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Friday, April 22, 2022

Boao Forum for Asia Annual Conference 2022: Only true multilateralism can benefit the world, Xi proposes Global Security Initiative, sends signal of peace, stability amid global turmoil


 
Chinese President Xi Jinping delivers a keynote speech via video at the opening ceremony of the Boao Forum for Asia Annual Conference 2022, on April 21, 2022.(Photo: Xinhua) Chinese President Xi Jinping delivers a keynote speech via video at the opening ceremony of the Boao Forum for Asia Annual Conference 2022, on April 21, 2022.(Photo: Xinhua)

The Boao Forum for Asia Annual Conference 2022 is being held in Boao, Hainan Province, from April 20 to April 22. The theme of this year's forum is "The World in COVID-19 and Beyond: Working Together for Global Development and A Shared Future." In a keynote speech delivered at the opening ceremony of the forum on Thursday, Chinese President Xi Jinping proposed a Global Security Initiative, emphasizing the need to uphold "true multilateralism" and that it is particularly important for major countries to lead by example in honoring equality, cooperation, good faith and the rule of law, and act in a way befitting their status.

At present, the changes in the world, the times, and history are unfolding in an unprecedented way. At a time when unprecedented global changes are combined with a once-in-a-century pandemic, the world is at the crossroads of unity or division, cooperation or confrontation, upholding justice or hegemony. Xi's emphasis on "true multilateralism" is of great significance for lighting the way forward for international society to move on and promote peaceful development.

What is true multilateralism? It is, after all, that international affairs should be handled by all through consultations and the future and destiny of the world will be jointly decided by all countries. Such "true multilateralism" cannot be separated from the United Nations, therefore we must firmly safeguard the international system with the UN at its core; it cannot be separated from the international law, so we must unwaveringly uphold the international order underpinned by international law; it cannot be separated from global cooperation, so major powers need to lead by example in upholding justice, enforcing the rule of law, taking responsibility, and focusing on actions.

When representatives from 42 countries and regions were discussing regional solidarity and cooperation at the Boao forum, Washington was hosting the G20 Finance Ministers and the Central Bank Governors meeting. Finance ministers of countries including the US and Canada walked out when the Russian delegate spoke, staging a show of "political protest"at an international multilateral economic cooperation forum. The US supports a draft resolution to adjust the use of the veto by permanent members of the UN Security Council. All those acts are weakening and jeopardizing multilateralism and multilateral mechanisms.

In stark contrast, Asia is "climbing the hill together and going down the ravine together" and making "sugarcane and lemongrass grow in dense clumps." In 2021, the region withstood the pressure of the raging COVID-19 pandemic and led the global economic recovery. Measured by purchasing power parity, Asia accounted for 47.4 percent of the world's economy in 2021. From taking the lead in advocating the Five Principles of Peaceful Coexistence and the Bandung Spirit, to jointly promoting the signing of the Regional Comprehensive Economic Partnership Agreement, Asian countries have made maintaining and practicing multilateralism in the region to transform from an experiment to a model, through all-round and broad-based win-win cooperation.

However, for Washington accustomed to creating rivals and stirring up trouble around the world to gain benefits, the stability and prosperity of Asia have become a thorn in its flesh. To seize the moral high ground and sugarcoat its geopolitical ambitions, Washington has even packaged its so-called Indo-Pacific Strategy as "multilateralism." It also has attempted to disturb regional peaceful development by strengthening its "multilateral mechanisms," including its "quadrilateral mechanism" and "trilateral security partnership." If we want to practice "true multilateralism," we must be wary of and oppose such "fake multilateralism."

It is clear that a lot of unrest, division, and poverty have been created in different parts of the world under practices of prioritizing one country's interests, making coteries that uphold hegemony, treating international rules as a tool for the interests of one nation, using a certain country's interests as the criteria, and engaging in "selective multilateralism." The US is still using the Russia-Ukraine conflict to further divide the world into camps and keeps pressuring neutral countries to "take sides." Such a "fake multilateralism" sometimes is deceptive to some extent, but more and more countries have seen through it and denied any attempts to stir up troubles globally or seize geopolitical "fruits."

As a Chinese saying goes, "Power may win for the time being, but justice will prevail for the long run." All countries across the world are in the same boat with a shared destiny. We must work together to sail through the stormy seas to a bright future. Any attempt to throw whoever into the sea is unacceptable. From the Global Development Initiative to the Global Security Initiative, China has always been a firm practitioner of true multilateralism. History will continue to prove that such a choice is on the right side of the history and on the side of human progress.

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 Xi proposes Global Security Initiative at Boao Forum, 'sends signal of peace, stability amid global turmoil’...

Solidarity stressed amid global changes, injects confidence in economic recovery

Xi proposes Global Security Initiative at Boao Forum, 'sends signal of peace, ...

Chinese President Xi Jinping proposed a global security initiative which stressed a commitment to the vision of common, comprehensive, cooperative ...

China's perspective on security for countries in the world. Graphic: GT 

Chinese President Xi Jinping delivered a keynote speech via video link at the opening ceremony of the Boao Forum for Asia Annual Conference 2022 held in Boao, Hainan Province. Here are some highlights of his remarks (4/12)


Image

China's multilateralism pledge at Boao Forum helps safeguard world security amid pandemic, conflict

China's commitment to multilateralism and opening-up is reassuring to a world faced with rising security risks, academics and delegates attending the Boao Forum for Asia (BFA) 2022 said on Wednesday, as the international forum amid a new round of epidemic ...

Multilateralism, regional integration will ease supply chain problems: Boao Forum

The ongoing global supply chain crisis should be tackled by the major economies leading by example through multilateral consultation, economists and delegates attending the Boao Forum for Asia 2022 said.

 

Boao Forum is a Chinese message about world collaboration in the post-pandemic era: envoy

Despite global challenges, the Boao Forum for Asia held in South China's Hainan Province, sent the world an important message of global collaboration and development while addressing new opportunities in Asian regional cooperation to overcome economic hurdles in the post-pandemic era, the Mongolian Ambassador to China said on Thursday.

 

Related post:

 

BOAO Forum 2016: Asia's New Future - New Dynamics, New Vision

Wednesday, March 9, 2022

Malaysia will open its borders to international travellers on April 1, 2022

 



Malaysia to fully reopen borders from April 1 as country transits to COVID-19 endemic phase

KUALA LUMPUR: In about three weeks, Malaysia will reopen its borders and those wanting to visit the country will no longer need to apply for the MyTravelPass.
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All travellers have to do is download the MySejahtera application and fill in the pre-departure form under the “Traveller” section, said Prime Minister Datuk Seri Ismail Sabri Yaakob.
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“The reopening of the country’s borders was one of the much-awaited announcements among the rakyat.
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“We believe that the reopening of the borders on April 1 will not only bring freedom for the rakyat to travel abroad but also allow those from other countries to visit Malaysia,” he said at a press conference in Parliament yesterday.
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Visitors and Malaysians who have been fully vaccinated against Covid-19 will no longer have to quarantine when they arrive.
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They must, however, undergo a RT-PCR test two days before departure and a professional rapid test (RTK-Antigen) upon arrival.
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“They can do the RTK test at the airport or at a health facility outside, but it must be done within 24 hours,” said Ismail Sabri.
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As for travellers who have not been fully vaccinated, he said the entry procedures will be explained by Health Minister Khairy Jamaluddin today.
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“The country wants to provide comfort to travellers and not complicate their travel process,” the Prime Minister added.
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As for Malaysians, he said those with valid documents are free to travel to any other country that had reopened their borders to visitors.
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For countries that had yet to fully open their borders such as Singapore, Malaysians could use the Vaccinated Travel Lane (VTL) method, he said.
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He added that the country is also in the midst of implementing the VTL initiative with Thailand, Brunei and Indonesia.
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The country’s borders have been shut since March 2020, while entry of foreign workers has been frozen due to the pandemic.
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Ismail Sabri noted that the reopening of the borders will help revive the country’s economy, especially the tourism industry which was badly hit by the pandemic.
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Some 98.7% of Malaysia’s adult population are fully vaccinated, while 64% have received their booster shots.
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Although the country’s daily cases have shot past the 30,000 mark due to the recent Omicron outbreak, 99% of the infections are mild or asymptomatic.

Source link

 

Covid-19 recoveries outnumber new cases again | The Star

SOURCE :
World / Countries / Malaysia
Last updated: March 09, 2022, 06:57 GMT

https://www.worldometers.info/coronavirus/country/malaysia/

Wednesday, November 3, 2021

Singapore big dreams of becoming a global cryto hub

Singapore plans to emerge as key player

Easing restrictions: A representation of the virtual cryptocurrency bitcoin. The Monetary Authority of Singapore is against clamping down on crypto. — Reuters

 SINGAPORE: Singapore is seeking to cement itself as a key player for cryptocurrency-related businesses as financial centres around the world grapple with approaches to handle one of the fastest growing areas of finance.

“We think the best approach is not to clamp down or ban these things,” said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), which regulates banks and financial firms.

Instead, MAS is putting in place “strong regulation”, so firms that meet its requirements and address the multitude of risks can operate, he said in an interview.

Nations differ vastly when it comes to how they handle crypto: China has cracked down on large amounts of activity in recent months, Japan only recently allowed dedicated crypto investment funds – though El Salvador has embraced bitcoin as legal tender.

In the United States, while there are an abundance of options for investing in the burgeoning asset class, regulators are concerned about everything from stablecoins to yield-generating products.

“With crypto-based activities, it is basically an investment in a prospective future, the shape of which is not clear at this point,” said Menon, who has helmed the MAS for about a decade.

“But not to get into this game, I think risks Singapore being left behind. Getting early into that game means we can have a head start, and better understand its potential benefits as well as its risks.”

The stakes are high for the small island nation, which has already earned a reputation as a global wealth hub. Singapore must raise its safeguards to counter risks including illicit flows, Menon said.

The city state is “interested in developing crypto technology, understanding blockchain, smart contracts and preparing ourselves for a Web 3.0 world,” he said, referring to the third generation of online services, which will be a key theme during the Singapore Fintech Festival that MAS will host next week.

Menon acknowledged that banks and other financial institutions will face certain challenges with the decentralisation of finance. Still, Singapore wants to be “well positioned” for 2030 when “an economy of tokenisation” may come, he said.

Singapore isn’t the only place with crypto ambitions. Locations as diverse as Dubai, Miami, El Salvador, Malta and Zug in Switzerland, are also making efforts.

It can be a fine line to tread, given the crypto industry grew up with few regulations, so many players balk at government officials’ attempts to impose guardrails.

Singapore’s approach has attracted crypto firms from Binance Holdings Ltd, which has had a series of run-ins with regulators around the world, to Gemini, a US operator targeting institutional investors, to set up base.

Some 170 companies applied for a MAS licence, taking the total number of firms seeking to operate under its Payment Services Act to about 400, after the law came into effect in January 2020.

Since then, only three crypto firms have received the much-coveted licences, while two were rejected. About 30 withdrew their application after engaging with the regulator. 

Among those approved is the brokerage arm of DBS Group Holdings Ltd, Singapore’s largest bank, which is also a pioneer in setting up a platform for trading of digital tokens while offering tokenisation services.

The regulator is taking time to assess applicants to ensure that they meet its high requirements, Menon said. The MAS has also boosted resources to cope with high volumes of prospective services operators, he said.

“We don’t need 160 of them to set up shop here. Half of them can do so, but with very high standards, that I think is a better outcome,” he said.

Menon said the benefits of having a well-regulated local crypto industry could also extend beyond the financial sector.

“If and when a crypto economy takes off in a way, we want to be one of the leading players,” he said.

“It could help create jobs, create value-add, and I think more than the financial sector, the other sectors of the economy will potentially gain.” — Bloomberg

Source link

 

Singapore preparing for digital dollar | The Star

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Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration take...
 

How Malaysia Budget 2022 Can Drive Your Business Forward? Forum 5 Nov 2021 . 3pm ~ 4:30pm


REGISTER NOW

Session 1 : #SOS: How Budget 2022 Can Drive Your Business Forward

The session will address:
– SME portfolio financial restructuring
– How the Government’s 2022 budget can help you rebuild or drive your business forward
– Government’s focus in strengthening public healthcare, rebuilding socio-economic and economic resilience

Speakers:
1) Datuk Dr. AT Kumararajah , Secretary General, MAICCI
2) Jenny Hoh, Vice President of SME Advisory and Marketing, CGC
3) Yip How Nang, Head of SME Banking, RHB Bank Berhad

Session 2 : #SOS: How Budget 2022 Can Drive Your Business Forward

This session will address:
– Strategies for effective budget planning 2022
– Reopening of all sectors – What’s next? Is this the right time to invest or expand your businesses?
– Government’s focus on enhancing digital infrastructure. How can SMEs benefit?

Speakers:
1) Shirley Tay, President, MRCA
2) Pang Kong Chek, Chief FInancial Officer, PKT Logistics Group Sdn Bhd
3) Kevin Lee, Head of SME, Maxis Business

REGISTER NOW

For SOBA enquiries, email soba@thestar.com.my or call 017-231 1789.

SOBA Website : www.soba.com.my

 

Related:

 

Helping SMEs drive their business forward | The Star


SMEs to benefit from Budget 2022 | The Star

 

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    The theme for Budget 2022 is "Keluarga Malaysia, makmur sejahtera" (Malaysian family, prosperous and peaceful).  Finance Minis...

Tuesday, November 2, 2021

Covid-19 self-test kits going for as low as RM6.90 per unit

 

https://assets.theedgemarkets.com/test1.jpg?pUGfh41asPkN5epuyolysKroiuYGYSGY

 Covid-19 self-test kits now available for as low as RM6.90

Covid-19 self-test kits now available for as low as RM6.90 -A +A

SEPANG (Nov 1): The Covid-19 self-test kit is available for as low as RM6.90 a unit, said Minister of Domestic Trade and Consumer Affairs Datuk Seri Alexander Nanta Linggi.

He said this followed the move to expand the sale of the test kit to supermarkets, convenience store networks and petrol stations in stages.

“The Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) was told the prices offered at supermarkets and convenient stores are as low as RM6.90 each while, KK Supermart is selling them for only RM6.60 each.

“This is surely very good news to consumers in the light of the situation today,” he said when launching the Covid-19 self-test kit sales at KK Supermart in KL International Airport 2 (klia) and inspecting the 2021 Deepavali Festive Season Maximum Price Scheme, here on Monday.

Prior to this, the Covid-19 self-test kits received conditional approval from the Malaysian Device Authority (MDA) to be sold at selected clinics and pharmacies.

The government had fixed the maximum retail price for Covid-19 self-test kit at RM19.90 per unit and wholesale price at RM16 a unit effective Sept 5.

Nanta said the decision of the government to expand the sales of the Covid-19 self-test kit would bring down the price with the readiness of stock and through competition in the retail sector.

As of Oct 28, he said 2,570 business premises nationwide had been approved to sell the Covid-19 self-test kits whereby 494 are under KK Supermart & Superstore Sdn Bhd including at klia2.

On the new ceiling price of the Covid-19 self-test kit, Nanta said it would be announced soon and its determination would take into account all aspects including the interest of consumers and traders.

“The business environment must be centred on supply and demand. It is not necessary for the government to use its power to restrict and regulate,” he added.

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Monday, October 25, 2021

Shocking to allow a convicted criminal to travel overseas !

 

He is barred from contesting in the coming general election, but he is allowed to travel overseas? 

The Center to Combat Corruption and Cronyism (C4 Center) is appalled at the news that former Prime Minister Najib Razak has been allowed his passport for travel, especially since he has already been convicted of serious corruption and criminal breaches of trust.


We urge the Attorney General’s Chambers and the prosecution team to explain to the public why there was no objection to Najib’s application for temporary custody of his passport. There are real reasons for concern about flight risk, as he is appealing his conviction, and continues to face more daunting charges in court, all related to 1MDB and its subsidiaries.

He is also appealing an amount of RM1.7bn of fines to be paid to the Inland Revenue Board.

In addition, the 1MDB scandal was again named in the Pandora papers and linked to Russian and Indian frauds, signalling no end to this gargantuan financial heist, of which he is a central figure.

Despite the heavy load of charges and a slew of court dates still before him, and with repeated delays due to Covid, the prosecution did not see fit to object to the application. We ask for an urgent explanation of what constitutes a fair request.

C4 Center asks for the full reasons behind the decision not to object to his application for the return of his passport.

It bears stating again that Jho Low and Nik Faisal, central allies of Najib, are both still at large, and Malaysia cannot afford to give Najib any opportunity to escape, after being charged with multiple counts of money laundering and corruption in such a massive financial heist. We ask again what measures are in place to ensure he does not slip away

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READ MORE: The Najib Razak 1MDB Trial Ep 57: No action taken 

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As it stands, how is it that Najib, who owes the government such a hefty sum, is allowed to leave the country, while PTPTN (student) loan and income tax defaulters get blacklisted?

While the blacklist for PTPTN loan defaulters has since been overturned, this still represents a gross inequity in treatment. Double standards in the execution of the law will greatly affect the upholding of the rule of law.

Should it really be a case of class and caste, action has to be taken to protect the judiciary against the pulling of strings and offering of favours, to ensure that justice is meted out properly, with the punishment befitting the crime.

We are dealing here with a convicted criminal who is barred from contesting in the coming general election, but he is allowed to travel overseas. Where is the logic in this?

We urge the Ismail Sabri Yaakob government to assure Malaysians that former PM Najib must account for his misdeeds and cannot be given preferential treatment. – C4 Center

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Related:

 


Najib gets all clear from three High Court judges ... - Malay Mail


 

Allowing convicted criminal to travel overseas shocking, says C4

 

 

 

 

Allowing convicted criminal to travel overseas shocking, says C4

 BERNAMApix

Allowing convicted criminal to travel ... - theSundaily.my

 

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