Latest news with #16thIMT-GTSummit
Barnama
7 days ago
- Business
- Barnama
IMT-GT Summit: Anwar Thanks Thai PM For Support On Border Projects
Prime Minister Datuk Seri Anwar Ibrahim (centre) poses for a group photo with ASEAN Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) leaders during the 16th IMT-GT Summit, held in conjunction with the 46th ASEAN Summit at the Kuala Lumpur Convention Centre. Also present are Thai Prime Minister Paetongtarn Shinawatra (third, right), Indonesia's Coordinating Minister for Economic Affairs Airlangga Hartarto (left), Malaysia's Minister of Economy Datuk Seri Rafizi Ramli (second from right), and Thailand's Deputy Minister of Finance Julapun Amornvivat (right). KUALA LUMPUR, May 27 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim has thanked the Thai government for facilitating the clearance of several border projects, including the Rantau Panjang-Sungai Golok bridge, which are progressing well. Anwar made the remarks to Thai Prime Minister Paetongtarn Shinawatra during the opening of the 16th Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) Summit at the Kuala Lumpur Convention Centre here today. 'Thank you again, specifically to Thailand, because Prime Minister Paetongtarn was fast in ensuring the clearance of the few projects in the border, including the Rantau Panjang and Sungai Golok bridge, and this is going fine,' he said. During his official visit to Thailand in April, Anwar witnessed the signing of a Memorandum of Understanding on the Construction Agreement for the Rantau Panjang–Sungai Golok Bridge Project. The project is expected to significantly enhance connectivity, trade and relations between the two nations. On the 16th IMT-GT Summit, Anwar said his focus was on driving economic transformation, particularly through enhancing cross-border connectivity, tourism, the halal sector, agro-industries and strengthening micro, small and medium enterprises (SMEs) across the sub-region. 'We are focusing on climate change, which has impacted life and livelihoods across the sub-region. On infrastructure, we stand behind nearly USD39 billion worth of physical connectivity projects across our three countries. 'Thank you very much to the ministers themselves who have done their work to prepare for this session,' he said. The summit was also attended by Indonesia's Coordinating Minister for Economic Affairs, Airlangga Hartarto, ASEAN secretary-general Dr Kao Kim Hourn, Asian Development Bank president Masato Kanda and Economy Minister Datuk Seri Rafizi Ramli.
Malaysian Reserve
27-05-2025
- Business
- Malaysian Reserve
Malaysia, Indonesia, Thailand commit to US$39b in infrastructure projects
By HIDAYATH HISHAM MALAYSIA, Indonesia and Thailand have announced US$39 billion (RM165.3 billion) worth of infrastructure and physical connectivity projects under the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT), aimed at driving regional development. Prime Minister Datuk Seri Anwar Ibrahim said the large-scale investments reflect a shared commitment by the three countries to deliver inclusive and sustainable economic transformation. 'Infrastructure, with US$39 billion worth of physical and connectivity projects across our three countries,' he said during the 16th IMT-GT Summit at the Kuala Lumpur Convention Centre (KLCC) on May 27. The initiative focuses on cross-border development in sectors such as tourism, halal products, agro-industry and micro, small and medium enterprises (MSMEs). Anwar added that climate change remains a core concern, as it continues to affect the livelihoods and well-being of communities across the subregion. He also thanked Thailand for taking swift steps to approve key border projects, including the Rantau Panjang crossing and the Golok River bridge, which are now progressing smoothly. Earlier in the session, the three countries signed the IMT-GT Framework of Cooperation on Customs, Immigration and Quarantine (FOC CIQ). The agreement was signed by Economy Minister Datuk Seri Rafizi Ramli, Indonesia's Coordinating Minister for Economic Affairs Airlangga Hartarto, and Thailand's Deputy Finance Minister Julapan Amornvivat.
Barnama
27-05-2025
- Business
- Barnama
16th IMT-GT Summit: Leaders Reaffirm Push For Integrated Trade, Investment
Prime Minister Datuk Seri Anwar Ibrahim (centre) poses for a group photo with ASEAN Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) leaders during the 16th IMT-GT Summit, held in conjunction with the 46th ASEAN Summit at the Kuala Lumpur Convention Centre. Also present are Thai Prime Minister Paetongtarn Shinawatra (third, right), Indonesia's Coordinating Minister for Economic Affairs Airlangga Hartarto (left), Malaysia's Minister of Economy Datuk Seri Rafizi Ramli (second from right), and Thailand's Deputy Minister of Finance Julapun Amornvivat (right). KUALA LUMPUR, May 27 (Bernama) -- Malaysia, Indonesia and Thailand today reaffirmed their collective commitment to advancing integrated subregional trade and production networks by streamlining trade facilitation and boosting investment across the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT). One of the commitment was the signing of the Framework of Cooperation (FoC) in Customs, Immigration and Quarantine Procedures (CIQ), marking a key step towards facilitating cross-border movement of goods and people in the subregion. 'We reaffirm the commitment to advancing integrated subregional trade and production networks by streamlining trade facilitation and promoting investment. 'We welcome the signing of the FoC in CIQ and look forward to its implementation to facilitate cross-border movement of goods and people in the subregion,' according to a joint statement released after the 16th IMT-GT Summit, here today. Chaired by Prime Minister Datuk Seri Anwar Ibrahim, the summit emphasised the importance of strengthening collaboration between the IMT-GT Working Group on Trade and Investment Facilitation (WGTI), private sector players and local governments. Earlier, the framework was signed by Indonesia's Coordinating Minister for Economic Affairs Airlangga Hartarto, Malaysia's Minister of Economy Datuk Seri Rafizi Ramli and Thailand's Deputy Minister of Finance Julapun Amornvivat, at the same venue, today. According to the statement, the significant growth in subregional trade, which increased from US$367.9 billion in 2019 to US$659.7 billion in 2023, demonstrated the robust and dynamic economic activity within the subregion. 'Similarly, total investment saw a substantial rise, growing from US$25.1 billion to US$48.1 billion over the same period, surpassing pre-pandemic figures. 'This progress reflects the resilience of the subregional economy, validating our strong commitment in advancing economic recovery through cooperation,' it said.
The Star
27-05-2025
- Business
- The Star
IMT-GT advancing with over RM165bil in projects, says Anwar
KUALA LUMPUR: The Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) is advancing with US$39bil (RM165.32bil) in infrastructure and connectivity projects, says Datuk Seri Anwar Ibrahim. The Prime Minister stated that leaders are also committed to enhancing economic transformation, climate resilience, and cross-border development. Anwar, who chaired the 16th IMT-GT Summit, said the focus would be on strengthening micro, small, and medium enterprises (MSMEs), tourism, halal sectors, agro-industries, and improving cross-border linkages. 'We are grateful to Thailand, especially for the swift action in clearing several border projects, including the Rantau Panjang-Sungai Golok bridge. These developments are moving well,' he said. Anwar emphasised the urgent need to address climate change, which he noted has already impacted lives and livelihoods in the sub-region. He thanked the ministers for their groundwork in preparing the summit discussions. Anwar also congratulated Masato Kanda on his appointment as President of the Asian Development Bank (ADB), welcoming continued support under his leadership. Also present were Thailand's Prime Minister Paetongtarn Shinawatra and Indonesia's Coordinating Minister for Economic Affairs, Airlangga Hartarto. The summit included a presentation by Economy Minister Datuk Seri Rafizi Ramli on enhancing sub-regional cooperation to address global challenges. Earlier, a signing ceremony for the IMT-GT Framework of Cooperation in Customs, Immigration, and Quarantine (FOC CIQ) was held. This marks a significant step forward in regional integration. The agreement underscores a shared commitment to seamless connectivity, improved trade flows, and more efficient cross-border travel. The framework was signed by Economy Minister Datuk Seri Rafizi Ramli, Indonesia's Coordinating Minister for Economic Affairs Airlangga Hartarto, and Thailand's Deputy Finance Minister Julapan Amornvivat.
