Singapore announces $28.9m aid package for 4 ASEAN members
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SINGAPORE: Prime Minister Lee Hsien Loong has announced a S$28.9m aid package for Cambodia, Laos, Myanmar and Vietnam, at the 10th ASEAN summit in Laos.
Speaking at the summit in Vientiane, Mr Lee said Singapore will extend its commitment to the Initiative for ASEAN Integration (IAI) for another three years, from 2006 to 2008.
The IAI aims to give direction and sharpen the focus to narrow the development gap within ASEAN.
The package will incorporate existing programmes, such as the Singapore Scholarship and the in-country training courses, as well as a new Executive Management Training Programme for senior officials.
According to the Prime Minister's Press Secretary, Mr Lee noted that globalisation is increasing competition in the global economy.
It has brought home the reality that individual economies can no longer operate on their own and integration has become essential for ASEAN if its economies are to remain competitive. - CNA -
how come the $$$ not for croco har
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Originally posted by sgboy2004:how come the $$$ not for croco har
