logo
Malaysia Leverages ASEAN Chairmanship To Advance Ties With GCC, China

Malaysia Leverages ASEAN Chairmanship To Advance Ties With GCC, China

Barnama16-05-2025

By Noor Bakhtiar Ahmad
KUALA LUMPUR, May 16 (Bernama) -- Malaysia is set to take centre stage in global diplomacy as it hosts the inaugural ASEAN-GCC-China Economic Summit this month, leveraging its 2025 ASEAN chairmanship to advance strategic ties with the Gulf Cooperation Council (GCC) nations and China, especially in promoting a multipolar global order and reinforcing ASEAN's centrality.
Regional expert Dr Nadia Helmy said the convening of the summit in Kuala Lumpur - initiated by Prime Minister Datuk Seri Anwar Ibrahim - is a testament to Malaysia's increasing prominence in shaping multilateral cooperation frameworks, with its ASEAN chairmanship providing a platform to build bridges between Southeast Asia, the Islamic world and key global powers like China.
bootstrap slideshow
'Malaysia's hosting of the first-ever ASEAN-GCC-China Economic Summit reflects its growing role in shaping multilateral frameworks for economic, political and cultural cooperation,' said Nadia, a Professor of Political Science at Beni Suef University and an Egyptian expert in Chinese and Asian political affairs.
She noted Malaysia's continued emphasis on 'ASEAN centrality' as a strategic response to geopolitical tensions between major powers.
'Malaysia is actively supporting a neutral stance and avoiding alignment with any global bloc. This allows ASEAN to function as a cohesive and independent force in global diplomacy,' she told Bernama in a written interview.
Nadia observed that ASEAN countries have strong and robust economies that enable them to play a pivotal role in the global economic landscape.
'This makes economic and trade cooperation with ASEAN by the GCC countries and other Middle East countries fruitful and successful for all parties involved,' she said.
Nadia said China's role is also expected to feature prominently in the trilateral framework through its Belt and Road Initiative, investment in renewable energy in the Gulf, and infrastructure support in Southeast Asia.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ringgit strengthens against greenback as US tariff concerns weigh on global markets
Ringgit strengthens against greenback as US tariff concerns weigh on global markets

Malay Mail

time30 minutes ago

  • Malay Mail

Ringgit strengthens against greenback as US tariff concerns weigh on global markets

KUALA LUMPUR, June 12 — The ringgit continued to strengthen against the US dollar on Thursday, buoyed by a softer US Dollar Index (DXY), which declined by 0.25 per cent to 98.386 points. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the drop followed news that US President Donald Trump's administration plans to issue letters regarding its tariff decisions within the next two weeks. At 6 pm, the local unit advanced to 4.2155/2245 against the greenback, from Wednesday's close of 4.2345/2370. He said the announcement has fuelled further uncertainty over the outcome of the ongoing trade negotiations. 'Whatever the case may be, the 10 per cent universal tariff is likely to exert pressure on the US economy and risks of retaliation from other nations across the globe would accentuate the downside risks to global growth,' he told Bernama. Emerging market currencies, including the ringgit, are benefiting from the current trend. Next week's Federal Open Market Committee (FOMC) meeting on June 17-18 will be closely monitored by the market participants, he said. At the close, the ringgit traded lower against a basket of major currencies. It fell against the Japanese yen to 2.9329/9394 from 2.9187/9207, weakened versus the British pound to 5.7213/7335 from 5.7166/7200 and fell vis-à-vis the euro to 4.8765/8869 from 4.8426/8454 previously. At the same time, the local currency traded mixed against its Asean peers, rising vis-à-vis the Philippine peso to 7.55/7.57 from 7.57/7.59 and rising against the Indonesian rupiah to 259.5/260.2 from 260.4/260.6. However, the ringgit fell versus the Singapore dollar to 3.2934/3006 from 3.2925/2947 at yesterday's close and declined against the Thai baht to 12.9828/13.0173 from 12.9729/9870 yesterday. — Bernama

Chin Hin to procure AAC machinery from Shanghai-listed Jiangsu Teeyer for its third manufacturing plant
Chin Hin to procure AAC machinery from Shanghai-listed Jiangsu Teeyer for its third manufacturing plant

The Sun

timean hour ago

  • The Sun

Chin Hin to procure AAC machinery from Shanghai-listed Jiangsu Teeyer for its third manufacturing plant

KUALA LUMPUR: Leading integrated builder conglomerate Chin Hin Group Bhd's wholly-owned subsidiary, Starken AAC Sdn Bhd (SAAC), has signed a memorandum of understanding (MoU) with Jiangsu Teeyer Intelligent Equipment Co Ltd, a leading global provider of autoclaved aerated concrete (AAC) production systems listed on the Shanghai Stock Exchange. The MoU marks Chin Hin's strategic expansion into its third AAC manufacturing facility, which is set to be situated adjacent to the group's existing factory in Serendah, Selangor. Scheduled for full production by May 31, 2026, the new facility will significantly elevate the group's production capabilities by adding a capacity of over 1,000,000 cubic meters per year. Chin Hin group CEO for building materials division Ng Wai Luen said this strategic partnership with Jiangsu Teeyer is a significant milestone for Chin Hin, as it substantially enhances production capabilities and strengthens its competitive edge in the market. 'Jiangsu Teeyer's extensive global experience and technological expertise align perfectly with our growth strategy to meet rising demand for sustainable, high-quality building materials in Malaysia and beyond,' he said in a statement. Jiangsu Teeyer, listed on the Shanghai Stock Exchange, has a market capitalisation of approximately RM2.3 billion. The company is globally acclaimed for its expertise in AAC production systems. With over 35 years in the industry and having exported nearly 150 production lines to more than 20 countries, Jiangsu Teeyer is recognised for pioneering technological advancements, such as the MES system for precise production management and being the first Chinese company to localise AAC cutting machinery. Currently, Chin Hin's two existing AAC plants have a combined production capacity of approximately 1,200,000 cubic meters. With the addition of this third facility, the group's total AAC production capacity will rise to over 2,200,000 cubic meters annually, further consolidating its leadership in the building materials industry. Chin Hin continues its commitment to innovation and sustainable growth, reinforcing its leadership position in Malaysia's integrated building materials industry. This collaboration aligns with Chin Hin's ongoing efforts to invest in advanced manufacturing capabilities, driving operational efficiency, and responding to the increasing market demand for environmentally friendly construction materials.

China says approved 'certain number' of rare-earth export licences
China says approved 'certain number' of rare-earth export licences

Borneo Post

timean hour ago

  • Borneo Post

China says approved 'certain number' of rare-earth export licences

A photo taken in 2012 shows a rare earth refinery near Baotou, China. – AFP photo BEIJING (June 12): China said today it had issued a 'certain number' of licences to export rare earths after US President Donald Trump hailed this week's deal that would see the country provide the vital elements 'up front'. The economic superpowers said after talks in London that they had achieved progress in dialling down a brutal trade war that has roiled markets and threatened global supply chain chaos. A top priority for Washington has been ensuring supply of the rare earths essential for products including electric vehicles, hard drives and national defence equipment. China — which dominates global production of the elements — began requiring export licences in early April, a move widely viewed as a response to blistering tariffs imposed by Trump. The US president said Wednesday on social media that 'full magnets, and any necessary rare earths, will be supplied, up front, by China' as part of the deal, which was now 'done' — pending final approval by him and Chinese counterpart Xi Jinping. The commerce ministry in Beijing said today that 'China, as a responsible major country, fully takes into account the legitimate needs and concerns of all countries in the civilian sector' related to rare earths. 'It reviews export licence applications for rare earth-related items in accordance with laws and regulations,' spokesman He Yadong told a news conference, adding that a 'certain number of compliant applications have already been approved'. However, he declined to provide a specific number when asked how many licences had been approved by Beijing since talks between the two sides in Switzerland last month. 'We will continue to strengthen the approval process for compliant applications,' He added. – AFP China donald trump rare earth trade war us

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store