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Minister for Foreign Affairs Stephen Smith is in Sri Lanka today to discuss people smuggling with his counterpart, Sri Lankan Foreign Minister Rohitha Bogollagama, the first visit by an Australian foreign minister since 2003. “Mr Bogollagama and I will discuss bilateral and regional cooperation on people smuggling and ways in which Australia will continue to [...]
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The Australian Competition and Consumer Commission (ACCC) has begun proceedings against Thai Airways over alleged price-fixing of air freight. In a statement, the ACCC alleged that between 2001 and 2006, Thai Airways entered into arrangements or understandings with other international air cargo carriers in specific countries that had the purpose or effect of fixing the [...]
...read moreHong Kong has been named Best Business City in the World and Best Business City Northeast Asia at the 2009 Business Traveller Asia-Pacific Awards. Singapore took home the title of Best Business City in South East Asia and Bangkok won the Best Leisure Destination in Asia-Pacific category. Other notable winners include Singapore Airlines, which blitzed [...]
...read moreSingapore and Malaysia are the ‘key centres’ for future Australia export opportunities, according to Tim Dillon, the Victorian Government’s trade commissioner for South East Asia. Both countries have begun to invest in critical infrastructure, which has led to export opportunities, he said. “The region is an ideal export market for Victorian businesses due to its [...]
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Results from the World Bank’s annual survey has placed Australia at number nine in the world for ease of doing business. Singapore topped the Doing Business 2010 list, with New Zealand and Hong Kong rounding out the top three. The Central African Republic ranked last, with Greece at 109 the lowest ranked developed country. The [...]
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The international telecom, financing and strategy forum TMT Finance and Investment is set to launch in Singapore, following on from the success of the forum in Europe and the Middle East.
...read moreSpecialist courier franchise Pack & Send will look to add five more countries to its growing global operations, which currently spans Australia, New Zealand and the UK. Pack & Send CEO Michael Paul says the model has matured to the point where they are planning to set up franchises in Canada, Germany, Malaysia, Mexico and [...]
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Singapore’s gross domestic product grew a seasonally adjusted 20.7 percent in the June quarter according to its Trade and Industry Ministry. Manufacturing rose 49.5 percent, surging due to a spike in biomedical manufacturing and inventory re-stocking, said the ministry. Additionally, construction rose 32.7 percent and financial services recorded a 22.8 percent increase compared with the [...]
...read moreYoung Achievement Australia (YAA) will field the three teams in the International Trade Challenge in Singapore this week. Sponsored by FedEx, the FedEx Express/Young Achievement Australia/Junior Achievement International Trade Challenge is run in conjunction with YAA’s student Business Skills Program. It asks participants to devise a market entry strategy for the students’ business. Secondary students [...]
...read moreA bilateral meeting between Australian and Singaporean ministers has reaffirmed both countries’ commitment to fight protectionism and conclude the World Trade Organisation’s Doha Round of negotiations soon. A statement following the meeting read: “The Ministers reaffirmed their determination to reject all forms of protectionism and to commit to take the necessary steps to keep the [...]
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