Connect with us

Business

ASEAN and China to grow additional areas of complementarities: Singapore’s Deputy PM

Adam Layaan Kurik Riza

Published

on

Singapore’s Deputy Prime Minister and Coordinating Minister for Economic Policies Heng Swee Keat called upon the Association of Southeast Asian Nations and China to strengthen the foundations of current partnerships, and create new areas of complementarities.

o sides should strengthen the rules-based multilateral framework for trade and investments, this was stated by him while delivering a keynote speech at the Future China Global Forum (FCGF) 2021.

Heng said “The ASEAN-China Free Trade Agreement (FTA) is a cornerstone agreement that has benefited all members,”

He continued onto say “Let us work towards upgrading this agreement, to reduce non-tariff measures and address new priorities, especially for the digital economy.”

Furthermore, he called upon the two sides to restructure their aviation links and further liberalize the ASEAN-China Air Transport Agreement to enhance the region’s connectivity, as preparation to recommence cross-border travel begins.

“Beyond ASEAN and China, we must maintain the momentum for global trade liberalization, and build confidence in multilateralism,” he said.

He added that RCEP (the Regional Comprehensive Economic Partnership), which was signed between ASEAN Member States, China, and four other major trading partners is an important next step.”

A non-profit organization organized by Business China known as the FCGF 2021 launched yesterday. The goal of the organization is to reinforce ties between Singapore and China.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

Business

Maldivian regional fleet grows with fourth ATR arrival

FI

Published

on

By

Maldivian, the national carrier of the island nation on Wednesday, announced the arrival of its newest addition to the fleet, a fourth ATR 42-600 aircraft.

The new aircraft added to the carrier landed at Velana International Airport some time on Wednesday.

In order to commemorate the milestone, a special ceremony was held at VIA which was attended by distinguished guests, officials and key partners.

The new aircraft, Maldivian added, will enhance the airline’s capacity to serve more routes and provide increased connectivity for both locals and tourists. Moreover, this fleet expansion also reflects Maldivian’s commitment to offering exceptional service and convenience to its passengers.

At Wednesday’s event to welcome the new ATR aircraft, Maldivian’s Managing Director Ibrahim Iyas emphasized the importance of the new aircraft in the company’s growth strategy.

“We have made great strides toward achieving both operational excellence and a greater passenger experience with the addition of this brand-new ATR aircraft to our fleet,” Iyas commented.

“This aircraft offers an unprecedented level of comfort thanks to improved interior humidity control and much lower noise levels. Modern avionics and exceptional fuel economy which further support our dedication to sustainability while maximizing performance throughout our expanding network.”

Maldivian fleet currently has 25 aircraft which include an Airbus A320 commercial carrier, four ATRs, nine Dash-8 series aircraft and eleven Twin Otter seaplanes.

Source(s): sun.mv

Continue Reading

Business

Economic growth slowed down 4.7% in 2023.: MMA

FI

Published

on

By

Maldives Monetary Authority (MMA) reports the economic growth slowed down 4.7% in 2023.

In its annual report, the central bank reported economic growth slowed owing to muddied performances in the tourism and construction industries.

While last year economic growth slowed 4.7%, it rose by 13.9% in 2022.

Tourism industry activity slipped last year because of the decline in the average duration of stay.

While tourism and construction industries, two of the major economic sectors, observed decline, other major sectors such as financial, fisheries, and private sector credit had gone up.

The Maldives government is taking corrective measures to rectify the economic growth, while President Dr. Mohamed Muizzu’s vision is to elevate the country’s national GDP to USD 12 billion, according to the Minister of Economic Development and Trade Mohamed Saeed.

Source(s): sun.mv

Continue Reading

Business

TMA becomes first Asian operator to receive Havilland Certificate

FI

Published

on

By

Trans Maldivian Airways (TMA), the world’s largest seaplane operator, receives De Havilland Canada’s endorsement certificate, making it the first operator in Asia to achieve the recognition.

At the official endorsement ceremony held last Sunday, De Havilland’s Chief Executive Officer Brian Chafe awarded the endorsement to TMA Chief Executive Officer A.U.M Fazy.

De Havilland owners Sherry Brideson and Robert McDonald, along with senior representatives of the Canada’s aerospace company and TMA officiated the ceremony.

TMA Chief Fauzy had thanked De Havilland’s continued support with its Twin Otters, elevating the operator’s success.

De Havilland CEO highlighted TMA’s success of completing two million flight cycles, which he added is unprecedented anywhere else.

The Canadian aerospace company affirmed continued support to TMA in future as well.

Source(s): sun.mv

Continue Reading

Trending