WASHINGTON (AFP) - Singapore's prime minister warned that miscalculations in Asia could set back the fast-growing region for years as President Barack Obama hailed the city-state for military cooperation. On a visit to Washington, Lee Hsien Loong said that the United States had "fundamental interests" in freedom of navigation and stability in a region where China's disputes with neighbors have intensified.
Singapore Prime Minister Lee Hsien Loong called for the U.S. and China to build a greater degree of “strategic trust in each other,” in a Tuesday speech hosted by the U.S.-ASEAN Business Council in Washington, D.C. “China’s development represents a major shift in the balance of power,” Lee said. “China and the U.S. have to strengthen mutual confidence, in order to manage this shift in the global balance wisely and prudently.”
IN the effort to diversify the country’s economy away from its dependence on oil and gas, one of the ideas pitched is to develop Brunei Darussalam as a data centre.
The idea that came from the Brunei government was revealed yesterday by Alexander C Feldman, the President of US-Asean Business Council, which is on a business mission to Brunei Darussalam, in a press conference.
He is leading 30 representatives of 11 well-known US companies in looking for opportunities to work with the Brunei government. The companies include Black and Veatch, Citi, ConocoPhillips, ExxonMobil, Forbes Asia, GE, Google, Merck, Moody’s and Visa.
Bandar Seri Begawan - The US-Asean Business Council is looking forward to working with the Brunei Government on the Trans-Pacific Partnership (TPP) as well as on the preparation of the Asean Economic Community (AEC) which is set to be achieved by the end of 2015.
HANOI, March 13 — Vietnamese Deputy Prime Minister Vu Van Ninh met with President of the U.S.-ASEAN Business Council Alexander Feldman here on Wednesday.
At the reception, which was attended by representatives of 21 American businesses operating in Vietnam, the Vietnamese leader expressed his delight at the fine development of the all-sided cooperation between Vietnam and the United States, noting that there are more American firms to do business in the country.
SINGAPORE : Business representatives from the region are urging delegates at the ongoing 16th round of the Trans-Pacific Partnership (TPP) negotiations to bring talks to a substantive conclusion as soon as possible.
In a joint statement on Friday, ten business organisations from various APEC economies urged negotiators to show flexibility and narrow the range of differences.
Marc Mealy, Vice Chairman of the US-ASEAN Business Council, made the remarks at a seminar on Vietnam-bound investment in New York on March 5, with the participation of over 70 representatives from local companies, trade organizations and investment funds.
Back in 1967, during the height of the Vietnam War, five countries — Indonesia, Malaysia, Singapore, Thailand and the Philippines — quietly established the Association of Southeast Asian Nations (ASEAN) to boost its regional bargaining power. But it would be decades before the fledging trade bloc could pull any real economic muscle.
Evan G. Greenberg, chairman and CEO of ACE Limited, has assumed the chairmanship of the US-ASEAN Business Council starting this month. He will serve for a two-year term as chairman. Greenberg succeeded George Kirkland, executive vice president, Upstream and Gas, and vice chairman of the Board for the Chevron Corporation.
Serving a two-year term, Greenberg succeeds George Kirkland, executive vice president for upstream and gas, and vice chairman of the Board for the Chevron Corporation.
"I am pleased to assume the role as Chair of the Council Board," said Greenberg. "ASEAN is an important and dynamic part of the world. I look forward to working with the Council members toward our goal of supporting ASEAN economic development with greater US business presence, trade and investment."