9.4 C
Hamburg
Friday, March 29, 2024
Home News Chongqing-Singapore MOUs to boost links

Chongqing-Singapore MOUs to boost links

SINGAPORE - Interest is picking up on opportunities for collaboration between South-east Asia and western China as more than 500 business leaders and government officials descended on Chongqing to attend the inaugural China (Chongqing)-Singapore Connectivity Initiative Financial Summit on Friday (Nov 2).

Ten memorandums of understanding (MOUs) were inked during the summit, which aims to enhance regional connectivity under China's Belt and Road Initiative, and the Chongqing Connectivity Initiative Southern Transport Corridor (STC), a rail-sea transport link between China and South-east Asia.

Among the agreements signed, the Singapore FinTech Association will form an alliance with the Chongqing authorities to develop Chongqing's fintech industry, the Monetary Authority of Singapore (MAS) said in a Friday press statement.

Read more on The Straits Times.





Latest Posts

Clean-up operation set to start in Baltimore after bridge collapse

US Navy engineers have sent two cranes mounted on barges to begin the clear-up operation following the collision of the Maersk-operated Dali and the...

Seattle’s terminal launches auto and breakbulk cargo operations

The Panama-flagged vehicles carrier Triumph Ace arrived at Seattle's Terminal 46 on 27 March signifying the commencement of regular auto and breakbulk cargo services...

Asia box lines launch joint Southeast Asia – India service

Wan Hai Lines, Korea Marine Transport Co. and Interasia Lines will launch a new Southeast Asia - India Service VIII on 26 April. The service...

Maersk vessel arrives in Hamburg on maiden methanol voyage

On the morning of 28 March, Ane Maersk, the world's first large container ship capable of utilizing methanol as fuel, with a capacity of...

Asia container exports to US surge in February

In February, container exports from 18 Asian countries and regions to the United States experienced a significant rebound compared to the previous year. According to...