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Regional bloc ASEAN said it is "deeply concerned" about a recent upsurge in fighting in Myanmar, after fierce clashes over a key trading hub on the Thai border.
The Myanmar military authorities say their seizure of power should not be called a coup. (File)Bandar Seri Begawan- The Brunei diplomat appointed by a Southeast Asian regional bloc as its special envoy to Myanmar said on Saturday he is still negotiating with the military on the terms of a visit and has sought access to
Malaysia’s trade performance for the first quarter of 2024 continued its upward trajectory, recording a 7.1% year-on-year (y-o-y) growth to RM690.6bil, with a RM34.2bil surplus, says the Investment, Trade and Industry Ministry (Miti).
Philippine President Ferdinand Marcos Jr. highlighted the significance of a cooperation agreement between the Philippines, the United States, and Japan, stating that it would change the dynamic in the South China Sea and the region. The agreement, following the first trilateral summit between the nations, aimed to deepen economic and security relations without targeting any specific country. Despite recent tensions with China over the South China Sea, Marcos emphasized that the summit's focus was on enhancing cooperation rather than confrontation.
India is reviewing its trade pact with Asean to address anomalies like the inverted duty structure disadvantaging local manufacturers. Measures such as production-linked incentive schemes, import tariffs, and import monitoring are in place to tackle the trade deficit.
China’s gradual dominance in ASEAN has given it clout over global value chains. India’s inability to make a mark in high value chains puts it at an economic disadvantage in this fast growing region