US

Singapore says US understands its position on WTO privileges

(Aug 1): Singapore says it has an understanding with the US that the city state doesn’t take advantage of privileges that come with “developing country” status in the World Trade Organization.

In response to a tweet last week from US President Donald Trump accusing countries of abusing that status, and ordering his top trade negotiator to take action, Singapore’s Minister for Trade & Industry Chan Chun Sing said his government had never taken advantage of such benefits.

Briefs

SINGAPORE (July 8): “Large organisations respond to leadership, not administrative heads and not managers but leaders, and Iacocca was a brilliant leader.”Long-time car industry executive Bob Lutz, describing his mentor Lee Iacocca, who led Ford, then Chrysler. Iacocca died on July 2 aged 94.

Boeing pledges US$100 mil for 737 Max victims’ families

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Iran shoots down US military drone in Gulf region

DUBAI/WASHINGTON (June 20): Iran has shot down a US drone which the elite Revolutionary Guards said on Thursday was flying over southern Iran, raising fears that a major military confrontation could erupt between Tehran and Washington.

Guards website Sepah News said the “spy” drone was brought down over the southern Iranian province of Hormozgan, which is on the Gulf.

Briefs

SINGAPORE (June 10): “A lot doesn’t depend on the retail shareholder; it depends on us to be able to ensure that what we put in front of us is in line with the objectives of the retail shareholder.”Temasek International CEO Dilhan Pillay Sandrasegara, downplaying the need for the state investment agency to introduce retail shareholder advocates.

US arms Taiwan

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US sanctions on Huawei could backfire

SINGAPORE (May 27): It was only to have been expected. After nearly a year of pressure that failed to stop Huawei Technologies Co’s expansion -- especially in the rollout of the next generation 5G wireless network globally -- in its tracks, US President Donald Trump signed an executive order effectively barring American firms from doing business with the Chinese telecommunications equipment company.

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Bad call

Despite assertions otherwise, the US blacklisting of Huawei Technologies looks aimed at crippling its business. But in this age of globalised business, it could backfire.

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Will Huawei go the way of ZTE following US ban?

SINGAPORE (May 24): The ripples from the US ban on Huawei Technologies Co continues to be felt, as distributors and suppliers pull their inventory and halt their shipments.

And some observers have pointed have the similarities – and differences – of this ban with that slapped on telecom equipment provider ZTE Corporation just last year.

“History doesn't repeat: it rhymes. And this certainly rhymes with the ZTE experience,” says William Carter, deputy director and fellow, Technology Policy Programme, Centre for Strategic and International Studies.

The global economy is better than you think

SINGAPORE (Apr 15): Gloom pervades the reports we read on the global economy. Data showing a slowdown is described breathlessly as the worst in so many months or years, giving a sense that things are just getting from bad to worse. Now, the International Monetary Fund has joined in and downgraded forecasts for global growth. But are things really that bad? In fact, we find five strong reasons why global growth could surprise on the upside, boosting prospects in our trade-dependent region.

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US-China trade dispute likely to re-escalate after Mar 1, says Fitch Solutions

SINGAPORE (Jan 11): Fitch Solutions Macro Research is suggesting a high likelihood that the US-China trade dispute will re-escalate after Mar 1, due to disagreements over a number of outstanding key concerns.

One such concern is a persistent lack of detail surrounding the planned increase in Chinese purchases of American goods and services, which have only been characterised as “substantial” – a term that Fitch notes has been similarly used in statements following presidents Trump and Xi’s dinner meeting at the G20 summit in Dec 2018.

Defiant Xi Jinping says no one can dictate reforms to China

BEIJING (Dec 18): President Xi Jinping said China would stick to its policy agenda, despite pressure from the US and others to allow more competition in its economic system and reduce support for state industry.

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