From November 6 to 8, 2024, a delegation from the American Chamber of Commerce in the Kyrgyz Republic participated in a business tour to Singapore as part of the
Regional AmCham Network Initiative 2.0, supported by the USAID Future Growth Initiative. The initiative aims to strengthen business ties and expand opportunities
for cooperation among companies in Central Asia.
The delegation included representatives from leading Kyrgyz companies, such as CJSC FINCA Bank, CJSC Bank of Asia, and A1 Project LLC, as well as colleagues from
the American Chambers of Commerce in Uzbekistan and Tajikistan.
On November 6, the delegation visited PhillipCapital, one of Singapore’s leading financial institutions, with a global presence in 16 countries and regions. PhillipCapital is
an integrated Asian financial group offering a wide range of high-quality and innovative services to retail clients, high-net-worth individuals, family offices, as well as corporate and institutional clients.
As part of the program, the delegation also visited ARTA, a company regulated by the Monetary Authority of Singapore (MAS). ARTA holds a license for capital markets
services, including fund management, securities dealing, and collective investment schemes, and is also an exempt financial advisor. Delegates had the opportunity to
meet with ARTA’s leadership and gain valuable insights into the company’s operations and strategic initiatives within the financial sector.
One of the key events of the trip was the Singapore FinTech Festival (SFF) — the world’s largest event connecting the policy, finance, and technology communities. SFF serves as a platform for establishing meaningful connections and collaborations, as well as for discussing the latest financial solutions, evolving regulatory changes, and technological innovations in the financial sector.
During the business tour, the AmChams of the Kyrgyz Republic, Uzbekistan, and Tajikistan signed a memorandum of cooperation with Custos Technologies, Silk Gate Pte Ltd, and FTAG. The memorandum aims to foster and deepen business connections, promote economic growth, and strengthen mutually beneficial relationships between Central Asian countries and international partners. Custos Technologies, Silk Gate Pte Ltd, and FTAG are leading companies with expertise in international markets, playing key roles in financial technologies, digital solutions, and infrastructure, opening new opportunities for growth and modernization of businesses in Central Asia.
Altynai Asanova, Executive Director of AmCham Kyrgyz Republic, stated: «We are confident that this partnership will open new opportunities for business in the Kyrgyz
Republic, Uzbekistan, and Tajikistan, as well as create a sustainable foundation for long-term economic cooperation.»
On November 7, during the visit, delegation members, including representatives of leading Kyrgyz companies such as FINCA Bank CJSC, Bank of Asia CJSC, and A1 Project LLC, as well as colleagues from the American Chambers of Commerce of Uzbekistan and Tajikistan, participated in FinTech B2B networking meetings. During these meetings, delegates exchanged information about their business strategies, products, and services, as well as answered questions from Singaporean partners. Special attention was given to innovation, fintech, and business development in Kyrgyzstan, as well as opportunities for collaboration and knowledge exchange with
Singaporean colleagues.
At the conclusion of the discussions, company representatives explored prospects for joint projects and further expansion of business contacts between Kyrgyzstan and Singapore.
