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<blockquote data-quote="al97" data-source="post: 150011" data-attributes="member: 29424"><p>30 Sep - Commercial Awareness - US-China tension</p><p><a href="https://www.ft.com/content/b66e2f92-1b92-47af-8f4b-f2a1abcedfbd" target="_blank">https://www.ft.com/content/b66e2f92-1b92-47af-8f4b-f2a1abcedfbd</a></p><p><a href="https://www.ft.com/content/0c20823d-2d5f-435e-aec4-269dbe5dafb4" target="_blank">https://www.ft.com/content/0c20823d-2d5f-435e-aec4-269dbe5dafb4</a></p><p></p><p>I've been away for the past few days as I've travelled back home to the other side of the globe. The 16-hour journey was pleasant but the one-way Qatar ticket was a great indication of inflation, bought it at £580 and they used an old aircraft. A year ago, it would probably be at £300-400. I travelled back home because I still have no luck securing a paralegal position after 3 months of contacting recruiters, drafting cover letter like I would for a TC, and receiving rejections. It does not mean I've given up, just a cheaper option to keep applying without paying London rent. Anyways, enjoy the read today!</p><p></p><p>Singapore’s relationship with the US and China </p><p></p><p>It has benefitted from both superpowers </p><ul> <li data-xf-list-type="ul">Last year, SG and China launched a new bilateral defence hotline </li> <li data-xf-list-type="ul">SG and China restarted military drills after the pandemic pause</li> <li data-xf-list-type="ul">In March, SG deployed a US-made military aircraft on a short-term basis </li> <li data-xf-list-type="ul">SG also announced that it might opt to acquire 8 more of the aforementioned aircraft </li> <li data-xf-list-type="ul">SG sourced its arms equipment mostly from US</li> </ul><p></p><p>AML investigation of Chinese money and “Singapore-washing” in SG</p><ul> <li data-xf-list-type="ul">SG washing refers to the act of rebranding Chinese companies as SG-based international companies</li> <li data-xf-list-type="ul">Sequioa China, now Hong Shan, opened a SG office this year </li> <li data-xf-list-type="ul">The foreign capital is recorded as SGD448 bn in 2021 </li> <li data-xf-list-type="ul">The AML allegation targets 8 individuals and SGD1.8 bn, one similarity among them is their ownership of a China passport. The investigation was the largest-ever in SG and prompted scrutiny from the central bank </li> </ul><p></p><p>Why is SG a popular destination?</p><ul> <li data-xf-list-type="ul">Cheap labour and property costs (like India and Indonesia) to build high-tech factory</li> <li data-xf-list-type="ul">Globally connected </li> <li data-xf-list-type="ul">Stable political landscape </li> <li data-xf-list-type="ul">Strong eonomy - even as global recession hits, inflation is at 3.8% and unemployment is 1.9%, in contrast with London’s 5.1%</li> <li data-xf-list-type="ul">Hong Kong lost its crown as an international hub </li> </ul></blockquote><p></p>
[QUOTE="al97, post: 150011, member: 29424"] 30 Sep - Commercial Awareness - US-China tension [URL]https://www.ft.com/content/b66e2f92-1b92-47af-8f4b-f2a1abcedfbd[/URL] [URL]https://www.ft.com/content/0c20823d-2d5f-435e-aec4-269dbe5dafb4[/URL] I've been away for the past few days as I've travelled back home to the other side of the globe. The 16-hour journey was pleasant but the one-way Qatar ticket was a great indication of inflation, bought it at £580 and they used an old aircraft. A year ago, it would probably be at £300-400. I travelled back home because I still have no luck securing a paralegal position after 3 months of contacting recruiters, drafting cover letter like I would for a TC, and receiving rejections. It does not mean I've given up, just a cheaper option to keep applying without paying London rent. Anyways, enjoy the read today! Singapore’s relationship with the US and China It has benefitted from both superpowers [LIST] [*]Last year, SG and China launched a new bilateral defence hotline [*]SG and China restarted military drills after the pandemic pause [*]In March, SG deployed a US-made military aircraft on a short-term basis [*]SG also announced that it might opt to acquire 8 more of the aforementioned aircraft [*]SG sourced its arms equipment mostly from US [/LIST] AML investigation of Chinese money and “Singapore-washing” in SG [LIST] [*]SG washing refers to the act of rebranding Chinese companies as SG-based international companies [*]Sequioa China, now Hong Shan, opened a SG office this year [*]The foreign capital is recorded as SGD448 bn in 2021 [*]The AML allegation targets 8 individuals and SGD1.8 bn, one similarity among them is their ownership of a China passport. The investigation was the largest-ever in SG and prompted scrutiny from the central bank [/LIST] Why is SG a popular destination? [LIST] [*]Cheap labour and property costs (like India and Indonesia) to build high-tech factory [*]Globally connected [*]Stable political landscape [*]Strong eonomy - even as global recession hits, inflation is at 3.8% and unemployment is 1.9%, in contrast with London’s 5.1% [*]Hong Kong lost its crown as an international hub [/LIST] [/QUOTE]
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