Singapore pins high hope on first infrastructure bond auction
Singapore's first-ever sale of bonds to finance infrastructure projects, slated for next week, is considered to be ideal as signs that the global recovery is stuttering increases demand for top-rated debt.
Marina Bay in Singapore - Illustrative image (Source: Xinhua/VNA)
Hanoi (VNA) - Singapore's first-ever sale of bonds to financeinfrastructure projects, slated for next week, is considered to be ideal as signsthat the global recovery is stuttering increases demand for top-rated debt.
The new 30-year securities will be attractive to investorsdue to increasing concerns about Chinese bonds amid the Evergrande crisis andfears for global growth given a surge in COVID-19 infections. Yields are alsoattractive, with those on Singapore's existing 30-year debt climbing abovethose on US Treasuries last week.
The Monetary Authority of Singapore (MAS) plans to announceon September 21 how much it intends to raise from the inaugural auction slated for September 28.
The central bank has already been paving the way for theissue by reducing the size of 15- and 20-year bond auctions since it announced plansfor the new infrastructure bonds in February.
The new securities are the first to be offered under thecentral bank's SGS (Infrastructure) category, as distinct from its regular SGS(Market Development) debt and its planned Green SGS (Infrastructure) that itaims to kick off next year./.
The Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) on September 14 announced a project to link their respective fast payment systems to facilitate cross-border money transfer with low cost.
Singapore’s economy will enjoy good growth in the second half of 2021 and continue to recover next year as global growth is projected to “remain positive,” S. Iswaran, Minister for Transport and Minister-in-charge of Trade Relations, has said in parliament.
Singapore will begin trialling the import of hydropower from Laos via Thailand and Malaysia, following an agreement between Keppel Electric and Electricite Du Laos (EDL) announced on September 15.
Singapore is working to boost its stock market, startups and entrepreneurs via a slew of new initiatives aimed at enhancing the country’s role as a financing hub.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
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.
Marina Bay in Singapore - Illustrative image (Source: Xinhua/VNA) 
