Powell: US economy looks to be strengthening

elean 23 3 月

3 minutes

WASHINGTON (REUTERS) - The US economy is "much improved", Federal Reserve Chair Jerome Powell said on Monday, crediting Congress and the central bank both for providing "unprecedented" support, but at the same time warning that the recovery is still "far from complete". "The recovery has progressed more quickly than generally expected and looks to be strengthening," Powell said in remarks prepared for delivery to a congressional hearing on Tuesday morning. Household spending has risen, he said, and the housing sector has more than fully recovered. "However, the sectors of the economy most adversely affected by the resurgence of the virus, and by greater social distancing, remain weak, and the unemployment rate - still elevated at 6.2 per cent - underestimates the shortfall, particularly as labour market participation remains notably below pre-pandemic levels," he said. "The recovery is far from complete, so, at the Fed, we will continue to provide the economy the support that it needs for as long as it takes." Powell's prepared remarks hewed to the tone of cautious optimism he has struck in recent weeks amid indications that a recovery is gaining strength. Fed policymakers and many...

SeaPRwire

Semiconductor shortage halts Volvo truck production

elean 23 3 月

1 minute

STOCKHOLM (AFP) - Swedish auto giant Volvo announced Monday that it is being forced to halt its truck production due to a global shortage of semiconductors. The world's second-largest producer of heavy goods vehicles "will implement stop days across its global truck manufacturing operations" in the second quarter, the Volvo Group said in a statement. "In total, these are currently estimated to between two and four weeks depending on production site," the company said, acknowledging that the effect on output would be "substantial". "Visibility into the global supply chain of semiconductors as well as other components is currently very low and the uncertainty about the development is high," Volvo said, warning the shortages would also affect its other business areas. Automakers have been especially hard hit by the supply crunch for computer chips, which stems in part from outsized demand for personal electronics during the pandemic. Ford and Volkswagen are among car manufacturers that have been forced to cut back on production due to the shortages. More on this topic Related Story Deploy 'choke points' to prevent Chinese dominance in semiconductors: US panel

SeaPRwire

US stocks gain as bond yields pull back

elean 23 3 月

2 minutes

NEW YORK (AFP) - The tech-rich Nasdaq jumped Monday (March 22), leading major equity indices upward, as a retreat in US Treasury yields offset disappointing housing data. Tech giants such as Facebook and Tesla advanced as the yield on the 10-year US Treasury note pulled back from its highest level in more than a year. Fears over rising yields and higher inflation have weighed on tech stocks for much of the first quarter. Analysts warned Monday's shift in yields may be fleeting. "The yield rally has been relentless this year, but sometimes takes small breaks," said a note from JJ Kinahan, chief market strategist at TD Ameritrade. The Nasdaq Composite Index finished up 1.2 per cent at 13,377.51. The Dow Jones Industrial Average advanced 0.3 per cent to 32,731.20 while the broad-based S&P 500 gained 0.7 per cent to 13,377.54. Investors were cheered by positive US trials for AstraZeneca's coronavirus vaccine. But on the downside, sales of existing homes in the United States fell 6.6 per cent in February, a weaker-than-expected showing as tightening inventory pushed prices up and kept buyers away. Among individual companies, Kansas City Southern shot up 10.8 per cent after agreeing to b...

ACN Newswire

手握多款重磅品种，四环医药跨入“医药+医美”大时代

tallulah 23 3 月

1 minute

HONG KONG, Mar 22, 2021 - (亚太商讯 via SEAPRWire.com) - 医药行业一直是高增长、抗周期的代名词，而医美则是近年风生水起的“黄金赛道”。横跨医药、医美两大高增长领域，四环医药历时十几年精心布局的双航道战略终于在2021年稳步起航。策略性布局高增长治疗领域，多款重磅产品极具商业化前景创新是一家医药企业的社会责任和担当，也是长远发展的不竭动力。四环医药早于2008年，就在攻关高技术壁垒的创新药和新型仿制药领域。公司于2008年收购轩竹医药的60%股份，并在2012年完成剩余股份收购，开始孵化集研发、临床开发、生产和销售一体的领先的生物医药研发平台。2018年投入5亿元研发开支，占当年营收比重17%；2019年则投入近6亿元，四环医药坚持每年大手笔投入自主研发，精心打造四环医药创新驱动、创仿并举的研发平台。目前公司拥有近1000人的研发团队，在研药品项目110多个，获得创新药物发明专利300余件，其中超过80件申请获得国外专利权。四环医药在研项目储备丰富，覆盖抗肿瘤、抗感染、糖尿病、及非酒精性肝炎等多个重点治疗领域，均在各自细分用药领域具有高增长性，为未来业绩增长奠定基础。1、吡罗西尼引领CDK4/6抑制剂行业，抢滩全球60亿美元市场四环医药最早于2008年就进入创新药领域，并于 2012年孵化轩竹生物，启动一类新药加格列净和吡罗西尼的自主研发。迄今公司创新药在研管线有近20项，包括大分子和小分子的药物，管线资产涵盖抗肿瘤、代谢病、抗感染等多个领域，均具备完全的自主知识产权，其中多项已进入临床后期阶段。在抗肿瘤领域，集团已经开展临床的有CDK4/6 产品，也有在临床I期和临床前的抗肿瘤药物，还立项了十几项肿瘤产品仿製药专案，以加速丰富肿瘤产品管线和产品上市。其中拳头产品吡罗西尼（CDK4/6 抑制剂）是治疗晚期乳腺癌的核心一类创新药物和主要产品，单药单臂末线疗法2020年9月已开始作为单一疗法进入临床Ⅱ期。如果符合相关要求可以直接跳过Ⅲ期临床直接申报上市。CDK4/6抑制剂作为近年来较新、较火的靶点，2015年全球首个CDK4/6抑制剂——辉瑞的Palbociclib（帕博西尼，商品名：Ibrance）获得美国FDA批准。2019年，全球CDK4/6抑制剂销售额高达60.21亿美元，具有广阔的临床应用前景。另外，四环医药自主研发的1类创新药百纳培南也即将完成II期临床研究，进入III期临床。从已获得的临床及临床前研究数据显示，百纳培南具有良好的抗菌活性和安全性，半衰期长，支持每日一次给药，明显优于同类已上市药物。百纳培南是国内第一个自主创新的碳青霉烯类抗生素，后者在国内市场规模已接近百亿元。据米内网数据，2017年中国公立医疗机构终端碳青霉烯类的市场规模上涨至97亿元，TOP4企业为默沙东、日本住友制药、深圳海滨制药...

SeaPRwire

FXList Comprehensive Guidance Moves to the Next Level

aseanpr 23 3 月

3 minutes

Russia, Moscow / SEAPRWire.com / Mar 23, 2021 / FXList always known for comprehensive guidance, now set to move to another level altogether, with more in-depth tools and parameters for judgment, it is opening doors for everyone. Forex or foreign exchange is the buying and selling of one or more national currencies for profit. The FX market, on average, generates more than $5 trillion on a daily basis. While both buyers and sellers can meet over the counter to facilitate trades, electronic platforms have also made it possible for traders that are internet-savvy. The narrative of the past was that only financial institutions and institutional traders were actively involved in forex trading, but today, millions of traders now access the FX market without any impediment. To access the forex market, a forex broker is required and helps to facilitate the entrance into the market. Choosing a reliable forex broker can be a headache. However, with covering areas like the broker's regulation, payment methods, asset classes, and trading platform, it would be one step away from choosing the best online trader. It can be challenging to review each broker. To save the time and stress, ...

ACN Newswire

HKTDC Export Index 1Q21: Export confidence continues to grow

indie 22 3 月

6 minutes

HONG KONG, Mar 22, 2021 - (ACN Newswire via SEAPRWire.com) - The HKTDC Export Index rose a further 2.8 points to 39.0 in the first quarter of this year compared with the preceding quarter, the Hong Kong Trade Development Council (HKTDC) announced today. "Although the index has risen for four consecutive quarters, it remains in contractionary territory, suggesting a cautiously optimistic export outlook," said HKTDC Director of Research Nicholas Kwan. "The city's export performance will be affected by several uncertainties such as whether there is a revival in consumer and business confidence, and whether the economic stimulus packages implemented in major economies are effective."Presenting the HKTDC Export Index for the first quarter of 2021 and an analysis on smart-city opportunities in the "new normal" are researchers at the Hong Kong Trade Development Council: (L-R) Economist Melissa Ho, Director of Research Nicholas Kwan, Assistant Principal Economist (Global Research) Louis Chan and Economist Samantha YimMeanwhile, resurgence of the COVID-19 pandemic (46%) and softening global demand (28.4%) remained local exporters' key concerns, according to the survey."As the impact of COVI...

ACN Newswire

China Dynamics Forms JV in Dubai to Develop Electric Vehicle Business

indie 22 3 月

4 minutes

HONG KONG, Mar 22, 2021 - (ACN Newswire via SEAPRWire.com) - China Dynamics (Holdings) Limited (the "Company"; Stock Code: 476, together with its subsidiaries, collectively "China Dynamics" or the "Group"), a provider of new energy vehicles and technology integrated solutions, and W Motors Automotive Group Holding Limited ("W Motors") have signed a Memorandum of Understanding ("MOU") for strategic business cooperation, with the intention of forming a 30:70 joint venture ("JV") in Dubai for the manufacture, assembly, sales and distribution of electric vehicles across the world. Mr. Miguel Valldecabres Polop, CEO of China Dynamics, who stands next to a new model at W Motors showroom Dubai, believes that the cooperation with W Motors will enable both parties to share expertise and know-how, with the aim of exploring future opportunities in the ever-growing new energy vehicles sector across the world. Under the MOU, the JV under the name of LOKI (Low Emission Kinetic Energy), will set up a small series manufacturing facility in the United Arab Emirates for the assembly of bodies, interiors and other features of electric vehicles. China Dynamics will serve as the official platform, powe...

ACN Newswire

紫金矿业截至2020年12月31日止年度业绩公布

tallulah 22 3 月

1 minute

HONG KONG, Mar 22, 2021 - (亚太商讯 via SEAPRWire.com) - 紫金矿业集团股份有限公司（「公司」；SSE: 601899、SEHK: 2899）董事会欣然公布本公司及其附属公司（统称「本集团」）截至2020年12月31日止年度已审核综合年度业绩。业绩摘要如下︰截至2020年12月31日止年度，本集团实现营业收入人民币1,715.01亿元，同比增长26.01%（上年同期：人民币1,360.98亿元）。截至2020年12月31日止年度，本集团实现利润总额人民币108.46亿元，同比增长55.51%（上年同期：人民币69.74亿元）。截至2020年12月31日止年度，本集团归属于上市公司股东的净利润为人民币65.09亿元，同比增长51.93%（上年同期：人民币42.84亿元）。于2020年12月31日，本集团总资产为人民币1,823.13亿元，较年初增长47.23%（年初：人民币1,238.31亿元）。于2020年12月31日，本集团归属于上市公司股东的净资产为人民币565.39亿元，较年初增长10.46%（年初：人民币511.86亿元）。董事会建议公司2020年度股利分配预案为：每10股派发现金红利人民币1.2元（含税）。2020年度利润分配方案尚需股东大会审议批准。主要矿产品产量指标规划 2020年 2021年 2022年 2025年矿产金（吨） 40.5 53-56 67-72 80-90 矿产铜（万吨） 45.3 54-58 80-85 100-110 矿产锌（铅)(万吨）37.8 45-48 47-50 -- 铁精矿（万吨） 387 350-380 290-330 -- 矿产银（吨） 299 240-300 270-310 -- 注：2022-2025年矿产金、铜外的其他矿产品产量基本保持不变。本新闻稿中有关未来的经营及财务数据（如有）为本公司的目标，并不构成本公司的盈利预测。并无保证本公司可以或不可以达成该等目标。鉴于有关风险及不确定因素，本新闻稿所载的前瞻性陈述不应被视为或构成董事会或本公司对投资者有关本新闻稿中所载计划及目标能够达成的表示或实际承诺，投资者不应过分依赖该等陈述。除非另有适用的证券法例要求，本公司并不承诺会公开对任何前瞻性陈述或资料的更新或修订，不管是否因新数据、将来事件或其他因素而需要更新或修订。紫金矿业集团股份有限公司http://www.zjky.cn Copyright 2021 亚太商讯. All rights reserved. (via SEAPRWire)

ACN Newswire

Black Spade Capital Announces Acquisition of iRad Medical Holding

indie 22 3 月

4 minutes

HONG KONG, Mar 22, 2021 - (ACN Newswire via SEAPRWire.com) - Black Spade Capital Limited ("Black Spade Capital"), the family office of the casino magnate Lawrence Ho, has announced the acquisition of iRad Medical Holding Limited ("iRad"), a Hong Kong-based diagnostic imaging practice. Following the acquisition, Black Spade Capital will be the majority shareholder of iRad. (From left to right)Dr. Matthew Ngan, Chairman of iRad; Ms. Crystal Yeung, Marketing Manager of iRad; Mr. Kin Wong, CEO of iRadiRad currently operates four radiology clinics in prime locations across Hong Kong, including in Central, Jordan and Mongkok. Moreover, the practice has a workforce of close to 100 radiologists, radiographers, nurses and supporting staff members, who provide a wide spectrum of modalities including magnetic resonance imaging (MRI), computed tomography (CT), mammography, ultrasound and X-ray. iRad will continue to be led and managed by the founding team of the medical group, while Black Spade Capital will be working closely with the iRad management on strategies for its development and market expansion.Mr. Dennis Tam, President and CEO of Black Spade Capital, said, "We are very pleased with ...

JCN Newswire

Sony and NTT DOCOMO Control Driverless “Entertainment Vehicle” in Guam from Japan–Over 2,500km–Via Remote Driver System Deployed on 5G Network

ruth 22 3 月

3 minutes

TOKYO, Mar 22, 2021 - (JCN Newswire via SEAPRWire.com) - Sony Corporation and NTT DOCOMO, INC. jointly announced today that they succeed in remotely controlling Sony's Sociable Cart (SC-1) entertainment vehicle carrying passengers in Guam from a base in Tokyo, over 2,500km away, via a 5G network.Video of the vehicle's perimeter was captured with Sony image sensors and sent in real time to a Sony office in Tokyo where the vehicle was driven remotely while the operator watched a monitor, taking advantage of 5G's low latency, large capacity and extra-high-speed connectivity. The test used a 5G network provided by DOCOMO PACIFIC, INC., a wholly owned subsidiary of DOCOMO.The SC-1's image sensors, which exceed human vision, are mounted on the vehicle's front, rear and sides, enabling high-resolution video of the vehicle's entire perimeter to be viewed by the remote operator and also passengers watching an on-board monitor. The use of these ultra-high-sensitivity sensors together with high-resolution monitors allows the operator to view surroundings clearly, including at night even without using headlights.In the emerging age of autonomous mobility, remote operation and monitoring are be...

ACN Newswire

Shougang Century Announces 2020 Annual Results

indie 22 3 月

4 minutes

HONG KONG, Mar 22, 2021 - (ACN Newswire via SEAPRWire.com) - Shougang Concord Century Holdings Limited ("Shougang Century", together with its subsidiaries, "the Group"; stock code: 0103.HK) is pleased to announce its audited annual results for the year ended 31 December 2020.During the year under review, the pandemic outbreak caused a halt to manufacturing industries in a number of countries, dealing a heavy blow to the global economy. Fortunately, the Chinese government responded to the pandemic quickly after the outbreak with a series of effective and targeted measures, which underpinned the satisfactory progress in work resumption and production acceleration. On the other hand, the rampant pandemic has not been controlled in the overseas and dragged on manufacturing sectors across other countries, resulting in a shortage of tyres and related products. In view of this, the Group decisively seized the market opportunities by exploring new customers, while optimizing its sales mix to flexibly meet customers' requirements. Meanwhile, in order to actively cater for the market demand, the Group adopted a multi-pronged approach to expand production capacity in order to boost both the s...

JCN Newswire

Eisai Begins Construction of Its New Injection/Research Building at Kawashima Industrial Park in Japan

ruth 22 3 月

2 minutes

TOKYO, Mar 22, 2021 - (JCN Newswire via SEAPRWire.com) - Eisai Co., Ltd. announced today that, as part of one strategic investment towards the realization of its medium-term business plan "EWAY2025", it has conducted the groundbreaking ceremony for the construction of a new injection/research building "Eisai Medicine Innovation Technology Solutions" ("EMITS") at the Kawashima Industrial Park located in Gifu Prefecture, Japan.The current research building at Kawashima Industrial Park has served as a base for formulation research since its completion in 1980. In recent years, Eisai's drug discovery targets have expanded to include new modalities such as antibodies, antibody drug conjugates (ADCs), and nucleic acid drugs, in addition to conventional small molecule compounds. Most of these new modality formulations are injectable; thus the utilization of enhanced injection formulation technologies and drug delivery systems (DDSs) is essential.In order to fulfill the needs for such new modality formulations, through EMITS, Eisai will transfer its formulation research function from the current research building, along with enhancing its manufacturing process development function for inje...

ACN Newswire

中国动力在迪拜成立合资公司发展电动汽车业务

tallulah 22 3 月

1 minute

HONG KONG, Mar 22, 2021 - (亚太商讯 via SEAPRWire.com) - 新能源汽车及技术综合解决方案供应商中国动力（控股）有限公司（「公司」；股份代号：476，连同其附属公司，统称「中国动力」或「集团」）与W Motors Automotive Group Holding Limited（「W Motors」）签订商务战略合作备忘录（「备忘录」），拟于迪拜成立合资企业（「合资企业」）进行全球电动车生产、组装、销售及配送业务。集团与W Motors分别占合资企业30%及70%权益。中国动力行政总裁Miguel Valldecabres Polop先生（图中站在W Moters迪拜展厅新车旁）相信，与W Motors合作将使双方能够共享专业知识和技术，并为蓬勃的全球新能源汽车市场探索未来机遇。根据备忘录，合资企业名为LOKI（Low Emission Kinetic Energy，低排放动能），将在阿拉伯联合酋长国建造一项小型生产设施，用于组装电动车车身、内饰及其他配件。中国动力将成为指定的底盘、动力系统及技术供应商，而W Motors将成为所有设计、车型、组装及市场推广的指定合作伙伴。LOKI预期将于十二个月内推出两个可完全正常运行的样车，以供测试及预订。新的电动车产品线包括但不限于轻型货车、送货车、救援车、拖车、垃圾车、公共和私人巴士，以及校车。双方同意共同着力营销，并计划发展彼此之间的战略伙伴关系/联盟关系，以把握中东市场的相关机遇。中国动力行政总裁Miguel Valldecabres Polop先生表示：「我们很高兴与W Motors签订备忘录。作为一家提供新能源汽车和技术创新解决方案的供应商，集团以切实有效的方式整合先进技术，开发低成本且科技含量高的全电动车。W Motors是一家超级跑车制造商及汽车设计中心，除此之外，还与跨国工程商紧密合作，为国际市场生产限量版汽车。此次合作将使我们能够共享彼此的专业知识和技术，并为蓬勃的全球新能源汽车市场探索未来机遇。」关于中国动力（控股）有限公司（股份代号：476）中国动力（控股）有限公司为中国新能源商用车的先行者和实践者、专用客车和新能源客车整车生产商，在新能源平台化电系统及关键零部件方面有着坚实的技术基础，是出行与物流综合解决方案的供应商。集团在重庆有2个生产基地，并着力开拓中国大陆、香港和菲律宾等地的销售网络。关于W Motors Automotive Group Holding LimitedW Motors成立于2012年，是中东地区第一家高性能豪华跑车制造商。公司总部设在迪拜，参与汽车设计、工程及制造的研究和开发等全方位业务，其特别项目部亦提供汽车顾问服务。在创始人兼CEO Ralph R. Debbas先生的带领下，W Motors与全球领先的汽车工程与制造公司合...

ACN Newswire

Water Crisis Highlights Need for New Solutions & Technologies to Drive Conservation in Asian Agriculture

indie 22 3 月

3 minutes

SINGAPORE, Mar 22, 2021 - (ACN Newswire via SEAPRWire.com) - As World Water Day is recognized in Asia and around the globe today, CropLife Asia is marking the occasion by calling for more intensive efforts and collaborative work to drive water conservation in regional agriculture. "There is no natural resource as precious as water, and how we work together to ensure it's conservation will play a large part in determining the future for all of us," said Dr. Siang Hee Tan, Executive Director of CropLife Asia. "Food production requires far too much of this precious resource. Thankfully, plant science innovations are reducing the amount of water needed to drive agriculture. Access to these technologies and other tools that support sustainable food production with less dependence on water are critical for Asia's farmers." With the recent release of new water security data as part of UNICEF's Water Security for All initiative, the critical importance of the availability of this resource is more evident than ever. Specifically, the analysis revealed that more than 1.42 billion people worldwide live in areas of high or extremely high water vulnerability - this includes 450 million children...

SeaPRwire

Adecco Personnel is first employment agency picked as SGUnited Jobs and Skills placement partner

aseanpr 22 3 月

3 minutes

SINGAPORE - Adecco Personnel has been picked as the first employment agency to be an SGUnited Jobs and Skills placement partner to provide job seekers with professional career-matching services. The Ministry of Manpower (MOM) and Workforce Singapore (WSG) announced the appointment in a statement on Monday (March 22). Having placement partners for the SGUnited Jobs and Skills programme "complements the Government's existing job-matching efforts and augments overall placement capacity", said MOM and WSG. Selected employment agencies that have shown their ability to hire fairly will be appointed as placement partners to help Singaporean and permanent resident job seekers find opportunities under the SGUnited Jobs and Skills programme, they added. "The appointment of placement partners also recognises the important role (employment agencies) play in the labour market, given their extensive networks and expertise in job matching," said MOM and WSG. Employment agencies that have been appointed as placement partners will receive fees for the placement of mature job seekers, long-term unemployed job seekers or people with disabilities into jobs, traineeships and attachments. They are expec...

SeaPRwire

Four Caltex stations to offer electric vehicle charging points

aseanpr 22 3 月

2 minutes

SINGAPORE - Chevron Singapore, which operates the Caltex refuelling stations here, has teamed up with SP Group to set up electric vehicle (EV) charging points. The move, which comes 20 months after rival Shell set up its Recharge points, will see fast chargers at four Caltex service stations - in Chong Pang (North), Changi (East), Jurong Spring (West) and Dunearn (Central). They will be equipped with 50kW direct current (DC) chargers that can charge up an EV in as little as 30 minutes. The one at Changi will have two such chargers, which are designed to allow a compatible car to charge up to a speed of 100kW (provided only one car is utilising the point). The other three service stations will each be equipped with one 50kW DC charger. The charging fee is 46.63 cents/kWh, compared with 55 cents/kWh at Shell's points. In a joint statement on Monday (March 22), SP and Caltex said they will study usage patterns and behaviour at the stations "to refine and enhance accessibility and utilisation, and plan for more charging points and locations". The chargers will be installed by the second quarter of 2021, and will be incorporated on the SP Utilities mobile app, which allows EV drivers to...

ACN Newswire

Zijin Mining Reports Annual Results for the Year Ended 31 December 2020

indie 22 3 月

2 minutes

HONG KONG, Mar 22, 2021 - (ACN Newswire via SEAPRWire.com) - Zijin Mining Group Co., Ltd. (SSE:601899, SEHK:2899) is pleased to announce audited consolidated annual results for the Company and its subsidiaries (the "Group") for the year ended 31 December 2020 (the "Period").Group results for the period are summarized as follows:-- Operating income of RMB 171.501 billion, an increase of 26.01% compared with 2019 (RMB 136.098 billion). -- Profit before tax of RMB 10.846 billion, an increase of 55.51% compared with 2019 (RMB 6.974 billion).-- Net profit attributable to owners of the company of RMB 6.509 billion, an increase of 51.93% compared with 2019 (RMB 4.284 billion).-- Total assets were RMB 182.313 billion as of 31 December 2020, an increase of 47.23% compared with the beginning of the year (RMB 123.831 billion).-- Net assets attributable to owners of the company were RMB 56.539 billion as of 31 December 2020, an increase of 10.46% compared with the beginning of the year (RMB 51.186 billion).The Board of Directors proposes a profit distribution for the period of a final cash dividend of RMB 1.2 per 10 shares (tax included). This proposed profit distribution is subject to approva...

SeaPRwire

US and China must manage tensions, cooperate on common challenges despite competition: DPM Heng

aseanpr 22 3 月

7 minutes

SINGAPORE - Even as the United States and China compete strategically, the two major powers must find a way to manage tensions and develop a framework for cooperation, said Deputy Prime Minister Heng Swee Keat. Speaking at the Credit Suisse Asian Investment Conference on the topic "Will Asia emerge stronger in a post-Covid-19 world?" on Monday (March 22), Mr Heng said a stable US-China relationship is important to the global commons. While the Biden administration will bring a more predictable approach to the world's most critical bilateral relationship, the US and China will continue to be strategic competitors, he said. "I am glad that both sides have acknowledged that there are areas that they could work together on, despite the competitive tenor of their relationship." He called the first high-level, face-to-face meeting between both countries under the Biden presidency last week "a step in the right direction". At the start of what Washington called "tough and direct" talks in Alaska last Thursday and Friday, top Chinese and US diplomats publicly rebuked each other's policies. China's official Xinhua news agency later said that both sides will set up a joint working group on c...

SeaPRwire

Restoring conserved truss bridges along Singapore’s rail corridor to their former glory

aseanpr 22 3 月

3 minutes

SINGAPORE - Since its reopening late last year after about two years of restoration work, the Bukit Timah Truss Bridge along the Rail Corridor has become a popular photo stop for hikers and cyclists alike. Another truss bridge, the Upper Bukit Timah Truss Bridge, was officially reopened on Monday (March 22). While the industrial beauty of both rustic bridges is immediately apparent, the painstaking effort made to restore them to their former glory will likely go unnoticed by most people who walk or cycle along them today. That few realise restoration works have been done is a testament to a job done well, said Mr Teo Chong Yean, a director at the Urban Redevelopment Authority (URA) who was involved in enhancement works along the Rail Corridor. He said the team was meticulous in its efforts to restore the two 1932 bridges, which are located next to The Rail Mall and at the western end of Dunearn Road and Bukit Timah Road. For instance, they ensured that each sleeper, clip and spike of train tracks was put back in its exact position on the bridges after being removed for drainage works. To achieve such precision, laser scanning technology was used to map the position of each of these...

SeaPRwire

4km Rail Corridor stretch between Hillview and Bukit Timah reopens

aseanpr 22 3 月

4 minutes

SINGAPORE - A stretch of the Rail Corridor has been reopened, with new features such as additional access points for visitors and restored rail infrastructure. The stretch of about 4km is between Hillview and Bukit Timah. It is between two conserved truss bridges, and is known as the Rail Corridor (Central). It had been closed since 2019 for restoration works. On Monday morning (March 22), Minister for National Development Desmond Lee took a walk along the trail with members of the Friends of Rail Corridor community group, which was formed in 2017. The Rail Corridor is a nature trail along the former Keretapi Tanah Melayu (KTM) railway line connecting Singapore and Malaysia. The Malaysian rail service ceased operations here in 2011. In a pre-recorded speech sent to the media, Mr Lee said that Singaporeans' feedback was thoroughly reviewed as the authorities drew up plans for the stretch. Taking this feedback into account, physical remnants of the corridor's railway heritage were retained. This includes four bridges which were repaired and refurbished. Second, biodiversity and greenery along the stretch were enhanced, Mr Lee said. Native plants were added along the way, and night li...

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