One Belt One Road

[skyleon]

One Belt, One Road a boost for trade, infrastructure in Asia


By Kelly Ng

Published: 4:00 AM, May 25, 2017



SINGAPORE — China’s One Belt, One Road (OBOR) initiative holds significant advantages for infrastructure as well as trade and economic integration in the region, said Finance Minister Heng Swee Keat yesterday.

Speaking at a dialogue held at the McKinsey & Company’s Global Infrastructure Initiative summit — where he was asked a couple of questions on the OBOR, including Singapore’s role in it — Mr Heng also expressed Singapore’s support for the massive plan to develop railways, bridges and ports, among other infrastructure, to foster trade and connectivity throughout Asia and Europe.

“It is a plus for a number of reasons ... The amount of investments needed in infrastructure in the coming years, whether in Asia or the world, will grow quite significantly. So being able to provide that capital is one major step,” he said.

The initiative also signals the importance of trade connectivity and economic integration, an impact “particularly important” at a time when support for globalisation is fraying in some parts of the world, he added.

On Singapore’s involvement, Mr Heng said he hopes the Republic can offer its experience in planning and structuring infrastructure projects. Private-sector players here can also play a “very important role” in looking at how they can meet needs in the region, such as in terms of power plants, water, and industrial parks, he noted. “There has been a lot of knowledge that has been gathered, and I hope that will be useful,” he said.

China’s grand plan — which will cover 64 countries in four continents, with a combined population of 6.4 billion (about 62 per cent of the world’s total) — also presents opportunities for multilateral organisations, including development banks, Mr Heng said. “They can really have new breakthroughs, not just in providing financing, but in building expertise,” he said, urging multilateral development banks to work with governments around the world in enhancing the efficiency of infrastructure planning, designing and operations.

These banks can also help catalyse private-sector investments by adopting more “creative ways of financing and de-risking”, he said, citing the World Bank’s Masala Bond Programme as an example of innovative re-financing.

Mr Heng said: “My hope is that economies will get more deeply integrated, trade will continue to flourish, and so, in that regard, all these initiatives are to be welcomed.”

During the 30-minute dialogue, he addressed a range of questions, including on Singapore’s experiences in city planning, developing human capital, and its upcoming initiatives such as the Smart Nation drive and Jurong Innovation District.

On the future economy, Mr Heng stressed that Singapore cannot immediately write off certain sectors as “sunset industries”. He said: “I don’t think we are in such a great state to be able to say this is going to be an industry of the future and this is going to be a sunset industry. What we mustn’t have is the sort of sunset thinking.”


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[arsenal168]

Heng is a good minister.

Better than a lot of minsters.

Vivian is 1 of the worst...can't do a good job as Environment minister nor Foreign minister.

[SiaSuay]

Originally Posted by arsenal168

Heng is a good minister.

Better than a lot of minsters.

Vivian is 1 of the worst...can't do a good job as Environment minister nor Foreign minister.

The only real good ministers are those of the Pioneer generation who together with LKY helped and build what is modern Singapore today . My respect to them . Sadly the current team can't hold even a candle to them.

[Embrent]

Originally Posted by SiaSuay

The only real good ministers are those of the Pioneer generation who together with LKY helped and build what is modern Singapore today . My respect to them . Sadly the current team can't hold even a candle to them.

Good ministers don't wear white. Wear white won't be a good minister.

[sadfa]

Originally Posted by SiaSuay

The only real good ministers are those of the Pioneer generation who together with LKY helped and build what is modern Singapore today . My respect to them . Sadly the current team can't hold even a candle to them.

Please la. Don't perpetuate these nonsense n ah peh kopitiam talk la.

All these ppl cock up also. But cb media downplay it.

Whos the idiot who caused spore to go to recession in 80s when rest of the world n region was fine by jacking up cpf contribution rate. Fucking economic genius sia
_____
Exchange points myth ma

[sadfa]

Originally Posted by arsenal168

Heng is a good minister.

Better than a lot of minsters.

Vivian is 1 of the worst...can't do a good job as Environment minister nor Foreign minister.

I think u must have hit your head before u type this la.

Chinese got saying - recognize crook as father.

These assholes are like tan Cheng bock.
In the past happily take their money n nod in agreement with their bs.

Now, he dare say actually I don't agree with them on everything hor. My heart is with u wan OK.
Who the fuck will accept
_____
Exchange points must hit head ma

[draven78eric]

One Belt One Road, Port in Malacca and Kra Canal will be a economic and political driven plans. They sure have the capital funds. Most overseas projects are co-funded by Peking central gov and private sectors. Kra canal as an example, is a private company and back up by the central gov.
But the circulated pic of the signing the treaty is a fake one though. Actual company actually involed is another company. There is a actual debate on this project in one of the CHina's variety shows with many experts and politicians

Just a comparison and we compare-

US- dont invest in the countries which they place their Naval Vessels and fighting jets in so many countries. All want to do for free and if anything issue, just withdraw the troops. (Indirectly, they are colonize these countires too)
The countries get into any disputes, all they do is just to poke poke others and add petrol into fire

China- They go into the countries with plan and pump funds into the projects and also into the country gov. Example- write off debts from the countries and allow China to start investments in the country and treaties are signed.
China, build casinos in Mayanmar and Laos and Cambodia, also in a way bring in more monies for the countries too and many others. China bank is opened in Laos and Thailand too. Pump funds into the economics..

What US has done so far, just use mouth like what Pinky has been doing.
Seriously i just wish Russia will just faster crush US or US get into friendly terms with them. Even if one day , the world will fall back into communist rule, it will not be the same communist state same as the long before.
Anyway, arent we living in a fake democracy state(Communist) now?