Malaysia suggests post-pandemic economic recovery plan for ASEAN

Malaysian Prime Minister Muhyiddin Yassin, at the Special ASEAN Summit on COVID-19 in the form of teleconference hosted by Vietnam on April 14, proposed the setting up of a economic recovery plan for the region after the COVID-19 pandemic is controlled.
Malaysia suggests post-pandemic economic recovery plan for ASEAN ảnh 1Malaysian Prime Minister Muhyiddin Yassin (Photo: https://www.malaymail.com/)

KualaLumpur (VNA)
- Malaysian PrimeMinister Muhyiddin Yassin, at the Special ASEANSummit on COVID-19 in the form of teleconference hostedby Vietnam on April 14, proposed the setting up of an economic recovery plan for the regionafter the COVID-19 pandemic is  controlled.

He said ASEAN's plan should not just to providefinancial support but also social safety, food supplies and education as well.

Muhyiddin said in a statement that the planshould include measures to ensure a steady stream of food, essential goods andmedical supplies, to the 600 million inhabitants in the region. 

Besides that it should also ensure the provision of capacity and criticalinfrastructures to ensure the smooth flow of trade, be it from air, land orsea, he added.

Muhyiddinurged all ASEAN nations not to put in place unnecessary trade restrictions whenit comes to medical supplies, food and essential items.

ASEANneeds to develop into a growth centre and be a new resource, serving not onlypeople in the region but also those around the world, he suggested.

He saidhis country supports the establishment of the COVID-19 ASEAN Response Fund to increase our emergency stock in order to face any future outbreaks.
The Malaysian PM also informed the country's key strategies to address issues stemmed from the epidemic, including the Movement Control Order./.


VNA

See more

The RoK's Finance Minister Choi Sang-mok speaks at a trilateral meeting with his Japanese and Chinese counterparts in Georgia. (Photo: Yonhap)

ASEAN+3 to create new financing facility against regional crises

The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.

Thailand to apply VAT on imports sent via post

Thailand to apply VAT on imports sent via post

The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
Malaysia asserts pioneering role in halal industry

Malaysia asserts pioneering role in halal industry

Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
ASEAN Future Forum 2024 enters first session

ASEAN Future Forum 2024 enters first session

The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
ASEAN youth empowered to unleash potential: ASEAN chief

ASEAN youth empowered to unleash potential: ASEAN chief

ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
ASEAN bolsters intellectual property cooperation

ASEAN bolsters intellectual property cooperation

The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.