Month: March 2019

Russia-Singapore Business Council together with the Radio-Electronic Cluster of  Rostec State Corporation supported by the Roscongress Foundation and the Singapore Manufacturing Federation in the period from 26 to 29 March 2019 conduct a business mission in the Republic of Singapore. The main directions were introduction and exchange of experience between heads of  Russian enterprises with Singapore partners and visiting of those Singapore enterprises, which already develop cooperation with Russian business or plan to develop it. In particular, educational program to improve the competence of specialists of Russian radio-electronic industry for export to South-East Asia is being conducted in parallel. The Rostec delegation is headed by Deputy General Director of Shvabe holding Ivan Ozhgikhin.

The anchor event within the business mission was IV «Russian-Singapore Business Dialogue», supported by the decision of the High-level Russia-Singapore Intergovernmental Commission. The meeting was attended by over 100 delegates – representatives of business circles, public authorities of the two countries and Eurasian Economic Commission, media, universities and public organizations. The main subject of the annual Forum was cooperation in radio-electronic industry, healthcare and information technologies. There were represented  products and solutions of Shvabe holdings, Ruselectronics,  Avtomatika, Sozvezdie and VEGA. Besides, among speakers there were representatives of Gazprom Marketing & Trading,  Singapore Manufacturing Federation and a number of Singaporean, Russian and international companies.

At the event there were presented projects implemented in the sphere of medical technology and equipment, and also in multispectral computer security solutions for the protection objects of critical infrastructure.

Attention was paid to cultural issues, both, as to already implemented as to upcoming, for example, Russian film week in Singapore, which will be held in 2019. The management of the Roscongress Foundation invited delegates from South-East Asian countries to participate in major Russian forums, in particular, in St.Petersburg International Economic Forum, in  Eastern Economic Forum and other events/ projects.

“The cooperation agreement will be a step to strengthen business ties between the expert and business communities of Russia and Singapore, as well as allow more active participation of representatives of Singapore technology companies in key events of the Roskongress Foundation,” said Anton Kobyakov, Advisor to the President of the Russian Federation.”

Key event of the Forum was  online presentation on the integrated solution of LLC Rstrade and vCargo Cloud Pte Ltd –  RSTrade and CamelONE platforms. Rstrade platform brings together manufacturers and customers of production from 22 countries, VCC platform – companies providing services in international transport logistics from 15 countries. The integration of platforms services forms a new economic space that allows to intensify contacts between companies from different countries. Now products ordering, identifying the services of foreign economic activity, primarily, logistics, can be implemented in the format of  electronic exchange. The integrated solution can be used in the framework of EEC project on the creation of integrated platforms in subcontracting and technology transfer and  also in digital transport corridors of the EAU. It was the first time of presenting implemented integration solution. The executives of platform operators Sergey Pronin and Desmond Tay noted that in April it will be presented at international forums in Tokyo and Novosibirsk. According to Bloomberg experts, an integration cross-platform solution can be of global importance.

“Rostec is one of the key drivers for the development of cooperation between Russian companies and partners from the countries of Southeast Asia. With our support, the Russian-Singapore Business Council is working, and the Centre for Foreign Promotion of Russian high-tech companies has been opened, ”said the Chairman of the RSDS, Deputy General Director of the Rostec State Corporation Nikolay Volobuev. “Today, about 500 Russian companies and their representative offices are open in Singapore. One of the key priorities of our work in the near future will be the development of cooperation between Russian and Singaporean companies – this is joint development of products and solutions, localization and technology transfer. ”

The 4th International Business Forum ‘Russia-Singapore Business Dialogue’ will be held in Singapore on 26 March 2019.

The event is organized by the Russia-Singapore Business Council and the Singapore Manufacturing Federation with the support of the Roscongress Foundation. The general partner of the Forum is Rostec State Corporation.

The Forum promotes the development of business partnerships between companies and organizations of Singapore and Russia, as well as the exchange of experience in the field of innovative entrepreneurship.

«Singapore is one of Russia’s largest investment partners, as well as the world’s high-tech hub. Today, the main areas of practical cooperation between Russia and Singapore are energy, transport, agriculture, infrastructure development, information and communication technologies. At the same time, we must actively develop cooperation in high-tech,» said Anton Kobyakov, Adviser to the President of the Russian Federation.

Participants of the Russia-Singapore Business Dialogue will discuss cooperation in the most promising areas: radio electronics, smart city technologies and the Internet of things, innovations in medicine and environmental technologies.

The event traditionally gathers about 200 participants from Russia, Singapore and other countries representing state and municipal government, business, public organizations and media. The Russian delegation will be headed by Deputy Director General of Rostec State Corporation, Chairman of the Russia-Singapore Business Council Nikolay Volobuev.

A cooperation agreement between the Roscongress Foundation and the Russia-Singapore Business Council is going to be signed at the Forum.

«Last year, many events were timed to the 50th anniversary of Russian-Singaporean diplomatic relations. There are not so many events this year. Yet the trade turnover increases, and so does the amount of business exchange. It is likely that the volume of investment from Singapore to Russia is going to increase. The Russia-Singapore Business Council provides assistance to the Russian projects in Singapore and the Singaporean ones in Russia. We ourselves are implementing two ambitious projects: an international B2B platform RSTrade and the Centre for the foreign promotion of Russian high-tech companies and the presentation of investment projects created in Singapore. I am confident that the agreement with Roscongress will open up new opportunities for the development of Russia-Singapore economic relations and will contribute to broader, deeper cooperation in other areas,» said Sergey Pronin, Executive Director of the Russia-Singapore Business Council.

Participants of the event will be able to continue the dialogue on the development of innovative business cooperation between Russia and Singapore at the St. Petersburg International Economic Forum and the Eastern Economic Forum.

KUALA LUMPUR, March 23 (Bernama) — Russian business entities are exploring opportunities to intensify their interaction with Malaysian businesses and go beyond primarily military-technical cooperation relations.

Russian Rostec State Corporation deputy chief executive officer Nikolay Volobuev said the two countries had had a long and fruitful cooperation in many fields and industries, starting from space exploration and the health segment to trade in consumer goods.

“We believe that this could be expanded further into other areas such as technological partnership, among others, given that Rostec is the (state-owned) entity that drives Russia’s information technology (IT) development.

“Not only that, we also see tremendous opportunity in working together to develop as well as produce automotive vehicles, energy and gas pumping facilities, composite materials, a modern system for the treatment of production and consumption waste, and much more,” he told Bernama in an email interview.

Commenting on the longstanding partnership between Malaysia and Russia in the aircraft business, Volobuev, who is also the Russia-Singapore Business Council chairman, said Russian companies hoped to move from a simple supply situation to increased interaction between companies from the two countries.

“We can talk about creating joint centres for the maintenance and repair of Russian aircraft and organising training centres for local specialists,” he said.

Previously, Moscow-based Russian Helicopters has set a target of delivering up to 15 helicopters to Malaysia in the next three years and simultaneously building its share in the local market to four per cent from two per cent.

Prime Minister Tun Dr Mahathir Mohamad has also indicated that Malaysia is looking to acquire knowledge on defence aircraft repair and maintenance, as the majority of the 18 Russian-made Sukhoi Su-30 aircraft owned by the Malaysian armed forces were reported to be not in working order.

Traditionally, Malaysia and Russia have been trading partners, and the trade and economic relations are regulated by an agreement on economic cooperation signed in year 2000.

As at December 2017, Malaysia-Russia trade stood at US$2.2 billion, of which 55 per cent was from oil and gas-related products, 20 per cent from fertilisers and the balance from consumer goods as well as electronic components.

Trade between both countries saw a significant increase of over 60 per cent in the first eight months of 2018.

Meanwhile, looking into Russia-ASEAN cooperation, he said that a joint business cooperation roadmap had been successfully implemented, which encompassed about 60 joint projects in industry and high technology.

“There are active cooperation programmes in energy and agriculture, and the ASEAN-Russia Business Council is also active.

“I can say that work is underway to establish contacts between ASEAN, the Eurasian Economic Union and the Shanghai Cooperation Organisation,” he explained.

Volobuev added that Russia had the technologies needed by Southeast Asian countries and was ready to pour investment into the areas which needed it.

“The economies of Russia and the ASEAN countries are not as competitive, as they are compatible. They are able to complement each other effectively,” he said.

Due to the high growth potential offered by the region, the Centre for Foreign Promotion of Russian Hi-Tech Companies has been set up in Singapore to stimulate trade relations.

It is a permanent showroom for Russian high-tech companies with changing thematic and industry expositions and the centre organises expositions, for example, on aviation, radio electronics and IT topics.

“I would like to reiterate that ASEAN is a priority area for Rostec; hence we have established an electronic business-to-business import-export platform RSTrade.

“Currently, more than 81,000 Russian companies are represented on the platform,” he said, adding that over the next two years, the platform would offer several more languages, possibly also the Malay language.

— BERNAMA

Sourse: http://www.bernama.com/en/business/news.php?id=1708479&fbclid=IwAR1bRmTxq_FjvXssBveprbJ8B5elNjPNfv5f0y4Ql-omin1PskIxhDgxajQ

SINGAPORE: A total of 22 Singaporeans were among those named the “richest people in the world” by business magazine Forbes on Tuesday (Mar 5).

The 2019 list of Singaporean billionaires included hotpot chain Haidilao’s chairman Zhang Yong, who was described as “China’s richest restaurateur” with a net worth of US$6.8 billion. He placed 224th in the list.

Zhang, 48, was on China’s Rich List last year. He is said to have obtained seed money from three friends, but was the one to run Haidilao, which went public last September.

The chain has US$10.4 billion in sales from more than 300 restaurants located in China, the US, Japan, South Korea, as well as Singapore.

Also on the list were property siblings Robert and Philip Ng, who made the 112th spot with a net worth of US$12 billion and paint tycoon Goh Cheng Liang at 203rd with US$7.2 billion.

United Overseas Bank chairman emeritus Wee Cho Yaw placed 267th with US$6.1 billion, the Kwee brothers at 311th with US$5.6 billion and Valencia football club owner Peter Lim with US$2.5 billion.

ASIA-PACIFIC HAS MOST BILLIONAIRES

According to Forbes, Asia-Pacific is the region with the most billionaires, accounting for 767 of the total with a net worth of US$2.5 trillion.

The richest man in Asia is India’s Mukesh Ambani, ranked 13th with a net worth of US$50 billion. Tencent CEO Ma Huateng from China placed 20th.

China saw the highest number of newcomers this year, but also the most drop-offs. The richest self-made woman is also from China: real estate mogul Wu Yajun, who is worth an estimated US$9.4 billion.

A total of 2,153 billionaires made the list this year, down from 2,208 in 2018 – the first decrease since 2016, said Forbes. They have a collective net worth of US$8.7 trillion, down from US$9.1 trillion in 2018.

For the second year running, Amazon CEO Jeff Bezos remained in the top spot with a net worth of US$131 billion, followed by Bill Gates with US$96.5 billion.

Meanwhile, 21-year-old Kylie Jenner made the list for the first time, becoming the youngest billionaire in the world as well as the youngest self-made billionaire of all time.

Notable newcomers include Oracle CEO Safra Catz, Spotify co-founder and CEO Daniel Ek, and CEO of Canada Goose Dani Reiss.
Source:  https://www.channelnewsasia.com/news/business/22-singaporeans-named-in-forbes-2019-billionaires-list-11314302

The architecture of the International Arctic Forum business programme has been released. The event, which will take place in St. Petersburg on 9–10 April 2019, will see events take place under three main pillars: Coastal Territories, The Open Ocean, and Sustainable Development.

“The business programme for the International Arctic Forum 2019 includes a wide range of events. Together, they cover every key topic which requires careful attention in order to make a breakthrough in achieving regional development in the Arctic. The programme includes sessions on increasing international economic cooperation, modernizing key industrial enterprises, social issues, and environment and climate protection. I am confident that it will provide all Forum participants with the opportunity to find about the most important Arctic-related projects, and will help build a pool of international partners wishing to implement them,” said Advisor to the President of the Russian Federation Anton Kobyakov.

The Coastal Territories pillar includes a series of sessions, panel discussions, and roundtables focusing on projects to increase living and working conditions in the Russian Arctic, improve underlying economic mechanisms, and identify innovative solutions to modernize industrial enterprises underpinning development in the Arctic. Among other topics to be covered will be the urban environment and technologies to support livelihoods; digitization and the future of connectivity in the Arctic; next-generation healthcare in the Arctic; developing the aviation sector in the Arctic; the tourist potential of the Arctic; support for private investment in the Arctic; supporting small business; and issues specific to construction.

The Open Ocean pillar will focus on the economic issues underpinning regional development in the Russian Arctic, and will be of significant interest to investors from the world’s leading countries. It will encompass sessions on the Northern Sea Route as the key to the development of the Russian Arctic; achievements and innovation in shipbuilding; bioresources of the open ocean and the Arctic fishing industry; production and use of liquefied natural gas (LNG); transport connectivity for the Arctic, Far East, Siberia, and the Urals; the potential and risks of Arctic shelf development; and developing port infrastructure in the North.

The Sustainable Development pillar will encompass events examining social development in the Arctic. It will cover the most crucial aspects related to supporting and realizing human potential, and improving infrastructure for people living and working in the Russian Arctic. Sessions will focus on nature-like technologies to meet the needs of the Arctic; a responsible approach to energy in the Arctic; best education practices for indigenous peoples of the North; the Arctic as the world’s ‘weather kitchen’, livestock farming and agriculture in the Arctic; training specialists to achieve growth in the region, and applied research.

Besides, “a new system of preferences for companies investing in projects based in the Arctic region will be presented in St. Petersburg,” said Alexander Krutikov, Deputy Minister for the Development of the Russian Far East and Arctic.

The event is organized by Roscongress, experts from the Russian-Singapore Business Council will take part in the event.

Official event website: forumarctica.ru.

 

For reference:

‘Arctic: Territory of Dialogue’ 5th International Arctic Forum

The ‘Arctic: Territory of Dialogue’ International Arctic Forum is one of the key platforms for the discussion, at a global level, of problems and prospects for the Arctic region. The Forum is an opportunity for members of the international community to pool their efforts to ensure the efficient development of the Arctic and higher living standards for populations living in Arctic territories. The ‘Arctic: Territory of Dialogue’ Forum was first held in 2010 and was devoted to contemporary problems of the Arctic region. The second forum was held in 2011 and focused on issues of developing transport systems in the Arctic. In 2013the key themes considered included environmental protection, while in 2017 the Forum’s theme was ‘People and the Arctic’.

Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions, exhibitions 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.

www.roscongress.org