Latest news with #AMM
Associated Press
2 hours ago
- Business
- Associated Press
Bayes Market Launches New Social Prediction Platform, Transforming Human Insight into Tradable Asset
HONG KONG, July 21, 2025 /PRNewswire/ -- Bayes Labs team announces the official launch of Bayes Market, a next‑generation global prediction market based in Asia. Bayes Market converts future events into structured financial contracts, offering professionals and mass population a groundbreaking tool to hedge and trade. In an era marked by AI, deglobalization, and geopolitical uncertainty, Bayes Market opens a fresh arena beyond traditional asset—a platform where insights about the future can be priced, traded, and monetized. Trading on Probability, Filling Gaps in Traditional Finance Bayes Market operates as a prediction market not relying on a single underlying asset, but around information. Users of prediction market trade on probabilities of events from geopolitics, climate to K-pop group comebacks base on their own believes. Each contract's price reflects the market's collective assessment of an event's probability. Instead of forcing investors to hedge indirectly via ETFs or options, Bayes Market offers a direct hedge on the event itself, addressing a critical blind spot. Users can turn tomorrow's uncertainty into today's actionable trade, in a granular way. Asian Dynamic Meets AMM Bayes Market employs an Automated Market Maker (AMM) to deliver low‑slippage, high‑transparency trading experience. At the same time, the platform focuses on long‑tail events, making prediction approachable, diverse, and culturally relevant especially in Asia. The team believes that everyone should be able to trade and create events that of their own interest. Bayes Market covers entertainment, pop culture, and social issues beyond macroeconomics and politics, embedding prediction in our daily lives. This unlocks the mass market adoption beyond crypto users. Decentralized Market Creation Bayes Market will soon let users initiate their own prediction events, whether it is a dating reality show or inflation. This challenges the existing paradigm where centralized institutions define tradable markets, turning prediction markets into a grassroots catalyst of shared reality. Stay tuned for Bayes Market's next version update. An Ecosystem for a 'Cognition‑as‑Value' Market Economy Bayes Market is now officially launched, supporting Bayes Points and USDC, with Points incentive programs. The platform invites data providers, content platforms, communities, and Web3 innovators to co‑create an ecosystem where cognition itself becomes a new type of value. About Bayes Market Bayes Market is founded by a cross‑disciplinary team specializing in market design, digital media, algorithmic modeling, and decentralized finance, dedicated to building a fairer and smarter information market. Official Website: Contact: Chengcai Ji, [email protected] View original content to download multimedia: SOURCE Bayes Labs
New Straits Times
21 hours ago
- Politics
- New Straits Times
Malaysia reaffirms support for Palestine, to push for UN Charter reform
KUALA LUMPUR: Malaysia will continue its unwavering support for the Palestinian cause and condemn the Israeli regime's actions, despite not receiving a firm commitment from the United States. Foreign Minister Datuk Seri Mohamad Hasan said despite receiving what he described as "various reasons" from US Secretary of State Marco Rubio during a recent meeting on the sidelines of the 58th Asean Foreign Ministers' Meeting (AMM), Malaysia would not waver from its long-standing support for the Palestinian struggle. He also said Malaysia would not back down from voicing its stance at international platforms such as Asean, BRICS, G20, OIC, and in bilateral meetings. "During my recent meeting with Secretary Rubio, I asked him why we cannot put an end to this war, because we know that one of the powers capable of doing so is the US, as a strong ally of the Israeli regime. "I posed the question to him, and while he gave various reasons, we will persist in our efforts. "Our support for the Palestinian struggle is a core principle and aligns with Malaysia's long-standing position. We will not waver on this," he said during the question-and-answer session in Dewan Rakyat today. Mohamad said this in response to Syed Ibrahim Syed Noh (PH-Ledang), who enquired about international platforms or specific diplomatic initiatives that Malaysia will use to address the humanitarian crisis in Gaza and to support a peaceful resolution to the conflict involving Israel, including tensions between Israel and Iran. Mohamad also pointed out the shifting sentiments within the international community, noting that countries which had initially supported Israel's actions, particularly in the immediate aftermath of the Oct 7 incident, have begun to reconsider their stance. "Many of them once justified Israel's actions under the pretext of self-defence, but we questioned how killing women and children could ever be considered as such. "Thankfully, several countries, including Europe, Japan and Asean dialogue partners, have since acknowledged that the Israeli regime has gone too far, and are calling for the war in Gaza to end." Meanwhile, Mohamad said Asean alongside its dialogue partners, are calling for an amendment to the United Nations (UN) Charter to prevent the five permanent members of the UN Security Council (UNSC) from using their veto power arbitrarily, especially in cases involving crimes against humanity, genocide, or the destruction of civilian infrastructure. "Recently, during the AMM, Malaysia and Japan co-chaired a session on ways to continue extending support and assistance, as well as formulating a roadmap for us to bring to the UN General Assembly (UNGA) and the UNSC. "Although we received majority support at the UNGA for our resolution to establish an independent Palestinian state, it was vetoed by one of the five permanent members of the UN. "This is why we are now calling for an amendment and it is an ongoing effort, which we hope to garner widespread support from the international community as we prepare to bring this matter to the UNGA this September." He added that there is now a growing consensus to revive the two-state solution, allowing Palestinians to establish an independent and self-governing state, but securing US support remains crucial. "I also told them (the US) that they are the ones holding the keys, and the war can be stopped tomorrow if you want, but they keep shifting the goalposts.
The Star
a day ago
- Business
- The Star
US tariffs won't harm ties, says Rubio
KUALA LUMPUR: The slew of tariffs announced by the United States will not backfire, nor will it strain ties between Asean and the United States, says Secretary of State Marco Rubio. He said this is because tariffs are being applied on a global scale and not focused on a specific region or country. Rubio also said he is confident that some countries will be able to get lower tariff rates. 'There is a possibility that before Aug 1, we will reach an arrangement with certain countries that changes those numbers in a positive way. 'That takes time to work on so it can happen,' said Rubio when met at the sidelines of the 58th Asean Foreign Ministers' Meeting (AMM) and Related Meetings. Rubio pointed out that for years, the United States had built up an enormous trade deficit with many countries and regions like Europe, Canada and Mexico. 'The trade deficit that the United States is running with other countries is just unsustainable. We have to address this and that's what the President is doing.' Rubio reiterated that the tariffs are to take effect on Aug 1 as 'markets need certainty'. On Monday, the United States announced it will impose a higher 25% tariff on all Malaysian products exported to the United States effective Aug 1. The figure is 1% point higher than the tariff previously announced in April. On another matter, Rubio said President Donald Trump is set to visit China and both sides are working to conclude a mutually agreeable date. He said the official invitation was extended by Chinese President Xi Jinping in an hour-long meeting that took place between him and his Chinese counterpart, Wang Yi yesterday. 'It is a visit he (Trump) wants to undertake. So, we are working on finding a right time for that. 'I'm sure it will happen, because both presidents want it to happen,' he said. This is the first in-person session between the two and speculation is rife that it could be a possible prelude to a presidential summit between Xi and Trump. Rubio described his meeting with Wang as positive, saying that the United States and China need to have regular engagements and communications. He also said the United States is interested in tackling scams in Asean as they are harming not just Americans but also residents in the region. 'We hope to have some deliverables on that and for a positive and productive (Asean) meeting in October,' he said.
The Star
2 days ago
- Politics
- The Star
An American ‘insult' to Malaysia
WHEN news broke that American social influencer Nick Adams will be the next ambassador to Malaysia, it coincided with the last day of the 58th Asean Ministerial Meeting (AMM) and Related Meetings. To say that it was 'surprising' is an immediate reaction in and outside of the meeting rooms at Kuala Lumpur Convention Centre on that day is best summed up as dismay. Adams created a lot of buzz not just in Malaysia. Even certain Singapore media organisations were more interested in stories on this naturalised American that they almost forgot the cringeworthy display of ignorance of the American ambassador nominee to Singapore during the US Senate confirmation hearing recently, as seen in the viral video clip of political appointee Dr Anjani Sinha struggling to answer questions from Senator Tammy Duckworth on Singapore and Asean. It does come as a surprise how limited is his knowledge about Singapore, one of US close allies in the region. Well at least he told Duckworth he is aware that Malaysia is the Asean chair this year. When US President Donald Trump announced Adams's nomination, more details surfaced about him, thanks to his social media accounts. It was widely reported that through his X handle @NickAdams, he stated: 'If you don't stand with Israel, you stand with terrorists!' We hear you loud and clear Mr Adams! Malaysian politicians were swift in their reactions, asking the Malaysian government to reject Adams as the US ambassador. The PKR Youth International Relations Bureau chief Arief Izuadin said that the appointment of Adams is viewed with deep concern as his background is closely associated with extremist ideologies and divisive rhetoric in contrast to the values upheld by the Malaysian government and its people. 'Such a rejection should not be misconstrued as hostility but rather seen as a necessary measure to safeguard the integrity of bilateral relations and ensure that diplomatic envoys can contribute constructively, in a manner aligned with the shared aspirations of both nations,' said Arief. On Friday, a group of PKR Youth members protested outside the US embassy and submitted a formal memorandum of protest. Selangor PAS Youth Chief Mohamed Sukri Omar said the government should uphold the dignity of a nation that consistently advocates humanitarian issues, especially Palestine. 'Nick Adams is not just a controversial figure. He openly spreads hatred towards Islam and supports the Zionist colonial regime without consideration,' he said. However, a senior Malaysian official described reaction from certain parties as 'being emotional rather than thinking rationally on this nomination.' 'He has to go through the Senate hearing first. Let's wait,' said the official. Adams's nomination was announced by Trump as US Secretary of State Marco Rubio was in Kuala Lumpur to meet his counterparts from the Asean region. It was the several firsts for Rubio including the first Secretary of State's visit to Asia under Trump's 2.0 administration and his first time meeting with Chinese Foreign Minister Wang Yi who was also at the Asean gathering. Unlike what we see on TV, Rubio came off as a much friendlier person, feeling at ease taking impromptu questions from the media. 'His body language was friendly during official meetings unlike some of those in his delegation. He was professional in exchanging views and came off as a warm person,' said one official. When asked why Adams was the right person to be nominated, Rubio replied: 'The President makes those nominations. I support the nomination. He went through our process of the Presidential Personnel Office and we look forward to the Senate confirming him so he can get here (in Kuala Lumpur) and be part of our team.' The writer says Rubio (left) came off as a much friendlier person as seen in this picture with Foreign Minister Datuk Seri Mohamad Hasan, feeling at ease taking impromptu questions from the media during the 58th ASEAN Foreign ministers meeting. — Photo courtesy of Mohamad Hasan's Facebook page Trump's political appointee to Malaysia raises the question of the value of the bilateral relationship between Malaysia and the United States. Malaysia considers itself as an important partner to the US in many areas but when a controversial figure like Adams is being considered, we can't help but to ask why? Indian-born Dr Sinha, as expected, in his statement at the Senate confirmation hearing gave a long list of promises of what he intends to do while in Singapore. Although no hearing date has been set for Adams, I am quite sure many Malaysians will be interested to listen to what Adams knows about our country and more importantly if he would face similar grilling by the Senate members and give convincing replies. We do not judge the person on where he likes to eat his steak or that he extols the virtues of American Greatness but Malaysia does not tolerate anybody who supports Zionism and is anti-Palestine. Malaysia and the US for the longest time have been at odds on the issue of Palestine. Sending someone with such a track record is clearly showing disrespect to Malaysia. Does this nominee understand the culture and perspective of the country he has been assigned to or will he end up lecturing Malaysia on its policies? But what if Adams is posted to Malaysia once he is confirmed, can Malaysia say no? Communications Minister Datuk Fahmi Fadzil when asked whether Malaysia has the right to reject Adams's appointment said: 'In diplomacy, there is a concept known as 'agrément', where the host country must first accept the nominee. The same applies in reverse – when Malaysia appoints its envoys abroad, approval from the host nation is also required.' Malaysia's political nominees have been rejected by the host government in the past. Datuk Seri Nazri Aziz's nomination was rejected by the Swiss government simply because he was still a serving Member of Parliament. But he later went to Washington DC for a two-year term as the ambassador. Sometimes, a foreign government can sit on the 'agrément', a subtle indication the nominee is not accepted. Yes, we have every right to reject but if Malaysia takes such an action, there may be consequences. But it will be heroic if the government dares to say no, not just to Malaysians but many people outside the country.
Barnama
4 days ago
- Politics
- Barnama
Switzerland Deepens Asean Ties Ahead Of 10th Anniversary Of Sectoral Dialogue Partnership
KUALA LUMPUR, July 10 -- Federal Department of Foreign Affairs of Switzerland, Ignazio Cassis speaks during the Trilateral Meeting between Malaysia, Switzerland, and the ASEAN Secretariat in conjunction with the 58th ASEAN Foreign Ministers' Meeting (AMM) and related meetings today. -- fotoBERNAMA (2025) By Maizatul Jamny Muhammad Rosli KUALA LUMPUR, July 18 (Bernama) -- As ASEAN and Switzerland mark a decade of their sectoral dialogue partnership next year, both sides have reaffirmed their commitment to deepening cooperation in areas where Switzerland offers distinct value and expertise. Ignazio Cassis, Head of the Federal Department of Foreign Affairs of Switzerland, said that the country is strengthening its strategic engagement with Southeast Asia through enhanced economic partnerships, multilateral cooperation, and sustained support for peace and development in the region. bootstrap slideshow Switzerland became an ASEAN Sectoral Dialogue Partner in 2016. Building on this foundation, Switzerland has recently been taking a more strategic approach by releasing its first-ever Southeast Asia strategy in 2023 and, most recently, the Asia G20 strategy. In both, ASEAN is considered a key regional actor. 'We are pleased with this partnership and the achievements we have accomplished together. Looking ahead, we remain committed to nurturing this valuable partnership in those areas where Switzerland can bring added value,' Cassis told Bernama. At the same time, Cassis said Switzerland has reaffirmed its global role as a neutral mediator in promoting peace and stability, including in Southeast Asia, by leveraging its long-standing tradition of dialogue and diplomacy to become a trusted bridge-builder in complex geopolitical situations. He said the country's commitment was further underscored by its first-ever term as a non-permanent member of the United Nations Security Council for 2023-2024. Switzerland made meaningful contributions during this time of significant global tensions. 'We focused on key priorities: protecting civilians, building sustainable peace, addressing climate-related security risks, and enhancing the Council's effectiveness,' he said, adding that the outcomes are expected to have an impact beyond this tenure.
