Russia Singapore Business Forum

Fifth Russia-Singapore Business Forum

Eugene Nikitenko
29.09.2010, 16:53

Russia’s top business elite are these days discussing prospects of boosting collaboration with their counterparts at the 5th Russia-Singapore Business Council. The Russian delegation is led by Vice-Premier Sergei Sobianin and businessmen with a name - Hermann Gref of the biggest Russian Sberbank, Anatoly Chubais, head of Rosnano, the corporation that is working on the introduction of nanotechnologies, Viktor Vekselberg, the man in charge of the Skolkovo project (the analogue of the U.S. Silicon Valley) to mention but a few members of the 300–strong business delegation.
The Singapore Business Forum was established in 2006 as the topmost event for Russian, Singapore, CIS and other Asian countries, whose businessmen gather to discuss new opportunities, latest economic trends in Russia and Asia and establish new links. I remember spending a couple of hours at the Changi airport, one of the world’s best in remote 1990s. It was stupendous. The reporters that cover this year’s forum say this island of skyscrapers is an unbelievable sight, given that several decades ago Singapore did not look much better than the poorest African countries.
The plot of land that is smaller than Moscow is home to 150 or so international banks including Russia’s VneshTorgBank, and offices of Gazprom, Lukoil and Rosnano – all told more than 120 companies with Russian capital.
Singapore invests into the development of infrastructure up to 10 billion dollars annually to make its business climate as favourable as possible.
Speaking at the forum Russia’s Vice-Premier Sergei Sobianin said: “The volumes of our bilateral trade did not go down due to the global crisis. Vice versa they grew by 22 percent last year, and by 43% in the first seven months of this year.”
Russian exports to Singapore include oil, copper wire and aluminium, and we import electronic products and equipment for drilling rigs.
“The city with less than 4 million residents is continues to surprise one’s imagination with the results of its economic activities,” says Andrei Sharonov, managing director of the Troika Dialogue Consultants.
The main goal of the forum is to make an offer to Singapore to take part in Russia’s innovation development, setting up joint special economic zones, research centres, privatize Russian state companies and establish funds of up to 100 to 120 million dollars, bringing production facilities to Russia.
According to Vikor Vekselberg, a top businessman in charge of the Skolkovo project – some refer to it as the Russian Silicon Valley, there will be preferences to Singapore businessmen in Russia.
“We will guarantee preferential access to infrastructure. Russia and Singapore are setting up a special intergovernmental commission and are working up a business plan up to 2014,” said Vikor Vekselberg.

ผลการประชุมจากเวทีเศรษฐกิจระหว่าง รัสเซีย สิงคโปว์ เริ่มมาตั้งแต่วันอาทิตย์ ที่ Marina Bay สิงค์โปว์

  • สิงคโปว์ จะเป็นฮับสำหรับการขายก๊าซจากรัสเซียในภูมิภาค
  • Rusnano , บ. 360ip  (สิงคโปว์) และ EDB (Economic Development Broad of Singapore) ,ร่วมกันจัดตั้งกองทุนพัฒนานาโนเทคโนโลยี มูลค่า $100 ล้าน ฝ่ายละ $50 จาก EDB เป็นมูลค่าสำรองจำนวน $20 ล้าน 
  •  ME Projects Pte Ltd (บริษัทขนส่งของสิงค์โปว์), Europort International Pte Ltd. (subsidiary of port equipment manufacturer Portek International Limited) และ Vladivostok Sea Fish Port (Vladmorrybport) จะเข้าไปศึกษาการพัฒนาท่าเรือในวลาดิวอสตอค
  • Polos บริษัทผลิตถุงยางรายใหญ่ของรัสเซียจะลงทุนสร้างโรงงานในสิงคโปว์ ผลิตถุงยางเพื่อตลาดในรัสเซีย
Source: Voice of Russia.

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