Indonesia raises priority economic deliverables for ASEAN

Kao Kim Hourn, Secretary General of the Association of Southeast Asian Nations (ASEAN), has commended Indonesia, Chair of the bloc in 2023, for raising priority economic deliverables (PEDs) that are forward-looking and expected to encourage stronger regional economic cooperation.

Friday, March 24, 2023 10:54

Indonesia raises priority economic deliverables for ASEAN ảnh 1

Officials at the 29th ASEAN Economic Ministers' (AEM) Retreat in Magelang, Central Java province of Indonesia (Source: VNA)

Jakarta (VNA) - Kao Kim Hourn, Secretary General ofthe Association of Southeast Asian Nations (ASEAN), has commended Indonesia,Chair of the bloc in 2023, for raising priority economic deliverables (PEDs)that are forward-looking and expected to encourage stronger regional economiccooperation.

If the PEDs are fully implemented, they can significantly helpbolster ASEAN economic integration and post-pandemic recovery in the region,Hourn told a press conference of the recent 29th ASEAN Economic Ministers'(AEM) Retreat in Magelang, Central Java province.

The PEDs, agreed at the AEM Retreat, were categorised intothree strategic thrusts, namely Recovery and Rebuilding: Rebuilding Regional Growththrough Connected Markets and New Competitiveness; Digital Economy:Accelerating Inclusive Digital Economy Transformation and Participation; andSustainability: Promoting Sustainable Economic Growth for a Resilient Future.

The meeting also discussed the strategic steps to developintra-ASEAN trade and investment potential so that the region can have a moreresilient economic growth.

Secretary General Kao Kim Hourn said ASEAN is pursuing theimplementation of several key initiatives to improve its economic integration.Its member countries are also pursuing to carry out the ASEAN IndustrialProject-based initiatives to build a resilient supply chain that optimises the potentialof mineral resources and technology in the region.

The 29th AEM Retreat also discussed strategicsteps to strengthen digitalisation and sustainability in the region as well asASEAN’s pillars of economic integration.

Besides, the participating ministers agreed to implement atransformative regional development mindset that enables ASEAN to build a strong,resilient, and inclusive future, Kao added./.

VNA

#ASEAN #Indonesia #priority economic deliverables #economic cooperation #ASEAN Economic Ministers' Retreat #AEM Retreat #economic integration #Vietnamplus #Vietnam News Agency Indonesia ASEAN

See more

Thailand shortens visa-free stay for visitors from over 90 countries

19/05/2026 20:25

Most foreign nationals will now be allowed to stay for a maximum of 30 days instead of the previous 60 days, while citizens of some countries and territories may be limited to just 15 days.

Singapore: Illegal e-cigarette market persists despite ban

19/05/2026 10:43

In a report published on May 18, the EU-ASEAN Business Council (EU-ABC) and market research firm Euromonitor International said illicit tobacco sales in Singapore, comprising mainly illicit cigarettes and e-vaporisers, resulted in an estimated 156 million SGD in lost government revenue over the same period.

Thailand tightens durian quality control

19/05/2026 07:23

Durian is not only a key agricultural export but also an important economic asset, contributing to incomes for farmers, exporters and the logistics sector, while promoting Thailand’s culinary image in the global market, according to Thai Minister of Agriculture and Cooperatives Suriyas Junrungreangkit.

Cambodia has been ranked the world’s leading country for natural environment in 2026 by US News & World Report. (Photo: phnompenhpost.com)

Cambodia ranked world’s top country for natural environment in 2026

19/05/2026 05:25

Cambodia currently manages 73 protected natural areas covering more than seven million hectares, equivalent to about 41% of the country’s total land area. These protected areas play a vital role in forest conservation, wildlife habitat protection and biodiversity preservation through stricter law enforcement and conservation measures.

The expansion was more than double the 10.9% growth forecast by private-sector economists in a Bloomberg poll. (Photo: businesstimes.com.sg)

Singapore’s non-oil exports surge beyond forecasts in April 2026

19/05/2026 03:53

The strong performance was driven mainly by electronic exports amid sustained demand linked to artificial intelligence technologies, according to a statement from Enterprise Singapore.

AI-related demand pushes Singapore exports in April

18/05/2026 23:07

Singapore's exports to the US surged 59.6%, reversing a fall of 2.8% in March. Shipments to China climbed 37.8% from 20.3% the previous month and those to the European Union rose 33.4% after shrinking 12.2% in March.

Pressure on the rupiah has mounted as global oil prices surge amid Middle East tensions and developments involving Iran, increasing Indonesia’s energy import costs. (Photo: AFP/VNA)

Indonesia’s rupiah hits record low amid market turmoil

18/05/2026 17:17

The Indonesian rupiad at one point on May 18 dropped more than 1% to around 17,668 IDR per USD, its weakest level on record. Indonesia’s benchmark stock index also plunged more than 4% after a long holiday, reflecting growing investor concerns.

Thailand enforces seasonal fishing ban to protect spawning stocks

18/05/2026 16:27

Under Thailand’s 2015 Fisheries Act, violators may face fines ranging from 5,000 to 50,000 THB (approximately 150–1,500 USD), or penalties of up to five times the value of illegally caught fishery products.

Thailand attracts 5.5 billion USD in EV industry investment

18/05/2026 16:16

The global automotive industry is undergoing a strong shift towards electric vehicles, smart vehicles and digital technology, BOI Secretary General Narit Therdsteerasukdi said in a keynote speech.

Malaysian Deputy Minister of Communications Teo Nie Ching. (Photo: Bernama)

Malaysia records sharp rise in online scam losses

17/05/2026 23:00

Teo revealed on May 16 that online scam losses in Malaysia reached 2.77 billion RM (about 700 million USD) last year, compared with 1.28 billion RM in 2023 and 1.57 billion RM in 2024. Investment scams accounted for the largest share of the losses.

Indonesia eyes building international financial hub in Bali

17/05/2026 05:07

The KEK Kura Kura Bali SEZ is expected to serve as a platform for innovative financial activities, including sustainable finance, digital finance, and investment management.

The designation covers both Hantavirus Pulmonary Syndrome and Hemorrhagic Fever with Renal Syndrome. (Photo: AFP)

Hantavirus classified as “dangerous communicable disease” in Thailand

17/05/2026 03:23

The new mandate requires authorities to report suspected cases within three hours, conduct disease investigations within 12 hours, and enforce a strict 42-day quarantine for high-risk contacts.

Malaysia tightens import controls on selected seafood products from Thailand

16/05/2026 19:22

The temporary restriction involves the shrimp species Penaeus esculentes (brown tiger prawn), Fenneropenaeus merguiensis (banana prawn), Penaeus vannamei (whiteleg shrimp), Penaeus monodon (giant tiger prawn) and Penaeus stylirostris (blue shrimp).

Malaysia tightens spending to strengthen economic resilience

16/05/2026 06:30

The move to tighten control over non-essential spending, including scaling down official events, reflects a proactive and disciplined approach to public financial management.

Scientists discover largest dinosaur species ever found in Thailand

15/05/2026 20:07

According to the researchers, Nagatitan Chaiyaphumensis belonged to the Titanosauridae family, a group of herbivorous dinosaurs characterised by their long necks and tails. The species is estimated to have measured between 27 and 30 metres in length and weighed more than 26 tonnes.

Cambodia lowers 2026 economic growth forecast to 4.2%

15/05/2026 18:23

According to the medium-term fiscal framework for 2027-2029 recently published by Cambodian Prime Minister Hun Manet, Cambodia is navigating a transition against a backdrop of protracted global crises, including rising protectionism, trade wars, geopolitical and geo-economic tensions, and increasingly severe impacts of climate change and natural disasters as well.