How to make it in America: The pressures and pitfalls for Chinese brands going global

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Urban Revivo plans to expand in the US this season, and tariffs pose a big issue for some retailers who instantly ship finished goods from China more than sourcing locally.

Fashion-related items may become “most affected” by a possible 60 per share price increase from the US, according to a statement from Boston Consulting Group (BCG) in January, with progressive costs anticipated to increase to US$ 16 billion by 2033.

The three groups, according to the team, would need to withstand additional US$ 99 billion in additional tariffs in addition to customer electronics and electrical machinery.

Although Taiwanese businesses have experience managing US tax costs, levies of this size will have a significant impact on business activities, according to Aparna Bharadwaj, managing director and companion at BCG.

She added that a potential reduction of up to 14 percent points in a company’s profitability on income before taxes, loss, and amortization could make them more likely to pass those costs on to customers.

Urban Revivo intends to accomplish that.

” Our setting is more’ mass-market’ at house, but in the future, I’m thinking if the taxes were to increase]in America], we could only increase prices”, founder Li told the Post. ” Other brands would do the same”.

It’s a big question whether the business can increase its revenues without hurting its sales.

Urban Revivo plans to open its first US store in New York this year, and the most immediate challenge for the company is whether it can make a name for itself in this competitive market, head-to-head with well-known giants like Zara, &nbsp, H&amp, M&nbsp, and Ralph Lauren.

” The majority of Chinese retailers that have set foot in the US are targeting the East and West Coasts, where there are large Chinese communities”, said Bain’s Yang. So, I would say we’re not yet there if you asked me whether any brands had truly won over the hearts of European and American consumers in large numbers.

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Gold glitters at end of the world as we know it – Asia Times

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Shareholders have been betting tremendously on an AI-driven coming over the past two decades, as tech stocks have led the S&amp, P 500 to a 60 % get. But they also bought the “barbarous artifact” of a financial era that preceded the economy’s identity, pushing the price of silver up by almost as much. Importantly, gold outperformed other hedges by a sizable percentage against the buck.

Why wall against severe distress amid effervescent tech-driven optimism? The answer is a bit could get wrong—catastrophically wrong, in reality. The dollar-based global economic system’s core asset is then tech stocks. The United States has sold US$ 24 trillion more of its property to immigrants than Americans have sold to immigrants.

Graphic: Asia Times

That” net international investment position” of$ 24 trillion, up from$ 18 trillion at the end of Donald Trump’s first term in office, paid for America’s cumulative trade deficit over the past 30 years. For the past 10 years, immigrants have been buying stocks rather than US Treasury bonds, as in the history.

US federal loan is now lower than it was five years ago, thanks to international central banks. If the technology bubble turns out to be a balloon, so will the US dollar. The death of the money may depend on the competition for market share for AI. If, for example, China’s open-source DeepSeek beats ChatGPT and the other British large language concepts, tech shares was tank and, with them, the money.

Graphic: Asia Times

There are many different ways to protect against the money. Some of them are interesting. An American budget deficit of 6 % to 7 % without a war or recession, as incoming Treasury Secretary Scott Bessent told Congress last week, is without precedent. But the currency’s position as a reserve money means that America has first rights on the nation’s capital.

The inflation-indexed US Treasury yields surge, partially fueled by hopes for a higher US gap under Trump, propelled the dollar higher against all major currencies. If US prices increases, so does US interest charges, and the economy’s transfer rate will rise against other currencies, even while the money loses value.

Graphic: Asia Times

But even while all currencies sank against the dollar in response to rising “real” ( inflation-indexed ) Treasury yields, gold rose, breaking a pattern that prevailed from 2007 through 2022.

Graphic: Asia Times

The US and its supporters seized Russian resources in March 2022, breaking the long-term connection between TIPS and metal. China, Saudi Arabia, India, and other central banks slowly shifted resources away from Treasuries into silver. On paper, TIPS and silver offer similar payments: If the money tanks and US prices increase, both assets may gain value.

The distinction is that the Treasury cannot acquire central bank vault gold in the same way it is acquire central banks holdings of its own obligations. Up to 80 basis points ( 0.8 % ) of the rise in TIPS yields during the past six months, I showed in a January 10 analysis, can be attributed to foreign central banks ‘ sales of US Treasury securities.

The hedge fund group has turned northern banks into gold. The price of real gold and the option price on the gold price are both affected by a shift in the relationship. Implied volatility is a standardized measure of the cost of metal choices, and under normal conditions, it falls as the gold rate rises.

That’s because silver mining companies have been the biggest consumers of golden choices, when the gold rate falls, they buy alternatives to lock in their revenue, and vice versa. But in 2024, something fresh happened: The cost of gold possibilities rose along with the golden value.

The gold implied volatility against price forms a” V” in the scatter chart below. That indicates that hedge funds placed wagers on a rise in silver prices.

Graphic: Asia Times

Gold is a standout in the complex of options on macro variables ( stocks, currencies, bonds, and commodities ). While other markets are softer in terms of risk and the price of gold options ( implied volatility ) is trading at a two-year high.

Graphic: Asia Times

Gold’s virtue is that it has a government decree-free value; it is the only form of currency that can be accepted if all else fails. It is the economic resource of last resort. With some exceptions, the bill of nearly all of the major markets has increased alarmingly in relation to economic output over the past ten years.

President Trump is walking a rope, trying to stimulate financial growth through tax breaks while juggling a document non-war, non-recession budget gap. The dangerous nature of this is heightened by Gold’s outperformance.

Observe David P Goldman on X at @davidpgoldman

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While Trump dithers, US lawmakers push 100% tariff on China – Asia Times

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A bill that would revoke China’s Permanent Normal Trade Relations ( PNTR ), previously known as the Most Favoured Nation ( MFN) trade status, and impose a 100 % tariff on a wide range of Chinese goods has been proposed by bipartisan US lawmakers. &nbsp,

Republican John Moolenaar, chairman of the House Select Committee on the Chinese Communist Party, next November introduced the&nbsp, Restoring Trade Fairness Act, which, if enacted, would withdraw China’s PNTR. &nbsp,

He announced on January 23 that Democrat parliamentarian Tom Suozzi may contribute to its promotion by forming a bipartisan bill to the proposed Act. &nbsp,

The newly-inaugurated US President Donald Trump signed an executive order on January 20 that directed the US Trade Representative and the Secretary of Commerce to evaluate congressional ideas regarding China’s PNTR.

Trump had promised to establish a 60 % tax on all Chinese products on the campaign trail, but he has veered away from doing so since taking office on January 20.

The bipartisan compromise that both parties must acknowledge the need to restart our financial ties with China is a big success for both the Select Committee and our country, according to Moolenaar.

The Restoring Trade Fairness Act takes decisive action in line with President Trump’s authority, building on the tax measures passed by three successive governments.

According to the proposed Act, a wide range of Chinese goods will experience a 100 % price. They include pesticides, drugs, nuclear reactor and parts, gas turbine and parts, agricultural and construction equipment, industrial robots, motors and engines, unmanned aircraft, consumer electronic products and weapons. Other products may encounter a 35 % price.

Price increases may be entirely implemented in five times if the Act is passed and enacted. Two decades after the passage, 25 % of the complete work increase may apply. Four decades after the passage, 50 % of the complete duty increase may use. &nbsp,

Some Chinese analysts predicted that the removal of China’s Import standing would result in a 60 % price on all US imports from China in November.

Some Chinese experts predicted that China will be able to address these issues by diversifying its export to other nations. They claimed that China could retaliate against the US by depreciating the Taiwanese money, slashing American make payments, and stifling imports of market metal to the US.

But, Tu Xinquan, professor of the China Institute for WTO Studies, University of International Business and Economics, says in a new article that China should never overlook the negative effects of losing MFN position. &nbsp,

Rejecting Nafta standing results in the US no more granting China the same level of tariff protection, Tu claims. ” The US can then choose which taxes to impose on Chinese goods.”

” Revoking China’s Import reputation will also impact trade in services, intellectual property rights, diplomatic opportunities, engineering controls and officers markets between China and the US”, he says. ” China’s impact on losing the MFN status is much greater than tariff increases.”

Trump stated on January 21 that he is considering imposing a 10 % tariff on imports of all Chinese-made goods as soon as February 1. While it will take time for the US Congress to discuss the 100 % tariff. He defended his action in light of the claim that China is preventing the entry of its fentanyl precursors into North America. &nbsp,

The US president also has the option of imposing a 25 % tariff on Mexico and Canada beginning in February, citing the two neighbors ‘ failure to stop the flow of illegal immigrants and drugs.

AmCham concerns&nbsp,

In addition, according to a survey conducted by the American Chamber of Commerce ( AmCham ) in China, three out of ten US companies are considering moving manufacturing or sourcing to a different country as a result of rising geopolitical concerns.

The China Business Climate Survey, which covers both the week of October 21 through November 15, 2024, before and after the most recent US presidential election on November 5, was conducted. It has a total sample size of 368 member companies. &nbsp,

Only 23 % of the surveyed companies said they were considering leaving China or had already begun, according to the survey conducted in late 2023. &nbsp,

According to the survey conducted in 2024, only 14 % of the responding companies think that the bilateral US-China relationship is expected to improve. However, 51 % of the responding companies said they think the relationship may continue to deteriorate in 2025. &nbsp,

In the 2023 survey, only 24 % of companies think the Sino-US relationship will deteriorate while 30 % believe that the relationship will improve. &nbsp,

The top five issues US businesses are facing in China, according to AmCham China:

  • rising tensions in US-China relations
  • competition from state-owned and/or privately-owned Chinese companies
  • regulatory compliance
  • inconsistent legislative interpretation, ambiguous laws, and strict laws
  • rising labor costs

Understanding our members ‘ viewpoints has never been more crucial, according to Alvin Liu, chair of AmCham China,” US-China relations remain the most consequential bilateral dynamic in the world today.” A stable and constructive relationship that is based on economic and trade ties is essential for both our two countries ‘ prosperity and the stability of the world economy.

According to AmCham’s surveys, about 48 % of the responding companies listed China as one of their top three global investment destinations in 2024, up from 61 % in 2020. Additionally, from 10 % in 2020, the percentage of businesses that no longer listed China as a preferred investment destination increased to 21 % last year.

49 % of AmCham members surveyed last year said foreign companies were treated unfairly compared to domestic companies in the technology and R&amp, D sectors. The figure was 42 % in the 2023 survey.

In 2024, 46 % of respondents claimed their China businesses were profitable, and 18 % claimed to have lost money. In 2021, 59 % of responding members said they were profitable while 13 % saw a loss. &nbsp,

Commenting on American firms ‘ concerns about deteriorating US-China relations, Mao Ning, a spokesperson of the Chinese Foreign Ministry, said this actually reflects how important it is to pursue a steady, sound and sustainable China-US relationship.

” China always views and develops China-US ties in line with the three principles put forth by President Xi Jinping, namely mutual respect, peaceful coexistence and win-win cooperation”, Mao said. We also anticipate that the US will cooperate with China to put China-US relations back on track for sound and steady development.

He Yadong, a spokesperson for the Chinese Ministry of Commerce, stated that the government will continue to support foreign businesses, improve the economic environment, and reduce the negative list in 2025.

Yong Jian contributes to the Asia Times. He is a Chinese journalist who specializes in Chinese technology, economy and politics. &nbsp,

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Alarm sounds over haze

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Serious state moves include vehicle subsidies

Toxic shroud: The Grand Palace is seen through murky haze on Friday when unhealthy levels of PM2.5 concentration were reported in nearly all districts of Bangkok. (Photo: Pattarapong Chatpattarasill)
When nearly all of Bangkok’s districts reported toxic amounts of PM2.5 focus on Friday, The Grand Palace was seen through dark haze. ( Photo: Pattarapong Chatpattarasill )

The government has made immediate steps to address the PM2.5 waste crisis, including offering free vehicle and electronic train rides and requiring private companies to permit employees to work from home.

Prime Minister Paetongtarn Shinawatra expressed worry over the issue in a message posted on Instagram on Friday, saying she had instructed companies to take immediate, short-term measures to tackle it.

In order to reduce vehicle emissions, one of the sources of ultra-fine sand or PM2.5 pollutants, state agencies will be required to allow officials to work from home, while private companies may be required to do the same.

She added that she had given the Transport Ministry the directive to start subsidizing completely trucks and electric carriages for seven days.

According to the prime minister, the Department of Rainmaking and Agricultural Aviation was even given the task of conducting cloud-seeding businesses to create more rain and improve Bangkok’s air quality.

According to Ms. Paetongtarn, the Ministry of Natural Resources and Environment must carefully observe slash-and-burn techniques in every state and take legal action against those who engage in them, which contribute to fog pollution.

Additionally, the Digital Economy and Society Ministry was given the task of creating a form to request information on instances of waste burning so that prompt action can be taken.

Chadchart Sittipunt, governor of Bangkok, was asked to assess the capital’s construction sites and make sure dust shields are properly installed to stop the spread of airborne allergens while they are being built.

Companies may be asked to halt development temporarily until the air quality improve when air circulation is bad, according to Ms. Paetongtarn, adding that authorities were instructed to increase vehicle checks for increased dark smoke emissions.

” The government may throw short-term and long-term measures in place to handle the problem”, the prime minister posted.

Suriya Jungrungreangkit, the minister of transport, disclosed that he had informed the BTS and BEM electric rail service ‘ operators of the plans. He said a budget of 140 million baht will be used to cover the costs of energy coach travel during the seven-day period.

After receiving heavy criticism for being slow to act, former prime minister Thaksin Shinawatra yesterday defended the administration’s efforts to address the PM2.5 trouble.

Thaksin, parents of Ms Paetongtarn, even backed the president’s methods, including banning purchases and sales of wheat and sugar wood grown in areas that have been cleared for farming via the slash-and-burn process.

Thaksin acknowledged that the issue was more serious than anticipated.

Bangkok was ranked as the fourth-worst city in the world for weather value yesterday, according to the information from Swiss-based IQAir. The air quality index hit 188 as of 9.40am.

The Bangkok Metropolitan Administration declared 48 of its 50 districts as red ( hazardous-to-health ) zones, with PM2.5 levels averaging 88.4 microgrammes per cubic metre (µg/m³ ).

Nong Khaem was the most affected district ( 108 µg/m³ ), followed by Khan Na Yao, Min Buri, Thawi Watthana and Laksi. Citizens were advised to avoid outdoor activities and work from home.

Chiang Mai ranked 23rd with an indicator of 127µg/m³. The government-set secure level is 37.5µg/m³.

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Commentary: What Trump wants in Latin America isn’t actually the Panama Canal

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The Panama Canal Authority is the independent legal entity that manages the river, according to businesses. It is based on a 1997 natural law and the Nicaraguan constitution.

Trump’s say boils down to the fact that two of the five slots at either end of the river are run by a company of CK Hutchison, a company based in Hong Kong, with bets in 52 slots spread across 26 nations.

Marco Rubio raised concerns about a foreign port’s “ability to turn the river into a choke place in a moment of issue” through the companies that are” not separate” at his confirmation hearing for the placement of secretary of state.

OVERWARDING QUESTIONS ABOUT CHINESE PRACTICE IN LATIN AMERICA

Trump’s assertions regarding the Panama Canal may be questionable, but they should be taken as a gimmick for a more assertive Latin American policy to counteract China’s growing presence in the area.

Panama switched from Taiwan to China in 2017 with its diplomatic recognition. The Dominican Republic, El Salvador, Nicaragua and Honduras followed.

The year after, Panama signed up to Beijing’s Belt and Road Initiative, again the first in the region to do so. By December 2024, another 21 Latin American countries had joined the initiative.

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11 arrested after construction firms make CPF contributions to non-workers to inflate foreigner quotas

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SINGAPORE: Eleven people have been arrested for allegedly providing the Ministry of Manpower ( MOM) with false employment information, the ministry said on Friday ( Jan 24 ). They are alleged to have done this in order to increase the getting requirements for immigrants at eight development companies. The defendantsContinue Reading

Move over CHIPS Act, Stargate is the future – Asia Times

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The US$$ 500 billion Stargate AI system project, which was announced by US President Donald Trump, has sparked media coverage and stoked industry, deflecting attention from the less attractive details of TSMC’s initial chip factory’s opening, and suffocate the more contentious debate over the future of America’s high-tech restoration.

On January 21, the day after his inauguration, Donald Trump made an appearance with Oracle’s Larry Ellison, Softbank’s Masayoshi Son, and OpenAI’s Sam Altman to make an announcement that artificial intelligence will be the “largest AI system job by much in story… creating over 100, 000 National work about immediately,” as Trump put it. Given some of the responses it has generated, the film went “viral” – a suitable information.

In Abilene, Texas, 10 properties measuring half a million square foot are currently under construction, with additional 10 more on the drawing board, and additional ones will be constructed at locations that are being evaluated nationwide. These data locations may be full of machines equipped with Nvidia’s fresh Blackwell AI chips, which are made by Taiwan’s TSMC, the world’s top silicon manufacturer.

” I’m gonna support, a bit, through emergency pronouncements”, said Trump, “because we have an emergency, we have to get this thing built”.

” They have to make a lot of power, and we’ll make it possible for them to get that generation done pretty easily”, he added, “at their personal crops if they want”.

In other words, Trump intends to supersede power regulations that may put off the project, leading to a significant increase in power generation capacity driven by the purchase intentions of a select few big high-tech companies.

Oracle’s Ellison said,” Thank you, Mr President. We certainly couldn’t do this without you”. Altman and Son shared the sentiment. And they probably couldn’t, at least not as quickly and efficiently.

If Joe Biden or Kamala Harris had been attempting the project in the White House, it would likely have been hampered by attempts at social engineering and unionization of the workforce. For the same reason, Stargate is based in Texas, not California.

Masayoshi Son said,” We wouldn’t have decided, unless you won. Yesterday, we agreed. We signed. To achieve this, we would immediately begin deploying 100 billion dollars with the intention of making 500 billion dollars within the next four years, within your mandate.

As explained by OpenAI, the initial equity investments in Stargate will come from SoftBank, Oracle, OpenAI and MGX, the technology fund based in Abu Dhabi. The lead partners are SoftBank and OpenAI, with OpenAI acting as the company’s operational manager and SoftBank as its financial advisor. Softbank’s Son will be the project’s chairman.

Nvidia, Arm ( the British semiconductor design company owned primarily by Softbank ), Microsoft, Oracle and OpenAI are the project’s technology partners. Oracle, Nvidia and OpenAI will build and operate the computing system.

OpenAI has long-standing relationships with both Nvidia and Microsoft. In Japan, Softbank and Nvidia have partnered to set up a nationwide AI grid.

Following Trump to the podium, Ellison, Son and Altman talked about healthcare-related applications from AI-enabled cross-referencing of health records and procedures to cancer detection and treatment, including the development of mRNA cancer vaccines.

But there are other possibilities, including factory automation and national defense. The name Stargate, of course, is reminiscent of Elon Musk’s Starlink satellite company.

The stock market approves of the concept. Oracle’s share price was up 7.2 % on Tuesday and another 4.6 % in after-hours trading. The share price of Softbank Group increased by more than 10 % on Wednesday and by another 5 % on Thursday in Japan ( across the International Date Line ). The share prices of Nvidia, TSMC, Microsoft and server maker Super Micro also rose.

Stargate is pitched as a made-in-America-for-America project, but the Nvidia AI processors at the core of the data centers will be made by Taiwan’s TSMC, at first entirely in Taiwan, then partly in the US.

At its new factory in Arizona, where TSMC is most likely to manufacture integrated circuits, on January 10, TSMC began producing integrated circuits for Apple. AMD and Nvidia are likely to be its new customers. For the first time in our country’s history, our country’s leaders are producing cutting-edge four-nanometer chips on American soil, making American workers on par with Taiwan in terms of yield and quality, according to incoming commerce chief Gina Raimondo.

TSMC Chairman and CEO C C Wei, speaking to investors on the company’s 2024 earnings call on January 16, confirmed this:

” We were able to pull ahead the production schedule of our first fab in Arizona, building on the successful result of our earlier engineering wafer production. Our first fab, using N4 process technology and yield comparable to those of our fabs in Taiwan, has already entered high-volume production in 4Q ’24. We anticipate a smooth beginning of the manufacturing process because we are confident that our factories in Arizona and Taiwan will offer the same level of manufacturing quality and dependability.

Wei added that “our plans for the second fab and third fab in Arizona are also on track.” Based on the needs of our customers, these fabs will use even more advanced technologies like our N3, N2, and A16.

In plain English, this means that TSMC will be making 4nm chips in Arizona starting this year and progress to 3nm, 2nm and 1.6nm ( 16-angstrom ), probably by the end of the decade. In terms of 3nm production, TSMC is already ahead of Samsung and Intel, who are both likely to be 1 nm and smaller. TSMC currently makes Nvidia’s Blackwell AI processors using its 4nm process.

All of these process technologies were and are being developed and produced in Taiwan, close to the company’s R&amp, D, and where the procedure is well-established and the capacity is much larger. This suggests that regardless of any agreement Trump has with China, he won’t want to disrupt Stargate’s main production.

A retired Silicon Valley executive and advisor to the US government on the subject of high-tech competitiveness said,” The game with the current administration is zero-sum,” in response to the three executives ‘ praise for Trump.

And that it is given that Trump has already replaced and exceeded$ 500 billion in government funding after cutting more than$ 300 billion from the Inflation Reduction Act and Department of Energy loan programs under his administration, which were then replaced by$ 300 billion from the private sector.

A West Coast venture capitalist who is not a fan of Trump wrote in an email that” It’s all part of the mad scramble for more computing power and energy to fuel it… Remember Trump’s first term. He enjoys planning big announcements, which credit him with making investments that were already planned or that never occur. Everyone tries to ingratiate themselves with Dear Leader, but it’s all part of that. Because that’s what you have to do in an autocratic state” .&nbsp,

Elon Musk, CEO of Tesla, wrote on X,” They don’t actually have the money. SoftBank has well under$ 10 billion secured. I have that on good authority”. However, if there is one thing Son excels at, it’s raising money. In 2017, Softbank launched the Vision Fund, a technology-focused venture capital fund with more than$ 100 billion in capital – the world’s largest such fund at the time.

For Musk, whose xAI competes with OpenAI and has taken it to court, Stargate is a powerful new competitor. And perhaps worse than that, Ellison, Son and Altman – high-tech moguls like himself – now also have Trump’s ear.

If the build-out of Stargate’s data centers proceeds according to plan, Microsoft, Google and Amazon are likely to lose their first-mover advantage and oligopolistic profit margins in AI-related cloud computing. Oracle, which offers cloud computing services in 25 countries around the world, has a significant opportunity in this regard.

Another critic, physician and biochemist Robert Malone, has published an essay entitled” AI, mRNA, Cancer Vaccines and” Stargate”: Reality check. Curb your enthusiasm, and beware of grifters”.

He writes:” I can’t believe that we are being spoon-fed this hype from the likes of Oracle’s Larry Ellison… Having this guy lecture us on mRNA vaccines for cancer is over the top. &nbsp, This is so amazingly ( and dangerously ) naive that I can hardly believe I am hearing it”.

Maybe so, but Ellison, Son and Altman were delivering a pitch for AI infrastructure, not explaining the technology roadmaps of companies that will use their data centers. They may be overly optimistic, but they are genuinely interested in healthcare and think AI can contribute significantly to the analysis of sizable amounts of medical-related data.

Malone also criticizes “banking some brand-new” cancer moonshot” television programs named after science fiction TV shows.” So, is Stargate a wise use of money or a reckless boondoggle? In reality,$ 500 billion is nearly ten times the$ 52.7 billion in grants and loans provided by the CHIPS Act. Only time will tell.

Follow this writer on&nbsp, X: @ScottFo83517667

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Deep Dive Podcast: Will the Johor-Singapore Special Economic Zone be a success?

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Crispina Robert, number: &nbsp,
But we didn’t deny that there might be serious problems. Historically, we are very different. We have to deal- who pays for what, how do we determine on tax cuts and opportunities. What do you consider to be the issues?

Thilan Wickramasinghe, Maybank Investment Banking Group: &nbsp,
Let me set this in perspective: 140 of the world’s nations have special economic zones, but the majority of them don’t really fulfill their original requirements. Special economic zones typically cause problems for most places because they typically have one or two or three things wrong before an economic area can succeed. The path to success is very, very small with exclusive economic areas. &nbsp, &nbsp,

You need to have landscape, you need to have plan, and you need to have a business scenario. As Serina has mentioned, there is a business situation right now. &nbsp, &nbsp,

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Firms project higher revenues from better productivity and expanding overseas with help from EnterpriseSG

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SUPPORTING NASCENT SECTORS

EnterpriseSG is working with partners in established markets to help them gain access to customers, investors, and experience to assist companies in emerging industries like accuracy medicine.

Advancements in technology will enable businesses to create products that are more efficient at providing care to nations all over the world, particularly given the age demographics, according to EnterpriseSG managing director Cindy Khoo.

She told CNA’s Singapore Tonight on Thursday that” that presents business opportunities for businesses in Singapore that can provide those services for more specific tests or pharmaceuticals service.” &nbsp,

She stated that SMEs in this field may have the skills and options, but have not yet scaled.

To connect our local businesses with outside partners like Mayo Clinic ( in the US and ) Charité in Germany, which are well-established care institutions,” we need proof of concept, captain, and… to show a monitor record,” she said.

Ms. Khoo asserted that there might be a bright side to the international business environment, even though it may hang in the balance.

” The great confusion really opens up opportunities thanks to the enormous adjustment of global supply chains,” she said.

” That’s where we can look for opportunities, where our businesses can undermine even existing manufacturers, and then provide our services and goods to the rest of the world more properly”.

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