Indonesia, Australia expected to expand economic ties

Indonesian President Joko Widodo and his spouse Hj Iriana Joko Widodo will pay an official visit to Australia from February 25 – 26, according to a press release by the Office of the Australian Prime Minister on February 24.
Indonesia, Australia expected to expand economic ties ảnh 1Prime Minister Malcolm Turnbull meets Indonesian President Joko Widodo ​during his last day at ASEAN (Photo: AAP)
 
Sydney (VNA) – Indonesian President Joko Widodoand his spouse Hj Iriana Joko Widodo will pay an official visit to Australiafrom February 25 – 26, according to a press release by the Office of the AustralianPrime Minister on February 24. 

The visit highlights the deepening strategic and economiccooperation between the two countries, said the press release, adding that theAustralia – Indonesia bilateral relationship is vitally important to bothcountries. 

As multicultural democracies, the two countries havedeveloped a strong strategic partnership in the 21st century,spanning a wide range of areas, including trade, tourism, counter-terrorism,education and disaster relief. 

During the visit, President Widodo and Prime MinisterTurnbull will co-chair the Annual Leaders’ Meeting to further strengthen bilateralrelations.

Discussions will focus on identifying opportunities forexpanding investment, trade and economic ties, including Australia’s commitmentto concluding a Comprehensive Economic Partnership Agreement (IA-CEPA) laterthis year. The deal is expected to benefit both countries by generating jobsand promoting trade and investment. 

Indonesia is also one of Australia’s most important partnersin the fight against terrorism. PM Turnbull affirmed that the practicalcooperation between the two countries in this field makes their communitiessafer and the region more secure.

In December 2016, Australian Minister of Trade, Tourism andInvestment Steven Ciobo paid a visit to Indonesia to speed up negotiations onthe IA-CEPA.

The agreement will create more favourable conditions forAustralian exporters to provide commodities and services to meet the increasingdemand of Indonesian people.-VNA

VNA

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.