Foreign reserves of Malaysia, Indonesia plunge in March
Malaysia's central bank, Bank Negara, said on April 7 that its international reserves stood at 101.7 billion USD as of March 31, down 1.26 percent from March 13.
Hanoi (VNA) - Malaysia's central bank, Bank Negara, said on April 7 that itsinternational reserves stood at 101.7 billion USD as of March 31, down 1.26percent from March 13.
♛ The bank said in astatement that the reserves position is sufficient to finance 7.7 months ofretained imports and is 1.1 times total short-term external debt.
Thesame day, the Bank Indonesia (BI) said its foreign exchange reserves also droppedin March as the bank has intensified intervention in the financial market toshore up the rupiah. The reserves decreased to 121 billion USDin March from 130.4 billion USD in February. TheBI said the shrinkage is factored by the payment of foreign debts andstabilisation of the rupiah amid an extraordinary situation due to the panic in thefinancial market because of the COVID-19 pandemic./.
Thousands of schools in Malaysia and Indonesia were forced to close on September 19 as air quality has reached unhealthy level due to haze from forest fires.
The central banks of Malaysia and Indonesia on September 27 signed a currency swap agreement, which allows the exchange of local currencies between the central banks of up to 2 billion USD.
Malaysia and Indonesia have agreed in principle on the use of technology such as drones to monitor security and crime along the borders of both countries.
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.
Illustrative image (Photo: theedgemarkets.com) 
