Asean
Thailand’s Prime Minister announces outcomes of 34th ASEAN Summit
The ASEAN leaders reaffirmed the shared commitment to maintaining peace and security in the region, and agreed on the need to strengthen regional collaboration on public health.

BANGKOK, 23 June 2019 (NNT) – At the 34th ASEAN Summit, leaders of the ASEAN member states supported Thailand’s initiatives to enhance regional sustainability in all respects, Thailand’s Prime Minister, Gen. Prayut Chan-o-cha, said at a press conference on Sunday (June 23) at the Athenee Hotel, in Bangkok.
After the press conference, the Deputy Government Spokesman, Lt. Gen. Werachon Sukondhapatipak, quoted Gen. Prayut as saying the he was honored that the Thai government hosted the 34th ASEAN Summit, as this was a good opportunity for member countries to work together to support the building of an ASEAN Community that is people-centered, leaves no one behind and looks to the future.
This is in line with the official theme of Thailand’s ASEAN Chairmanship in 2019, “Advancing Partnership for Sustainability”.
At the summit, the ASEAN leaders supported Thailand’s initiatives and undertakings to enhance regional sustainability in all ways. They also endorsed the official theme of Thailand’s ASEAN Chairmanship this year.
The ASEAN leaders reaffirmed the shared commitment to maintaining peace and security in the region, and agreed on the need to strengthen regional collaboration on public health. The summit also adopted the Bangkok Declaration on Combating Marine Debris in the region, which demonstrates the bloc’s commitment to addressing the problem in a sustainable manner.
The meeting discussed ways to enhance ASEAN’s capabilities and cooperation in disaster management and emergency response. On this occasion, the delegates jointly launched the Disaster Emergency Logistics System for ASEAN (DELSA) and endorsed the development of the ASEAN Center of Military Medicine (ACMM).
The summit adopted the ASEAN leaders’ statement on the ASEAN Cultural Year 2019 and promoted the ASEAN Inter-Parliamentary Assembly (AIPA), youth groups and the business sector, to build a people-centered ASEAN Community.
The ASEAN leaders also reaffirmed the importance of the Treaty of Amity and Cooperation in Southeast Asia (TAC) as the code of conduct governing interstate relations.
They also resolved to conclude negotiations on the Regional Comprehensive Economic Partnership (RCEP) this year to help the bloc adapt to changes and uncertainties in the region, such as trade tensions with key trading partners.
Four ASEAN member countries, Thailand, Indonesia, Singapore and Vietnam, will take part in the G20 Summit this year to announce the bloc’s stance on ongoing trade war issues. ASEAN would like the situation to ease quickly.
The summit acknowledged the new ASEAN Secretariat building in Jakarta, Indonesia. It will open officially on August 8 this year. The new building will be utilized for ASEAN-related meetings and events, while ensuring efficiency in operational activities.
Prime Minister Prayut said ASEAN will launch a joint bid to host the 2034 World Cup. On this occasion, Gen. Prayut invited the ASEAN people to support their football associations in their respective countries to achieve this objective.
The Thai Prime Minister also thanked all ASEAN leaders for expressing their support for Thailand as the host country of the 34th ASEAN Summit and as the bloc’s chair this year. He also thanked all agencies and members of the public for their cooperation and for being good hosts. Gen. Prayut insisted that the ASEAN leaders will strengthen existing frameworks of cooperation at the regional and sub-regional levels and generate tangible and concrete outcomes for the benefit of ASEAN’s people.
Asean
The Latest on Covid-19 in Southeast Asia
Thailand has largely avoided widespread community transmission of Covid-19, but the kingdom is not faring well on the economic front, with a projected contraction of 7.1 percent this year.

As a region, Southeast Asia has fared relatively well in keeping coronavirus cases low, with the notable exceptions of the Philippines and Indonesia.
(more…)Laos
China’s debt-trap diplomacy: Laos’ credit rating downgraded to CCC
Laos’ debt challenge is deeply concerning, with some media commentators suggesting the country is falling into a debt trap as a result of Chinese infrastructure investments connected to the Belt and Road Initiative (BRI)

On 23 September, the Fitch Ratings agency downgraded Laos’ credit rating to CCC — the second downgrade in 2020, having dropped to B- in May.
(more…)Vietnam
Foreign capital still heads to Vietnam
As many as 798 projects added a combined over 5.11 billion USD to their investment capital, down 23 percent year-on-year in project number but up 6.8 percent in value.

Hanoi (VNA) – The total amount of foreign investment poured into Vietnam this year to September 20 reached 21.2 billion USD, equivalent to 81.8 percent of the same period last year, reported the Ministry of Planning and Investment.
(more…)-
Forex7 days ago
Leverage from Forex Brokers & How Beginners Can Benefit from It
-
National4 days ago
Human trafficking cases in Thailand hit decade low due to COVID-19
-
Banking6 days ago
Can Fintech drive a strong post-COVID-19 recovery in Asia?
-
Economics4 days ago
Thai economy to grow 4% in 2021 following 6.5% decline in 2020