A little more, Doc:
This Singapore Trade Development Board news release mentions Landmark Chemicals (Far East), if it is the same company. ("Far East" is mentioned in the RMGG news release.) See Annex 1, #6:
tdb.gov.sg
Text below in case it drops off:
Press Release
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8 September 1998
PR No: 046/98
23 COMPANIES RECEIVE PRESTIGIOUS TRADE
AWARDS FOR THE FIRST TIME
23 local and foreign companies received, for the first time, the Approved International Trader (AIT), Approved Oil Trader (AOT) and Approved International Shipping Enterprise (AIS) awards from Mr Lee Yock Suan, Minister of Trade and Industry, at a ceremony held today at Marina Mandarin Hotel. The number of new recipients is more than twice the number of first-time recipients last year. An additional 15 companies also received an extension of their AIT/AOT/AIS status. (Please refer to the Annex 1 for a list of the recipients)
These awards are administered by the Singapore Trade Development Board (TDB) and are aimed at attracting major international trading and maritime companies to set up their regional operations in Singapore. Qualifying companies enjoy a concessionary tax rate on qualifying income derived from their international trading or shipping activities. This status is renewable upon reapplication by the company after a specified period.
“The large number of recipients and extensions this year shows that companies are still confident of the long-term opportunities in the region,” says Mr Stephen Lee, Chairman of TDB. “Having chosen to use Singapore as their regional base to launch these investments, this further reflects Singapore's increasing attractiveness as an international trading and shipping hub.”
The AIT/AOT/AIS status will not only enhance the companies' stature and competitiveness in the global trading and maritime arena, but is also expected to generate substantial spin-offs in related ancillary sectors such as logistics, infrastructure development and financial and banking services. Together, the AOT, AIT and AIS companies have contributed almost S$ 3 billion in local business spending since the schemes were introduced in 1989, 1990 and 1991 respectively.
To date, over 170 companies have been awarded the AIT/AOT/AIS status. In 1997, the AIT and AOT companies conducted US$ 88 billion worth of trade through Singapore while the AIS companies, whose 300 ships trade internationally, have expanded Singapore's role as their business and operating base.
Four scholarships for local and overseas undergraduate and graduate programmes were also presented at the ceremony. Two of the scholarships were presented in collaboration with local companies, Lee Rubber Company Pte Ltd and Tropical Produce Co. Pte Ltd, both of whom also received an extension of their AIT status. (Please see Annex 2 for a list of scholars)
“These companies have shown a firm commitment to help Singapore develop its human resources to benefit the international trading community,” says Mr Lee. “TDB hopes that more companies will come forward to share its vision of a trained and dedicated workforce.”
Launched in 1995, the TDB Joint Scholarship programme has since awarded 11 scholarships. It aims to provide a ready pool of skilled manpower and expertise resources in the international trading sector to meet the challenges of a global trading environment.
--END--
Issued by the Singapore Trade Development Board
For press enquiries, please contact:
Mr Robin Tan
Trade Officer, Corporate Communications
Tel: 433-4939
Fax: 337-8136
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ANNEX 1
LIST OF AIT // AOT // AIS RECIPIENTS
New AIT
1. AIS Trading Pte Ltd
2. Ban Joo & Co., Pte Ltd
3. Dover Asia Trading Pte Ltd
4. ED & F Man Asia Pte Ltd
5. Goodyear Orient Company Pte Ltd
6. Landmark Chemicals (Far East) Pte Ltd
7. Reemtsma International Far East Pte Ltd
AIT Extension
1. Agritrade International Pte Ltd
2. Agrosin Pte Ltd
3. Bero Coffee Singapore Pte Ltd
4. G Premjee Trading Pte Ltd
5. Lee Rubber Company Pte Ltd
6. Marubeni International Commodities (S) Pte Ltd
7. NatSteel Trade International Pte Ltd
8. Tri-Marine International (Pte) Ltd
9. Tropical Produce Co (Pte) Ltd
10. Wilmar Trading Pte Ltd
New AOT
1. Conoco International, Inc.
2. Mabanaft Singapore Pte Ltd
3. Marc Rich (Singapore) Pte Ltd
4. Petroleum Eastern Technology Pte Ltd
5. Sanko Oil (Pte) Ltd
6. Sino Aviation Oil Transportation (Singapore) Pte Ltd
7. Titan Oil Pte Ltd
8. Trafigura Pte Ltd
AOT Extension
1. China Resources Petrochem (S) Pte Ltd
2. Esso Singapore Pte Ltd
3. Petro Progress Pte Ltd
4. Statoil Asia Pacific Pte Ltd
AIS Companies
1. Asia Petrochem Shipping Pte Ltd
2. Glory-Pacific Shipping (S) Pte Ltd
3. Hainan Nanyang Shipping Industrial Pte Ltd
4. Neptune Associated Lines Private Limited
5. Ningdon Shipping Pte Ltd
6. NYK Bulkship (Asia) Pte Ltd
7. Odfjell Tankers Asia Pte Ltd
8. Precious Shipping (Singapore) Pte Ltd
9. Sembawang Marine & Logistics Ltd
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ANNEX 2
LIST OF SCHOLARS AND SCHOLARSHIPS
Name of scholar Course of study Scholarship
1 Miss Ng Sim Yee
Bachelor of Arts
(Economics)
Cambridge University
TDB Scholarship
2 Mr Tan Wee Kheng
MBA
Imperial College of Science, Technology and Medicine
TDB-Raffles Scholarship
3 Mr Kevin Shum
Master of International Public Policy
Johns Hopkins University,
School of Advanced International Studies
TDB-Lee Rubber Joint Scholarship
4 Mr Loh Fook Meng
MBA (Nanyang Fellows)
National Technological University
TDB-Tropical Produce Joint scholarship |
