ASEAN - RoK financial cooperation centre opens in Jakarta
The Republic of Korea (RoK) has launched an ASEAN - RoK financial cooperation centre in Jakarta, which serves as a gateway for Korean financial firms to enter regional markets and vice-versa.
The flags of ASEAN and the RoK (Illustrative photo: Shutterstock)
Jakarta (VNA)– The Republic of Korea (RoK) has launchedan ASEAN - RoK financial cooperation centre in Jakarta, which servesas a gateway for Korean financial firms to enter regional markets andvice-versa.
Ambassador of the RoK to ASEAN Kwon Hee-seog saidthe centre will provide advisory services on many issues including fintech,financial stability, financial infrastructure, and cryptocurrencies.
More than 30 Korean bankers are already operatingin Jakarta and Indonesia, and they will engage in more operations and moreinvestment in financial themes, he noted.
The centre willprovide stepping stones for financial organisations of the RoK and ASEAN toexchange information on financial issues, he said, adding that it will workclosely with the RoK’s embassies in Southeast Asia.
SatvinderSingh, Deputy Secretary-General for the ASEAN Economic Community, voiced hishope that the cooperation will help improve financial access and inclusivedevelopment of ASEAN and Korean enterprises.
Healso emphasised the importance of partnership in resolving issues relevant to theinitiatives on green and sustainable finance.
Data in 2020 from ASEAN Statistics showed that the RoK’s financial firms opened 153branches in ASEAN countries, accounting for over one-third of their totalbranches worldwide. Among the regional countries, Vietnam and Indonesiarecorded the most financial companies from the RoK, 54 and 32, respectively, asof September 2021./.
The ASEAN Secretariat, the United Kingdom (UK) and the Lead Implementing Body for Sustainable Infrastructure (LIB-SI) have co-organised the UK-ASEAN Sustainable Leadership in Infrastructure Conference online and in-person in Singapore.
The High-Level Task Force (HLTF) on ASEAN Community’s Post-2025 Vision discussed core elements of the Post-2025 Vision at its first meeting at the ASEAN Secretariat in Jakarta on March 31 and April 1.
The Association of Southeast Asian Nations (ASEAN) and China reaffirmed their commitment to further strengthen their partnership and cooperation in line with the ASEAN-China Comprehensive Strategic Partnership (CSP) established last year, as officials of both sides gathered at the 23rd ASEAN-China Joint Cooperation Committee Meeting on April 5.
The Association of Southeast Asian Nations (ASEAN) in collaboration with the US-ASEAN Business Council (US-ABC) and the US Agency for International Development (USAID) on April 8 officially launched the ASEAN SME Academy 2.0, an upgraded version of an online learning platform.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
The flags of ASEAN and the RoK (Illustrative photo: Shutterstock) 
