EDITION
  • English
  • 中文
  • Bahasa
  • eCommerce
Sunday, June 11, 2023
uLearnMoney Subscription Events
No Result
View All Result
Money Compass

EDITIONS:

Media and partner organizations:

cmc bmc ulearnmoney mylife mcm asncommerce mcm
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
Subscription Newsletter
Money Compass
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
No Result
View All Result
中文 Bahasa eCommerce
Money Compass

ASEAN needs cohesive plan to shore up investments, create jobs, says Muhyiddin

by moneycompass
June 26, 2020
in News
ASEAN

The flags of ASEAN nations raised in MH Thamrin Avenue, right in front of Japanese Embassy in Jakarta, during 18th ASEAN Summit, Jakarta, 8 May 2011.

Share on FacebookShare on WhatsApp

KUALA LUMPUR – ASEAN governments must materialise cohesive plans to quickly implement measures or “travel bubbles” between “green” member states amid the COVID-19 pandemic to shore up investments and create job opportunities, Prime Minister Tan Sri Muhyiddin Yassin said today.

Possibly in the near future, the region can also open up the borders for intra-ASEAN tourism to flourish and deliver the much-needed financial boost into the national economies, he said.

“The public health crisis has had profound impacts on the economy and rebooting our regional economy must be our utmost priority to mitigate disruptions to trade and strengthen the resilience of our regional supply chains,” he said at the 36th edition of the ASEAN Summit that was held virtually due to COVID-19.

Vietnam’s Prime Minister Nguyen Xuan Phuc chaired the meeting. Vietnam is the ASEAN chair for 2020.

“Malaysia feels very strongly that our governments must materialise cohesive plans to quickly implement measures or ‘travel bubbles’ between ‘green’ ASEAN Member States to shore up investments and create job opportunities for our people,” Muhyiddin said.

As proposed by Malaysia in April, ASEAN must formulate a Regional Economic Recovery Plan, the Prime Minister stressed: “If we don’t protect our regional economies, wider disparity in growth among the ASEAN countries may harm our objective of greater economic integration.”

The region must act swiftly and decisively in coordinating a regional level response in revitalising the economies, he said, adding that, “A well-coordinated response will ensure we emerge this crisis stronger together, much like how we have weathered previous crises”.

Muhyiddin also said that together with other ASEAN colleagues, Malaysia will also work towards the conclusion and signing of the Regional Comprehensive Economic Partnership (RCEP) this year.

“Malaysia stands ready to engage with India on the latter’s continued participation in the RCEP, which we believe would contribute to regional prosperity,” he said.

– Bernama

 

Read more: How can ASEAN bounce back: An EU perspective

Tags: ASEANCovid-19
ShareSendShareSendTweetShare
Previous Post

Indonesia Focused East Ventures Raises New Seed Fund for Tech Startups in Aftermath of Pandemic

Next Post

Women & Finance: Your Journey to the “Financial Destination”

Related Posts

News

True stories of Overseas Filipinos shine in global spotlight, in time for PH Independence Day

10 Jun 2023
News

The Right Earbuds for Lady Girls — Baseus AirNora 2

10 Jun 2023
News

Baseus Launches Its Upgraded Ultra-Slim Laptop Power Bank

10 Jun 2023

Discussion about this post

MOST POPULAR

  • Impact of SST on Consumers in Malaysia

    0 shares
    Share 0 Tweet 0
  • Treating COVID with Metformin Reduces Long COVID Rates

    0 shares
    Share 0 Tweet 0
  • NEXTDC Kickstarts Regional Expansion with KL1 Data Centre in Malaysia

    0 shares
    Share 0 Tweet 0
  • 2023 Asia Esports Championship: Registration is Open Now in Southeast Asia Region

    0 shares
    Share 0 Tweet 0
  • Lotus’s launches flagship stores, stops offering single-use plastic bags at checkout counters

    0 shares
    Share 0 Tweet 0

MEMBERSHIP SUBSCRIPTION

Subscribe Now

Sign Up for Our Free Newsletters

Stay up-to-date with the latest personal wealth-related articles, breaking financial market news, and more.

Follow us on Social Media

News
Special Feature
Compass
Money Tube
Smart Lifestyle
Corporate Profile
Advertise
Subscriptions
Career
Contact Us
eLearning
Events
Privacy Policy
Terms of Use
Strategic Partners

Copyright © . Money Compass. All Rights Reserved.

Design and Development by Ant Internet Sdn Bhd

No Result
View All Result
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE

© 2020 Money Compass

Career

SUBSCRIBE FREE NEWSLETTER