foreign

Myanmar Government Approved USD 3.82 Billion in Foreign Investment and USD 651 Million in Domestic Investment in First Year of State Administration Council

NAY PYI TAW, MM, Jan 27, 2022 – (ACN Newswire via SEAPRWire.com) – The Myanmar Government said today it has approved USD 3.82 billion equivalent in foreign investments and USD 651 million equivalent in domestic investments in the first year since the State Administration Council (SAC) took office. The investment commitments underscore confidence in the... » read more

Export Commodities Online Fair promotes trade between China’s Hebei and ASEAN

HEBEI, CHINA, Dec 9, 2021 – (ACN Newswire via SEAPRWire.com) – China will boost new forms and models of foreign trade to advance high-quality development of the trade sector, according to a circular issued by the General Office of the State Council on July 9, 2021, and aims to have better mechanisms and policy systems... » read more

Myanmar Government Prioritizes Economic Recovery as Pandemic Infections Decline Amid Return of National Stability Ahead of Preparations for Multi-Party National Elections

Nay Pyi Taw, Dec 7, 2021 – (ACN Newswire via SEAPRWire.com) – The Myanmar Government said today that it has largely restored national stability after recent civil unrest and is now focused on increasing vaccination rates to reduce COVID-19 infections and attracting local and foreign investments to jump-start economic growth and job creation. The Ministry... » read more

Malaysia PM Ismail, PM Lee witness land VTL launch at Woodlands Checkpoint

SINGAPORE – Prime Minister Lee Hsien Loong and his Malaysian counterpart Ismail Sabri Yaakob witnessed the launch of the land vaccinated travel lane (VTL) between Singapore and Malaysia at Woodlands Checkpoint on Monday morning (Nov 29). In a live-streamed video on PM Lee’s Facebook page, the two leaders posed for a photo in front of a Transtar Travel... » read more

Football: Czech billionaire takes 27% stake in high-flying West Ham in latest foreign investment

LONDON (BLOOMBERG) – Czech billionaire Daniel Kretinsky has bought a 27 per cent stake in English football club West Ham United, continuing a wave of international acquisitions in the country’s lucrative Premier League set-up. The 46-year-old, whose wealth lies largely in the energy sector, is paying £150 million (S$273.4 million) for the shareholding, according to... » read more

With passage of law to counter foreign interference, winning over public is next challenge: Experts

SINGAPORE – Singapore’s introduction, debate and passage of the law to counter foreign interference within the span of three weeks has led to criticism that not enough time was given for the public to be consulted and give feedback on a piece of legislation granting the Government broad new powers that cannot be subjected to... » read more

Legal powers in foreign interference law a necessity because of seriousness of threats: Shanmugam

SINGAPORE – As a young lawyer, Law and Home Affairs Minister K. Shanmugam believed the solution for every problem lay in the courts. But his experience in the real world changed that, he said on Monday (Oct 4) in the debate on the Foreign Interference (Countermeasures) Act (Fica), which has been criticised for the limits... » read more

Parliament to debate proposed law to counter foreign interference on Oct 4

SINGAPORE – A proposed law to counter foreign interference will be debated when Parliament sits on Monday (Oct 4). According to the agenda issued by the Clerk of Parliament, proceedings will kick off with a petition seeking greater scrutiny of the draft law, submitted on behalf of civil society organisations by the Progress Singapore Party’s... » read more

More local workers sought help on salary disputes, wrongful dismissals amid Covid-19

SINGAPORE – More local workers sought help from the authorities for disputes with their employers on owed salaries and wrongful dismissals last year, amid the pandemic. Latest figures published on Friday (July 9) showed the incidence of employment claims and appeals lodged by local employees had gone up from 2 per 1,000 employees in 2019... » read more

ISD detains S’porean Dickson Yeo, who spied for China, for acting as paid agent of foreign state

SINGAPORE – A Singaporean man who had worked for China’s intelligence services since 2016 has been detained for two years under the Internal Security Act (ISA) for being a threat to Singapore. Dickson Yeo, 40, had acted as a paid agent of a foreign state, said the Internal Security Department (ISD) on Tuesday (June 15). “ISD’s... » read more

Some bosses holding on to maids’ passports illegally

SINGAPORE – A new initiative to pay random visits to employers and their foreign domestic workers has uncovered some instances of employers illegally holding on to their workers’ passports and work permits. The Ministry of Manpower (MOM) has made 200 such checks since last month. Domestic workers and migrant welfare groups told The Straits Times... » read more

Cases of false declaration of Singapore migrant workers’ salaries rising, says NGO

SINGAPORE – He was offered a job in construction with a monthly pay of $1,600, and was shown an in-principle approval (IPA) letter reflecting this. But when he received his first pay cheque, Ahmed (not his real name) discovered that his basic wage was only about $200. For seven months, he continued to be underpaid.... » read more

Maid agencies, prospective employers suffer fresh blow with new border entry curbs

SINGAPORE – Already struggling with a shortage of foreign domestic workers because of the Covid-19 pandemic, employment agencies and potential employers here have been dealt another blow by the latest restrictions on entry for work pass holders. On May 7, the Manpower Ministry announced that all new entry approvals for work pass holders from countries... » read more

Shenzhen Global Investment Promotion Conference to be held December 8

SHENZHEN, CHINA, Dec 4, 2020 – (ACN Newswire) – The 2020 Shenzhen Global Investment Promotion Conference is sponsored by the Shenzhen Municipal Government and undertaken by the Shenzhen Municipal Bureau of Commerce. It will officially start in Wuzhou Guest House on December 8th. Since the beginning of this year, Shenzhen has actively overcome the impact... » read more