Southeast Asian leaders affirm free trade goals

Southeast Asian leaders pose for family photo during ASEAN Leaders Gathering ont the sidelines of International Monetary Fund and World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia on Oct......»»

Category: newsSource: philippinetimes philippinetimesOct 12th, 2018

Davao biz leaders to ASEAN: unite vs terror, negotiate as one bloc for trade pacts

DAVAO CITY (MindaNews/10 November) – The 10-member Association of Southeast Asian Nations (ASEAN) must sit down and think as one community to address terrorism and negotiate as one bloc with major global trading partners for free trade agreements in the 31st ASEAN Summit slated in Manila next week, business leaders from Davao City said Friday. Ronald Go, […].....»»

Category: newsSource:  mindanewsRelated NewsNov 10th, 2017

Chinese premier to attend key meetings in Manila

Wang Shouwen, vice-minister of commerce, said China will support the leading role of the Association of Southeast Asian Nations in the proposed free trade agreement talks and for their successful conclusion at an early date.   The 16 leaders will evaluate progress and exchange views on negotiations, which are at a crucial stage, he said.   The meeting was proposed by Asean and the Philippines, this year's Asean chair, he said. China continues to support the rolethat the Regional Comprehensive Economic Partnership can play in regional development and prosperity.   Premier Li Keqiang will attend a series of high-level meetings in the Philippines fromNov...Keep on reading: Chinese premier to attend key meetings in Manila.....»»

Category: newsSource:  inquirerRelated NewsNov 7th, 2017

Merkel calls for free trade as EU, Asia meet

BRUSSELS, Belgium – German Chancellor Angela Merkel issued a rallying call for free trade Friday, October 19, as EU and Asian leaders met to unite in defiance of US President Donald Trump's "America first" approach. As disputes fester with Washington, the EU wants to use the 12th summit of the Asia-Europe ........»»

Category: newsSource:  rapplerRelated NewsOct 19th, 2018

President Duterte to Attend ASEAN Leaders’ Gathering in Indonesia

President Rodrigo Roa Duterte is set to attend the Association of Southeast Asian Nations (ASEAN) Leaders’ Gathering in Bali, Indonesia on October 11. President Duterte will meet with the other ASEAN leaders to discuss issues related to the theme: “Achieving SDGs (Sustainable Development Goals) and Overcoming Development Gap Through Regional and Global Collaborative Actions.” “The […].....»»

Category: newsSource:  metrocebuRelated NewsOct 9th, 2018

Plan to upgrade China-Asean trade agreement unveiled

NANNING/BEIJING --- China will work with the Association of Southeast Asian Nations to upgrade a strategic partnership and build a closer community of a shared future, Vice-Premier Han Zheng said at the opening ceremony of the 15th China-Asean Expo in Nanning, capital of the Guangxi Zhuang autonomous region,on Wednesday.   China welcomes Asean countries aboard the express train of China's economic development, Han said, and will share the dividends of economic growth withAsean. Han announced that China will work withAsean to upgrade the China-Asean Free Trade Agreement signed in 2004 and accelerate talks for the Regional Comprehensive Economic Partnership.   ...Keep on reading: Plan to upgrade China-Asean trade agreement unveiled.....»»

Category: newsSource:  inquirerRelated NewsSep 13th, 2018

Son feels ashamed after South Korea s upset loss to Malaysia

By John Pye, Associated Press BANDUNG, Indonesia (AP) — In his last start a week ago Son Heung-min helped Tottenham to a win in the Premier League. In his last start in a South Korea jersey Son scored late in a World Cup upset group stage win over 2014 champion Germany in late June. He was a long way from there on Friday, when his belated start to the Asian Games ended in a 2-1 loss to Malaysia that left him feeling ashamed in front of 4,125 fans on the outskirts of Bandung, the capital of Indonesia's West Java province. After getting permission from Tottenham to pursue a gold medal that would earn him an exemption from national military service, Son finally got on the field in the 57th minute of South Korea's second group game. By then, the defending champions were down 2-0 after a pair of first-half goals from Safawi Rasid and all the warnings Son had given his young teammates about the potential threats of every opponent appeared to have gone unheeded. "I feel ashamed about this shocking loss," Son said in Korean. "The players sort of took it easy. After the Malaysians scored two goals, the players were perplexed." He was unable to spark a comeback win at SI Jalak Harupat Stadium, the art deco-inspired 27,000-seat stadium that is set amid volcanic hills and tea plantations about a four-hour drive southeast of Jakarta. Son had some good touches but, after Hwang Ui-jo scored for South Korea in the 87th, he pushed a long-range free kick wide in the last minute. South Korea had more than two-thirds of the possession and took 14 shots to Malaysia's five but lacked finish in the front third and were exposed early in defense. Defense is the key for this South Korean team. A gold medal will exempt them from 21 months of military service, an obligation Son is otherwise expected to start within the next two years. That's the kind of commitment that could hurt his playing career. He's at the Asian Games in Indonesia as one of the three wildcard — or overage players — in the under-23 South Korean squad. And he's one of four members of South Korea's World Cup squad selected for the roster, along with Hwang Hee-chan, Lee Seung-woo and goalkeeper Jo Hyeon-woo. Only one of them — Hwang — started against Malaysia. South Korea coach Kim Hak-bum admitted he made a tactical blunder by rotating his players too early in the tournament. "That was my mistake ... I regret that," Kim said through a translator. "Because of today's result we've got a difficult pathway to the finals. First place and second place in this group is quite different in the round of 16 ... but we'll get through." Kim responded to question about Son's limited playing time by saying the star player had only been with the squad a couple of days and his fitness and condition had to be properly managed. The 25-team tournament is not officially recognized by FIFA, but Tottenham allowed the 26-year-old Son to leave England after the 2-1 win at Newcastle. Son missed South Korea's run to the Asian Games title in 2014 because he was not released by former club Bayer Leverkusen, adding to the pressure on him to win gold this time. "I should have controlled the game better and helped the (young) players in their mind controls — I feel a big responsibility for that," Son said. "I and our coach told players that we could face a big trouble if we lowered our guard. Of course, this thing should not happen, but I feel very relieved that this happened during the group preliminaries. I hope our players have learned that." South Korea will round out the group stage against Kyrgyzstan on Monday and will need a big win to restore confidence ahead of the knockout stage. Malaysia leads Group E with two wins and is three points clear of South Korea, which had opened its campaign by thrashing Bahrain 6-0 on Wednesday. Bahrain and Kyrgyzstan had a 2-2 draw Friday to pick up their first points of the tournament and remain in contention. The top two teams from each group and four best-performing third-placed teams advance to the round of 16......»»

Category: sportsSource:  abscbnRelated NewsAug 18th, 2018

Asean seen pledging to fight protectionism

SINGAPORE: Southeast Asian leaders are expected to rally against protectionism at a summit in Singapore this weekend amid fears that tit-for-tat tariffs between the US and China could escalate into a global trade war. A region of around 650 million people, Southeast Asia is home to some of the world’s fastest growing economies, thanks largely [...] The post Asean seen pledging to fight protectionism appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 28th, 2018

Indonesia wants Australia as full ASEAN member

  Indonesian President Joko Widodo wants Australia to become a full member of ASEAN, signaling Friday he is keen on Canberra playing a bigger regional role in defense, trade and security matters.   His comments come with Australia hosting a special summit of Association of Southeast Asian Nations (ASEAN) leaders in Sydney, as China increasingly flexes its muscle and the threat of violent extremism grows.   "I think it's a good idea," Widodo told the Sydney Morning Herald, referring to Australia joining ASEAN -- the first time an Indonesian president has endorsed the concept.   "Because our region will be better, (for) stability, economic stabi...Keep on reading: Indonesia wants Australia as full ASEAN member.....»»

Category: newsSource:  inquirerRelated NewsMar 16th, 2018

Indonesia wants Australia as full Asean member

SYDNEY: Indonesian President Joko Widodo wants Australia to become a full member of Asean, signaling on Friday he is keen on Canberra playing a bigger regional role in defense, trade and security matters. His comments come with Australia hosting a special summit of Association of Southeast Asian Nations (Asean) leaders in Sydney, as China increasingly [...] The post Indonesia wants Australia as full Asean member appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMar 16th, 2018

Singapore chairmanship of Asean welcomed

IF the Philippines was able to get the support of Southeast Asian leaders in pushing for a drug-free region during its chairmanship of the Association of Southeast Asian Nations (Asean), anti-corruption advocates are hoping that Singapore’s hosting of Asean in 2018 would pave way for a corruption-free Asean. Dante Jimenez, head of the Volunteers Against [...] The post Singapore chairmanship of Asean welcomed appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsNov 15th, 2017

MSMEs must benefit from free trade, Robredo tells ASEAN businessmen

MANILA, Philippines – Vice President Leni Robredo urged entrepreneurs from Southeast Asia to push for inclusive growth that would benefit even micro, small, and medium enterprises (MSMEs). Robredo delivered the keynote speech during the Association of Southeast Asian Nations (ASEAN) Business and Investment Summit on Tuesday, November 14, at ........»»

Category: newsSource:  rapplerRelated NewsNov 14th, 2017

Trump open to US-PH free trade deal

The United States will consider a possible free trade agreement (FTA) with the Philippines following a bilateral meeting during the ongoing Association of Southeast Asian Nations Summit, a Cabinet official said. “[W]e were able to raise to President (Donald) Trump and US delegation the growing trade between the two countries,” Trade Secretary Ramon Lopez told [...] The post Trump open to US-PH free trade deal appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsNov 14th, 2017

Trump open to US-PH free trade deal

The United States will consider a possible free trade agreement (FTA) with the Philippines following a bilateral meeting during the ongoing Association of Southeast Asian Nations Summit, a Cabinet official said. “[W]e were able to raise to President (Donald) Trump and US delegation the growing trade between the two countries,” Trade Secretary Ramon Lopez told… link: Trump open to US-PH free trade deal.....»»

Category: newsSource:  manilainformerRelated NewsNov 13th, 2017

Duterte pushes for free trade deal during talks with Trump

      President Rodrigo Duterte has pushed for a free trade agreement (FTA) during his bilateral talks with US President Donald Trumpat the sidelines of the Association of Southeast Asian Nations (Asean), a Palace spokesperson saidMonday.   Presidential Spokesperson Harry Roque said the FTA with the United States aims to reduce quotas and tariffs in the importation of goods.   "There was also a discussion on trade. The Philippines expressed a view that they're appreciative of the general system of preference and suggested that free trade agreement also be concluded between the US and the Philippines," Roque, who was present during the mee...Keep on reading: Duterte pushes for free trade deal during talks with Trump.....»»

Category: newsSource:  inquirerRelated NewsNov 13th, 2017

Hong Kong, Southeast Asian nations sign free-trade pact

MANILA — Hong Kong signed a free-trade agreement and an investment deal yesterday with the Association of Southeast Asian Nations in pacts that it said are a.....»»

Category: newsSource:  philstarRelated NewsNov 13th, 2017

Tale of 2 cities: Olympics sponsors in Pyeongchang and Tokyo

em>By Youkyung Lee and Mari Yamaguchi, Associated Press /em> SEOUL, South Korea (AP) — The Winter Olympics coming to South Korea in February offer an example of the Olympian efforts often required to meet corporate sponsorship goals. Tokyo tells a different story: The coffers are already overflowing for the 2020 Summer Games. It's a tale of two cities and two Olympics — winter and summer. Pyeongchang is a little-known destination in one of South Korea's poorest provinces. It is the 'little town that could,' bidding twice unsuccessfully for the Winter Olympics before winning on its third try. A final push enabled it to reach its sponsorship target of 940 billion won ($830 million) in September, with just five months to go. Tokyo is an established global capital, and the Summer Games usually generate more excitement — and more money. Organizers have raised 300 billion yen ($2.7 billion) in sponsorship, twice any previous Olympics. International Olympic Committee Vice President John Coates describes it as a remarkable achievement. The divergent experiences of two Asian host cities illustrate the challenges that smaller bidders face, as well as South Korea's dependence on the big family-owned companies that dominate its economy. Not that Tokyo is home-free. The cost of the 2020 Games has nearly doubled from initial projections. As with most Olympics, taxpayers will have to foot a good part of the bill. ___ strong>WHERE 'CHAEBOLS' RULE /strong> Starting with the 1988 Seoul Olympics, South Korea has used mega-events such as the soccer World Cup to raise the profile of the country and its manufacturing exporters. Pyeongchang is different. The project was initiated by local politicians in an area long alienated politically and economically in South Korea's rise to prosperity. Some feared people would confuse the city's name with Pyongyang, the North Korean capital. They couldn't count on the automatic support of the huge family-run conglomerates, known as 'chaebol,' such as Samsung, Hyundai and LG. 'When such mega-events were the nation-state's key project, the chaebol were called on and were expected to become the leading participants,' said Joo Yu-min, a professor at the National University of Singapore who co-authored a book on South Korea's use of mega-events. In the end, the national government brought the conglomerates in, first in the bid process, and then for sponsorship. That underscores both the outsized role they play in the economy and their close ties with government. They owe a debt to special treatment from the government, which in turn used them to industrialize the country after the devastating 1950-53 Korean War. After Pyeongchang's bid was rejected a second time, the government called on Samsung and others to help. The president even pardoned Lee Kun-hee, the patriarch of the Samsung founding family who had been an IOC member but voluntarily suspended his membership after being indicted for tax evasion. The IOC reinstated Lee in 2010 with a reprimand and some restrictions, allowing him to lobby heavily for what became Pyeongchang's winning bid in 2011. It took three years for the organizing committee to sign its first domestic sponsor, KT Corp., the country's second-largest mobile carrier. Again, the national government asked the conglomerates for help. All the major ones signed on, after the office of then-President Park Geun-hye made a special request and multichannel pressures for financial assistance, Joo said. Elsewhere, companies may weigh sponsorship decisions based more on the marketing benefits. 'In South Korea, companies make donations out of a sense of duty that they are being part of the national event,' said Park Dong Min, the executive director overseeing membership at the Korea Chamber of Commerce and Industry. Sponsors who signed up late weren't willing to give as much, because there was less time to enjoy the marketing benefits. A bank that signed on less than a year before the Games significantly reduced its sponsorship. To top it off, a massive sports-related political corruption scandal rocked South Korea in 2016, just when Pyeongchang was making last-ditch efforts to raise sponsorship. 'Companies showed some reluctance' to sponsor the Olympics, said Eom Chanwang, director of the Pyeongchang organizing committee marketing team. 'Nevertheless, they still joined.' The scandal brought down Park, the president. Lee Jae-yong, the heir to the Samsung group, received a five-year sentence for bribery. Lee, who has appealed, had become de facto chief of the Samsung group after his father Lee Kun-hee, the IOC member pardoned in late 2009, fell ill. It was the younger Lee who signed an agreement with IOC President Thomas Bach to extend Samsung Electronics' sponsorship of the Olympics globally through 2020. Samsung declined interviews for this story. With the scandal still fresh in people's minds, major companies have held back from launching full-fledged marketing to promote the Games. 'Samsung traditionally has done consumer marketing through the Olympics, but because its chief is in jail, it cannot do as much these days,' said Kim Do-kyun, a sports professor at Kyung Hee University Graduate School of Physical Education. The Pyeongchang Games were the biggest victim of the scandal, he said. ___ strong>SUMMER OF '64 /strong> The president of Japan's biggest toilet manufacturer was seven years old when the Olympics first came to Japan. TOTO Ltd. made news in 1964 for its prefabricated toilet-and-bath units that helped speed the construction of a luxury hotel, the New Otani, in time for the Games. The company, now known for high-tech toilets that baffle some foreign visitors, is back as a sponsor of Tokyo 2020. 'I feel our company and the Olympics have been bonded by fate,' TOTO president Madoka Kitamura said at a sponsorship signing ceremony at the same hotel last year. The $2.7 billion in sponsorship for Tokyo 2020 is more than three times the original estimate. By comparison, sponsorship revenue was $848 million in Rio de Janeiro last year, and about $1.2 billion for both London 2012 and Beijing 2008. The Winter Olympics typically attract less, though Sochi, Russia, raised $1.2 billion in 2014. Analysts attribute Tokyo's success to both patriotism and a sense of nostalgia for the 1964 Summer Games. They were much more than a sports contest for Japan. They were a moment of pride, marking the country's return as an industrial power after the devastation of World War II and a seven-year U.S. occupation. 'All of Japan still recognizes the unique role that the 1964 Olympics played in Japan's stepping out onto the world stage,' said Michael Payne, a former IOC marketing director who now works as a consultant. 'Many of the CEOs of top Japanese companies would have been young kids back in '64 and are very aware of the role those Games played for the psychological recovery from the Second World War.' They grew up with the high-speed 'Shinkansen' bullet train, inaugurated in 1964; modern expressways and western-style toilets, all symbols of Japan's postwar economic growth. 'Now they have become business leaders, they want to contribute and leave something behind that can be remembered for the next 50 years,' said Masahiko Sakamaki, executive director of marketing for the Tokyo organizing committee. He said that memories of the recovery may have boosted interest in sponsorship, as Japan was still reeling from a deadly 2011 earthquake and tsunami when Tokyo won the bid in 2013. Sakamaki said the organizing committee started receiving sponsorship inquiries as soon as it was established in 2014, before the official start of sponsorship contracts in 2015. There is so much interest that the IOC is allowing Tokyo to have multiple sponsors in some categories, instead of the usual one, including in aviation, newspaper publishing, electronics and banking. TOTO officials won't say how much they are contributing, but media reports say companies in its sponsorship category give between 6 billion and 15 billion yen ($53 million to $133.5 million). Tokyo 2020 wouldn't comment on those reports. 'We believe our presence as part of an all-Japan effort toward a successful Olympics will enhance our favorable brand image,' said Mariko Shibasaki, the company's senior planner for sports communication. Thanks in part to robust sponsorship revenue, the organizing committee has increased its contribution to the cost of the games from 500 billion to 600 billion yen ($5.3 billion). The sponsorship revenue makes up half of the income in the privately-run organizing committee's operating budget. Other revenue comes from the International Olympic Committee, marketing and ticket sales. The overall cost of the Tokyo Olympics is estimated at 1.4 trillion yen (12.4 billion) with the Tokyo government shouldering 600 billion yen ($5.3 billion) and the remaining 200 billion yen (1.8 billion) paid by the national government and local governments hosting events. ___ em>Yamaguchi reported from Tokyo. Associated Press writer Stephen Wade in Rio de Janeiro contributed to this story. /em> .....»»

Category: sportsSource:  abscbnRelated NewsOct 12th, 2017

7 Bay of Bengal nations to work for free trade region

KATHMANDU — Seven South Asian and Southeast Asian nations on yesterday agreed to conclude early a free trade accord, implement the Paris agreement on climate.....»»

Category: newsSource:  philstarRelated NewsAug 12th, 2017

Talk Beijing into trade if not sea row, ASEAN told

THE PHILIPPINES must take the lead in bringing down trade barriers to deepen economic integration and urge China to prove its sincerity in cooperating with the region when Manila holds the next Association of Southeast Asian Nations (ASEAN) leaders' meeting in November......»»

Category: newsSource:  bworldonlineRelated NewsMay 1st, 2017

Leaders to promote drug-free ASEAN

VIENTIANE – Leaders of the Association of Southeast Asian Nations (ASEAN) have agreed to work together toward a drug-free region and reaffirmed their commitm.....»»

Category: newsSource:  philstarRelated NewsSep 8th, 2016

Academics from South Korea, Singapore discuss cooperation

SINGAPORE -- Asean, a regional bloc consisting of 10 Southeast Asian nations, is Korea's second-largest trade partner after China, and is expected to be the world's fourth-largest economy.....»»

Category: newsSource:  philippinetimesRelated News10 hr. 43 min. ago