Sat, 04 Dec 2021

SINGAPORE -- Singaporean Minister for Defence Ng Eng Hen said on Tuesday that countries need to come together to develop frameworks to guide behaviour and outcomes in digital, cyber, artificial intelligence (AI) and other emerging domains, so as to search for stabilizers in this age of technological disruptions.

While delivering a welcome address at the third Singapore Defence Technology Summit, the defense minister urged to put a timely focus on advances in the digital domain, space, autonomous technologies and AI as these disruptive technologies are transforming how organizations and industries operate. (Singapore-Call-Frameworks)

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BANDAR SERI BEGAWAN -- Brunei Darussalam has ratified the Regional Comprehensive Economic Partnership (RCEP) agreement upon depositing its instrument of ratification with the secretary-general of the Association of Southeast Asian Nations (ASEAN) on Oct. 11.

According to a press statement from Brunei's Ministry of Finance and Economy (MoFE) on Tuesday, "Brunei's timely ratification of the RCEP, the world's largest free-trade deal, signals our strong commitment to support the region's post-pandemic recovery efforts, strengthening our economic and trade linkages, creating new opportunities for our businesses as well as support for an open, inclusive, rules-based multilateral trading system." (Brunei-RCEP-Ratification)

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JAKARTA -- Indonesia will have the world's largest smelter with a capacity of 1.7 million tons of copper concentrate per year, President Joko Widodo said on Tuesday.

The groundbreaking for the construction of the smelter owned by PT Freeport Indonesia with a single line design was carried out Tuesday on an area of 103 hectares in the Java Integrated Industrial and Port Estate in East Java province's district of Gresik. (Indonesia-Smelter-Construction)

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HONG KONG -- South China's Shenzhen Municipality on Tuesday became the first local government from the mainland to issue an offshore renminbi bond in Hong Kong, a move hailed as a major step in the internationalization of the Chinese currency renminbi.

The dim sum bond, or debt denominated in renminbi and issued in Hong Kong, is expected to raise 5 billion yuan (about 775 million U.S. dollars) with tenures of two, three, and five years. The raised funds are used for the construction of public high schools, urban rail transit, and water treatment projects, and some of the bonds are green bonds. (Shenzhen-Hong Kong-Bond)

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