Singapore, Sichuan companies ink 5 MOUs as bilateral trade grows

Businesses involved include utilities, healthcare and commodities trading

- Timothy Goh

Firms from Singapore and China's western province of Sichuan have signed five agreements across a range of sectors to boost bilateral trade.

The memorandums of understanding (MOUs) signed at the 24th Singapore-Sichuan Trade and Investment Committee meeting on Aug 14 cover businesses in utilities, healthcare and commodities trading, as well as those focusing on exchange and corporate training programmes.

One initiative involves local healthcare company Singapore Traditional Medicine joining Sichuan Youyi Technology to develop a smart medical consultation system featuring a digital human doctor, a listening and interpreting assistant, as well as tools for follow-up and chronic disease management.

Another signatory was Singapore utilities firm SP Group, which is teaming up with Chengdu Wuhou State-owned Capital Investment and Operation Group to develop an integrated energy management project in the Wisdom Valley, a high-tech industrial park housing 800 companies.

The new tie-up comes more than three years after SP Group joined hands with Wuhou's district government to develop a smart-eco district.