Singapore offers to help bankroll China's global ambitions

Singapore's Foreign Minister Vivian Balakrishnan walks with Chinese Foreign Minister Wang Yi before a meeting at the Ministry of Foreign Affairs in Beijing China

Singapore's Foreign Minister Vivian Balakrishnan walks with Chinese Foreign Minister Wang Yi before a meeting at the Ministry of Foreign Affairs in Beijing China

Singapore is offering up its financial industry to help bankroll China's ambition to develop a network of ports, railways, power plants and other projects across a broad swath of Asia, Europe and east Africa.

Experts say it faces stiff competition from other financial centers including Hong Kong and London, which also hope to play key roles in China's bid to integrate economies along the path of the historic Silk Road.

While in Beijing, Dr Balakrishnan will meet some Singaporean business representatives based in China for breakfast, Singapore's Ministry of Foreign Affairs said in a statement on Saturday (June 10). "This is a wonderful opportunity to restore, in a sense, these ancient trade links". The city-state of 5.3 million had found itself in Beijing's cross-hairs over its military ties with Taiwan, support for the USA naval presence in the disputed South China Sea and perceived lack of support for the Belt and Road program.

Singapore had been a strong supporter of a rival trade deal to the RCEP, the US-led Trans-Pacific Partnership, before new US President Donald Trump pulled the country out of that pact. The nine armored vehicles were released in late January.

Second US appeals court keeps Donald Trump's travel ban blocked
The Ninth Circuit chose to uphold in large part the injunction on the second iteration of the travel ban, according to the ruling. The three-judge panel of the court upheld a lower court decision and said Trump violated USA immigration law with the ban.

Foreign Minister Vivian Balakrishnan is on a two-day visit to Beijing where he will call on several top officials, including Chinese Vice President Li Yuanchao.

On the South China Sea issue, Wang suggested China and ASEAN members conduct negotiations on the contents of the Code of Conduct (COC) in the South China Sea at an appropriate time after a period of preparation.

But the emphasis was on cooperation.

Wang said China and Singapore can increase cooperation under the Belt and Road initiative via platforms for connectivity, finance and a third-party market.

PNC Financial Services Group Inc. Cuts Stake in Vulcan Materials Company (VMC)
Waterfront Capital Partners Llc increased Life Storage Inc stake by 60,149 shares to 140,649 valued at $11.99 million in 2016Q4. Finally, BidaskClub upgraded Vulcan Materials Company from a "sell" rating to a "hold" rating in a research report on Saturday.

China welcomes Singapore's participation in Belt and Road construction and is ready to work with the country to carry out the Belt and Road memorandum of understanding, Wang said.

Singapore is an important point along the Belt and Road and could provide support to the financing of the initiative as it is a regional financial hub, Balakrishnan told media at a joint press conference held after the talks.

"We will continue to actively advance ASEAN-China relations in the remaining year of our ASEAN-China coordinatorship, part of which will coincide with Singapore's Chairmanship of ASEAN in 2018", he said.

"China thinks it is fine for Singapore and the United States to have a certain level of security cooperation but such cooperation can not undermine China's interests", Xu said, adding that Beijing hoped Singapore would "make adjustments" to its security policy - particularly taking "a more neutral and constructive role" in the South China Sea disputes.

Refs take responsibility for technical foul confusion
Still, the Warriors are in command of this series, a potential clincher awaiting them in Game 5 on Monday. That cut Golden State's lead to 3-1, but as usual Green's stats were only a small chapter of his story.

Recommended News

  • MLB Draft begins Monday

    MLB Draft begins Monday

    Even if he only hits.225 in the majors, he could still be a good fourth outfielder on the merit of his defense and power. Drafting third the Padres are going to have a shot at at least one of them, and they know all of them very well by now.
    Secret Service Does Not Have Any Comey Tapes

    Secret Service Does Not Have Any Comey Tapes

    Similar records are turned over to the National Archives and the Records Administration after a president's tenure is through. Trump's comments have caused his aides to be unable to provide a definitive answer.

    Queen's Speech date in UK Parliament in doubt

    However, when asked about whether the Brexit talks would start for real on June 19 as planned, Winterstein said: "I can not say". He also said that there should be "some agreement on the immigration that we can accept from Europe".
  • UK Cabinet reshuffle: Michael Gove makes shocking return as Environment Secretary

    UK Cabinet reshuffle: Michael Gove makes shocking return as Environment Secretary

    Theresa May has been warned she will have to re-think her Brexit negotiating strategy following her humiliation at the ballot box. May is reshuffling the cabinet after the snap general election held on Thursday.
    Court largely upholds block on Trump's revised travel ban

    Court largely upholds block on Trump's revised travel ban

    However, the 9th Circuit did rule that the preliminary injunction - as originally imposed by the district court - was too broad. The ban has been blocked on the grounds that it violates the Establishment Clause of the Constitution by disfavoring Muslims.
    Yahoo Shareholders Approve The $4.48 Billion Sale To Verizon

    Yahoo Shareholders Approve The $4.48 Billion Sale To Verizon

    Verizon's CEO recently indicated that the carrier plans to launch its own over-the-top streaming TV service later this year. After June 13, the remainders of Yahoo will constitute a new investment company that will rename itself Altaba.
  • Uber fires 20 employees as fallout from sexual harassment investigation

    Uber is acting fast after an investigation substantiated multiple reports of sexual harassment at the company, CNN reports. Based on Perkins Coie's report, action has been initiated in 58 cases, and further investigations are underway.
    Mariners select Kentucky's Evan White in of MLB draft

    Mariners select Kentucky's Evan White in of MLB draft

    During his senior season at Burnsville, Carlson had a 0.53 ERA - two earned runs in 34 innings - with 16 walks and 53 strikeouts. The Mariners had the 17th pick, using it on the Gahanna, OH., native, who bats right and throws left.
    A Brexit strategy for a weak United Kingdom  govt

    A Brexit strategy for a weak United Kingdom govt

    Mr Corbyn would be unlikely to win backing for a minority government , but was clearly revelling in a storming performance. The results have cast Brexit talks, set to begin June 19, in a shadow of " uncertainty ", according to the BBC .
  • Greg Deichmann selected 43rd overall by Oakland A's

    Greg Deichmann selected 43rd overall by Oakland A's

    LSU pitcher Alex Lange and outfielder Greg Deichmann have been selected Monday night during the first day of the 2017 MLB Draft. He is No. 2 in the SEC this season in RBI, No. 3 in homers, No. 4 in total bases (146) and No. 5 in slugging percentage (.606).
    French players looking to ride 'Kiki' wave at Roland Garros

    French players looking to ride 'Kiki' wave at Roland Garros

    Defending French Open champion Garbine Muguruza was upset in the fourth round of the French Open by Kristina Mladenovic 6-1, 3-6, 6-3.

    US Attorney General to face questions on FBI director's firing

    Mr Sessions , who wrote to the Senate Intelligence Committee at the weekend, has asked that the hearing be open. The Senate investigation is one of three Russian Federation inquiries, including one being headed by the FBI.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.