Latest news with #AseanLeaders'Summit
Sinar Daily
26-05-2025
- Business
- Sinar Daily
Philippines Marcos replaces foreign minister in reshuffle
The announcement came a day after Marcos called on all of his cabinet secretaries to resign in a "bold reset" of his administration. 26 May 2025 01:50pm Philippines' President Ferdinand Marcos Jr attends the plenary session at the 46th Asean Summit in Kuala Lumpur on May 26, 2025. - (Photo by Jam STA ROSA / AFP) MANILA - Philippine President Ferdinand Marcos has replaced his foreign minister but kept his economic team, a senior official said Friday. The announcement came a day after Marcos called on all of his cabinet secretaries to resign in a "bold reset" of his administration. Department of Foreign Affairs Secretary Enrique Manalo will be replaced by Undersecretary Theresa Lazaro effective July 31, according to a palace briefing. Manalo will instead be appointed as the Philippines' permanent representative to the United Nations. Analysts told AFP on Thursday that the cabinet revamp was aimed at reviving popularity after Marcos' party saw disappointing mid-term election results. "I'm not calling it a 'purge', it is a cleansing... More action will be coming," Executive Secretary Lucas Bersamin said at the briefing. The outgoing foreign minister will still accompany Marcos to the Asean Leaders' Summit in Malaysia next week. The cabinet shuffle will also see the environment secretary replaced by the energy secretary, but other posts are still undergoing "more careful evaluations", Bersamin said. Marcos meanwhile plans to keep his secretaries of finance, trade, budget and economic planning. "The president decided to retain these five members of the economic team so that there will be no more problems of perception about where the country is going," Bersamin added. - AFP
The Star
23-05-2025
- Business
- The Star
Philippines Marcos replaces foreign minister in reshuffle but keeps his economics team intact
MANILA (AFP): Philippine President Ferdinand Marcos has replaced his foreign minister but kept his economic team, a senior official said Friday. The announcement came a day after Marcos called on all of his cabinet secretaries to resign in a "bold reset" of his administration. Department of Foreign Affairs Secretary Enrique Manalo will be replaced by Undersecretary Theresa Lazaro effective July 31, according to a palace briefing. Manalo will instead be appointed as the Philippines' permanent representative to the United Nations. Analysts told AFP on Thursday that the cabinet revamp was aimed at reviving popularity after Marcos' party saw disappointing mid-term election results. "I'm not calling it a 'purge', it is a cleansing... More action will be coming," Executive Secretary Lucas Bersamin said at the briefing. The outgoing foreign minister will still accompany Marcos to the Asean Leaders' Summit in Malaysia next week. The cabinet shuffle will also see the environment secretary replaced by the energy secretary, but other posts are still undergoing "more careful evaluations", Bersamin said. Marcos meanwhile plans to keep his secretaries of finance, trade, budget and economic planning. "The president decided to retain these five members of the economic team so that there will be no more problems of perception about where the country is going," Bersamin added. - AFP
The Star
09-05-2025
- Business
- The Star
Thai PM says that joint Cabinet meeting planned at Thailand-Malaysia border
BANGKOK (Bernama): Thai Prime Minister Paetongtarn Shinawatra and Malaysian Prime Minister Datuk Seri Anwar Ibrahim have agreed to hold a joint Cabinet meeting later this year at the Sadao-Bukit Kayu Hitam border area. Paetongtarn, in a post on her official X account, said the matter was discussed during a phone conversation with Anwar on Thursday to address issues of mutual interest and concern between the two countries. "We agreed to attend the opening of the new transborder road linking the new Sadao-Bukit Kayu Hitam checkpoints and to hold a joint Cabinet meeting there later this year,' she said. Paetongtarn said Thailand and Malaysia reaffirmed the importance of ending violence in Thailand's southern border provinces and strengthening collaboration to jointly develop the border areas of both sides. Paetongtarn said they also discussed ways to strengthen Asean cooperation amid global challenges in trade, as well as to provide humanitarian assistance and support efforts to restore peace in Myanmar. "I will continue discussions with Prime Minister Anwar during the Asean Leaders' Summit later this month in Kuala Lumpur," she added. Anwar paid a two-day working visit to Thailand last month, during which he met with Paetongtarn to enhance bilateral relations and cooperation on cross-border infrastructure projects, particularly in southern Thailand. During the visit, both prime ministers witnessed the signing of a Memorandum of Understanding (MoU) on the Construction Agreement (CA) for the Rantau Panjang - Sungai Kolok Bridge Project. In 2024, Thailand ranked as Malaysia's seventh-largest trading partner globally and the third-largest among Asean member countries, with trade valued at US$25.03 billion (RM114.56 billion). Between January and February 2025, bilateral trade amounted to US$3.96 billion (RM17.65 billion), an increase from US$3.67 billion (RM16.80 billion) recorded during the same period in 2024. - Bernama
New Straits Times
09-05-2025
- Business
- New Straits Times
Anwar, Paetongtarn plan joint cabinet meeting at Malaysia-Thailand border this year
BANGKOK: Prime Minister Datuk Seri Anwar Ibrahim and his Thai counterpart, Prime Minister Paetongtarn Shinawatra, have agreed to hold a joint Cabinet meeting later this year at the Sadao-Bukit Kayu Hitam border area. Paetongtarn, in a post on her official X account, said the matter was discussed during a phone conversation with Anwar on Thursday to address issues of mutual interest and concern between the two countries. "We agreed to attend the opening of the new transborder road linking the new Sadao-Bukit Kayu Hitam checkpoints and to hold a joint Cabinet meeting there later this year," she said. Paetongtarn said Thailand and Malaysia reaffirmed the importance of ending violence in Thailand's southern border provinces and strengthening collaboration to jointly develop the border areas of both sides. Paetongtarn said they also discussed ways to strengthen Asean cooperation amid global challenges in trade, as well as to provide humanitarian assistance and support efforts to restore peace in Myanmar. "I will continue discussions with Prime Minister Anwar during the Asean Leaders' Summit later this month in Kuala Lumpur," she added. Anwar paid a two-day working visit to Thailand last month, during which he met with Paetongtarn to enhance bilateral relations and cooperation on cross-border infrastructure projects, particularly in southern Thailand. During the visit, both prime ministers witnessed the signing of a Memorandum of Understanding (MoU) on the Construction Agreement (CA) for the Rantau Panjang - Sungai Kolok Bridge Project. In 2024, Thailand ranked as Malaysia's seventh-largest trading partner globally and the third-largest among Asean member countries, with trade valued at US$25.03 billion (RM114.56 billion). Between January and February 2025, bilateral trade amounted to US$3.96 billion (RM17.65 billion), an increase from US$3.67 billion (RM16.80 billion) recorded during the same period in 2024. – BERNAMA
New Straits Times
06-05-2025
- Business
- New Straits Times
IPO reforms among 12 proposals Asean-BAC to present at May Summit
KUALA LUMPUR: The Asean Business Advisory Council (Asean-BAC) is set to present its 12 strategic initiatives, including the Asean Business Entity (ABE) framework to Asean leaders at the end of May. Asean-BAC chairman Tan Sri Nazir Razak said the council meeting will coincide with the Asean Leaders' Summit, scheduled for May 26 and 27. "There will be an Asean-BAC Council meeting, and at the same time, an Asean Leaders' Summit. We will be presenting these initiatives, as well as various reports we have prepared," he said during a media briefing here today,. He said the council has already briefed Asean economic ministers, finance ministers and the respective governments. "I think the proposal was very welcomed. I think that it was good that there were comments and I always worry that people won't comment. "We had some good constructive comments from them and we will also be discussing with the Asean secretariat at the same time. "So when we present to Asean leaders, we will be able to get direct comments from them," he added. Nazir said each workstream will follow its own timeline and outcome this year, with reports such as the Asean Philanthropy Framework and private markets projects to be submitted to the leaders. "We expect that the leaders will review them with their teams, and if they find value in the proposals, they may proceed to implement them within their respective countries. "On the other hand, initiatives like the Asean initial public offering prospectus and the ABE framework require policy changes in each member country. If the leaders approve, we hope their respective ministries will begin the necessary work," he said. Nazir said the council is particularly focused on the ABE framework, which proposes a new regional business category to give companies more operational flexibility across Asean.
