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    • SingCham is the premier business chamber for Singaporean interests in Indonesia. Founded in 2006, SingCham aims to promote the business interests of individuals or companies operating in Singapore and/or Indonesia. SingCham provides networking activities, events, and useful information for its members, and acts as the liaison between the Singaporean business community and the Singapore and Indonesian governments. With a focus on fostering better networking and feedback among members, SingCham is committed to providing valuable resources and insights to help members connect, learn, and grow their businesses in Indonesia. Join SingCham today and become part of a thriving business community that benefits from exclusive resources, networking opportunities, and business insights.

    30Aug, 2018
    Singapore and Malaysia to announce joint decisions on HSR and RTS soon

    SINGAPORE: Singapore and Malaysia will announce their joint decisions on the Johor Bahru-Singapore Rapid Transit System (RTS) link and Kuala Lumpur-Singapore High-Speed Rail (HSR) projects soon, said Coordinating Minister for Infrastructure and Transport Minister Khaw Boon Wan on Thursday (Aug 30).

    In a Facebook post recapping a meeting with Malaysia’s Economic Affairs Minister Mohamed Azmin Ali, Mr Khaw said the two were “brainstorming ideas on how to further our bilateral relationship”.

    (read more: Channel News Asia)

     

    20Aug, 2018
    Malaysia makes record $12M rhino horn seizure

    Malaysia has made a record seizure of 50 rhino horns worth an estimated $12 million at Kuala Lumpur airport as they were being flown to Vietnam, authorities said Monday.

    Customs officials found the parts in cardboard boxes on August 13 in the cargo terminal of the capital’s airport, said Abdul Kadir Abu Hashim, head of Malaysia’s wildlife department.

    The 50 rhino horns weighed 116 kilogrammes (256 pounds) and are worth about 50 million ringgit ($12 million), he told AFP, adding that the seizure was “the biggest ever in (Malaysia’s) history in terms of the number of horns and value”.

    (read more: The Jakarta Post)

    14Aug, 2018
    Mahathir wants to raise price of raw water sold to Singapore by more than 10 times

    Malaysia’s Prime Minister Mahathir Mohamad has said he wants to increase the price of raw water supply to Singapore by more than 10 times to reflect the higher cost of living.

    The current water agreement, which expires in 2061, sees Singapore drawing up to 250 million gallons a day (mgd) of raw water from the Johor River, and Johor entitled to 5mgd of treated water from Singapore.

    Singapore pays 3 sen (1 Singapore cent) per 1,000 gallons of raw water, and sells treated water back to Johor at 50 sen per 1,000 gallons. Singapore has said this price is heavily subsidised and below the cost of treating the water.

    (read more: The Straits Times)

    1Aug, 2018
    Malaysia’s sovereign wealth fund Khazanah Nasional invested about US$19.7 million in a failed lingerie business

    Malaysia’s sovereign wealth fund Khazanah Nasional invested about RM80 million (US$19.7 million) in a failed lingerie business, local media reported on Wednesday (Aug 1).

    This was revealed by the country’s economic affairs minister Mohamed Azmin Ali during his ministerial reply on the motion of thanks of the royal address in Parliament, The Star Online reported.

    Responding to a question by former prime minister Najib Razak on how Khazanah had deviated from its original objectives, Azmin said that the fund had invested in the business which eventually failed, according to the report.

    “Khazanah had invested in the online business, involving bras and lingerie,” the report quoted him as saying.

    “The business eventually failed and the losses had to be written off.”

    The minister added that this sort of investment was an example of the direction taken by the fund that had strayed from its focus, the New Straits Times reported.

    (Read more: Channel News Asia)

    9Jul, 2018
    No reply from Malaysia on High-Speed Rail project; Singapore spent more than S$250m by end-May

    There has been no reply to Singapore’s diplomatic note sent on Jun 1 to seek Malaysia’s position on the High-Speed Rail (HSR) project even as costs incurred continues to rise quickly, said Transport Minister Khaw Boon Wan on Monday (Jul 9).

    Mr Khaw said in Parliament that following numerous statements by Malaysian leaders, including Prime Minister Mahathir Mohamad, on the HSR project over the past two months, these suggest that Malaysia no longer intends to continue with the rail project linking its capital of Kuala Lumpur to Singapore.

    (Read more: Channel News Asia)