His comments come as energy analysts assess the effectiveness of a U.S.-led pledge to release oil from strategic reserves to stymie surging fuel prices.
The 37-year-old company is the only firm in the world capable of making the highly-complex machines that are needed to manufacture the most advanced chips.
The Ministry of Trade and Industry said the Singapore economy is expected to grow by around 7% in 2021 — the top of its previous forecast range of 6% to 7%.
The U.S. and China emerged from a high-profile meeting between Xi and Biden striking a positive tone — but a big question remains unanswered, says Stephen Olson.
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