January 2019 – Russia Singapore Business Council

Business mission of Singapore enterprises to Moscow

In the period of January 21-25 a number of Singapore enterprises made business visits to Moscow enterprises and organizations. This business mission was organized by the executive structures of the Russia-Singapore Business Council – RSTradehouse LLC (Moscow) and Progression Engineering (S) Pte Ltd (Singapore).

Diamond Aviation company had meetings with Russian enterprises of aerospace industry. It resulted in signing a number of agreements and reaching verbal agreements about continuing work on creating a service centre of Russian aviation enterprises in Southeast Asia, promoting Russian aircrafts and helicopters in this region, as well as about organizing events to advance interests of Russian enterprises in APEC.

RSTradehouse representatives together with the representatives of vCargo Cloud group of companies in follow-up the Memorandum and Integration Agreement, which were signed earlier, held a four-day session dedicated to integration of electronic platforms RSTrade and Camel One managed by these companies. As a result, the schedule of technical integration work and business processes was signed. VCC chief Desmond Tay also held meetings with representatives of Moscow business community.

Specialists from several departments of Eurasian Economic Commission, responsible for realization of EEC digital agenda took part in one of the meetings of RSTradehouse and vCC and expressed interest in integration solution of EAEU and ASEAN platforms.

Chief of Progression Winnie Teo held meetings with a number of Russian companies interested in promoting their technologies and products in Southeast Asia as well as in attracting investment to the projects implemented in Russian Federation and EAEU countries.

In addition to business program, Singapore colleagues visited a number of museums, architectural ensembles and concerts in Moscow and Moscow region. Acquaintance with Russian culture contributes to mutual understanding and trust-building. It also strengthens the positive image of Russia on the international scene and increases the popularity of Russian enterprises in APEC region.

Cooperation Agreement is assigned between Russia-Singapore Business Council and “Motorica” company

Sergey Pronin, CEO of RSTradehouse, which is the managing company of the Russia-Singapore Business Council, and Ilya Chech, CEO of “Motorica” company, which is one of the leaders in Russian market of functional hand prostheses, have signed a cooperation agreement.

“Motorica” provides research and development of technologies at the interface of medicine and robotics, for instance, manufactures various types of prostheses, both for children and adults. Key markets for the company are Southeast Asia and in future Asia Pacific region. Russia-Singapore Business Council and its executive structures in Russia and Singapore will help to promote the technologies of “Motorica” into Asian markets. Singapore as a financial and logistic hub plays here a role of the point of presence.

It is planned to involve Singapore state structures and development institutes in the project of Russian technologies localization in Singapore. Innovative development of Russian company “Motorica” aims to provide a new impetus to Asian market of functional prostheses, first of all for children.

For reference: company “Motorica” works to form a new attitude to prosthetics, to make it easier for clients to manage their prostheses and to make pleasant the use of prostheses in common life. The company works with private persons who need prostheses, and also collaborates with Russian Social Insurance Fund, Ministry of Labour and Social Welfare, Ministry of Industry and Trade and Agency for Strategic Initiatives.

CapitaLand to buy Temasek unit Ascendas-Singbridge in S$11b deal

PROPERTY group CapitaLand is acquiring Temasek’s subsidiary Ascendas-Singbridge (ASB) in a S$11 billion deal aimed at creating Asia’s largest diversified real estate group.

After the transaction, CapitaLand’s combined total assets under management (AUM) will exceed S$116 billion, and cover asset classes such as logistics/business parks, industrial, lodging, commercial, retail and residential. In addition, the group will surpass CapitaLand’s 2020 AUM target of S$100 billion, putting it among the top 10 real estate investment managers in the world.

Under the terms of the agreement, Temasek will receive S$6 billion, which will be satisfied half in cash and half in new CapitaLand shares, boosting Temasek’s ownership of CapitaLand from around 40.8 per cent to about 51 per cent upon the close of the transaction.

The shares will be priced at S$3.50 apiece, representing a premium of 11.3 per cent, or about S$0.36, over CapitaLand’s one-month volume-weighted average price of S$3.1447. The consideration takes into account the adjusted net asset value of ASB, which includes the value of its fund management platform and the trading value of its three sponsored listed trusts.
Headquartered in Singapore, ASB’s business presence spans 11 countries including Singapore, China, India, Australia, the United Kingdom and the United States. Over 80 per cent of ASB’s S$23.6 billion AUM is in business spaces. Its flagship projects include Singapore Science Park and Changi Business Park in Singapore, International Tech Park Bangalore and International Tech Park Chennai in India, as well as Dalian Ascendas IT Park and Singapore Hangzhou Science and Tech Park in China.

The proposed transaction will have to be approved by CapitaLand’s independent shareholders at an extraordinary general meeting, expected to be convened by first-half 2019.

Moscow Government delegation to take part in Russia House in Davos

A delegation of the Moscow Government, led by Moscow City Department for Foreign Economic Activity and International Relations Head Sergei Cheryomin, will take part in the business programme of the Russia House in Davos. The official Russian residence is slated to open its doors from 21 to 25 January 2019 in Davos, Switzerland.

Cheryomin will be speaking at the ‘Digital Transformation of Cities’ session, where Moscow’s unique experience of introducing information technologies to all areas of urban management will be on display. As one of the world’s major urban centres, Moscow is a prime example of the use of modern computer innovations in the development of infrastructure and amenities for city residents.

A special Moscow Government Award for International Co-operation and Development of Foreign Economic Activity established by the Moscow Centre for International Cooperation, the Chamber of Commerce and Industry of the Russian Federation, and the Kommersant Publishing House will occupy a place of honour in the cultural programme of the Russia House in Davos. The award is being handed out for the second time. The first ceremony took place during the St. Petersburg International Economic Forum on 23 May 2018.

The award is being presented to representatives of Russian and foreign business circles that play an active role in recent work aimed at achieving shared business goals and stimulating and supporting sustainable foreign economic relations with the Russian Federation. A jazz concert headed by Vadim Eilenkrig is planned for Russia House guests following the awards ceremony.

The Russia House project is a platform for promoting Russian initiatives among representatives of international business and official circles who gather in Davos, Switzerland, during the World Economic Forum. After the signing of a memorandum of cooperation between the Roscongress Foundation and the World Economic Forum at the St. Petersburg International Economic Forum in 2017, the Russia House became the official Russian residence there.

About the Russia House project in Davos

The project is a platform for promoting Russian initiatives among the representatives of international business and official circles meeting in Davos, Switzerland for the World Economic Forum (21–25 January 2019). The result of many years of cooperation between the Roscongress Foundation and the World Economic Forum International Organization for Public-Private Cooperation was the signing of a memorandum of cooperation at the St. Petersburg International Economic Forum in 2017. The Russia House received the status of an official Russian residence in the same year.

www.houserussia.com

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions, exhibition and public events.

The Roscongress Foundation was founded in 2007 with the aim of facilitating the development of Russia’s economic potential and strengthening the country’s image by organizing international conventions, exhibitions, and public events. The Foundation develops substantive content for such events, providing companies and organizations with advice, information, and expert guidance, and offering comprehensive evaluation, analysis, and coverage of the Russian and global economic agendas. It offers administrative services and promotional support for business projects and helps to attract investment, including in the form of public-private partnerships.

Today, its annual programme includes events held from Montevideo to Vladivostok, offering an opportunity to bring together global business leaders, experts, the media, and government officials in one place, creating favourable conditions for dialogue and the promotion of new ideas and projects, and assisting in the creation of social enterprise and charity projects