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SpanishCham SG Newsletter
Mayo/May 2022

¨Today is cruel. Tomorrow is crueler. And the day after tomorrow is beautiful¨
 Jack Ma
 
LATEST NEWS
In Singapore...       
Singapore, Japan key partners to protect regional peace: PM Lee and PM Kishida
Singapur y Japón, socios clave para proteger la paz regional: PM Lee y PM Kishida
Singapore must prepare for economic challenges, Government doing 'all it can' to cushion impact: PM Lee
Singapur debe prepararse para los desafíos económicos, el gobierno hace 'todo lo posible' para amortiguar el impacto: PM Lee

Is a global recession coming and what does that mean for Singapore?

¿Se avecina una recesión mundial y qué significa eso para Singapur?

Singapore's Lawrence Wong meets Indonesian ministers in Jakarta
Lawrence Wong de Singapur se reúne con ministros de Indonesia en Yakarta
Singapore welcomes proposed Indo-Pacific Economic Framework with US: PM Lee
Singapur da la bienvenida al Marco Económico del Indo-Pacífico propuesto con EE. UU.: PM Lee
In Spain...        

Exports increase by 23.9% in the first quarter of 2022

Las exportaciones aumentan un 23,9% en el primer trimestre de 2022
First of 23 new Circle Line MRT trains arrived from Spain
El primero de los 23 nuevos trenes Circle Line MRT llegó desde España
The President of the Government of Spain takes part in the 51st edition of the World Economic Forum in DAVOS
El Presidente del Gobierno de España participa en la 51ª edición del Foro Económico Mundial en DAVOS
The Minister for Industry, Trade and Tourism, Reyes Maroto, has spoken in New York at the UN General Assembly's High Level Forum on Sustainable and Resilient Tourism.
La Ministra de Industria, Comercio y Turismo, Reyes Maroto, ha intervenido en Nueva York en el Foro de Alto Nivel sobre Turismo Sostenible y Resiliente de la Asamblea General de la ONU.
Inflation in Spain – should we be concerned?
Inflación en España: ¿debemos preocuparnos?
In the world...      
European Central Bank member says to expect first rate hikes this summer
Miembro del Banco Central Europeo dice que espera primeras subidas de tipos este verano
Euro Is Sliding Toward Dollar Parity for First Time in 20 Years
El euro se desliza hacia la paridad del dólar por primera vez en 20 años
COSCO: China's shipping giant expands its global influence
COSCO: El gigante naviero de China expande su influencia global
How did a dictator's son escape his father's shadow to be Philippine president? What does it mean for S'pore?
¿Cómo escapó el hijo de un dictador de la sombra de su padre para ser presidente de Filipinas? ¿Qué significa para S'pore?
US: Joe Biden hosts ASEAN leaders amid concerns over China
UU.: Joe Biden recibe a los líderes de la ASEAN en medio de preocupaciones sobre China
In the SpanishCham SG
Informative Note about the new composition of the Chamber´s Board of Directors

Dear Members of the SpanishCham SG,
 
We would like to inform you of some important changes in the composition of the Chamber´s Board as follows:
 

  1. Sinuhé Arroyo, has officially communicated to the Board his decision to resign from his Chairman and Director positions due to personal reasons. As you all know, Sinuhé was the first Chairman of the Board after the Chamber was founded in 2019. He was unanimously elected by the Board as Chairman for a second term after our last General Assembly held on December 2, 2021.
 
         The departure of Sinuhé is deeply regretted by the Board and we wish to express our heartfelt gratitude for the hard work, leadership, support and great friendship that Sinuhé has demonstrated during his tenure as Chairman. He will be missed by all of us.
 
         Finally and in relation with Sinuhé, please note that the Board will present him with a recognition plaque as a token of our appreciation during the next General Assembly to take place on May 23, 2022. 
 
  1. Notwithstanding the above, we are very pleased to also inform you of the following two changes to the Board:
 
  1. Alvaro Gonzalez, current member of the Board and representative of Cosentino, was elected by the Board to be our new Chairman in an extraordinary meeting. This election, which was carried out in compliance with our By-Laws,  was supported by the Economic Counselor of the Embassy Antonio Garcia Rebollar, who has duly informed the Ambassador Santiago Miralles.
 
Chairman, Alvaro will bring to his new role a strong set of assets and values and for those of you who do not know him well, you may be interested to know that:
  • He is 42 years old and has been with Cosentino for the last 9 years, having held the positions of Strategy Director, Middle East and North Africa Regional Head, as well as South East USA Regional Head.
  • His current position in the Company is VP, Regional Asia Pacific Head.
 
With regards to Cosentino itself, the company has been present in Singapore for the last 10 years, and has had a showroom for the last 8 years, which has recently moved to a brand new location at Marina One.
 
  1. Pedro Fernández, representative of CEPSA and who was the next most voted candidate in our last General Assembly, has gracefully accepted our invitation to become a new member of the Board. Following Sinuhé’s departure, Pedro becomes the Board’s seventh member. Pedro is a reputable professional with broad experience in international markets. He established the branch of CEPSA for trading activities in Oil & Gas in Singapore in 2019.
 
Please join all Board members in once again thanking Sinuhé for all his contributions and in wishing him success in his future endeavors, and in welcoming Alvaro and Pedro to their new roles.
 
Thanks and best regards.
Annual General Assembly of the SpanishCham SG
On 23 May 2022, the Annual General Assembly of the Spanish-Singaporean Chamber of Commerce took place in the ¨Cosentino Showroom¨. The Assembly had a high attendance of its Members and the presence of the Economic and Commercial Counselor for the Embassy of Spain.
The Assembly began with the welcoming words from the President, Alvaro Gonzalez, who highlighted the objectives and activities of the SpanishCham for this current year.
A Tribute act was held to the former President, Sinuhé Arroyo, thanking him for all the services he has rendered to the SpanishCham during the time he has served as President.
During the Assembly, the Members approved the accounting closing for the year 2021 and the Economic Budget for the year 2022, as well as the report of activities carried out in the year 2021 and those planned for the year 2022.
The modification of the SpanishCham By-Laws was also approved to adapt them to the Royal Decree 1179/2020 of the Spanish Ministry of Industry.
The event ended with the closing remarks by the Economic and Commercial Counselor for the Embassy of Spain.
At the end of the Assembly, a Spanish wine and tapas were served, which allowed all the Members to interact and exchange opinions about their businesses.
Knowing your Members
Our interview in May is with the Spanish Lawyer in Singapore,  José Alberto Pascual.
News from our Members
Find out what the company ¨MISSING SPAIN¨ (supplier of premium Spanish food products) can do for you;

Click here for more information:  
https://drive.google.com/file/d/1QKhDnCBfluyxUCmRePJ779mn9kOf-t7Y/view?usp=sharing
Next Events
On 16 June 2022 we will celebrate a networking event that will bring together the Spanish community in Singapore, between the Members of the SpanishCham SG and the Members of the AES Spanish Association of Singapore. In the next few days we will send more details of this event.
 
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SpanishCham SG · OUE Downtown Gallery · 6A Shenton Way · Singapore 068815 · Singapore

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