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prime news 쐽 THE STRAITS TIMES MONDAY, APRIL 27 2009 PAGE A5

China, Taiwan
ink financial
alliance pact
Under the framework agreement, Chi-
Deal to pave way for na and Taiwan would set up a currency
clearing and supervisory system in prepa-
flow of financial ration for financial institutions from each
side to set up branches on the other side.
services across strait Taiwan’s top cross-strait envoy, Mr
Chiang Pin-kung, and his Chinese counter-
BY HO AI LI part, Mr Chen Yunlin, also signed two oth-
TAIWAN CORRESPONDENT er pacts on cooperation in fighting crime,
and upgrading existing charter flights to
TAIPEI: Former foes China and Taiwan scheduled ones. The frequency of flights
inked a much-anticipated pact yesterday will be raised from 108 to 270 return trips

7.59
What happens a It’s 30 minutes before the a week, and new routes will be launched
to pave the way for the flow of financial
minute before BY BRYAN Singapore Zoo opens. Standing services across the Taiwan Strait, as they
between Taiwan and six mainland cities.
8am? Straits Times Against the backdrop of the global fi-
VAN DER BEEK waist deep in water, keeper take another step towards normalising nancial meltdown, both sides also pledged
photographers PHOTOJOURNALIST economic ties.
show their interpretation of that Nawawi Ali makes sure the glass in a joint statement to encourage Chinese
The financial cooperation deal was the investments in Taiwan. While Taiwan has
moment in the Prime pages every viewing panes of the proboscis highlight of the cross-strait talks in the invested an estimated US$100 billion
Monday entitled 7.59. We aim to monkey enclosure are clean, so eastern Chinese city of Nanjing – the (S$150 billion) on the mainland, Chinese
capture everyday scenes across the island with a different perspective, visitors can get the best viewing third round since the two sides resumed investment in Taiwan is largely restricted.
bringing readers a slice of life that would perhaps go unnoticed. experience. dialogue last June after nearly nine years. Related guidelines are expected to be an-
nounced at a later date.
“As the current global financial crisis
has deeply affected both sides, mutual

High-powered team to help immigrants fit in support is especially meaningful since we


are in the same boat,” said Mr Chiang,
head of Taiwan’s semi-official Straits Ex-
change Foundation (SEF).
Mr Chen, who heads the Association
BY JEREMY AU YONG took up citizenship in Singapore while common sense of belonging. Acting Minister for Information, Commu-
for Relations Across the Taiwan Strait
79,167 became permanent residents. He said: “We need to build a sense of nications and the Arts Lui Tuck Yew and
These figures are an increase of about 20 Senior Minister of State (Education and (Arats), struck a similar tone. Boosting eco-
THE line-up of the National Integration understanding that, look, you may not
nomic cooperation would help both sides
Council, unveiled yesterday, shows a per cent over the previous year. have been born in Singapore but you National Development) Grace Fu.
ride out the global recession, he said.
high-powered team that includes five Speaking to reporters, Dr have chosen out of your free will to com- The community leaders and media rep- “The mainland will buy more products
full Cabinet ministers, an acting minister Balakrishnan said a deliberate decision mit to Singapore. And once you’ve made resentatives include Eurasian Associa- from Taiwan and send more tourists to the
and a senior minister of state. was made to have the majority of the the decision, it’s like marriage. You are tion president Edward D’Silva, Tian Fu island, while encouraging more Taiwan en-
The 20-man council is headed by the team come from the “people sector”. now part of the family.” Club president Tony Du, Darul Arqam terprises to set up on the mainland to
Minister for Community Development, “Right now, too many of our initia- His advice to new citizens on the best Singapore president Muhd Faiz Edwin Ig- maintain stable development,” he added.
Youth and Sports, Dr Vivian tives are top-down, government initia- way to fit in: Volunteer. natious, Tabla! editor Pradeep Paul and With the latest agreements, which will
Balakrishnan, who gave the list of mem- tives or government programmes. “The best way to build trust is...to Lianhe Zaobao senior executive editor take effect within 60 days, China and Tai-
bers during a community walkabout. “I want to encourage a bottoms-up ap- contribute your services,” he said. Goh Sin Teck. wan have signed a total of nine pacts
The others are private sector repre- proach so that in schools, in companies, No specific programmes have been Others include National University of since the SEF and Arats resumed talks.
sentatives, grassroots leaders, communi- in the media and in all the other natural drawn up as the council has yet to hold Singapore sociology professor Stella China and Taiwan split amid civil war
ty leaders, media professionals and aca- areas where people meet and interact, its first meeting. Quah and Nanyang Technological Univer- in 1949. But ties have improved since Tai-
demics. they’ll think about programmes or The other ministers on the council are sity president Su Guaning, Ms Anisa Has- wan President Ma Ying-jeou, who had
The council, announced in February, projects which they can launch to give Minister for the Environment and Water san, from matchmaking agency It’s Just campaigned on a platform of engagement
was formed to help new immigrants here people the opportunity to meet.” Resources Yaacob Ibrahim, labour chief Lunch, Standard Chartered banker Vis with China, took office last May.
to integrate. The main thrust of the measures will Lim Swee Say, Law Minister K. Shanmu- Shankar and Mr Thomas Tay, vice-presi- hoaili@sph.com.sg
Last year, about 20,513 foreigners be to promote mutual trust and foster a gam, Manpower Minister Gan Kim Yong, dent for the NTUC central committee. More reports, World Page A12

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