Malaysia, Indonesia to counter EU discrimination against palm oil

Malaysia and Indonesia are considering the export restriction against palm oil to the European Union seriously and ready to take joint action to counter the discrimination.
Malaysia, Indonesia to counter EU discrimination against palm oil ảnh 1Illustrative image (Source: awareenvironmental.com.au)

KualaLumpur (VNA) – Malaysia and Indonesia are considering the exportrestriction against palm oil to the European Union seriously and ready to takejoint action to counter the discrimination.

Malaysia'sPrime Minister Najib Razak and Indonesia's President Joko Widodo raised thematter during the ASEAN-EU Summit in the framework of the freshly-ended 31st ASEAN Summit, which was also attended by President of the European CouncilDonald Tusk.

Bernamanews agency on November 14 quoted Najib as saying that the discrimination willaffect the palm oil industry, threaten the income, welfare and livelihood of600,000 smallholders in Malaysia and 17.5 million others in Indonesia.

Najibhighlighted the issue to Tusk, describing it as ‘very serious’. The EuropeanCouncil President affirmed to look into the matter.

Askedif Malaysia and Indonesia would take counter action if the EU remained adamanton the matter, Najib said he would raise the matter with Jokowi during theannual consultation to be held in Kuching on November 22.

Hesuggested Malaysia and Indonesia cooperate closely in this issue as theytogether account for 82 percent of global palm oil output with combined valueof over 13.6 billion USD

TheEuropean Parliament adopted a resolution in April that only environmentallysustainable palm oil can be imported into the European Union after 2020.

Itcalled for a single certified sustainable palm oil scheme for Europe-bound palmoil exports to make sure that the oil was produced using environmentallysustainable methods and prevented deforestation.

Theresolution said the current certification scheme was flawed and did not meetinternationally accepted standards on sustainability.-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.