China's Wang Yi arrives in Malaysia to attend 58th AMM meetings
Wang and his entourage were received at the Bunga Raya Complex of Kuala Lumpur International Airport (KLIA) at 11pm.
International media reported yesterday that Wang, who is also a member of the Political Bureau of the Communist Party of China Central Committee, will attend a series of ministerial meetings in Kuala Lumpur from July 10 to 11.
These include the China-Asean Foreign Ministers' Meeting; the Asean Plus Three (APT) Foreign Ministers' Meeting involving China, Japan, and the Republic of Korea; as well as the East Asia Summit (EAS) Foreign Ministers' Meeting.
He is also scheduled to attend the Asean Regional Forum (ARF) Foreign Ministers' Meeting.
Malaysia is currently hosting the 58th AMM and related meetings under its 2025 Asean Chairmanship theme, "Inclusivity and Sustainability".
A total of 24 foreign ministers-level meetings will be held, including bilateral discussions with Asean's external dialogue partners — Australia, Canada, China, the European Union (EU), India, Japan, New Zealand, Russia, South Korea, the United Kingdom, and the United States.
In addition, four trilateral meetings involving Malaysia, the Asean Secretariat, and sectoral dialogue partners — Brazil, Norway, Switzerland and Turkiye — are also scheduled.
This marks the fifth time Malaysia is chairing Asean, having previously held the position in 1977, 1997, 2005, and 2015. - Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
3 hours ago
- The Star
Muted Maybank quarterly earnings on the absence of top line drivers
PETALING JAYA: Malayan Banking Bhd 's (Maybank) upcoming results for second quarter of the financial year 2025 (2Q25) are likely to be muted, given the absence of strong top line drivers, says CGS International (CGSI) Research. The research house, in a report, said the banking group's net interest income is expected to be sustained, given some relief from the 100 basis points (bps) cut in the statutory reserve requirement to mitigate funding cost pressure. On the other hand, the non-interest income might be weighed down by slower fee growth and equity mark-to-market losses from its insurance business. Sticky operating expenses, particularly personnel costs, are also likely to remain the biggest drag, limiting prospects for near-term outperformance, added the research house. Given the limited earnings upside amid a cautious macro environment, CGSI Research has maintained a 'hold' rating on Maybank with a revised target price of RM9.85 per share, rolled forward to the financial year 2026 (FY26) valuation. This is based on a FY26 forecast price-to-book value target multiple of 1.21 times, underpinned by a return on equity of 10.4% and a cost of equity 9.1%. 'Our assumptions reflect expectations of subdued near-term earnings momentum as macro headwinds, including global supply chain disruptions, softer trade activities that may continue to moderate domestic activities from 2H25 (first half of 2025) to 1H26,' the research house noted. Having said that, Maybank's fundamentals remained supported by healthy capital levels, a strong liquidity position, diversified funding profile, sound asset quality and extensive Asean banking franchise. However, the balance of risk and reward appeared 'neutral' in the short term, it added. CGSI Research also projected Maybank's 2H25 earnings to moderate due several factors, including the net interest margin compression following the July 25 bps overnight policy cut and asset-liability mismatches. This was followed by the softening loan growth momentum amid weaker trade and investment flows as well as a more cautious lending stance.
The Star
4 hours ago
- The Star
Hybrid rice project launched at Nepal's sci-tech park
KATHMANDU, Aug. 11 (Xinhua) -- Experimental seedlings of hybrid rice varieties were transplanted into Nepal South Agricultural Science and Technology Park on Monday, as part of efforts to help the South Asian country achieve food self-sufficiency. The first batch of 37 high-yield varieties will land at the hybrid rice demonstration zone of the park, which is located in the town of Rampur in Bharatpur city in south-central Nepal. Speaking at the inauguration ceremony, Chinese Ambassador to Nepal Chen Song described the project as the result of hard work for more than two years, calling it another progress in agricultural cooperation between the two countries on the 70th anniversary of diplomatic ties. Chen noted that improving agricultural productivity and enhancing food self-sufficiency has become a global focus, and the promotion of China's hybrid rice technology is a key area in global agricultural technology cooperation and a key component of China's current global governance approach. "China hopes to help more developing countries, including Nepal, achieve food self-sufficiency through international cooperation and technological exchange, thereby promoting the shared development of global agriculture," added Chen. Agriculture is the backbone of Nepal's economy and provides a livelihood to a large portion of the population. "I believe that by using improved varieties of seeds, farmers will be able to increase their production, contribute to poverty alleviation, and achieve the goal of sustainable development by becoming self-reliant in rice," Mayor of Bharatpur Renu Dahal said at the inauguration ceremony. "These seeds will provide the potential for self-reliant agriculture, prosperous farmers and food security in the future," she added, expecting the program to reach farms in the local district as well as across the country. The park was developed with the support of China-South Asian Countries Poverty Alleviation and Cooperative Development Center and implemented by Nepal's Agriculture and Forestry University based in Bharatpur and Chongqing Academy of Agricultural Sciences.
The Star
4 hours ago
- The Star
Domestic markets face volatile fund flows
PETALING JAYA: Fund flows into local capital markets are expected to remain volatile as investors focus on looming US sectoral tariffs on Malaysia's pharmaceutical and semiconductor goods. United Overseas Bank (M) Bhd (UOB) expects capital flows into Malaysia and other emerging markets to remain volatile, with investors continuing to rotate their funds across sectors based on each country's resilience to US tariffs and shifts in trade policy. UOB said investor attention is now turning to sector-specific levies by the United States and a potential 10% surcharge on Brics member countries and their allies. 'Other key near-term issues include US-China trade negotiations, the US Federal Reserve's policy independence and its rate trajectory,' UOB said in a research note. UOB added that lingering tariff and trade uncertainties would continue to weigh on the ringgit till the end of the year before the currency regains strength from the first quarter of next year (1Q26). UOB projects the ringgit strengthening against the US dollar to RM4.19 in 2Q26 from RM4.20 in 1Q26 and RM4.23 in 4Q25 and RM4.27 in 3Q25. Analysts noted that July was the second consecutive month foreign investors continued to pare their holdings of Malaysian equities and debt. In its weekly fund-flow report, MBSB Research said foreign fund outflows from Bursa Malaysia in July had extended into August. In the week ended Aug 8, foreign investors extended their net selling of Malaysian equities to fifth consecutive week, registering a net outflow of RM1.14bil. This was three times higher than the previous week's outflow of RM378.1mil. Foreign investors were net sellers on every trading day, with outflows ranging from RM145.6mil to RM318.1mil. 'The largest outflow was recorded last Tuesday, followed by last Thursday with RM291mil, last Monday with RM205.7mil and last Wednesday with RM174.7mil, while last Friday recorded the smallest outflow. 'The only two sectors that recorded net foreign inflows last week were industrial products and services (RM62.7mil) and transportation and logistics (RM36.2mil). 'The top three sectors that recorded the highest net foreign outflows were financial services (RM344.3mil), healthcare (RM239.1mil) and utilities (RM210.2mil),' said MBSB Research. The selling pressure is also present in bonds. Maybank Investment Bank Research (Maybank IB) said moderate selling of ringgit bonds continued in July for a second consecutive month, driven in part by a rebound in the greenback. Outflows totalled RM5.5bil from June's RM5.4bil, although on a year-to-date basis, flows stayed positive at RM15.9bil from a peak of RM26.9bil in May. Maybank IB said foreign holdings of Malaysian Government Securities and Government Investment Issues eased to 21.1% in July from 21.8% in June, while across Asean the picture was mixed, with Indonesia attracting inflows and Thailand experiencing outflows.
