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PM Lee urges Europe to build up stake in Asia

PM Lee urges Europe to build up stake in Asia Prime Minister Lee Hsien Loong has urged Europe to build up its own stake in Asia and share in the region's prosperity as China and India continue to surge forward. He also highlighted that there are opportunities beyond those two countries and ASEAN should not be overlooked. Mr Lee added he hoped Singapore can have a Free Trade Agreement (FTA) with the European Union (EU) one day. Mr Lee was speaking to 180 government and business leaders at the Paris Chamber of Commerce and Industry. During his speech, Mr Lee

Germany interested in Singapore’s assessment of Asia: PM Lee

Germany interested in Singapore's assessment of Asia: PM Lee The German leaders are aware that Asia's development can affect them profoundly and are interested in Singapore's assessment of Asia. Prime Minister Lee Hsien Loong said this to reporters as he rounded off his 3-day introductory visit to Germany in Stuttgart. While in Stuttgart, Mr Lee visited the Bosch headquarters. The facility is responsible for many research breakthroughs - with a daily average of 12 patent applications. It raked in 40 billion Euros in sales last year, hiring 250,000 employees in some 33 countries. Bosch hopes to more than double its presence

Singapore to create investment funds for Asias infrastructure needs

Singapore to create investment funds for Asias infrastructure needs Singapore is seeking to tap opportunities in Asias infrastructure building growth, and it hopes to attract investors by providing incentives for infrastructure funds. Asian countries are expected to spend US$250b a year over the next five years to build large-scale projects such as roads systems, bridges, and power generators, and Singapore aims to make it easier for both institutional and retail private investors to pool their money together to finance such projects. Singapores neighbours like Indonesia and Vietnam are now relying on offshore banks to lend them money for their infrastructure projects,

IKEA to Build Asia-Pacific Logistics Hub in China

IKEA to Build Asia-Pacific Logistics Hub in China (SinoCast Via Thomson Dialog NewsEdge)SHANGHAI, Mar 31, 2006 (SinoCast via COMTEX) --On March 28, IKEA Group of Sweden, the biggest furniture retailer in the world, declared to build its biggest Asia-Pacific logistics center in Fengxian district of Shanghai with a budgeted investment of over USD 120 million. China has been the biggest procurement market of IKEA-the conglomerate of the furniture retailing industry. And the annual turnover of IKEA reaches 14.8 billion euros. Official of IKEA (Asia-Pacific) Hu Dawei said that distribution and logistics are two vitals of furniture retail industry. This logistics distribution center will

Asia should build anti-corruption coalitions: WB

Asia should build anti-corruption coalitions: WB HANOI, Nov. 25 (Xinhuanet) -- Asian countries should build wide anti-corruption coalitions with the participation of people from different social classes, an official of the World Bank (WB) said here on Friday. The construction is quite necessary, especially in the countries which have poor management environment and serious corruption situation, WB director on charge of international relations, Vinay Bhargava, said at a meeting on introducing his book entitled "Challenging Corruption in Asia: Case Studies and a Framework for Action." The book recommends Asian countries review the menu