSA Investment Summit from Jun 18 to 20. The summit is dedicated to promoting foreign direct investment (FDI) in the United States.

According to MTI, Singapore was the US’ largest trading partner in Southeast Asia in 2016, with bilateral goods and services trade totalling US$68 billion. It was also the country’s 13th largest merchandise export destination globally.

At the Milken Institute Global Conference, Mr Iswaran had addressed a roundtable discussion on ASEAN titled "Poised for Growth: The ASEAN Opportunity" and spoke on the importance of globalisation and how free and open markets benefit companies, workers and citizens on another panel session.

During his trip, Mr Iswaran also met with Singaporean and American businessmen based in the city. He was accompanied by Singapore’s ambassador to the US Ashok Kumar Mirpuri as well as officials from the MTI and IE Singapore.


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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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