February 21, 2024

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Singapore and China Partner to Boost Green, Digital Economies

Gan Kim Yong, Minister of Trade and Industry, and Wang Wentao, Minister of Commerce of the People’s Republic of China, signed two Memorandums of Understanding (MOUs) on promoting cooperation in green development and improving collaboration in the digital economy, respectively.

The green economy is becoming increasingly vital to assist nations in addressing the difficulties that are the result of global climate change, while the digital economy is a crucial driver of economic growth on a worldwide scale.

The Green Development MOU aims to improve bilateral cooperation in the green economy through policy sharing and business cooperation in renewable energy, green building, green finance, and water and waste management. Singapore and China will also try to get businesses to work together on research and development and promote new technologies that use less carbon.

The signing of the two MOUs not only signifies Singapore and China’s commitment to broaden and deepen our bilateral cooperation but also provides new impetus for our countries to explore new areas of cooperation in the digital economy and green economy that can address shared policy priorities and business interests.

– Gan Kim Yong, Minister of Trade and Industry

The Digital Economy MOU aims to make it easier for Singapore and China to work together and share ideas in the digital economy by looking for ways to grow together. Both sides will work together more on things like investments, digital trade, sharing best practices on digital economy rules and policies, allowing digitally-enabled services, and creating a safe digital environment that people can trust.

Working groups will be established by the Ministry of Trade and Industry and the Ministry of Commerce of China to monitor the two MOUs’ respective implementations.

Singapore-China Defence Ministers’ Dialogue

Meanwhile, Singapore welcomed the Chinese State Councillor and Minister of National Defence General (GEN) Wei Fenghe, who co-chaired the inaugural Singapore-China Defence Ministers’ Dialogue through Minister for Defence Dr Ng Eng Hen.

The Ministerial Dialogue is part of the 2019 upgraded Agreement on Defence Exchanges and Security Cooperation (ADESC) signed by Singapore and China, which shows development in the bilateral defence cooperation since the ADESC was first signed in January 2008.

Both Ministers emphasised their commitment to strengthening bilateral defence cooperation throughout the dialogue, including the resumption and regular conduct of flagship bilateral exercises that had been postponed owing to the COVID-19 pandemic. Under the auspices of the ASEAN Defence Ministers’ Meeting-Plus, both Ministers also discussed global security challenges and practical methods to improve ASEAN-China defence exchanges and cooperation.

Following the meeting, Dr Ng and GEN Wei observed the signing of agreements that will advance cooperation in military education and intellectual exchanges among military schools and think tanks, as agreed upon under the improved ADESC.

The Agreement on Five Year Professional Course Exchange between the Ministry of Defence (MINDEF) and the Ministry of National Defence of China is renewed every five years to allow Singapore Armed Forces and People’s Liberation Army (PLA) officers to cross-attend courses. It was last signed in 2017.

The MOU on Academic Cooperation between SAFTI Military Institute (MI) and the PLA Academy of Military Sciences permits both institutions to strengthen academic exchanges through study visits and Track 1.5 discussions. SAFTI MI also has a Memorandum of Cooperation in Academic Research and Cooperative Activities with the PLA National Defence University, which was signed in 2016 and was extended for another five years in 2021.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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