Singapore hosts infrastructure finance international conference
International policymakers in finance gathered at the 6th WB- Singapore Infrastructure Finance Summit on October 20 to discuss measures to foster private capital in infrastructure development.
International policymakers and leading minds in finance gathered at the 6th World Bank (WB)- Singapore Infrastructure Finance Summit in Singapore on October 20 to discuss measures to foster private capital in infrastructure development.
At the event, Singaporean Deputy Prime Minister Tharman Shanmugaratnam underscored the crucial roles of structural reforms and infrastructure in periods of sluggish economic growth.
He said that the participation of private investors in fine-tuning infrastructure facilities will enhance socio-economic development while easing the burden on the state budget and banks.
The Deputy Prime Minister underlined key initiatives by the Monetary Authority of Singapore (MAS) to facilitate the private sector involvement in infrastructure investment, adding that the central bank will work with commercial banks to provide better project documentation and tackle non-commercial risks associated with infrastructure investment.
Meanwhile, Jordan Schawartz, WB Head of the Global Infrastructure Facility, stated that infrastructure investment requires maximum investment from all economic sectors together with a favourable business environment.
According to the WB’s estimation, developing countries will need about 1 trillion USD a year by 2020 to meet the urgent needs of infrastructure as well as maintain the economic growth rate.
WB experts said Vietnam needs to implement comprehensive solutions such as restructuring its banking sector, developing domestic capital and attracting public-private partnership investment to satisfy infrastructure development worth 16-17 billion USD every year.
The summit, held annually by the WB, the Singaporean Ministry of Finance, the MAS and the Financial Times in association with the World Bank- ASEAN infrastructure Network, has become the leading international forum for public-private debates on infrastructure investment.-VNA
The committee on "The Future Economy", which was recently announced by the Singaporean Government, will review policy measures that have been in place since 2010.
The Monetary Authority of Singapore (MAS) announced on October 14 that it will ease its monetary policy for the second time this year in an effort to foster economic growth.
Singapore took the lead in the eight Expat Explorer country league table with expatriates praising good opportunities for career development, appealing salaries and excellent quality of lives.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
Illustrative Image (Source :VNA)
