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Singapore’s Economy Will Grow By 7.2% In 2021, Rebounding From The Previous Year’s Recession: MTI Forecast
Singapore: The advance estimates issued by the Ministry of Trade and Industry (MTI) on Monday (January 3) show that during the COVID-19 pandemic, Singapore’s economy grew by 7.2% in 2021, rebounding from the 2020 recession.
Singapore’s economy shrank by 5.4% in 2020-the first annual contraction since 2001 and the country’s worst recession since independence.
Last year, Singapore announced the beginning of a transition to pandemic COVID-19 because it saw a wave of new infections caused by the more contagious variant of Delta.
Its vaccination program has been expanded to include booster injections and more age groups, and new measures have been taken to curb the spread of coronavirus.
The estimates announced on Monday are in line with MTI’s estimates in November last year. The Ministry has narrowed its 2021 gross domestic product (GDP) growth forecast to “approximately 7%.”
Preliminary data shows that in the fourth quarter of 2021, GDP grew by 5.9% year-on-year, which was lower than the 7.1% growth in the previous quarter.
On a seasonally adjusted quarter-to-quarter basis, the economy grew by 2.6% in the fourth quarter of 2021, higher than the 1.2% growth in the previous quarter.
All economic sectors in the whole year and the fourth quarter recorded year-on-year growth.
With the exception of the construction industry, the performance of all industries improved in the fourth quarter after seasonal adjustments.
The GDP estimates for the fourth quarter of 2021 are mainly calculated based on data from October and November last year. MTI stated that they have given early signs of GDP growth this quarter and may revise them after more comprehensive data is available.
manufacturing
Manufacturing performance in the fourth quarter increased by 14% year-on-year, higher than the 7.9% in the third quarter.
The industry grew by 12.8% throughout the year.
MTI stated that the growth in the last three months of 2021 was supported by the expansion of production in all clusters.
The ministry stated that, driven by the continued global demand for semiconductors and semiconductor equipment, electronics and precision engineering, in particular, continue to record strong output growth.
On a seasonally adjusted quarter-on-quarter basis, the manufacturing sector grew by 4.2%, up from 0.2% in the third quarter.
Construction industry
The construction industry grew by 2% year-on-year in the fourth quarter, down from 66.3% in the third quarter.
The industry grew by 18.7% throughout the year.
However, MTI stated that in absolute terms, the added value of the construction industry in the fourth quarter of 2019 was still 26% lower than the pre-pandemic level.
The ministry stated that this was because activities at construction sites continued to be pressured by labor shortages due to border restrictions on the entry of migrant workers.
On a seasonally adjusted quarter-on-quarter basis, the industry shrank by 4.4% in the fourth quarter, reversing the 4.9% growth in the previous quarter.
Wholesale and retail trade, transportation and storage
In the service sector, the wholesale and retail trade and transportation and warehousing sectors grew by 4.3% in the fourth quarter, continuing the 6.1% growth in the previous quarter.
The department stated that all departments within the group expanded during the quarter.
“In particular, the wholesale trade sector has grown steadily following the strong performance of Singapore’s merchandise exports,” MTI said.
“In contrast, the growth in the transportation and storage sector was partly due to the low base effect, as travel restrictions severely affected the air transportation sector in the fourth quarter of last year.”
Overall, the value added of this group of industries was still 2.3% lower than the pre-pandemic level in the fourth quarter.
On a seasonally adjusted quarter-on-quarter basis, the group grew by 2.3% in the fourth quarter, reversing the 0.6% contraction in the previous quarter.
Information and communication, finance and insurance, professional services
The information and communications, finance and insurance, and professional services industries grew by 6% overall in the fourth quarter.
This is a slowdown from the 8% growth in the previous quarter.
MTI stated that all departments within the group are expanding, and the information and communications department in particular has benefited from strong demand for IT and digital solutions, as well as strong game and software release activities.
It added that the financial and insurance industries are partly supported by fund management activities.
After seasonal adjustments, industries in this group grew by 3.1% in the fourth quarter, up from 1.5% in the previous quarter.
Other service departments
The remaining service sectors recorded a growth of 3.1% in the fourth quarter, including accommodation and food services, real estate, administrative and support services, and other services.
MTI stated that in this group, all sectors except accommodation and food services are growing.
The department stated that the weak performance of the department compared to the same period in 2020 was mainly due to continued travel restrictions and stricter domestic restrictions, such as group dining restrictions, compared with the same period in 2020.
Overall, the value added of this group of industries is still 7.1% lower than the pre-pandemic level.
On a seasonally adjusted quarter-on-quarter basis, this group grew by 4.9% in the fourth quarter of 2021, up from 1.5% in the previous quarter.
新加坡经济在 2021 年增长 7.2%，从前一年的衰退中反弹：MTI 预测
新加坡：贸易和工业部 (MTI) 周一（1 月 3 日）发布的预先估计显示，在 COVID-19 大流行期间，新加坡经济在 2021 年增长了 7.2%，从 2020 年的衰退中反弹。
新加坡经济在 2020 年萎缩了 5.4%——这是自 2001 年以来的首次年度萎缩，也是该国自独立以来最严重的衰退。
去年，新加坡宣布开始向流行性 COVID-19 过渡，因为它看到了一波由更具传染性的 Delta 变体引起的新感染浪潮。
其疫苗接种计划已扩大到包括加强注射和更多年龄组，并且还采取了新措施来遏制冠状病毒的传播。
周一公布的估计符合 MTI 去年 11 月的估计。该部已将 2021 年的国内生产总值 (GDP) 增长预测缩小至“约 7%”。
初步数据显示，2021 年第四季度 GDP 同比增长 5.9%，低于上一季度 7.1% 的增长。
在经季节性调整的季度环比基础上，2021 年第四季度经济增长 2.6%，高于上一季度 1.2% 的增长。
全年和第四季度各经济部门均录得同比增长。
除建筑业外，第四季度经季节性调整后，所有行业的业绩均有所改善。
2021 年第四季度的 GDP 预估值主要根据去年 10 月和 11 月的数据计算得出。 MTI 表示，它们给出了本季度 GDP 增长的早期迹象，并可能在获得更全面的数据后进行修订。
制造业
第四季度制造业业绩同比增长 14%，高于第三季度的 7.9%。
该行业全年增长了 12.8%。
MTI 表示，2021 年最后三个月的增长得到了所有集群产量扩张的支持。
该部表示，在全球对半导体和半导体设备的持续需求的推动下，电子和精密工程尤其继续录得强劲的产出增长。
在经季节性调整的季度环比基础上，制造业增长 4.2%，高于第三季度的 0.2%。
建筑业
建筑业第四季度同比增长 2%，低于第三季度的 66.3%。
该行业全年增长了 18.7%。
然而，MTI 表示，从绝对值来看，建筑业的增加值在 2019 年第四季度仍比大流行前水平低 26%。
该部表示，这是因为建筑工地的活动继续受到由于移民工人入境的边境限制而导致劳动力短缺的压力。
在经季节性调整后的季度环比基础上，该行业在第四季度萎缩了 4.4%，扭转了上一季度 4.9% 的增长。
批发和零售贸易、运输和储存
在服务业方面，批发和零售贸易以及运输和仓储部门在第四季度增长了 4.3%，延续了上一季度 6.1% 的增长。
该部门表示，该集团内的所有部门在本季度都有所扩张。
“特别是，批发贸易部门随着新加坡商品出口的强劲表现而稳步增长，”MTI 表示。
“相比之下，运输和仓储部门的增长部分是由于低基数效应，因为旅行限制在去年第四季度严重影响了航空运输部门。”
总体而言，这组行业的增加值在第四季度仍比大流行前水平低 2.3%。
在经季节性调整的季度环比基础上，该集团在第四季度增长了 2.3%，扭转了上一季度 0.6% 的收缩。
信息通信、金融和保险、专业服务
信息和通信、金融和保险以及专业服务行业在第四季度总体增长了 6%。
这与上一季度 8% 的增长相比有所放缓。
MTI 表示，该集团内的所有部门都在扩张，尤其是信息通信部门受益于对 IT 和数字解决方案的强劲需求以及强劲的游戏和软件发布活动。
它补充说，金融和保险业部分受到基金管理活动的支持。
经季节性调整后，该组别中的行业在第四季度增长 3.1%，高于上一季度的 1.5%。
其他服务部门
其余服务部门录得第四季度增长 3.1%，包括住宿和食品服务、房地产、行政和支持服务以及其他服务。
MTI 表示，在这个群体中，除住宿和食品服务外，所有部门都在增长。
该部门表示，与 2020 年同期相比，该部门的表现疲弱主要是由于持续的旅行限制以及更严格的国内限制，例如团体用餐人数限制，与 2020 年同期相比。
总体而言，这组行业的增加值仍比大流行前水平低 7.1%。
在经季节性调整的季度环比基础上，该群体在 2021 年第四季度增长了 4.9%，高于上一季度的 1.5%。
新加坡私人住宅价格在 2021 年上涨 10.6%：URA 预估
新加坡：根据城市重建局 (URA) 周一（1 月 3 日）的初步估计，新加坡的私人住宅价格在 2021 年上涨了 10.6%，高于前一年的 2.2%。
OrangeTee and Tie 研究和分析高级副总裁 Christine Sun 女士表示，这是自 2010 年以来的最高年增长率，当时私人住宅价格上涨了 17.6%。
总体而言，2021年第四季度私人住宅物业指数较第三季度上涨8.3点至173.6点。
市建局表示：“与上一季度的 1.1% 相比，这意味着增长了 5%。”
孙女士说，这也是自 2010 年第二季度以来的最高季度涨幅，当时价格上涨了 5.3%。
中部其他地区 (RCR) 的私人非有地住宅推动了上涨，第四季度价格上涨了 7.3%，而上一季度为 2.6%。
核心中部地区（CCR）的非有地私人住宅价格上涨了 2.5%，扭转了上一季度 0.5% 的下降趋势。
在中部以外地区 (OCR)，第四季度的价格上涨了 5.4%，而第三季度则下降了 0.1%。
2021年全年，CCR、RCR、OCR的价格分别上涨3.7%、16.9%和8.4%。
新加坡于去年 12 月 16 日推出了一揽子措施，旨在为房地产市场降温。它们包括更高的额外买方印花税 (ABSD) 税率和更严格的总债务偿还率 (TDSR)。
Huttons Asia 的高级研究主管 Lee Sze Teck 表示，在 2021 年的全年数据中“可能不会感受到”它的影响。
部分原因是由于假期，12 月的最后两周市场可能较为平静，另外还因为首次购房者占当前市场交易的 80% 左右。
李先生表示，2022 年推出的新房数量减少将导致新屋销量下降约 8,000 至 9,000 套，而由于建筑成本上升，价格可能会上涨 3%。
Ohmyhome 研究和内容分析师 Mohan Sandrasegeran 表示，第四季度售出的房屋数量减少，但交易价值增加，推动了各个销售部门的价格上涨。
他说，由于开发商可能会重新考虑推出日期并重新调整定价，因此 2022 年上半年对新销售的需求可能会减弱。
他预计私人住宅价格的整体增长将放缓，上半年徘徊在 1% 至 2% 左右。
ERA的主要执行官Eugene Lim表示，随着房地产降温措施，私人房地产市场将成为“真正的购房者市场”。
“对于有动力的卖家来说，以现实的定价追求这一群体是有道理的，”他补充道。
孙女士表示，在实施降温措施后，私人住宅的价格可能会稳定下来，并且与前一年相比，上涨速度可能会慢得多，在 0% 至 3% 之间。
初步估计是根据提交的用于支付印花税的合同中给出的交易价格和开发商截至 12 月中旬销售的单位数据编制的。市建局表示，这是在实施最新一轮降温措施之前。
统计数据将于 1 月 28 日更新，届时市建局将发布 2021 年第四季度的全套房地产数据。
“过去的数据表明，当变化很小时，闪速估算所显示的季度价格变化与实际价格变化之间的差异可能很大。建议公众谨慎解释闪速估算，”当局表示。
Singapore’s Private Residential Prices Increase By 10.6% In 2021: URA Estimate
Singapore: According to preliminary estimates from the Urban Redevelopment Authority (URA) on Monday (January 3), private residential prices in Singapore rose by 10.6% in 2021, up from 2.2% in the previous year.
Ms. Christine Sun, senior vice president of research and analysis at OrangeTee and Tie, said that this was the highest annual growth rate since 2010, when private residential prices rose by 17.6%.
Overall, the private residential property index for the fourth quarter of 2021 rose by 8.3 points from the third quarter to 173.6 points.
The URA stated: “Compared with 1.1% in the previous quarter, this means an increase of 5%.”
Ms. Sun said that this was also the highest quarterly increase since the second quarter of 2010, when prices rose by 5.3%.
Private non-landed housing in the rest of the central region (RCR) drove the rise, with prices rising by 7.3% in the fourth quarter, compared with 2.6% in the previous quarter.
The price of non-landed private homes in the Core Central Region (CCR) rose by 2.5%, reversing the 0.5% decline in the previous quarter.
In the Outer Central Region (OCR), prices in the fourth quarter rose by 5.4%, while prices fell by 0.1% in the third quarter.
In 2021, the prices of CCR, RCR, and OCR will increase by 3.7%, 16.9% and 8.4% respectively.
Singapore launched a package of measures on December 16 last year to cool the real estate market. They include a higher additional buyer’s stamp duty (ABSD) rate and a stricter total debt service ratio (TDSR).
Lee Sze Teck, senior research director at Huttons Asia, said that its impact “may not be felt” in the 2021 full-year data.
Partly because of the holidays, the market may be calmer in the last two weeks of December, and also because first-time home buyers account for about 80% of current market transactions.
Mr. Li said that the reduction in the number of new homes launched in 2022 will lead to a decrease in sales of new homes by approximately 8,000 to 9,000 units, and the price may increase by 3% due to rising construction costs.
Ohmyhome research and content analyst Mohan Sandrasegeran said that the number of houses sold in the fourth quarter decreased, but the value of transactions increased, driving up prices in various sales departments.
He said that as developers may reconsider the launch date and readjust the pricing, the demand for new sales in the first half of 2022 may be weakened.
He expects that the overall growth of private residential prices will slow down, hovering around 1% to 2% in the first half of the year.
Eugene Lim, the chief executive officer of ERA, said that with the real estate cooling measures, the private real estate market will become a “real home buyer’s market.”
“For motivated sellers, it makes sense to pursue this group with realistic pricing,” he added.
Ms. Sun said that after the implementation of cooling measures, the price of private housing may stabilize, and compared with the previous year, the rate of increase may be much slower, between 0% and 3%.
The preliminary estimate is based on the transaction price given in the submitted contract for payment of stamp duty and the data on the units sold by the developer as of mid-December. The URA stated that this is before the implementation of the latest round of cooling measures.
The statistics will be updated on January 28, when the URA will release a full set of real estate data for the fourth quarter of 2021.
“Past data indicates that when the changes are small, the difference between the quarterly price changes shown by the flash estimates and the actual price changes may be large. The public is advised to interpret flash estimates with caution,” the authorities said.
新加坡与中国在年度双边会议上签署14项谅解备忘录和协议
新加坡：新加坡和中国在周三（12 月 29 日）举行的年度最高级别双边会议上签署了 14 项协议。
第十七届双边合作联合委员会（JCBC）会议是中新两国最高级别的年度论坛，由新加坡副总理王瑞杰和中国副总理韩正共同主持。它实际上是在 COVID-19 大流行期间举行的第二年。
签署的大量谅解备忘录和协议包括加强金融合作、贸易和海关信息交流、竞争法、城市治理和规划、自然保护和海上安全。
Heng 先生在与当地媒体举行的虚拟新闻发布会上表示，与去年签署的 10 笔交易相比，交易数量大幅增加，是近年来在年度顶级双边论坛上达成的“最高数量”。
他补充说，这反映了多年来“（新加坡和中国）合作的坚实基础”，以及在大流行后世界对“前瞻性议程”的追求。
“在 COVID-19 之后，我们将需要一个更具弹性的经济。我们需要一个更加数字化、更加依赖技术和创新的经济。
“所以你会发现已经签署的谅解备忘录具有这种非常具有前瞻性的元素。它建立在我们在自己的行业转型工作中所做的工作以及中国在新的第十四个五年计划中所做的工作的基础上，”Heng 先生说。
新兴合作领域的可持续性
两国继续发展双边合作议程以“与时俱进”，例如在去年的 JCBC 会议上将公共卫生作为伙伴关系的新支柱。
亨先生说，今年的注意力集中在三个新兴合作领域，旨在“从两国面临的挑战中脱颖而出”。
考虑到应对气候变化的威胁是“全球优先事项”，其中之一是可持续性。
他以中新天津生态城项目为例补充说，关于绿色发展的讨论也体现了“强调高质量发展”。
“我们一直在建设一个资源高效（和）可持续的城市。我们现在正在天津生态城试点新的解决方案，这些解决方案对中国和世界各地的其他城市都有用。”
Heng 先生还指出，新加坡和中国应共同把握新增长领域的机遇，例如碳交易和绿色金融。
两国合作的另一个新兴领域是数字经济。
恒先生表示，数字技术的使用可以为经济复苏铺平道路，同时通过加强商品、数据和金融流动来促进长期增长。
例如，今年会议上签署的一份谅解备忘录将致力于建立一个使用去中心化区块链模型的“单一窗口”互连联盟。
他补充说，这项由双方海关当局签署的协议将提高交换海关和贸易相关信息的效率，最终降低贸易商的成本。
恢复空气连通
Heng 先生说，鉴于有多少新加坡人希望看到与中国的航空旅行恢复，JCBC 会议还讨论了人与人之间的连通性。
“我向韩副总理转达了许多新加坡人希望看到与中国恢复空中联系的希望。我希望当中国准备恢复跨境旅行时，新加坡将成为中国恢复更大连通性的首批国家之一，”他说。
“我很高兴听到韩副总理表示支持根据两国各自的卫生协议安全地承担新中之间的跨境旅行，并支持我们双方的官员在这方面加强讨论。”
交通部长 S Iswaran 在同一次虚拟新闻发布会上说，尽管发生了大流行，但新加坡和中国一直密切合作，以保持必要的连通性。
一方面，两国去年推出了“快车道”安排，为新加坡与中国六个省市之间的商务和公务旅行提供便利。
自去年 11 月以来，新加坡还单方面取消了对来自中国的旅客的边境限制。
展望未来，伊斯瓦兰先生表示，新加坡当局和新加坡航空公司将通过在樟宜机场运营包机来支持即将到来的北京冬季奥运会，从而成为该地区的连接枢纽。
中新交易所将开发跨境ETF链接
他说，鉴于航空旅行服务现在“不到 COVID 前水平的 3% 左右”，恢复两国之间的航空连通性“尤为重要”。
目前，从新加坡飞往中国 8 个城市的每周大约有 10 班航班，远低于大流行前将新加坡与中国约 36 个城市连接起来的每周 400 班航班。
“例如，您将其与我们的经济关系、商业联系和人员联系的规模相协调。显然，还有做更多的空间，但必须通过公共卫生风险评估来告知，”部长说。
“因此，在 JCBC 会议上，我强调了我们尽快恢复空中连通性并努力实现数字健康证书相互承认的渴望，”伊斯瓦兰先生补充说，并指出中国政府已经“积极回应”并表示承诺推进两方面的讨论。
双边项目的“良好进展”
两国还回顾了新中三个双边项目等“传统合作领域”取得的“良好进展”。
它们是中新苏州工业园区、中新天津生态城和中新（重庆）战略性互联互通示范项目（CCI）。
恒先生说，这些“继续证明相关性，包括在大流行期间”。
今年签署的协议包括批准 CCI 的新合作计划——新的国际陆海贸易走廊 (CCI-ILSTC)。
CCI-ILSTC 是一条连接中国西部和东南亚的贸易走廊，通过铁路将重庆连接到广西的钦州，并通过海路连接到新加坡和其他地区。新的合作计划将为 CCI-ILSTC 从 2021 年到 2025 年提供一个发展框架，并展望到 2035 年。
Heng 先生表示，新计划将“进一步深化”新加坡和中国的经贸联系。
新加坡副总理补充说，在新加坡交易所和深圳证券交易所之间建立交易所交易基金（ETF）产品链接也将有助于加强两国之间的金融联系。
同时，双方还计划深化合作，使中新天津生态城更绿色、更可持续。
恒先生和韩副总理还在周三的 JCBC 和相关理事会会议之前举行了双边会议。
“他们重申了新加坡和中国之间的良好关系，并欢迎尽管 COVID-19 大流行，双边合作取得的良好进展，包括从贸易和投资到金融合作的传统合作领域，”总理的一份声明说。办公室。
Singapore and China Signed 14 Memorandums Of Understanding and Agreements At The Annual Bilateral Meeting
Singapore: Singapore and China signed 14 agreements at the highest-level annual bilateral meeting held on Wednesday (December 29).
The 17th Joint Committee on Bilateral Cooperation (JCBC) meeting is the highest-level annual forum between China and Singapore. It is co-chaired by Singapore’s Deputy Prime Minister Heng Swee Keat and China’s Vice Premier Han Zheng. It was actually held during the second year of the COVID-19 pandemic.
A large number of memorandums of understanding and agreements signed include strengthening financial cooperation, trade and customs information exchange, competition law, urban governance and planning, nature protection and maritime security.
At a virtual press conference held with local media, Mr. Heng said that compared with the 10 transactions signed last year, the number of transactions has increased significantly, which is the “highest number” reached in the annual top bilateral forums in recent years.
He added that this reflects the “solid foundation of (Singapore and China) cooperation” over the years and the world’s pursuit of a “forward-looking agenda” after the pandemic.
“After COVID-19, we will need a more resilient economy. We need an economy that is more digital and more dependent on technology and innovation.
“So you will find that the memorandum of understanding that has been signed has this very forward-looking element. It builds on what we have done in our own industry transformation work and what China has done in the new fourteenth five-year plan. Based on our work,” Mr. Heng said.
Sustainability In Emerging Areas Of Cooperation
The two countries continue to develop the bilateral cooperation agenda to “advance with the times”, for example, at the JCBC meeting last year, public health was adopted as a new pillar of the partnership.
Mr. Heng said that this year’s attention will be focused on three emerging areas of cooperation, aiming to “stand out from the challenges facing the two countries.”
Considering that addressing the threat of climate change is a “global priority”, one of which is sustainability.
Taking the Sino-Singapore Tianjin Eco-City project as an example, he added that the discussion on green development also reflects the “emphasis on high-quality development”.
“We have been building a resource-efficient (and) sustainable city. We are now piloting new solutions in the Tianjin Eco-City that will be useful for other cities in China and around the world.”
Mr. Heng also pointed out that Singapore and China should jointly seize opportunities in new growth areas, such as carbon trading and green finance.
Another emerging area of cooperation between the two countries is the digital economy.
Mr. Heng said that the use of digital technology can pave the way for economic recovery and at the same time promote long-term growth by strengthening the flow of goods, data and finance.
For example, a memorandum of understanding signed at this year’s conference will focus on establishing a “single window” interconnection alliance using a decentralized blockchain model.
He added that this agreement signed by the customs authorities of both parties will increase the efficiency of the exchange of customs and trade-related information and ultimately reduce the costs for traders.
Resumption Of Air Connectivity
Mr. Heng said that given how many Singaporeans would like to see air travel with China resume, the JCBC meeting also discussed the connectivity between people.
“I conveyed to Deputy Vice Premier Han the hope that many Singaporeans want to see the restoration of air connections with China. I hope that when China prepares to resume cross-border travel, Singapore will be one of the first countries to restore greater connectivity in China.” He said.
“I am very pleased to hear Vice Premier Han expressed his support for the safe undertaking of cross-border travel between Singapore and China in accordance with the respective health agreements of the two countries, and support the officials of both of us to intensify discussions in this regard.”
Transport Minister S Iswaran said at the same virtual press conference that despite the pandemic, Singapore and China have been working closely to maintain the necessary connectivity.
On the one hand, the two countries launched a “fast lane” arrangement last year to facilitate business and official travel between Singapore and China’s six provinces and cities.
Since November last year, Singapore has unilaterally lifted border restrictions on travelers from China.
Looking to the future, Mr. Iswaran said that the Singapore authorities and Singapore Airlines will support the upcoming Beijing Winter Olympics by operating charter flights at Changi Airport, thus becoming a connecting hub in the region.
China Singapore Exchange will develop cross-border ETF links
He said that since air travel services are now “less than about 3% of pre-COVID levels”, it is “especially important” to restore air connectivity between the two countries.
At present, there are about 10 weekly flights from Singapore to 8 cities in China, which is much lower than the 400 weekly flights connecting Singapore and about 36 cities in China before the pandemic.
“For example, you coordinate it with the scale of our economic relations, business contacts, and personnel contacts. Obviously, there is more room to do, but it must be informed through a public health risk assessment,” the minister said.
“Therefore, at the JCBC meeting, I emphasized our desire to restore air connectivity as soon as possible and work hard to achieve mutual recognition of digital health certificates,” Mr. Iswaran added, noting that the Chinese government has “actively responded” and pledged to advance Two-sided discussion.
“Good Progress” On Bilateral Projects
The two countries also reviewed “good progress” in “traditional cooperation areas” including the three bilateral projects between Singapore and China.
They are China-Singapore Suzhou Industrial Park, China-Singapore Tianjin Eco-City and China-Singapore (Chongqing) Strategic Interconnection Demonstration Project (CCI).
Mr. Heng said these “continue to prove relevance, including during the pandemic.”
The agreement signed this year includes the approval of CCI’s new cooperation plan-the new International Land-Sea Trade Corridor (CCI-ILSTC).
CCI-ILSTC is a trade corridor connecting Western China and Southeast Asia. It connects Chongqing to Qinzhou in Guangxi by rail, and connects to Singapore and other regions by sea. The new cooperation plan will provide a development framework for CCI-ILSTC from 2021 to 2025, and look forward to 2035.
Mr. Heng said that the new plan will “further deepen” the economic and trade ties between Singapore and China.
The Deputy Prime Minister of Singapore added that establishing an exchange-traded fund (ETF) product link between the Singapore Exchange and the Shenzhen Stock Exchange will also help strengthen the financial ties between the two countries.
At the same time, the two parties also plan to deepen cooperation to make the Sino-Singapore Tianjin Eco-City greener and more sustainable.
Mr. Heng and Vice Premier Han also held bilateral meetings before the JCBC and related board meetings on Wednesday.
“They reaffirmed the good relationship between Singapore and China and welcomed the good progress in bilateral cooperation despite the COVID-19 pandemic, including traditional cooperation areas ranging from trade and investment to financial cooperation,” the prime minister said in a statement. office.
Singapore Donated Us$60,000 For Flood And Typhoon Relief Efforts In Malaysia And Philippines
Singapore: The Ministry of Foreign Affairs (MFA) stated at a press conference that the Singapore government will donate US$60,000 (S$82,000) as seed funding to support the public fundraising activities of the Singapore Red Cross to help disaster relief and recovery in Malaysia and the Philippines. Statement on working Wednesday (December 22).
The ministry stated that the donation will supplement the US$50,000 donated by the Singapore Red Cross to the Malaysian Red Crescent and the Philippine Red Cross.
The Ministry of Foreign Affairs said: “The floods in Malaysia and Typhoon Rai in the Philippines caused many lives and extensive damage to property, causing difficulties and suffering to many communities.”
“As a close friend and member of ASEAN, Singapore stands with Malaysia and the Philippines in this difficult time.”
The funds promised by the Singapore Red Cross will be used in areas such as emergency medical and first aid assistance, as well as the distribution of tarpaulins, hot meals, clothes and blankets to evacuation centers, the organization on Monday.
As of Tuesday, more than 20 people have died in Malaysia due to severe flooding, and more than 65,000 have been displaced.
In the Philippines, after Typhoon Rai hit the central and southern regions of the country, at least 375 people were killed and hundreds injured.
More than 400,000 people also fled their homes because the storm destroyed infrastructure in many areas and interrupted communications and power supplies.
新加坡为马来西亚、菲律宾的洪水和台风救援工作捐款60,000美元
新加坡：外交部（MFA）在新闻发布会上表示，新加坡政府将捐赠 60,000 美元（82,000 新元）作为种子资金，以支持新加坡红十字会的公共筹款活动，以帮助马来西亚和菲律宾的救灾和恢复工作周三（12 月 22 日）的声明。
该部表示，这笔捐款将补充新加坡红十字会分别向马来西亚红新月会和菲律宾红十字会捐赠的 50,000 美元。
外交部说：“马来西亚的洪水和菲律宾的台风莱造成许多人丧生和财产广泛破坏，给许多社区造成困难和苦难。”
“作为亲密的朋友和东盟成员国，新加坡在这个困难时期与马来西亚和菲律宾站在一起。”
新加坡红十字会承诺的资金将用于紧急医疗和急救援助等领域，以及向疏散中心分发防水油布、热餐、衣服和毯子等物品，该组织在周一。
截至周二，马来西亚已有 20 多人因严重洪灾而死亡，另有 65,000 多人流离失所。
在菲律宾，台风莱袭击该国中部和南部地区后，至少有 375 人丧生，数百人受伤。
超过 400,000 人也逃离了家园，因为风暴摧毁了许多地区的基础设施并中断了通信和电力供应。
Singapore Draws 1-1 With Indonesia In The First Leg Of The AFF Suzuki Cup Semi-Final
Singapore: Singapore participated in the AFF Suzuki Cup semi-finals for the first time after 9 years. On Wednesday (December 22), it drew 1-1 with Indonesia at the National Stadium.
In the 28th minute, Witan Sulaeman’s goal gave the away team the lead in a largely close match before Ikhsan Fandi equalized midway through the second half.
Both sides started well, but in the 10th minute, the Indonesian team began to put pressure on, and the Lions were forced to make a series of rescues.
First, defender Safuwan Baharudin made a header from an internal rotation, and then Zulfahmi Arifin had to hook the ball away from the final corner.
A few minutes later, striker Ihsan saw the goal for the first time, but his shot only found the side net.
Then Singapore had the best chance of the game as Indonesian goalkeeper Nadeo Winata brilliantly knocked down a looping Safwan header.
But Indonesia then created its own chance and scored a goal because Witan Sulaeman shot past Hassan Sunny after a nice goal from the right.
After Zulfahmi was tied up in the danger zone, the visiting team almost doubled their lead, but Indonesia was unable to take advantage of the brave Hassan.
The Lions started the second half in an excellent manner, as Ikhsan proved Indonesia’s defensive thorny.
First, he would grab the possession of a defender in the 49th minute, and a few minutes later, he would miss the goal with a header.
Singapore continues to heat up, Faris Ramli (Faris Ramli) beat a few players with crazy runs, but he will fire at the hour mark.
Faris approached again in the 64th minute, but after turning around to defend, he could only bend the ball out.
But the pressure of the Lions will eventually pay off, because Faris will feed Ihsan the ball and he will confidently tie the score in the 70th minute.
Yoshida’s men almost took the lead shortly after the width of the goal post blocked Safwan’s header.
Substitute Amy Recha (Amy Recha) will also be close near the end of the clock, but Winata will stop quickly.
The Lions will have a chance to advance to the final in the second round against Indonesia on Saturday.
After defeating Myanmar, the Philippines and East Timor, the Lions ranked second in Group A and lost to the group leader Thailand.
Indonesia leads Group B with a goal difference before defending champion Vietnam.
Vietnam will face Thailand in the first leg of the semi-final on Thursday.
