Latest news with #AFM
New Straits Times
4 days ago
- Politics
- New Straits Times
Timor-Leste eyes October deadline
KUALA LUMPUR: Timor-Leste is confident that it can clear all hurdles in time to secure full Asean membership by October. Prime Minister Kay Rala Xanana Gusmão said the nation has fulfilled more than 80 per cent of the bloc's entry requirements and is racing to wrap up the remainder. Buoyed by strong support from Malaysia, particularly Asean chairman Datuk Seri Anwar Ibrahim, Gusmão said he is confident Timor-Leste will soon join as the regional bloc's 11th member. "I'm very confident because my friend and brother, Anwar Ibrahim, has given his full support. "I'm also confident because all the countries have said, 'Yes, you must do everything that is still needed to become a member.' "We have to begin fulfilling the remaining requirements. "The main challenge is completing all preparations. We can say that we've achieved more than 80 per cent. "Our immediate task is to send the laws to Parliament," he said. On Tuesday, Anwar announced that the bloc had agreed to accept Timor-Leste as a full member, pending the completion of legal requirements under the Asean Foreign Ministers (AFM) framework. Anwar said Asean will do "whatever is necessary" to ensure that Timor-Leste becomes the bloc's latest member by October. Timor-Leste, the youngest nation in Southeast Asia, has been pursuing full Asean membership since gaining independence in 2002. The country formally applied for membership in 2011. During the Asean Summit in Cambodia in 2022, Timor-Leste was admitted in principle as Asean's 11th member and granted observer status. STRONG POLITICAL WILL Gusmão said there is strong political will across Timor-Leste's leadership to see the membership process through. "Just yesterday, our parliamentary speaker attended the AIPA (Asean Inter-Parliamentary Assembly) meeting and has become aware of the steps required. "I believe that once she returns to Dili (Timor-Leste's capital), she will do everything she can to convince Parliament to approve the remaining laws." He said some of the legal instruments required for membership need to be ratified by Parliament. "As I understand it, certain laws must first be approved by Parliament, then sent to the president for promulgation, before final ratification. "That's why we are doing everything to become a full Asean member by October." He said Malaysia has been politically and technically supportive, helping Timor-Leste understand Asean's requirements and guiding the country through the membership process. He added that other member states have also offered assistance, including a personal assurance from Singaporean Prime Minister Lawrence Wong. CONTRIBUTING TO ASEAN Gusmão acknowledged that Timor-Leste, as a young nation, cannot expect to make immediate, significant contributions to Asean upon joining. He said participation will be an ongoing, year-by-year process. Timor-Leste, he said, plans to leverage its membership to boost its capabilities, particularly in human resource development. "At the Asean-GCC (Gulf Cooperation Council) China Summit, one of the issues that was brought up was people-to-people relations, human resource development and skills exchange. "We will seize the opportunity to learn more, for the benefit of our people. "We cannot immediately say that we can export something," he said. He said some areas Timor-Leste could leverage include agriculture, where the focus is on improving food security. "During the summit, everyone, including Cambodia, Vietnam, China, Kuwait, and the United Arab Emirates, talked about agriculture. "As a small, mountainous country facing climate change challenges, we face additional difficulties. If successful practices work elsewhere, we can adopt them to boost our ability to feed our people." He highlighted the importance of respecting the unique circumstances of each Asean nation and noted that understanding neighbours' cultures and ways of life is essential to building strong regional ties. A MEANINGFUL SUMMIT Asked for his views on the Asean Summit and its related meetings, he described the event as highly significant, especially due to the depth and value of the exchanges. "It was meaningful due to the openness and exchange of ideas. Anwar presented what Malaysia, as chairman, would do this year, and the theme was inclusivity and sustainability. "There were productive discussions on this, but it was even more meaningful because he also presented a draft of the Kuala Lumpur Declaration On Asean 2045. "It was wonderful, and it also pointed to more integration between countries in all areas, making it significant." He also described the summit between Asean, GCC and China as significant, as all parties had begun exploring ways to boost cooperation amid the challenging global environment. He said they also reaffirmed their commitment to international law and humanitarian rights, particularly for Palestinians in Gaza, during a time of uncertainty and tension. "The three parties expressed commitment to deepen cooperation in economic security, peace, political dialogue and human rights advocacy.
Yahoo
6 days ago
- Business
- Yahoo
All resolutions approved at the 2025 STMicroelectronics' Annual General Meeting of Shareholders
All resolutions approved at the 2025 STMicroelectronics' Annual General Meeting of Shareholders Amsterdam, May 28, 2025 - STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced the results related to the voting items of its 2025 Annual General Meeting of Shareholders (the '2025 AGM'), which was held today in Amsterdam, the Netherlands. All the resolutions were approved by the Shareholders: The adoption of the Company's statutory annual accounts for the year ended December 31, 2024, prepared in accordance with International Financial Reporting Standards (IFRS). The 2024 statutory annual accounts1 were filed with the Netherlands Authority for the Financial Markets (AFM) on March 27, 2025 and are posted on the Company's website ( and the AFM's website ( The distribution of a cash dividend of US$ 0.36 per outstanding share of the Company's common stock, to be distributed in quarterly installments of US$ 0.09 in each of the second, third and fourth quarters of 2025 and first quarter of 2026 to shareholders of record in the month of each quarterly payment as per the table below; The adoption of the remuneration for the members of the Supervisory Board; The appointment of Werner Lieberherr, as member of the Supervisory Board, for a three-year term expiring at the end of the 2028 AGM, in replacement of Ms. Janet Davidson whose mandate has expired at the end of the 2025 AGM; The appointment of Ms. Simonetta Acri, as member of the Supervisory Board, for a three-year term expiring at the end of the 2028 AGM in replacement of Ms. Donatella Sciuto whose mandate has expired at the end of the 2025 AGM; The reappointment of Ms. Anna de Pro Gonzalo, as member of the Supervisory Board, for a three-year term to expire at the end of the 2028 AGM; The reappointment of Ms. Hélène Vletter-van Dort, as member of the Supervisory Board, for a three-year term to expire at the end of the 2028 AGM; The appointment of PricewaterhouseCoopers Accountants N.V. as the Company's external auditor for the financial years 2026-2029; The appointment of PricewaterhouseCoopers Accountants N.V. to audit the Company's sustainability reporting for the financial years 2026-2027, to the extent required by law; The approval of the stock-based portion of the compensation of the President and CEO; The approval of the stock-based portion of the compensation of the Chief Financial Officer; The authorization to the Managing Board, until the conclusion of the 2026 AGM, to repurchase shares, subject to the approval of the Supervisory Board; The delegation to the Supervisory Board of the authority to issue new common shares, to grant rights to subscribe for such shares, and to limit and/or exclude existing shareholders' pre-emptive rights on common shares, until the end of the 2026 AGM; The discharge of the members of the Managing Board; and The discharge of the members of the Supervisory Board. The complete agenda and all relevant detailed information concerning the 2025 AGM, as well as all related AGM materials, are available on the Company's website ( and made available to shareholders in compliance with legal requirements. The draft minutes of the AGM will be posted on the General Meeting of Shareholders page of the Company's website ( within 30 days following the 2025 AGM. As for rule amendments from the Securities and Exchange Commission (SEC) and conforming FINRA rule changes, on US market the standard for settlement is the next business day after a trade or t+1. European settlement rule remains at t+2 for the time being. The table below summarizes the full schedule for the quarterly dividends: Transfer between New York and Dutch registered shares restricted: In Europe in NYSE Quarter Ex-dividend Date Record Date Payment Date Ex-dividend and Record Date Payment Date: on or after From End of Business in NY on: Until Open of Business in NY on: Q2 2025 23-Jun-25 24-Jun-25 25-Jun-25 24-Jun-25 1-Jul-25 20-Jun-25 25-Jun-25 Q3 2025 22-Sep-25 23-Sep-25 24-Sep-25 23-Sep-25 30-Sep-25 19-Sep-25 24-Sep-25 Q4 2025 15-Dec-25 16-Dec-25 17-Dec-25 16-Dec-25 23-Dec-25 12-Dec-25 17-Dec-25 Q1 2026 23-Mar-26 24-Mar-26 25-Mar-26 24-Mar-26 31-Mar-26 20-Mar-26 25-Mar-26 About STMicroelectronicsAt ST, we are 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of cloud-connected autonomous things. We are on track to be carbon neutral in all direct and indirect emissions (scopes 1 and 2), product transportation, business travel, and employee commuting emissions (our scope 3 focus), and to achieve our 100% renewable electricity sourcing goal by the end of 2027. Further information can be found at INVESTOR RELATIONSJérôme RamelEVP Corporate Development & Integrated External CommunicationTel: + MEDIA RELATIONSAlexis BretonCorporate External CommunicationsTel: + 1 The Annual Report includes the sustainability statement which is prepared based on the general principles of the Corporate Sustainability Reporting Directive (CSRD). Attachment C3340C - ST Press Release - All Resolutions adopted - 2025 AGM - FINAL FOR PUBLICATIONSign in to access your portfolio
![[UPDATED] Asean committed to Timor-Leste's full membership by October, says Anwar](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2FBN052607255_1748342634.jpg&w=3840&q=100)
New Straits Times
7 days ago
- Business
- New Straits Times
[UPDATED] Asean committed to Timor-Leste's full membership by October, says Anwar
KUALA LUMPUR: Asean will do whatever is necessary to ensure that Timor-Leste becomes the 11th member of the economic bloc by October this year. Prime Minister Datuk Seri Anwar Ibrahim said the bloc had agreed to accept Timor-Leste as a full member, pending the completion of necessary legal requirements under the Asean Foreign Ministers' (AFM) framework. "Timor-Leste was considered; they have been working hard, (but) there were parameters and pillars that need to be met, (including) political, economic, legal and they have tried very hard. "Malaysia, Indonesia and several other countries have assisted in many ways to help them meet the pre-conditions that were set for any entry into Asean, and I would say we are quite satisfied. "So the decision was clearly to agree that they would be accepted as a full member by the next session in October. "However, this is subject to one or two actions or reforms that must be undertaken, particularly to fulfil certain conditions under the economic pillar," he said. On Sunday, Foreign Minister Datuk Seri Mohamad Hasan said Timor-Leste must work "doubly hard" to secure full Asean membership, including adopting the necessary guidelines under the AFM framework related to Asean's legal instruments. While the regional bloc is eager to assist Timor-Leste, Mohamad said the country must also demonstrate its own commitment. He said that Malaysia, as this year's Asean chair, had proposed that Timor-Leste be admitted as the bloc's newest member despite not having fulfilled all 84 legal instruments required.
![[UPDATED] Timor-Leste's Asean entry gets full support from regional leaders](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2FASEAN_SUMMIT_2025_29ec58f5ed0b4c469b2de4ea9d332cd1_1748239050.jpg&w=3840&q=100)
New Straits Times
26-05-2025
- Politics
- New Straits Times
[UPDATED] Timor-Leste's Asean entry gets full support from regional leaders
KUALA LUMPUR: All Asean leaders are in support of Timor-Leste's accession to the regional bloc, says its Prime Minister Kay Rala Xanana Gusmão. Speaking to the media at the 46th Asean Summit, he expressed confidence that his country would be able to meet all the necessary criteria under the Asean legal framework. "We will try our best. We've already fulfilled many of the criteria, but there are still one, two, or three remaining. We will complete them before the end of the year," he said. When asked whether he was confident about meeting the requirements by October, the outgoing leader responded enthusiastically, "Yes!" "Because everyone supports us — everybody. It's incredible. "You know why? Because we are a small country, standing alone there," he added. Yesterday, Foreign Minister Datuk Seri Mohamad Hasan said Timor-Leste must work "doubly hard" to secure full Asean membership, including adopting the necessary guidelines under the Asean Foreign Ministers' (AFM) framework related to Asean's legal instruments. While the regional bloc is eager to assist Timor-Leste, Mohamad said that the country must also demonstrate its own commitment. He said that Malaysia, as this year's Asean chair, had proposed that Timor-Leste be admitted as the bloc's newest member despite not having fulfilled all 84 legal instruments required. Mohamad added that Malaysia viewed Timor-Leste's inclusion as significant and believes the country should be given several years to fully comply with the legal obligations for membership.
![[UPDATED] Mohamad: Asean supportive, but Timor-Leste must show commitment](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2FASEAN_SUMMIT_2025_4390f12d6dfb40c0a76c3e875564fa21_1748162813.jpg&w=3840&q=100)
New Straits Times
25-05-2025
- Business
- New Straits Times
[UPDATED] Mohamad: Asean supportive, but Timor-Leste must show commitment
KUALA LUMPUR: Timor-Leste must work "doubly hard" to secure full membership in Asean, including adopting the necessary guidelines related to Asean legal instruments under the Asean Foreign Ministers' (AFM) framework. Foreign Minister Datuk Seri Mohamad Hasan said that while the economic bloc is keen to assist Timor-Leste, the country must also demonstrate its own commitment. "We will do our best to facilitate Timor-Leste's accession, because the majority of us (in Asean) want to see the country as part of the family. Now, Timor-Leste must work hard to fulfil and comply with the instruments (under the AFM framework), and we will try our best to assist them," he said. Mohamad said Malaysia, as Asean Chairman, has proposed that Timor-Leste be admitted into the economic bloc as its newest member this year, despite the country not yet having fulfilled all 84 of the bloc's legal instruments. He said Malaysia sees it as important for Timor-Leste to become part of the Asean family, and that the country should be given several years to meet all the legal instruments required for full compliance. "There are still many legal instruments that Timor-Leste must adopt, and from what we have seen, the number has been reduced from 84 to 66 — most of which fall under the purview of the Asean Economic Community Council. "At the same time, we are also exploring proposals that, if full compliance is not yet possible, Timor-Leste could be allowed to join first with a timeline set to fulfil the remaining conditions later," he said. He also said Asean will now begin undertaking their respective domestic legal procedures with the aim of finalising Timor-Leste's accession process by the 47th Asean Summit and Related Summits in October 2025. This, he said, follows the adoption of the Addendum to the Southeast Asia Nuclear Weapon-Free Zone (SEANWFZ) Treaty and its deposit with Thailand as the Depositary State. Meanwhile, asked about claims that the Philippines was blocking Timor-Leste's accession to Asean, Mohamad briefly said such claims were merely rumours. "Do not listen to rumours — there is no truth to it."
