MLC foreign ministers support open world economy

Foreign ministers from six Mekong-Lancang Cooperation (MLC) countries have highlighted the importance of an open world economy and the maintenance of a rules-based multilateral trade system with the World Trade Organisation at its core.
MLC foreign ministers support open world economy ảnh 1Foreign ministers from six Mekong-Lancang Cooperation countries pose for a photo at the meeting in Laos (Photo: VNA)
Vientiane (VNA) –Foreign ministers from six Mekong-Lancang Cooperation (MLC) countries have highlightedthe importance of an open world economy and the maintenance of a rules-basedmultilateral trade system with the World Trade Organisation at its core.

In apress statement released after the conclusion of the fourth MLC ForeignMinisters’ Meeting in Laos, ministers from China, Laos, Cambodia, Myanmar,Thailand, and Vietnam reaffirmed that the MLC will be based on the principlesof consensus, equality, mutual consultation and coordination, voluntarism,common contribution, and shared benefits.

Theyalso reiterated respect for the United Nations’ charter and international law, aswell as aspired towards a spirit of friendship, openness, and inclusivity.

Theministers agreed to promote the synergy of national development strategies,bring into full play resource endowment and competitive advantages, promoterational flow and optimal allocation of production factors, and to start a discussionon jointly building a MLC Economic Development Belt for mutual benefit andshared prosperity.

Theyalso pledged to conduct high-quality production capacity cooperation and speedup the formulation of a cooperation plan on connectivity among the Mekong-Lancangcountries and development plans of cross-border economic and productioncapacity cooperation.

Theministers expressed readiness to work together for the complete success andpositive outcomes of the fifth MLC foreign ministers’ meeting to be held inDecember 2019 in China and the third MLC leaders’ meeting in January 2020 inLaos.

Thefirst MLC leaders’ meeting took place in March 2016. –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.