Singaporean PM calls on ASEAN states to open market
Singaporean PM calls on ASEAN states to open market, strengthen integration
Singaporean Prime Minister Lee Hsien Loong on November 12 called on ASEAN member countries to open their market and strengthen integration amidst the increasing protectionism in the world.
Singaporean Prime Minister Lee Hsien Loong (Source: channelnewsasia)
Hanoi (VNA) - Singaporean Prime Minister Lee Hsien Loong on November 12 called onASEAN member countries to open their market and strengthen integration amidstthe increasing protectionism in the world.
Addressing abusiness forum in Singapore ahead of the 33rd ASEAN Summit, PM Lee suggestedthat regional businesses invest more in each other’s market, while becomingmore open to competition from the outside.
The leader held thatthe more open and integrated the markets are, the more benefits all parties canenjoy.
ASEAN has greatpotential, but fully realising it depends on whether the member countrieschoose to become more integrated, and work resolutely towards this goal in aworld where multilateralism is fraying under political pressures, Lee said.
Lee has previouslywarned that the US-China trade war could have a "big, negativeimpact" on Singapore, and the city-state's central bank has warned itcould soon drag on growth.
In recent months, tradetension between the US and China has escalated as the two sides applied specialtax packages on each other. Chinese Ministry of Commerce on September 18announced that China had filed a lawsuit against the US at the World TradeOrganisation (WTO) for Washington’s imposing of a 10 percent tax rate on anamount of goods worth 200 billion USD imported from China, which led to China’sretaliatory application of tax rate equivalent to 60 billion USD on goodsimported from the US.-VNA
Singapore has enhanced security measures and prepared plans to ensure smooth traffic during the 33rd ASEAN Summit and related summits, slated for November 11 to 15.
Japan and 10 member countries of the Association of Southeast Asian Nations (ASEAN) have recently set up a mechanism to share information about cyber attacks in order to improve efficiency in dealing with this problem.
The 33rd ASEAN Summit, slated for November 13-15 in Singapore, will focus on strengthening intra-bloc cooperation and connections, building a resilient and innovative ASEAN Community and sketching out ASEAN orientations for following years.
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.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
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.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
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.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
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).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
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).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
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.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Singaporean Prime Minister Lee Hsien Loong (Source: channelnewsasia)
