Daily Briefing: Singapore enters new ASEAN economic road map; NOL in talks with CMA CGM

And here’s the cost of raising a child in Singapore.

Leaders from the Association of Southeast Asian Nations unveiled with fanfare another road map to a common community for the next decade even as the bloc missed targets for economic integration this year. The 10 leaders signed a document declaring the establishment of an Asean Community from Dec. 31, and another titled “Asean 2025: Forging Together Ahead” that laid out the vision for the next 10 years. Read more here.

France’s CMA CGM SA is in exclusive talks to buy Singapore’s Neptune Orient Lines Ltd., as global shipping companies grapple with ways to revive earnings amid a glut of new vessels, shrinking demand and declining prices. A deal would bring together the world’s third-largest container company with Southeast Asia’s biggest container shipper. Find out more here.

Trying to answer the question, “How much does it cost to raise a child in Singapore” is notoriously difficult. Providing an average cost is not very helpful since the variance can be pretty extreme. For instance, the choice of hospital at which to deliver one’s baby can mean up to five times the difference in cost. Read more here.