Singapore-US friendship has never been stronger, says TrumpUS President lauds ties, calling Republic one of America's closest strategic partners in AsiaBy Zakir Hussain,
Political Editor In Washington, The Straits Times, 25 Oct 2017
The friendship between Singapore and the United States "has never been stronger than it is right now", President Donald Trump said after hosting Prime Minister Lee Hsien Loong at the White House.
"Singapore is one of our closest strategic partners in Asia," he said after a four-eye meeting with PM Lee and a working lunch which included Vice-President Mike Pence and ministers from both sides.
"The US-Singapore relationship has made both of our peoples far more prosperous and secure, and our values have made us longstanding friends. We are fortunate to have such a wonderful and loyal partner."
Both Mr Trump and PM Lee also spoke of the robust and enduring relationship between the two countries and of their commitment to build on these ties in statements made on Monday at the Rose Garden of the White House.
PM Lee said: "It is a deep and wide relationship with substantial cooperation in economic, defence and security spheres. We also discussed what more we could do to take it forward."
They also witnessed the signing of a US$13.8 billion (S$19 billion) agreement between Singapore Airlines (SIA) and Boeing for 39 new planes.
Mr Trump, who said the deal would create some 70,000 jobs, also noted that Singapore's commitment to the rule of law, intellectual property protection and to being fair and reciprocal had attracted more than 4,000 US companies to Singapore.
PM Lee said the aircraft deal would enable SIA to further modernise its fleet.
He also thanked the US for hosting more than 1,000 Singapore Armed Forces (SAF) personnel each year in detachments in Arizona, Idaho, Oklahoma and Texas.
PM Lee replied: "We are glad to have been of some help to our very gracious hosts."
Defence Minister Ng Eng Hen said in Manila, after meeting his US counterpart James Mattis, that Singapore will continue to contribute a KC-135R tanker aircraft, an Imagery Analysis Team and a medical team for an additional year.
In Washington, Mr Trump and PM Lee also discussed regional security.
"Our two nations also share an unwavering commitment to countering the North Korean threat and promoting freedom of navigation in the South China Sea," said Mr Trump.
PM Lee said Singapore strongly opposes the nuclearisation of the Korean peninsula, as it affects the region's peace and stability.
He shared what Singapore had done to pressure and isolate North Korea, but said there is no quick and easy solution.
"Pressure is necessary, but so is dialogue. The US will need to work with others, including China, South Korea and Japan, and Russia, to resolve the issue," he said.
PM Lee's visit comes ahead of Mr Trump's first trip to Asia.
The Prime Minister said that he hopes the US will maintain good relations with China as this will enable countries in the region to enjoy peace and prosperity.
He also looked forward to seeing Mr Trump at next month's Asia-Pacific Economic Cooperation summit in Vietnam, and at the ASEAN and East Asia summits in the Philippines, saying: "His presence in Asia will mean a lot to America's many friends and allies in the region, and it will open doors and develop markets for US exporters and investors."
Mr Trump acceptedPM Lee's invitation to visit next year, when Singapore chairs ASEAN and hosts its annual meetings.
PM Lee later met Treasury Secretary Steve Mnuchin, and they reaffirmed the strong and mutually beneficial Singapore-US trade and investment links, as well as the importance of continued US economic engagement of the Asia-Pacific.
Today, PM Lee speaks at the Council on Foreign Relations and meets key congressional leaders.
SIA-Boeing $19 billion deal a 'win-win' for both sidesBy Zakir Hussain,
Political Editor,
The Straits Times, 25 Oct 2017
WASHINGTON • Singapore Airlines (SIA) has signed a deal with American aircraft manufacturer Boeing to buy 39 aeroplanes worth almost US$14 billion (S$19 billion).
The signing ceremony at the White House's Roosevelt Room on Monday was witnessed by Prime Minister Lee Hsien Loong, who is on an official working visit to the United States, and President Donald Trump, who said the deal would create some 70,000 American jobs.
Boeing said the transaction will sustain thousands of US suppliers as well as 70,000 direct and indirect US jobs during the delivery period of the contract.
PM Lee later said: "It is a win-win for both sides. It will further modernise SIA's fleet and will also support many American jobs."
Under the deal, SIA will buy 20 Boeing 777-9s and 19 787-10 Dreamliners over the next decade.
SIA chief executive officer Goh Choon Phong and Boeing Commercial Airplanes CEO and president Kevin McAllister signed the agreement, with SIA chairman Peter Seah present.
Mr Goh said the major order would enable the airline to continue operating a modern and fuel-efficient fleet. "These new aircraft will also provide the SIA Group with new growth opportunities, allowing us to expand our network and offer even more travel options for our customers," he added.
The 777-9s, intended mainly for long-haul routes, are due for delivery from the 2021/22 financial year, while the 787-10s, for medium-range routes, are due from the 2020/21 financial year.
SIA's first 787-10, from a previous order in 2013 for 30 aircraft, is due to be delivered in the first half of next year.
"We are thrilled to finalise their purchase," said Mr McAllister, adding that Boeing and SIA have been strong partners since the airline's first operations 70 years ago.
The deal was highlighted as a demonstration of the strong commercial ties between both countries, at a working lunch attended by PM Lee and Mr Trump, Vice-President Mike Pence, as well as Foreign Minister Vivian Balakrishnan, Minister for Trade and Industry (Industry) S. Iswaran and Second Minister for Defence Ong Ye Kung. Also at the lunch were US Trade Representative Robert Lighthizer, National Security Adviser H.R. McMaster, Undersecretary of State Thomas Shannon and senior adviser to the President Jared Kushner.
Mr Trump told the press later: "I want to thank the Singaporean people for their faith in the American engineering and American workers. And our American workers deliver the best product, by far." Describing Singapore as a magnet for business, he added: "Today, over 4,000 American companies are operating in Singapore, and we have a very large trading relationship with Singapore."
PM Lee said the US is an important economic partner for many countries in Asia, just as countries in the region are important economic partners for the US.
"Singapore is a small country - we are just 5.5 million - but we have sizeable investments and trade with the US, which continue to grow," he added.
Singapore is the second-largest Asian investor in the US, with over US$70 billion in stock investments. Total trade in goods and services between both countries amounted to more than US$68 billion last year.
The US has also consistently run a trade surplus with Singapore, which stood at over US$18 billion last year, and America exported US$43 billion of goods and services to Singapore in the same period.
PM Lee said Singapore must be one of the "highest buying American customers in the world" on a per capita basis, with each person consuming on average about US$7,500 worth of American goods and services yearly. He listed iPhones, pharmaceutical products, tyres, financial and consultancy services and golf clubs, and said to laughter: "I mean the sticks, not the associations."
Mr Trump is an avid golfer who owns several clubs.
PM Lee said he also discovered recently that his New Balance sports shoes - "which are very good" - are made in the US, probably in New England.
Singapore to extend SAF contribution to counter-ISIS coalition, says PM Lee Hsien Loong at meeting with President TrumpBy Zakir Hussain,
Political Editor, in Washington, The Straits Times, 25 Oct 2017
Singapore will extend to next year its existing deployment of Singapore Armed Forces (SAF) assets and personnel to the global coalition to defeat the Islamic State in Iraq and Syria (ISIS) terror group, Prime Minister Lee Hsien Loong said.
He gave this commitment to US President Donald Trump during their meetings at the White House on Monday (Oct 23, US time), Mr Lee said at a joint press conference after both leaders met.
Singapore and the United States have strong defence ties, Mr Lee said, adding that Singapore supports the US military presence in the region, and has hosted US Air Force and US Navy aircraft and ships on rotational deployments since 1990.
He also thanked the US for hosting over 1,000 Singapore military personnel each year in training detachments - in Luke Air Force Base in Phoenix and Marana, Arizona, at Mountain Home Air Base in Idaho, at Grand Prairie, Texas, and in Fort Sill, Oklahoma.
Republic of Singapore Air Forces (RSAF) Chinooks and military personnel in Grand Prairie were deployed to assist in disaster relief operations in the wake of Hurricane Harvey.
"We are glad to have been of help," PM Lee said.
This close partnership extends to other areas of security cooperation - including transnational security, terrorism and cybersecurity, he noted.
Singapore has lent early and consistent support to the Defeat-ISIS Coalition, he added. It is the only Asian country to contribute both military assets and personnel.
Singapore first announced its intention to contribute to the coalition in 2014.
The SAF has since deployed troops to provide imagery and intelligence analysis support to the coalition's Combined Joint Task Force, as well as a KC-135R tanker aircraft to support air-to-air refuelling operations for coalition aircraft.
The tanker squadron's contributions came during a crucial period leading up to the liberation of Mosul from ISIS in July, Defence Minister Ng Eng Hen noted recently.
A SAF medical team in Iraq is also part of this effort to support coalition forces in the fight against terrorism.
Earlier in the day, PM Lee spoke at the Economic Club of Washington D.C.
The session was moderated by President of the Economic Club of Washington D.C. and CEO of The Carlyle Group David Rubenstein.
In the afternoon, following their four-eye meeting in the Oval Office, PM Lee and President Trump witnessed the signing ceremony between Singapore Airlines and Boeing
for the purchase of 39 Boeing planes at the White House.
President Trump subsequently hosted a working luncheon for PM Lee together with Cabinet Secretaries and key White House officials. President Trump accepted PM Lee’s invitation to visit Singapore next year, the Prime Minister's Office said in a statement.
PM Lee also met Secretary of the Treasury Steve Mnuchin, during which they reaffirmed the strong and mutually beneficial trade and investment linkages between Singapore and the US, and the importance of continued US economic engagement of the Asia-Pacific, the statement said.
PM Lee urges US to sustain economic ties with AsiaRegion holds many opportunities for American businesses, he saysBy Zakir Hussain,
Political Editor In Washington,
The Straits Times, 24 Oct 2017
Prime Minister Lee Hsien Loong yesterday urged the United States to sustain its economic engagement of Asia, which continues to hold many opportunities for American businesses.
He also highlighted how the peace and stability of the Asia-Pacific, which were shaped by decades of such engagement, are vital US national security interests.
Speaking at the Economic Club of Washington, PM Lee noted that a new administration with a radically different approach has not changed the substance of US relations with Asia.
He later called on President Donald Trump at the White House in the afternoon.
PM Lee told American business leaders during the dialogue that US trade with the Asia-Pacific exceeds that with Europe, and US multinationals have major investments in the region.
There are investment and technological gaps American companies can fill, growing middle classes to purchase US products, and great scope for US businesses to grow new markets and create prosperity on both sides of the Pacific, he said.
On the strategic front, the US has major allies in Asia, and US-China ties remain the most important bilateral relationship in the world. And successive US administrations have built up ties with the region and sought to ensure its stability.
America's recent turn inwards, away from multilateralism, has prompted concerns about weakened prospects for growth and stability among many countries, and US business leaders as well.
Yesterday, PM Lee called on the US to still uphold free trade and tackle issues that arise in cooperation with its partners.
America's attitude on these issues is key, and has implications for the entire world, he added.
"Do you still believe that it has the most to gain from an interdependent world, open exchanges and multilateral rules? In particular, how will your relations with China develop?" he asked.
"How America answers these questions will determine not just prosperity, but war and peace - not just in Asia, but the world."
Asia's economies are among the fastest growing and account for two-thirds of global growth today, PM Lee noted. Chinese companies such as Alibaba and Huawei, or Indian firms like Bharti Enterprises, are world-class multinational corporations. The region as a whole is also becoming more integrated and interdependent, he said, citing how ASEAN has formed an economic community that will be the fourth-largest single market by 2030.
And it is pushing ahead on the Regional Comprehensive Economic Partnership, a free trade pact that brings together the grouping and six key trading partners - including China and India - that together cover half the world's population and a third of its gross domestic product. Meanwhile, India has been making progress opening up. And China, the single most important driver of Asia's prosperity and integration, has been enhancing its interlinkages with the region.
"Asian countries want to benefit from the trade and economic opportunities China offers," PM Lee said, adding that, at the same time, they do not want a world divided into rival blocs.
Having prospered under a global, multilateral system of trade and finance, they have substantial economic links with Europe and the US - and want to maintain and grow these even as they deepen cooperation within Asia, he said.
Economic Club president David Rubenstein later asked PM Lee what was the main message he wanted to convey to Mr Trump.
Asia is important to the US, PM Lee replied, adding: "There is a lot we can do together."
On Sunday, he told 250 Singaporeans at a reception that Singapore's economy is expected to grow by close to 3 per cent this year.
PM Lee Hsien Loong Speech and Dialogue at the Economic Club of Washington, D.C.
Singapore succeeded by staying open to MNCs: PM Lee
By Zakir Hussain, Political Editor, The Straits Times, 25 Oct 2017
WASHINGTON • Singapore's decision to allow itself to be "exploited" by multinational companies from its early days of independence played a key role in its economic growth and success, Prime Minister Lee Hsien Loong said yesterday.
"We decided if by exploiting us they created jobs for us, and they generated markets for us, and they brought technology and organisation... so be it," he said of the decision which went against conventional wisdom for newly independent former colonies in the 1960s.
PM Lee was speaking at a session with American business leaders and foreign diplomats based in Washington hosted by the Economic Club of Washington.
Club president David Rubenstein, chief executive of investment firm The Carlyle Group, had asked him what factors made Singapore succeed economically beyond its size.
The other factor, PM Lee said, was its decision to build a credible armed forces through national service, which showed Singapore could be defended.
"In the process... we also built a nation," he added, noting that conscription brought people from different walks of life together.
PM Lee was also asked about Singapore's stellar performance in international maths and science tests, its experience with gaming companies and whether he could see Singapore reunite with Malaysia.
"We don't often discuss such possibilities," he said of reunification.
"There was a fork in the road 52 years ago, we went one way, they went another," he added. "I think there is no turning back."
PM Lee attributed Singapore's good maths and science scores to its students working very hard and to parents placing a lot of emphasis on education.
On the integrated resorts, he felt they had worked well. While they were still contentious, he said they were comprehensive resorts that helped boost tourism, and measures have been put in place to limit the impact on society.
PM Lee was also asked about his plans to step down some time after the next election. He did not want to stay the full term, he replied, adding that he hoped to not stay on beyond the age of 70 - in 2022.
What about his greatest pleasure in being Prime Minister? asked Mr Rubenstein.
"To feel that you have made some contribution to a country which has been stable, which has been united, and which has been making progress steadily now for more than a decade," PM Lee said. The job gets harder in a way because expectations are higher, he added.
Asked if his children would enter politics, he said it was up to them - but noted they have not shown any interest. "They have to have the right combination of temperament, character and ability," he said.
Singapore economy to grow by nearly 3% this year: PM LeeHe cites Q3 performance in giving upbeat assessment to 250 Singaporeans in WashingtonBy Zakir Hussain,
Political Editor In Washington,
The Straits Times, 24 Oct 2017
Singapore's economy should grow by close to 3 per cent this year, Prime Minister Lee Hsien Loong said on Sunday.
He gave his upbeat assessment of the country's growth prospects to more than 250 Singaporeans living in and around Washington at a reception at the Singapore Embassy in the United States.
It comes as advance estimates from the Ministry of Trade and Industry this month put year-on-year growth for the third quarter at 4.6 per cent.
PM Lee noted that this was due to a strong showing by the manufacturing sector, and added that services performed "sort of okay" as well.
The Government had in August revised its growth estimates for this year to between 2 per cent and 3 per cent, and PM Lee said on Sunday: "I expect it will be at the upper end of this because the third-quarter results look good, and I hope that it will continue."
While services are not as strong as they could be and construction has been slow, PM Lee noted that the latter sector could be lifted - "if we need to build more, we can build more".
PM Lee, who is on a six-day visit to the US, also gave an update on Singapore's strong relations with America - ranging from the economy to defence to security, as well as education, culture and the arts.
"These go on, whoever is in the White House and whichever administration is in power or whichever party is in the administration," he said.
"It is also important for us to establish working relationships with the key people in every administration, to get them to know us, to understand them, to appreciate their perspectives, to be able to work together and to take the relationship forward."
Much is at stake in ties with the US, he said, noting that America is a big factor in the region and it was important to know what it is thinking and which way things are going.
It was also important for Singapore to put its point of view across to US business and opinion leaders so they have a feel of what is happening in Asia, he added.
As for Singapore's economy, PM Lee said one difficult aspect is the need to work on improving productivity, especially in services.
"If you have a haircut, you have a haircut. It is very hard for the barber to cut your hair 20 per cent faster than last year," he said. "And yet, we would like barbers to also improve their lives and have better incomes."
"We have to work at it patiently, sector by sector," he added, noting that 23 Industry Transformation Maps are being rolled out to help. ANZ economist Ng Weiwen said Singapore's economy has largely been driven by a pickup in advanced economies this year, which has fuelled trade activity.
The bank has revised its gross domestic product forecast for the year from 2.6 per cent to 3 per cent after the third-quarter GDP numbers were released.
"The strength in the external sector has surprised us, but it masks the weaknesses in the domestic sector, particularly in the labour and property markets," Mr Ng said.
"Property is showing signs of recovery but if you look at its peak in 2013 compared to now, prices are still 10 per cent lower. The labour market is still subdued - there are still more job seekers than there are job vacancies. So, the external strength hasn't filtered through to the broader economy."
Additional reporting by Yasmine Yahya
RelatedFour-Eye Meeting between PM Lee Hsien Loong and US President Donald TrumpPM Lee Hsien Loong and US President Donald Trump at the Joint Press ConferencePM Lee Hsien Loong at the Working Lunch with US President Donald TrumpJoint Statement by the Republic of Singapore and the United States of AmericaPM Lee Hsien Loong's interview with CNBC, 19 October 2017