Latest news with #ASEANForeignMinisters'Retreat
The Sun
3 days ago
- Politics
- The Sun
Job scams a key issue under Malaysia's ASEAN Chairmanship
PUTRAJAYA: Malaysia, as ASEAN Chair in 2025, has pledged to take decisive action against transnational job scam syndicates, placing the issue at the forefront of its regional agenda. Malaysia's Foreign Ministry, Wisma Putra, in a statement on Friday said it takes the issue of job scam syndicates seriously. The ministry expressed its sincere appreciation to the Malaysia International Humanitarian Organisation (MHO) as well as other non-governmental organisations (NGOs) and members of the media, for their continued efforts in drawing attention to the plight of Malaysians who have fallen victim to job scam syndicates across the region. 'Malaysia remains fully committed to working closely with ASEAN counterparts and all relevant stakeholders, including civil society, to strengthen preventive measures, enhance regional collaboration, and ensure protection for all victims,' added the statement. The Foreign Ministry said it has taken concrete steps to raise the matter with fellow ASEAN Member States, including at the ASEAN Foreign Ministers' Retreat in Langkawi in January and the 29th ASEAN Political-Security Community (APSC) Council Meeting held in conjunction with the 46th ASEAN Summit earlier this week. At the ASEAN Foreign Ministers' Retreat held in Langkawi in January, ministers reaffirmed their joint commitment to addressing transnational crimes, including people smuggling, trafficking in persons, drug trafficking, cybercrime, money laundering, and the rising threat of online scams. During the 29th ASEAN Political-Security Community (APSC) Council Meeting, held in conjunction with the 46th ASEAN Summit, Malaysia stressed the urgent need for decisive regional action in tackling cross-border crimes. As a result, ASEAN ministers agreed to review the ASEAN Plan of Action to Combat Transnational Crime (2016-2025) to strengthen regional coordination and ensure that its successor documents address emerging and evolving criminal threats. In the 46th ASEAN Summit, ASEAN leaders also expressed strong determination to intensify cooperation under the ASEAN Ministerial Meeting on Transnational Crime (AMMTC), with an emphasis on law enforcement collaboration to combat online scams and trafficking in persons.
Barnama
3 days ago
- Politics
- Barnama
Job Scams A Key Issue Under Malaysia's ASEAN Chairmanship
PUTRAJAYA, May 30 (Bernama) -- Malaysia, as ASEAN Chair in 2025, has pledged to take decisive action against transnational job scam syndicates, placing the issue at the forefront of its regional agenda. Malaysia's Foreign Ministry, Wisma Putra, in a statement on Friday said it takes the issue of job scam syndicates seriously. The ministry expressed its sincere appreciation to the Malaysia International Humanitarian Organisation (MHO) as well as other non-governmental organisations (NGOs) and members of the media, for their continued efforts in drawing attention to the plight of Malaysians who have fallen victim to job scam syndicates across the region. 'Malaysia remains fully committed to working closely with ASEAN counterparts and all relevant stakeholders, including civil society, to strengthen preventive measures, enhance regional collaboration, and ensure protection for all victims,' added the statement. The Foreign Ministry said it has taken concrete steps to raise the matter with fellow ASEAN Member States, including at the ASEAN Foreign Ministers' Retreat in Langkawi in January and the 29th ASEAN Political-Security Community (APSC) Council Meeting held in conjunction with the 46th ASEAN Summit earlier this week. At the ASEAN Foreign Ministers' Retreat held in Langkawi in January, ministers reaffirmed their joint commitment to addressing transnational crimes, including people smuggling, trafficking in persons, drug trafficking, cybercrime, money laundering, and the rising threat of online scams. During the 29th ASEAN Political-Security Community (APSC) Council Meeting, held in conjunction with the 46th ASEAN Summit, Malaysia stressed the urgent need for decisive regional action in tackling cross-border crimes. As a result, ASEAN ministers agreed to review the ASEAN Plan of Action to Combat Transnational Crime (2016-2025) to strengthen regional coordination and ensure that its successor documents address emerging and evolving criminal threats. In the 46th ASEAN Summit, ASEAN leaders also expressed strong determination to intensify cooperation under the ASEAN Ministerial Meeting on Transnational Crime (AMMTC), with an emphasis on law enforcement collaboration to combat online scams and trafficking in persons.
&w=3840&q=100)
First Post
06-05-2025
- Business
- First Post
ASEAN Plus Three launches new lending facility to boost regional financial resilience
The new rapid financing facility will enable members to access emergency financing without conditions in case of financial crises arising from sudden shocks read more A man walks next to the ASEAN logo during the ASEAN Foreign Ministers' Retreat in Langkawi, Malaysia. File image/ Reuters Japan, China, South Korea and the 10 ASEAN countries agreed to enhance their regional financial safety net by launching a new lending facility aimed at swiftly responding to crises caused by pandemics and natural disasters. The finance leaders of the so-called ASEAN Plus Three group agreed at their meeting in Milan, Italy, on Sunday to establish the new facility under their currency swap arrangement known as the Chiang Mai Initiative Multilateralization (CMIM). The CMIM, created after the 1997-98 Asian financial crisis, is designed to support regional financial stability by allowing members to tap currency swap lines. STORY CONTINUES BELOW THIS AD The new rapid financing facility will enable members to access emergency financing without conditions in case of financial crises arising from sudden shocks. 'We believe that this new CMIM facility will enhance regional resilience,' the group said in a joint statement. The CMIM pool currently amounts to $240 billion in foreign exchange reserves, with Japan and China each contributing $76.8 billion, South Korea $38.4 billion and the 10 Association of Southeast Asian Nations members a combined $48 billion. The CMIM's two existing facilities - a crisis resolution instrument and a precautionary line - have never been utilised as members have turned to other resources with simpler decision-making processes such as bilateral swap lines.
Japan Today
05-05-2025
- Business
- Japan Today
Japan, China, South Korea, ASEAN enhance regional financial safety net
FILE PHOTO: A man walks next to the ASEAN logo during the ASEAN Foreign Ministers' Retreat in Langkawi, Malaysia, January 18, 2025. REUTERS/Hasnoor Hussain/File photo By Makiko Yamazaki Japan, China, South Korea and the 10 ASEAN countries agreed to enhance their regional financial safety net by launching a new lending facility aimed at swiftly responding to crises caused by pandemics and natural disasters. The finance leaders of the so-called ASEAN Plus Three group agreed at their meeting in Milan, Italy, on Sunday to establish the new facility under their currency swap arrangement known as the Chiang Mai Initiative Multilateralization (CMIM). The CMIM, created after the 1997-98 Asian financial crisis, is designed to support regional financial stability by allowing members to tap currency swap lines. The new rapid financing facility will enable members to access emergency financing without conditions in case of financial crises arising from sudden shocks. "We believe that this new CMIM facility will enhance regional resilience," the group said in a joint statement. The CMIM pool currently amounts to $240 billion in foreign exchange reserves, with Japan and China each contributing $76.8 billion, South Korea $38.4 billion and the 10 Association of Southeast Asian Nations members a combined $48 billion. The CMIM's two existing facilities - a crisis resolution instrument and a precautionary line - have never been utilised as members have turned to other resources with simpler decision-making processes such as bilateral swap lines. © Thomson Reuters 2025.
Straits Times
05-05-2025
- Business
- Straits Times
Japan, China, South Korea, ASEAN enhance regional financial safety net
FILE PHOTO: A man walks next to the ASEAN logo during the ASEAN Foreign Ministers' Retreat in Langkawi, Malaysia, January 18, 2025. REUTERS/Hasnoor Hussain/File photo Japan, China, South Korea and the 10 ASEAN countries agreed to enhance their regional financial safety net by launching a new lending facility aimed at swiftly responding to crises caused by pandemics and natural disasters. The finance leaders of the so-called ASEAN Plus Three group agreed at their meeting in Milan, Italy, on Sunday to establish the new facility under their currency swap arrangement known as the Chiang Mai Initiative Multilateralization (CMIM). The CMIM, created after the 1997-98 Asian financial crisis, is designed to support regional financial stability by allowing members to tap currency swap lines. The new rapid financing facility will enable members to access emergency financing without conditions in case of financial crises arising from sudden shocks. "We believe that this new CMIM facility will enhance regional resilience," the group said in a joint statement. The CMIM pool currently amounts to $240 billion in foreign exchange reserves, with Japan and China each contributing $76.8 billion, South Korea $38.4 billion and the 10 Association of Southeast Asian Nations members a combined $48 billion. The CMIM's two existing facilities - a crisis resolution instrument and a precautionary line - have never been utilised as members have turned to other resources with simpler decision-making processes such as bilateral swap lines. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
