CAREC ministers endorse new green recovery, food security, and clean energy cooperation initiatives

CAREC ministers endorse new green recovery, food security, and clean energy cooperation initiatives

(CPV) - Countries in central and west Asia have endorsed three new cross-border cooperation initiatives to help accelerate the region’s recovery from the COVID-19 pandemic, improve food security, and boost the development of clean energy.
Bond yields rise in emerging East Asia amid aggressive monetary tightening
Bond yields rise in emerging East Asia amid aggressive monetary tightening
(CPV) - Aggressive monetary tightening in advanced economies has pushed up bond yields and worsened the downturn of financial conditions in emerging...
New Malaysian PM pledges to balance all interests
New Malaysian PM pledges to balance all interests
New Prime Minister of Malaysia Anwar Ibrahim has said he will lead a unity government and make efforts to balance all interests.
Ambassador World Peace Council’s 22nd Assembly a success
Ambassador: World Peace Council’s 22nd Assembly a success
The 22nd Assembly of the World Peace Council (WPC) has been a success, creating a new milestone in the WPC’s over-70-year development history,...
Indonesia 20 5 million MSMEs join digital ecosystem
Indonesia: 20.5 million MSMEs join digital ecosystem

About 20.5 million micro, small, and medium enterprises (MSMEs) have so far entered Indonesia’s digital ecosystem, said Minister of Cooperatives and Small and Medium Enterprises (SMEs) Teten Masduki.

Thailand urged to beef up cooperation under mini-FTAs at APEC meetings
Thailand urged to beef up cooperation under mini-FTAs at APEC meetings

Thailand can use the Asia-Pacific Economic Cooperation (APEC) Leaders' Meeting and the APEC CEO Summit, to step up cooperation under "mini-free trade agreements" (mini-FTAs) as part of efforts to brace for a global economic slowdown next year, according to the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB).

Malaysia’s ringgit marks new all-time low
Malaysia’s ringgit marks new all-time low

Malaysia’s ringgit further weakened against the US dollar on October 21, closing the week at a new all-time low of 4.738 due to the absence of fresh market catalyst, analysts said.

ASEAN strengthens collaboration in building regional disaster resilience
ASEAN strengthens collaboration in building regional disaster resilience

The Association of Southeast Asian Nations (ASEAN) reaffirmed its resolve to strengthen collaboration in building disaster resilience in the region at the 10th ASEAN Ministerial Meeting on Disaster Management (AMMDM) and 11th Meeting of the Conference of the Parties to the ASEAN Agreement on Disaster Management and Emergency Response (AADMER) on October 20.

ASEAN, China wish to early adopt Code of Conduct in East Sea spokesperson
ASEAN, China wish to early adopt Code of Conduct in East Sea: spokesperson

The joint working group of the Association of Southeast Asian Nations (ASEAN) and China held their 37th meeting on the implementation of the Declaration of Conduct of Parties in the East Sea (DOC) in Cambodia on October 1-3, according to Foreign Ministry spokesperson Le Thi Thu Hang.

Malaysia to cut daily oil output from November
Malaysia to cut daily oil output from November

Malaysia has agreed with the recent implementation of oil production cut of 2 million barrels per day by the Organisation of the Petroleum Exporting Countries and allies (OPEC ) with effect from this November.

ASEAN, Russia look for new cooperation dynamics
ASEAN, Russia look for new cooperation dynamics

An international conference themed “Russia and ASEAN in the Asia-Pacific region: Dynamics of cooperation, regional processes and global context” took place at the Moscow State Institute of International Relations (MGIMO) on October 13.

ASEAN, Russia bolster digital technology cooperation
ASEAN, Russia bolster digital technology cooperation

An online symposium focusing on economic aspects in the transition to the Fourth Industrial Revolution in Russia and ASEAN countries and cooperation chances between the sides, was recently held in Moscow.

ADB lowers developing Asia growth outlook as global risks mount
ADB lowers developing Asia growth outlook as global risks mount

(CPV) - The Asian Development Bank (ADB) again lowered its forecasts for economic growth in developing Asia and the Pacific, amid mounting challenges that include increased monetary tightening by central banks, fallout from the protracted Russian invasion of Ukraine, and recurrent COVID-19 lockdowns in the People’s Republic of China (PRC).

ASEAN creates healthy competition environment for SMEs
ASEAN creates healthy competition environment for SMEs

Heads of ASEAN member economies have agreed to create a mechanism to promote competition, create an environment conductive for regional SMEs to enter ASEAN amid economic recovery from COVID-19 crisis.

Thai oil refining firm eyes investment in Vietnam
Thai oil refining firm eyes investment in Vietnam

Thai Oil Plc (TOP), Thailand’s the largest oil refining company by capacity, is looking forward to pouring its investment in Vietnam, Indonesia and India, in the fields of oil refinery, lube oil and high-value petrochemical products.

Indonesia unveils net zero emission roadmap
Indonesia unveils net zero emission roadmap

The Indonesian Ministry of Energy and Mineral Resources (EMR), in cooperation with the International Energy Agency (IEA), has unveiled the Indonesia Net Zero Emission (NZE) Roadmap for the energy sector of 2060.