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Pakistan, once classified as a so-called 'failed state' by some indices & previously identified as 'standalone'/'frontier market', is now being upgraded to EmergingMarket.
China's overland Silk Road and Maritime Silk Road Thread
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Pakistan, once classified as a so-called 'failed state' by some indices & previously identified as 'standalone'/'frontier market', is now being upgraded to EmergingMarket.
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Morgan Stanley Capital International (MSCI) Upgrades Pakistan Stock Exchange to the Emerging Markets Index.
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Cost of consuming RLNG in Bhikki power plant stood 97% lower than the cost of furnace oil used in Muzaffargarh thermal power station,hydroelectric power has a share of 34% in power generation mix, furnace oil 29%, locally produced natural gas 19%, LNG 8% and renewable and nuclear energy 5% each.
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Six power plants to end load shedding by end of year 2017....
Six power plants having production capacity of 7,442 MW would be completed in next eight months
"The power plants that would be completed this year include Sahiwal Power Plant (1,320MW); Haveli Bahadur Shah Power Plant (1,200MW); Balloki Power Plant (1,223MW); Port Qasim Power Plant (1,320MW); Tarbela IV Power Plant (1,410MW); and Neelum-Jhelum Hydropower Plant (969MW),"
China Snub Sees Singapore Miss Out on Belt-Road Billions
China’s plan for a maritime “Silk Road” to Europe is helping channel funds to Southeast Asia for roads, railways and ports. But amid the deals bonanza, one country risks missing out.
in Beijing this week for his Belt-and-Road Initiative, Singapore was represented by National Development Minister Lawrence Wong.
China views Singapore as being less supportive of Xi’s plan because unlike other countries that announced their leaders would attend without requiring a formal invitation, Singapore sought an invite, according to people familiar with the matter. They asked not to be identified because of the sensitivity of the information.
Leaders pose for photographs during the Belt and Road Forum in Beijing on May 15.
Photographer: Ng Han Guan/AFP via Getty Images
“The cooler political relationship between Singapore and China could have ripple effects which influence economic and trade relations,” said Lu Jianren, a researcher at the China-Asean Research Institute at China’s Guangxi University. “Singapore has been less proactive to work with China while many leaders in the region showed greater enthusiasm that they want Beijing to be more involved in Southeast Asian growth.”
China’s Ministry of Foreign Affairs didn’t immediately respond to a request for comment. “I wouldn’t say we have major problems; we’ve had some issues and some incidents,” Singaporean Prime Minister Lee Hsien Loong has said of China, in an interview aired by thein March.
Singapore is Southeast Asia’s wealthiest nation and its position straddling the Strait of Malacca lends it strategic importance as a gateway to the South China Sea. As such it should stand to benefit from Xi’s effort to better connect China to the rest of the world through trade and infrastructure.
China remains Singapore’s largest . Singapore is still the second-largest investor in China, even as the amount slipped from $6.97 billion in 2015 to $6.18 billion last year, according to official China .
Singapore has been involved in China’s economic development since the early 1990s. It helped build an industrial park in 1994 in the eastern city of Suzhou which was regarded as a model for attracting foreign investment. There has since been a development in the northern port of Tianjin and most recently a project in Chongqing at boosting the regional logistics hub.
Joko Widodo and Xi Jinping in Beijing on May 14.
Photographer: Kenzaburo Fukuhara/Pool via Getty Images
Still, deals signed during the forum in Beijing point to the political mood: Malaysian Prime Minister Najib Razak inked nine documents with China for investments worth $7.2 billion, with Xi describing ties as their “best ever.” Indonesia signed a $5 billion loan facility after President Joko Widodo met Xi over the country’s Jakarta-Bandung high-speed rail link.
Vietnam’s president, Tran Dai Quang, used his first state visit to China to seek a boost in imports of Vietnamese farm produce, to the Saigon Times. The countries signed five documents on economic and technological cooperation.
Xi-Ma Summit
For Singapore, Wong a memorandum with China to “enable the two sides to enjoy better bilateral relations, more substantive economic ties and closer people-to-people exchanges.” He said Singapore could join Hong Kong and London in facilitating lending to projects aimed at improving connectivity along the trade routes.
Two years ago, Singapore-China ties were riding high. In late 2015, the city-state of 5.3 million hosted the first leaders from China and Taiwan since the two sides clashed in a civil war seven decades ago, with Xi meeting then-President Ma Ying-jeou.
The late Lee Kuan Yew, who led Singapore for 31 years, was known for his pragmatism as the country opened up its economy and financial sector to countries from China to the U.S., and as someone whose advice was sought by other leaders.
South China Sea
A number of hiccups last year put a cloud over ties. Singapore as coordinator for the Association of Southeast Asian Nations-China relationship was caught up in public wrangling over how Asean should respond as a to China’s claims to most of the South China Sea. The city-state doesn’t contest the waters itself.
Singapore lets the U.S. Navy use it as launchpad to send Littoral Combat Ships and Poseidon surveillance aircraft into the South China Sea.
One of seven impounded armoured troop carrier Terrex vehicles belonging to the Singapore military.
Photographer: Anthony Wallace/AFP via Getty Images
In November, Hong Kong seized nine Singaporean infantry carrier vehicles en route from Taiwan on a container ship after being exercises. While Singapore had long trained in Taiwan, the shipment prompted a protest from Beijing, and it wasn’t until January that Singapore secured its release.
Singapore was also a vocal champion of a 12-nation U.S.-led Pacific trade pact of which China was not a member. The deal was a hallmark of former U.S. president Barack Obama’s engagement with the region, and was abandoned by Donald Trump when he took office.
‘Goodwill Gestures’
Still, Zhai Kun, deputy president of the China Association of Southeast Asian Studies, said ties between Singapore and China should eventually recover. “Singapore has showed some goodwill gestures that the country could play an important financial role in the initiative, and the two nations have a tradition to do business,” he said.
On Tuesday, Chinese Communist Party Politburo member Zhao Leji led a delegation to the biannual Singapore-China Forum in the city-state. In a meeting with Lee, the two a “strong and substantial relationship.”
Meanwhile, there remains unease in parts of Southeast Asia about China’s military expansion and what its growth as a regional power might entail.
“They are the only one around with extra money to make new investments in Southeast Asia,” said Oh Ei Sun, principal adviser to the Pacific Research Centre in Malaysia. “Strategically, they still have a long way to go before catching up the breadth and depth of American influence here which dates back decades.”
China’s plan for a maritime “Silk Road” to Europe is helping channel funds to Southeast Asia for roads, railways and ports. But amid the deals bonanza, one country risks missing out.
in Beijing this week for his Belt-and-Road Initiative, Singapore was represented by National Development Minister Lawrence Wong.
China views Singapore as being less supportive of Xi’s plan because unlike other countries that announced their leaders would attend without requiring a formal invitation, Singapore sought an invite, according to people familiar with the matter. They asked not to be identified because of the sensitivity of the information.
Leaders pose for photographs during the Belt and Road Forum in Beijing on May 15.
Photographer: Ng Han Guan/AFP via Getty Images
“The cooler political relationship between Singapore and China could have ripple effects which influence economic and trade relations,” said Lu Jianren, a researcher at the China-Asean Research Institute at China’s Guangxi University. “Singapore has been less proactive to work with China while many leaders in the region showed greater enthusiasm that they want Beijing to be more involved in Southeast Asian growth.”
China’s Ministry of Foreign Affairs didn’t immediately respond to a request for comment. “I wouldn’t say we have major problems; we’ve had some issues and some incidents,” Singaporean Prime Minister Lee Hsien Loong has said of China, in an interview aired by thein March.
Singapore is Southeast Asia’s wealthiest nation and its position straddling the Strait of Malacca lends it strategic importance as a gateway to the South China Sea. As such it should stand to benefit from Xi’s effort to better connect China to the rest of the world through trade and infrastructure.
China remains Singapore’s largest . Singapore is still the second-largest investor in China, even as the amount slipped from $6.97 billion in 2015 to $6.18 billion last year, according to official China .
Singapore has been involved in China’s economic development since the early 1990s. It helped build an industrial park in 1994 in the eastern city of Suzhou which was regarded as a model for attracting foreign investment. There has since been a development in the northern port of Tianjin and most recently a project in Chongqing at boosting the regional logistics hub.
Joko Widodo and Xi Jinping in Beijing on May 14.
Photographer: Kenzaburo Fukuhara/Pool via Getty Images
Still, deals signed during the forum in Beijing point to the political mood: Malaysian Prime Minister Najib Razak inked nine documents with China for investments worth $7.2 billion, with Xi describing ties as their “best ever.” Indonesia signed a $5 billion loan facility after President Joko Widodo met Xi over the country’s Jakarta-Bandung high-speed rail link.
Vietnam’s president, Tran Dai Quang, used his first state visit to China to seek a boost in imports of Vietnamese farm produce, to the Saigon Times. The countries signed five documents on economic and technological cooperation.
Xi-Ma Summit
For Singapore, Wong a memorandum with China to “enable the two sides to enjoy better bilateral relations, more substantive economic ties and closer people-to-people exchanges.” He said Singapore could join Hong Kong and London in facilitating lending to projects aimed at improving connectivity along the trade routes.
Two years ago, Singapore-China ties were riding high. In late 2015, the city-state of 5.3 million hosted the first leaders from China and Taiwan since the two sides clashed in a civil war seven decades ago, with Xi meeting then-President Ma Ying-jeou.
The late Lee Kuan Yew, who led Singapore for 31 years, was known for his pragmatism as the country opened up its economy and financial sector to countries from China to the U.S., and as someone whose advice was sought by other leaders.
South China Sea
A number of hiccups last year put a cloud over ties. Singapore as coordinator for the Association of Southeast Asian Nations-China relationship was caught up in public wrangling over how Asean should respond as a to China’s claims to most of the South China Sea. The city-state doesn’t contest the waters itself.
Singapore lets the U.S. Navy use it as launchpad to send Littoral Combat Ships and Poseidon surveillance aircraft into the South China Sea.
One of seven impounded armoured troop carrier Terrex vehicles belonging to the Singapore military.
Photographer: Anthony Wallace/AFP via Getty Images
In November, Hong Kong seized nine Singaporean infantry carrier vehicles en route from Taiwan on a container ship after being exercises. While Singapore had long trained in Taiwan, the shipment prompted a protest from Beijing, and it wasn’t until January that Singapore secured its release.
Singapore was also a vocal champion of a 12-nation U.S.-led Pacific trade pact of which China was not a member. The deal was a hallmark of former U.S. president Barack Obama’s engagement with the region, and was abandoned by Donald Trump when he took office.
‘Goodwill Gestures’
Still, Zhai Kun, deputy president of the China Association of Southeast Asian Studies, said ties between Singapore and China should eventually recover. “Singapore has showed some goodwill gestures that the country could play an important financial role in the initiative, and the two nations have a tradition to do business,” he said.
On Tuesday, Chinese Communist Party Politburo member Zhao Leji led a delegation to the biannual Singapore-China Forum in the city-state. In a meeting with Lee, the two a “strong and substantial relationship.”
Meanwhile, there remains unease in parts of Southeast Asia about China’s military expansion and what its growth as a regional power might entail.
“They are the only one around with extra money to make new investments in Southeast Asia,” said Oh Ei Sun, principal adviser to the Pacific Research Centre in Malaysia. “Strategically, they still have a long way to go before catching up the breadth and depth of American influence here which dates back decades.”
