Carving S'pore link for China's silk road routes to Mid-East, Europe
Beijing
AS the son of a man who journeyed from China to Singapore and founded a shipping business half a century ago, Teo Siong Seng sees his life as one immersed in the ancient trading networks of Asia.
So the managing director of the Pacific International Lines Group is seeking to benefit as China rejuvenates its Silk Road routes to the Middle East and Europe. He is setting up a joint venture with China Cosco Shipping Corporation to help China's largest shipping group build connections in South-east Asia and beyond.
"Chinese companies alone may not have enough experience to carry out their investments in other countries," said Mr Teo, who is also chairman of the Singapore Bus…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Volkswagen to keep China market share stable as price war rages
COE quota for May-July up 2.7%; passenger car categories rise despite less cut-and-fill
Tesla profits tumble but shares rise on new vehicle plan
Volvo Cars see good demand this year after higher Q1 unit sales
Capital A chief Fernandes defers retirement, renews contract for five years
Victims’ families to urge US prosecute Boeing over fatal crashes