Ties with China must be cultivated generation after generation: PM Wong
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNA
29 minutes ago
- CNA
CNA938 Rewind - Dabao-ed for You: Local Flavours with a 7-Eleven Twist
In 'Made in SG', Melanie Oliveiro finds out more about convenience store 7-Eleven's new nostalgic tribute to the local dishes of Singapore by reimagining classic favourites into takeaway treats. Called 'Dabao Flavours of Singapore 2.0', 7-Eleven's MD Anushree Khosla and Product Development Manager Ken Yap will talk about how they teamed up with heritage brands like ANDES by ASTONS to bring about bites and dishes like: Chicken Laksa Linguine, Beef Meatball with Mushroom Sauce and Chicken Curry Rice. Desserts like MILO lava cake will also be discussed – and celebrated!
AsiaOne
an hour ago
- AsiaOne
China opposes Czech president's visit to Dalai Lama, World News
HONG KONG — China said it "resolutely opposed" Czech President Petr Pavel's meeting in India with Tibetan spiritual leader the Dalai Lama, and urged the Czech side to "abide by its one-China political commitment" and maintain healthy and stable relations. China's embassy in the Czech Republic posted the notice late on Sunday and said China firmly opposes any form of contact between officials of any country and the Dalai "clique". Pavel met with the Dalai Lama on July 27, it said. "China urges the Czech side to abide by its one-China political commitment, take immediate and effective measures to eliminate the bad influence," the statement said. It added that the Czech side should stop sending "any wrong signals to 'Tibetan independence' separatist forces." The Dalai Lama has been living in exile in India since 1959 following a failed uprising against Chinese rule in Tibet, and Indian foreign relations experts say his presence gives New Delhi leverage against China. India is also home to about 70,000 Tibetans and a Tibetan government-in-exile. [[nid:720162]]
CNA
2 hours ago
- CNA
CK Hutchison eyes 'major' Chinese investor for Panama ports deal
HONG KONG: Hong Kong conglomerate CK Hutchison said Monday (Jul 28) it was considering inviting a Chinese "major strategic investor" to join a United States-led consortium negotiating the sale of its global ports business outside China, including operations at the Panama Canal. The firm said in March it was offloading the ports - including operations in the vital Central American waterway - to a group led by asset manager BlackRock for US$19 billion in cash. The consortium was to include BlackRock subsidiary Global Infrastructure Partners and Terminal Investment Limited, a subsidiary of the Mediterranean Shipping Company. A Hutchison subsidiary has operated ports at both ends of the Panama Canal since 1997. The sale was seen as a political victory for US President Donald Trump, who had vowed to "take back" the Panama Canal from alleged Chinese control, prompting Beijing's ire. China's market regulator said in March it was reviewing the deal. In May, Hutchison co-managing director, Dominic Lai told shareholders that Terminal Investment was the main investor. Its parent company is led by Italian shipping scion Diego Aponte. Aponte's family reportedly has a longstanding relationship with the owner of CK Hutchison Li Ka-shing, who is also Hong Kong's richest man. "(CK Hutchison) remains in discussions with members of the consortium with a view to inviting (a) major strategic investor from (China) to join as a significant member of the consortium," CK Hutchison said in a stock exchange filing Monday. The firm added that changes to the consortium's membership and deal structure will be needed for the deal "to be capable of being approved by all relevant authorities". It said the "period for exclusive negotiations" mentioned in the March announcement had expired, but discussions will continue. It did not name the major investor. The deadline for their exclusive negotiation period ended on Jul 27. China's biggest shipping company Cosco was set to join the consortium and was requesting veto rights or equivalent powers, Bloomberg News reported. Bloomberg Intelligence analyst Denise Wong told the outlet that "ongoing negotiations and the reported inclusion of Cosco Shipping in the consortium have likely eased concerns over Chinese regulatory hurdles, strengthening investor confidence in the deal's viability". Gary Ng, senior economist for Asia Pacific at Natixis, said Monday's developments show that "business deals can be increasingly subject to politics in the new economic and geopolitical reality" as the Hong Kong conglomerate seeks to "keep everyone happy". CK Hutchison said it "intends to allow such time as is required for such discussions to achieve" a workable arrangement. It said it had stated on several occasions that it "will not proceed with any transaction that does not have the approval of all relevant authorities". The initial deal, valued at nearly US$23 billion including US$5 billion in debt, would have given the consortium control over 43 ports in 23 countries, including the ports of Balboa and Cristobal, located at either end of the canal. That agreement also required approval from Panama's government. Its Hong Kong-listed shares fell 0.6 per cent Monday, while Cosco dropped 2.2 per cent.
