International Enterprise (IE) Singapore launches the “Singapore Talent Development Alliance” (Singapore TDA) to help Singapore institutions capture growing opportunities in China’s education and training sector.
As the economic hub of West China, Sichuan is witnessing rapid growth. In the first three quarters of 2012, the province recorded GDP growth of 12.8%...
Anticipating the need to engage emerging markets and nurture relationships with the next generation of leaders, International Enterprise (IE) Singapore...
Africa has shown economic resilience with real GDP growing at a compound annual growth rate (CAGR) of 2.6% over the past five years, above the world’s real GDP CAGR of 1.4%...
On a year-on-year (y-o-y) basis, NODX expanded by 6.8 per cent in June 2012, following the 3.2 per cent increase in the previous month, due to both electronic and non-electronic NODX.
Trade agency International Enterprise (IE) Singapore hopes to expand the country's share of the global precious metals market at least five-fold within 10 years and create an Asia-Pacific industry hub, its senior executives said yesterday.
The United States should do more to mine Asean’s economic potential, Singapore Foreign Minister K.Shanmugam has said, citing the city-state as a prime example of a regional partner that has generated outsized returns for the American economy.
The Asia of today is just what the doctor ordered for an American recovery, Mr S. Iswaran, Singapore’s Second Minister for Trade and Industry, told the audience at the Singapore Conference yesterday.
The United States and Singapore will hold annual strategic talks and embark on joint developmental projects in the Lower Mekong region as part of efforts to raise bilateral ties to the next level.
Crumbling global demand restrained factory output in Asia and most of Europe last month, putting pressure on policymakers to shore up growth and counter a spreading malaise, data released yesterday showed.
Lianyungang, one of the northern coastal cities highlighted under the “Jiangsu Coastal Development Strategy”, is set to be a new growth point for East China.
On a year-on-year (y-o-y) basis, non-oil domestic exports (NODX) rose by 1.6 per cent in November 2011, in contrast to the 16 per cent decrease in the previous month, due to both electronic and non-electronic NODX
Foreign companies that are looking to China to shore up wilting global sales have been hit by higher payroll taxes, surcharges to subsidise unions and other changes that are making conditions tougher just as economic growth slows.
Singapore is the world’s fourth fastest growing nation brand but remains less valuable than Hong Kong, according to Brand Finance’s 2011 report analysing the impact a country’s reputation has on foreign consumers and investors.
The financial crisis has made plain how much Europeans have to change before they see themselves as engaged in a shared political enterprise. Too much stress is placed on an insecure constitutional foundation.
The Singapore Business Federation (SBF) yesterday announced the establishment of the SME Committee (SMEC) under its auspices. Its adviser will be Minister of State for Trade and Industry Teo Ser Luck. The Government has set aside about $500,000 for the SMEC through a funding programme run by Spring and International Enterprise Singapore.
Ministers, senior officials and members of the business community will meet in Singapore later this month to discuss on how Malaysia and Singapore enhance bilateral economic relations between both countries. The Malaysia-Singapore Business Forum, organised by the Malaysian Investment Development Authority (MIDA), Ministry of International Trade & Industry (MITI) and Malaysia External Trade Development Corporation (MATRADE), together with International Enterprise (IE) Singapore and the Singapore Business Federation (SBF) will be held on 24 November 2011.
Emerging Asian nations seem to be the only bright spot amid the economic turbulence and will provide plenty of growth opportunities, said Trade and Industry Minister Lim Hng Kiang.
Russia is too huge a market for Singapore firms to ignore, with its big-spending consumers and massive infrastructure upgrading needs, says Rajinder Sethi, International Enterprise Singapore's honorary business representative in Moscow. And while major cities may seem like easier starting points, Mr Sethi says Singapore companies would do well to head first to Russia's less urban regions, instead of competitive, expensive cities like Moscow.
[Singapore] Chinese entrepreneurs cannot rely solely on connections and relationships - or what is more commonly known as guanxi - to be successful in the new global economic environment, said Prime Minister Lee Hsien Loong yesterday.
When it comes to Rio de Janeiro, football, beaches and samba spring to mind - but Brazil's capital of fun and parties also counts Singapore as one of its top 10 trade partners in the world.
With the escalating economic gloom in Europe and the US, emerging economics need to trade with - and invest in - each other more, said a visiting Chilean official.
Singapore's presence at the ongoing Paris Fashion Week - regarded as the most prestigious fashion week on the international fashion week on the international fashion calendar - has more than tripled this year.
Dalian was a model of China's rapid development in the 1990s. Now, it has become a sad example of how that growth has gone out of control. China Correspondent Ho Ai Li documents the port city's unsustainable boom.
Companies are increasingly looking towards Cambodia and Laos as alternative production bases as the rising costs of hiring labour in their home countries deter their continued presence.
According to a report by Frost and Sulivan, revenues from the UAE logistics market is expected to reach US$9.4 billion (*S$11.54 billion) in 2014, compared to US$7.03 billion in 2010.
The food industry in China is various and complex and it is necessary for companies to understand the various distribution channels and consumer consumption habits before making any move in the market.
Chongqing city, home to more than 32 million people, has benefitted from China’s “Go-West” policy that aims to steer investment to the country’s less-developed inland region so as to reduce disparities in wealth between inland and coastal regions.
China’s emergence as an economic superpower in recent years has been nothing short of remarkable. However, should Economist Nouriel Roubini be accurate, its status as a fast emerging economy could soon be in jeopardy.
Executive Vice Chairman of Ufinity, Tan Kwan Yew shares the company’s experience in China and gives some practical advice for business owners who are interested in the China market.
Local investors should consider investing in central China, one of the country's most promising areas according to IE Singapore. The trade agency said its potential is due in part to government calls to grow the domestic consumer market and the region's central location. The divisional director of IE Singapore's China planning and development unit, Mr Foong Kah Keong said yesterday, "Existing market trends coupled with central China's strengths form a strong foundation for the region to become the next high growth area in China".
China’s rapid growth has created the demand for well-trained managers and international schools, especially from the US and Europe, are expanding collaborations with their Chinese counterparts, or setting up school on their own in China.
While self-made male entrepreneurs drove the initial growth of China’s luxury market, their female counterparts are taking over, and luxury goods manufacturers are taking note of this trend.
Drinking has long been a part of China’s culture and the Chinese prefer downing glasses of domestic products. These days however, an increase in purchasing power and demand for foreign products offer a huge potential for alcoholic beverage exporters.
Amidst the backdrop of deepening relations between India and the African continent, China has shown a keen interest to participate in Perth-based Sundance’s iron ore project in Africa.
Australia’s carbon-tax policy is discouraging investment in the country’s power industry and this might create power shortages in five years time, TRUenergy Holdings said yesterday.
Vietnam’s rapid growth in consumer strength is attracting foreign investments in retail and fast moving consumer goods (FMCG). O&L Consultancy's Ong Lay Bin shares with us her insights into the country's sector.
Malaysia’s state-owned energy corporation Petronas announced its intention to build an integrated refinery and petrochemicals complex in Southern Johor.
China’s robust economic growth and emergence as an industrial power house brought about considerable environmental toll. As one of the heaviest polluters in the world, the country is quickly emerging as a leader in the development of green technologies.
Hong Kong’s well-developed infrastructure and an open online landscape have cemented its status as a world-renowned international trade and financial hub. Boston Consulting Group (BCG), on behalf of Google, published a study on the impact and contribution of the internet to the territory’s economy and society.
Indonesia and the European Union (EU) signed a landmark agreement today to purge illegal timber from the European market, with the broad aim of reining in illegal logging.
Vietnam’s growth in income per capita and urbanisation is predicted to drive demand for infrastructure across a range of sectors, including electricity, air travel, roads, telecoms and internet use.
Vietnam’s economic development has been characterised by rapid growth, rising living standards, a growing population and a gradual integration into the world trade flows. Thierry Apoteker details how these translate into market potential and risks.
Mention India and two vastly different impressions usually come to mind – a picture of chaos and disorder that is filled with the cacophony of traffic sounds, or an exotic landscape made up of images that have been illustrated in popular fiction such as E. M. Forster’s Passage to India.
Located close to the historic centre of the city is Utrecht Science Park, a collective of institutions that are dedicated to research and cluster development.
The Vietnamese government is increasingly turning to the public-private partnership (PPP) model to fund the development of their energy, transport, water and seaport facilities.
As Vietnam’s major cities continue to grow, financially and physically, the country is in need of urban renewal. Projects improving transportation by train, road, and air are already in the works and more are on the agenda.
In a bid to raise Vietnam’s seaport capabilities, Prime Minister Nguyen Tan Dung approved a master plan which calls for as much as VND$440 trillion (*S$26.6 billion) to be pumped into building ports capable of accommodating the world’s largest container ships.
Bangladesh’s economy has proved to be resilient in spite of the frequency of natural calamities and the slowdown of external demand. The country has seen an average growth rate of five per cent a year since 1990.
The last thirty years have witnessed a new economic giant in the making. From a country that had minimal economic influence on the world, China has transformed from a centrally planned economy to a market economy, and has now emerged as a global economic superpower.
China has launched yuan trading in the US for the first time, allowing the Chinese currency to become an international currency that can be used for trade and investment globally.
Malaysian Prime Minister Najib Razak announced oil and gas projects worth MYR20 billion (*S$8.4 billion) and Malaysia’s intention to transform the deepwater petroleum terminal in Pengerang, Johor, along the lines of Singapore’s Jurong Island petrochemical complex.
At the opening of the new Fiat factory located in the state of Pernambuco, Brazil’s President Luiz Inacio Lula da Silva said that Brazil would be the fifth largest economy before the Olympic Games that will be held in Rio de Janeiro in 2016.
A population boom is usually seen as a positive sign as it serves as an engine of economic growth. However for India, a rapidly growing population threatens to turn its demography into a crippling burden, according to experts.
Hong Kong’s largest container shipping line, Orient Overseas International Ltd., may add additional routes and services on Asian and Middle Eastern routes as rising wages boost consumer spending in the region.
Indonesia has the largest consumer market in Southeast Asia, worth US$316.7 billion (*S$415.9 billion) in 2009. Domestic consumption is the main driver of Indonesia’s economy; as a result, it was insulated from the weak global demand.
Engr Mustafa Bello, the Executive Secretary and CEO for the Nigerian Investment Promotion Corporation, explains why Nigeria is a good gateway into Africa
Total trade decreased by 4.5 per cent in September 2010, in contrast to the previous month’s 9.8 per cent rise, due to lower sales of both electronic and non-electronic NODX.
Russian Energy Minister, Sergei Shmatko said that the country will invest over US$400 billion (*S$523.58 billion) in the development of its gas sector until 2030.
Africa is commonly seen as the last frontier market for businesses. It has seen growing international interest due to its large and rapidly growing population.
There is no better way to access mainland Europe than through its front door - the Netherlands. The country’s strategic location, highly developed transportation infrastructure, efficient customs authorities, and logistics professionals are enough reasons for foreign companies to grow and expedite their international operations.
On a month-on-month seasonally adjusted (m-o-m SA) basis, non-oil domestic exports (NODX) rose by 10 per cent in August 2010, in contrast to the previous month's 3.9 per cent decline.
The continued expansion of China’s automobile industry could cause harm to the economy. China overtook the US to become the world’s biggest auto market after sales hit 13.64 million units last year.
As the largest exporter of coffee, sugar, can-based ethanol and iron ore, Brazil has the capacity to emerge as an economic powerhouse. However, in an intensely competitive and knowledge-driven global world, the current state of education in Brazil is preventing it from accelerating its economy and establishing itself as one of the world’s most powerful nations.
Singapore investors and businesses have received an open invitation by officials from both Cambodia and Laos to set up and invest in the countries, with both nations promising good returns of investments and generous business opportunities in many untapped sectors.
Sem Chong, Managing Director of Bluetree Electronics Pte Ltd, explains why he chose to market theKube through unconventional means to stand out from the crowd
Lim Der Shing, Chief Executive of JobsCentral Pte Ltd, shares his positive experience engaging BDO, one of the consultants at IE Singapore’s Advisory Centre, for a market feasibility study.
China is one of the fastest growing economy in the world. WBL Corporation, one of the first Singapore companies to establish a presence in China, shares their business experience in China.
On a month-on-month seasonally adjusted (m-o-m SA) basis, non-oil domestic exports (NODX) decreased by 3.9 per cent in July 2010, after the previous month's marginal 0.1 per cent decline.
Investment opportunities in Abu Dhabi’s healthcare sector are on the rise as the emirate pushes to modernise and improve its medical services to serve its rapidly growing population.
On a quarter-on-quarter seasonally adjusted (q-o-q sa) basis, Singapore’s total trade rose by 4.7 per cent in 2Q 2010, following the 9.0 per cent expansion in 1Q 2010.
Singapore companies should invest in developing African ports to raise their capacities in serving the expected increase in African maritime trade volume.
China’s economic growth is expected to accelerate in the coming decade, and the injection of investments will shift from the traditional coastal regions to the western regions.
Multinational companies and foreign-owned corporations with experience in developing urban areas will be given priority to invest and develop the upcoming Thu Thiem New Urban Area in Ho Chi Minh City’s District 2, said Trang Bao Son, deputy head for the Investment and Construction Authority for the township.
On a month-on-month seasonally adjusted (m-o-m SA) basis, non-oil domestic exports (NODX) decreased marginally by 0.1 per cent in June 2010, after the previous month’s marginal 0.2 per cent decline.
The US remains an important market to consider for overseas expansion even though some might say that it is mature, competitive and has limited business opportunities, said Kathy Lai, Assistant Chief Executive for IE Singapore.
India will be one of the top-five civil aviation markets in the world in the next five years, said Praful Patel, the Union Minister of State for Civil Aviation.
On a q-o-q SA basis, Singapore’s total external trade rose by 9.0 per cent in 1Q 2010, at a faster pace than the 3.7 per cent expansion in the fourth quarter of 2009.
Singapore and the Netherlands share plenty of synergies in water and waste management, says Linnie Mackenzie, Area Director for the Netherlands Foreign Investment Agency (NFIA) in Singapore
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