Gunman kills two guards at Saudi royal palace

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File photo : Russian President Vladimir Putin (R) and Saudi King Salman bin Abdulaziz Al Saud (L) meet in the Kremlin, Moscow, Russia on October 5.//EPA-EFE
File photo : Russian President Vladimir Putin (R) and Saudi King Salman bin Abdulaziz Al Saud (L) meet in the Kremlin, Moscow, Russia on October 5.//EPA-EFE

Gunman kills two guards at Saudi royal palace

ASEAN+ October 08, 2017 07:00

By Agence France-Presse

RIYADH – A gunman shot dead two Saudi guards and wounded three others at the gate of the royal palace in the Red Sea city of Jeddah on Saturday, the interior ministry said.

Royal guards killed the gunman, identified by the ministry as a 28-year-old Saudi national armed with a Kalashnikov and three grenades.

“An outpost of the royal guard came under fire by a person who got out of a Hyundai car,” the ministry said in a statement carried by the official Saudi Press Agency.

“He was immediately dealt with and his cowardly act also resulted in the martyrdom” of two royal guards, it added.

The US embassy in Saudi Arabia had earlier cautioned its citizens over reports of the attack.

“Due to the possibility of ongoing police activity, American citizens are advised to exercise caution when travelling through the area,” the embassy said in a brief statement.

The warning comes after the Saudi police raided hideouts of a “terror” cell linked to the Islamic State group this week, killing two people and arresting five others, according to the national security agency.

The State Security Agency said police raided three hideouts in the capital Riyadh and exchanged gunfire at one of them, the SPA news agency reported on Thursday.

Since late 2014, IS has claimed a series of bombings and shootings against Shiites and security forces in the Sunni-majority kingdom.

Saudi Arabia is a member of the US-led international coalition that has been battling the Sunni extremist group in Syria and Iraq.

China’s IP rights boost Internet economy

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People surf the internet in Nanjing Future Network Town, East China's Jiangsu province, May 10, 2017. [Photo/VCG]
People surf the internet in Nanjing Future Network Town, East China’s Jiangsu province, May 10, 2017. [Photo/VCG]

China’s IP rights boost Internet economy

Tech October 07, 2017 01:00

By China Daily/ANN

BEIJING – Rising value of online copyright industry shows the progress Beijing has made in protecting intellectual property

While raising doubts over China’s intellectual property (IP) laws and practices, the United States should not ignore the progress Beijing has made in those areas. For example, guaranteeing full protection to IP rights online is a difficult task, yet the government has taken measures to address the problem and make remarkable progress in this regard.

According to a China Internet Network Information Center report, by the end of last year China had about 731 million Internet users and the total value of Internet copyrights exceeded 560 billion yuan (US$85 billion). But online piracy, too, has grown with the Internet industry, harming the protection of IP rights online. Piracy is the most serious online copyright violation, because of the low costs and low risks involved, and the high profits it can fetch.

This year’s China Network Intellectual Property Development Report indicates that the country’s core online copyright industry increased 31.3 percentage points last year compared with 2015, with the online game industry being worth 180 billion yuan, online literature 10 billion yuan, and online videos 5.21 billion yuan. But for online piracy, these figures could have been bigger.

Data from iResearch Consulting Group show that in 2015 and 2016, piracy caused losses of 7.97 billion yuan and 7.98 billion respectively to the online literature sector. The paid-for mobile-reading sector was worth 4.36 billion yuan and 5.02 billion in 2015 and 2016 respectively. There is little doubt that China, despite some drawbacks in its IP laws and practices, has made tremendous efforts to protect IP rights online.

Since 2005, government departments, such as the National Copyright Administration and the Ministry of Industry and Information Technology, have been leading a campaign called Sword Net to combat online piracy in literature, music, videos and games.

As a result, many websites involved in IP piracy have been shut down. And because of the increasing awareness of IP protection, establishing a foolproof system for protecting online copyright has become an important task for the government, for which it has implemented more comprehensive laws.

Besides, to combat piracy and protect new media’s copyrights, 10 mainstream media outlets and websites formed an association at the National Conference on Copyright Protection in Digital Environment in April.

The association is expected to play an active role in managing copyrights, making rules and negotiating prices, and thus help its members protect their legitimate rights.

The National Copyright Administration directly supervises more than 3,000 websites, including Baidu, Youku and 18 other influential video platforms, to ensure they closely monitor the content published.

Moreover, due to strengthened IP protection, more online video copyright owners are getting their share of payment. And this year’s Global Music Report issued by the International Federation of the Phonographic Industry said the digital music sector markedly increased in scale last year to hit 15 billion yuan.

Strengthened online copyright protection has also facilitated technological and cultural innovations and creations, a new driver of economic growth.

As such, better IP rights protection will boost the mobile Internet, the Internet of Things and other related sectors, including artificial intelligence, and help China to become a stronger Internet economy.

The author is a fellow at the Center for China and Globalization and a researcher at the State Administration of Press, Publication, Radio, Film and Television of China.

Road to a better rail system in Singapore

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Road to a better rail system in Singapore

ASEAN+ October 07, 2017 01:00

By The Straits Times/ANN)

SINGAPORE – Signs are pointing towards a more single-minded approach to the MRT system.

Three separate events last month offer new hope that the rail industry here is evolving for the better.

The first was SMRT clinching the operating contract for the Thomson-East Coast Line. It beat rival SBS Transit, a company which arguably has a better track record as far as recent reliability statistics go.

SMRT’s bid, at 30 per cent lower than SBS Transit’s, was however, hard to pass up. In assessing bids which involve taxpayers’ money, value for money ranks high.

And there are signs that SMRT has learnt its lesson from past mistakes. Parent group Temasek Holdings has taken the company private and the Government has bought over all its operating assets under the New Rail Financing Framework.

These moves free SMRT from the pressures of market expectations and possible disputes over which assets it is responsible for replacing when the time comes.

For sure, SMRT would not have been able to put in such a low bid if it had still been listed. That 30 per cent difference could well be the entire profit margin from the operating contract, assuming SBS Transit’s submission was competitively priced. Investors would have railed against such a bid.

The tender result is significant because it leaves SBS Transit with only a little over 20 per cent of the rail market in terms of passenger capacity. (The Cross Island Line will be the next new line, but that is several years down the road.) The situation is thus not tenable for the company, which entered the rail sector two decades ago when the Government called on operators to go “multi-modal” for better competition.

Back then, many questioned if Singapore was big enough a market for two rail operators. In 2003, then Transport Minister Yeo Cheow Tong suggested that reverting to one rail operator would make “good sense” as there would be better cost savings and pooled expertise.

This was followed up by a proposal from Lim Jit Poh, chairman of ComfortDelGro Corp, which owns SBS Transit. Mr Lim suggested to the Government that it should do one of two things: Pave the way for a mega-merger of the two transport operators; or have one run all buses and the other, all trains.

With SMRT now being fully owned by Temasek, perhaps the merit of what Lim and Mr Yeo had said can be re-examined more objectively. Certainly, there is some wastage in having two operators for such an engineering-intensive and capital-intensive industry, especially given the limited market size.

This brings us to the second development, in which SMRT’s technical advisory panel called for the operator to grow and nurture its own engineering expertise instead of relying on third-party vendors.

Professor Kristin Wood, a panel member and co-director of the SUTD-MIT International Design Centre at the Singapore University of Technology and Design, said: “It is essential for the future of SMRT not to rely on vendor capabilities.”

Another member, National University of Singapore engineering dean Chua Kee Chaing, said a rail operator needs engineers with “deep engineering expertise” in all areas, including rolling stock, signalling and power systems.

There have been a number of incidents which underscore the importance of this, but none better than last year’s mysterious signal interference episode on the Circle Line.

For weeks on end in August, September and November last year, trains on the line would stall for no apparent reason. SMRT and the Land Transport Authority knew there was some signal interference but did not know what was causing it.

It took engineers from the Defence Science and Technology Agency and the Defence Science Organisation just one weekend to track the source of the interference.

Perhaps that is what Professor Chua meant by “deep engineering expertise”. With good engineers in such short supply, a single rail operator with pooled expertise is only logical.

The third development pertains to SMRT signing a memorandum of understanding with Prasarana Malaysia – Malaysia’s largest public transport provider – to form a joint venture company for the Johor Baru-Singapore Rapid Transit System (RTS) Link.

The joint venture company is expected to design, build, finance, operate and maintain the rail link, which is a northward extension of the Thomson-East Coast Line. It will also be responsible for renewing operating assets such as trains, tracks and systems.

This model is in effect similar to what Hong Kong has for its MTR system, and what Taiwan has for its nationalised Taipei Metro – two of the world’s most reliable systems. This is because the interests of all parties involved in the two systems are well aligned.

After all, if a system had an inferior design, the builder will have a hard time constructing it. If the builder used inferior materials or methods, the operator will end up with a glitchy system. If the operator has a hard time just keeping the system in running order, it will have less resources for asset renewal.

The Bukit Panjang LRT comes to mind. Whether it was built because of “political pressure” is immaterial and irrelevant. The people who built it should have compensated for the challenging terrain, for instance, by levelling the viaduct by using supporting columns of different heights. And if the alignment was full of sharp turns – an unavoidable feature in the first place – why apply an intricate two-in-one power-and-signalling system?

With the Hong Kong or Taipei model, which the JB-Singapore RTS Link will adopt, the vicious circle which brought about entities with diverging interests can become a virtuous circle.

Now, imagine if all MRT lines here were built this way, operated and maintained by people with deep engineering expertise, sourced from within one big organisation that is single-minded in its goal.

Can that be achieved? Without reading too much into the three events, suffice to say, it is a start.

These developments signal a new willingness to chart a new course for the rail industry. With the network doubling in length by 2030, along with a commensurate growth in ridership, Singapore must realise that the foundation for a reliable and robust system is laid well before the ground-breaking.

Experts mull eco-tourism-biodiversity balance

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Tourists go kayaking on Chày River in the Phong Nha – Kẻ Bàng National Park in Quảng Bình Province. — VNA/VNS Photo
Read more at http://vietnamnews.vn/society/395105/eco-tourism-should-not-destroy-biodiversity-experts.html#qCCKywi7eGrLEXFf.99
Tourists go kayaking on Chày River in the Phong Nha – Kẻ Bàng National Park in Quảng Bình Province. — VNA/VNS Photo Read more at http://vietnamnews.vn/society/395105/eco-tourism-should-not-destroy-biodiversity-experts.html#qCCKywi7eGrLEXFf.99

Experts mull eco-tourism-biodiversity balance

ASEAN+ October 07, 2017 01:00

By Viet Nam News/ANN

HANOI – Rapid and haphazard development of tourism infrastructure in natural reserves and SUFs in the last few years has raised concerns that development was taking place at the expense of the environment.

Instead of being wary about investors, tourism management authorities should collaborate with them in preserving the natural environment, says Dr Nguyen Hong Tri, Secretary of the National Committee for UNESCO’s Man and the Biosphere Programme (MAB) in Vietnam.

With about 2.3 million hectares of special use forests (SUF), 31 national parks and 68 natural reserves, and dozens of other forests, Vietnam is seen as a prime eco-tourism destination.

However, rapid and haphazard development of tourism infrastructure in natural reserves and SUFs in the last few years has raised concerns that development was taking place at the expense of the environment.

Tourism inside and around protected areas like the Phong Nha – Ke Bang and Bach Ma national parks, as well as the Son Tra and Lung Ngoc Hoang natural reserves, has also raised concerns over the loss of biodiversity.

Ways to address these concerns and preserve the nation’s natural environment in the context of an eco-tourism boom were discussed at a conference held in Hanoi on Wednesday.

Most tourism projects in the country are implemented without conducting comprehensive environmental impact assessments (EIA), said Dr L Hong Lan of the Vietnam Association for Conservation of Nature and Environment. The result is that the risks and consequences that the projects can have on the environment are not accounted for, she said.

Current regulations only require tourism investors to address damage caused to forests by paying money or replanting trees, “but such losses can’t be measured with money, like losing rare animals like rhinos,” Lan said.

“Re-growing forests does not ensure recovery of biodiversity,” she said, adding that regulations should require investors to restore biodiversity in damaged areas.

Overlaps and loopholes in laws and regulations on natural resource management have complicated the task of preserving biodiversity in the country, public policy specialist Nguyen Quang Dong said at the conference.

For example, the 2010 decree on SUF management actually allows investors to engage in activities forbidden by the Law on Forest Protection and Management, he said.

Both the environmental and agricultural ministries have their own guidelines on planning natural reserves for tourism, which are too many, unstructured, and too complicated, he added.

“They need to redefine their functions and untangle this management mess,” he said.

Dr Nguyen Quoc Dung of the Institute of Investigation and Forest Planning, said that management of national parks has been arbitrarily decentralised in some localities.

Instead of being managed by the provincial People’s Committees as regulated, some national parks are being administered by lower-level agricultural and forest protection departments, he said.

Dr Nguyen Hong Tri, secretary of the National Committee for MAB Vietnam, said that the private sector, particularly tourism investors, should not be excluded from the policy making process.

“Tourism is an important sector for economic development, and it should be encouraged to grow,” he said.

“Since private investors have their own perspectives on tourism, public management agencies and policy makers should not be ‘scared’ of them, but instead engage them in dialogues and collaborate with them in the task of environmental protection,” he added.

Other experts proposed a comprehensive review and evaluation of environmental preservation and development in the last two decades, so that a more effective legal foundation can be laid for eco-tourism development.

“The carrying capacity of facilities at eco-tourism sites, and the monetary value of biodiversity loss caused by eco-tourism, are the two most difficult factors to evaluate,” said Nguyen Viet Dung, deputy director of the Center for People and Nature.

AEC Feed

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AEC Feed

ASEAN+ October 07, 2017 01:00

By Asia News Network

Cambodia rice exports grow on strength of China quota

Cambodian rice exports increased nearly 17 per cent during the first nine months compared to the same period last year, with exporters pushing to fill orders under China’s higher import quota as European markets remained steady.

A total of 421,900 tonnes of rice was exported between January and September, a 16.7 per cent increase compared to the first nine months of 2016, according to government data published on Thursday.

China – which has agreed to accept 200,000 tonnes of rice this year – was the top destination for rice shipments, receiving 124,700 tonnes during the period, with 53,900 tonnes and 35,400 tonnes delivered to France and Poland, respectively. – The Phnom Penh Post

Indonesia may allow foreigners to own properties

The Indonesian government is preparing a land bill, which among other things, allows foreigners to own properties, whose construction is based on building-use permits (HGB).

“In the bill, the government proposes several changes, including to allow foreigners to have apartments, whose construction licenses are in the form of HGB,” Agrarian and Spatial Minister Sofyan Djalil said.

The existing basic law prohibits foreigners from either fully owning plots of land or controlling property and land construction based on the HGB permit.

Sofyan, however, stressed the bill was still in its early stage, which would be discussed by government officials before it was submitted to the House of Representatives for deliberation. – The Jakarta Post

RP, Japan sign restated bilateral swap agreement

The central banks of the Philippines and Japan yesterday signed the restatement of their third bilateral swap agreement (BSA), a stop-gap measure for short-term liquidity problems, after it expired this month.

In a statement, the BSP said it and the Bank of Japan, which acted as the agent for Japanese Finance Minister Taro Aro, signed the restated BSA, which also took effect yesterday.

Similar to the third BSA, the restated agreement “enables the Philippines to swap its local currency against Japanese yen, in addition to US dollars of up to $12 billion equivalent for the Philippines and $500 million for Japan,” the BSP said.

“The authorities of both countries believe that the strengthened bilateral financial cooperation will contribute to the stability of financial markets, promote the use of local currency including the Japanese yen in Asia in the medium term, and thereby further develop growing economic and trade ties between the Philippines and Japan,” according to the BSP.

During the meeting of Asean and Japan’s finance ministers and central bank governors in Yokohama, Japan last May, the Japanese government proposed to extend its BSA with the Philippines and other Asean countries. – Philippine Daily Inquirer

Indonesian tax dodgers use beneficial ownership system

Many taxpayers in Indonesia have used the beneficial ownership system, which involves controlling companies without being listed as shareholders, to avoid taxes.

Financial Transaction Reports and Analysis Center (PPATK) legislation deputy director Fithriadi has said that by becoming a beneficial owner, people did not state their ownership or income in their tax form, but they received payments from the company.

“The taxpayers put the asset ownership on their asset managers’ names,” said Fithriadi in Jakarta on Thursday.

He said the system was not only used by people to avoid paying taxes, but it was also used by corrupt people to avoid legal charges.

Citing an example, he pointed to a corruption case of videotron procurement in 2012 in the Cooperatives and Small and Medium Enterprises Ministry. The convicted person had listed his office assistant as the president director of his company in an attempt to avoid legal charges.

Transparency International Indonesia researcher Wahyudi Tohari said that global money laundering amounted to around US$800 billion to $2 trillion per year.

“Big corruption [suspects] are using dummy corporate [persons] to blur their identities and in 25 per cent of bribery cases, the money was transferred through the corporate [persons],” he said. – The Jakarta Post

Philippine startup vies for global acclaim

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Philippine startup vies for global acclaim

ASEAN+ October 07, 2017 01:00

By PHILIPPINE DAILY INQUIRER
ASIA NEWS NETWORK
MANILA

MR. Geek Mobile Solutions, Inc. announced that it had been included as one of the tech startup entrants vying for the Asian Entrepreneurship Award (AEA) 2017.

The company is the only entry from the Philippines that qualified to receive the prestigious award this year, which attracts hundreds of tech startups from all over Asia. It joins 21 other companies from the region who will compete for the award, which was established in Japan to foster innovation through collaboration among young startup Asian companies.

Mr. Geek Mobile Solutions, Inc. will present its “MyStart-Apps,” a free mobile application platform that seeks to benefit various Micro, Small- and Medium-scale Enterprises or MSMEs. By using MyStart-Apps, MSMEs will now have the ability to create decent, high quality and fully customizable mobile app through a user-friendly platform in less than 30 minutes and is absolutely free.

This will enable MSMEs to save on cost of development and allocate their budget to other more essential needs in running their business.

By building one’s business on MyStart-Apps allows promising startups to build their business and provide more value to their brand. With MyStart-Apps, the business can now communicate directly to their customers by sending notices, updates and even advertisements to customers’ digital devices, particularly smartphones powered either by Android or iOS.

“As a young tech startup company, it had always been our dream to be recognised internationally as an app developer from the Philippines and make the country proud.”

Malaysia light rail contracts awarded

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Malaysia light rail contracts awarded

ASEAN+ October 07, 2017 01:00

By THE STAR
ASIA NEWS NETWORK
PETALING JAYA

A SLEW of contracts for Malaysia’s Light Rail Transit Line 3 (LRT3) was awarded to three listed companies totalling 4.15 billion ringgit (Bt32.7 billion) in value.

The awards will beef up the order books of these companies and boost the construction sector as a whole.

Earlier this year Prasarana Malaysia, the project owner of LRT3, awarded close to 1.8 billion ringgit worth of jobs related to LRT3.

Of Thursday’s awards, the largest package was secured by construction giant Sunway Construction Group for 2.308 billion ringgit , followed by Gabungan AQRS, a mid-cap construction player, which bagged a 1.205 billion ringgit package. WCT Holdings Bhd was the third recipient, which was awarded a contract of 640 million ringgit.

SunCon’s award was for works for Package GS07-08 from Bandar Utama to Johan Setia in Klang.

“The project is for a period of 36 months and is expected to be completed by the fourth quarter of 2020. The project is expected to contribute positively to the earnings of SunCon from the financial year ending December 31, 2017 (FY17) onwards,” the company said in a filing with Bursa Malaysia.

SunCon added that the contract was its fourth elevated rail project and its largest single project in 36 years.

Group managing director Chung Soo Kiong said: “The award brings our order book replenishment to 3.75 billion ringgit for the year.

“Our total outstanding order book now stands at 6.5 billion ringgit, the highest ever since our inception, with a high visibility for future earnings.”

Gabungan AQRS, meanwhile, said that its unit Gabungan Strategik Sdn Bhd was awarded Package GS04 involving the construction and completion of guideways, stations, park and ride, ancillary buildings and other associated works.

“The project is for a period of 38 months and is expected to contribute positively to group earnings for FY17 onwards.

Singapore looks into StanChart transfers

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Singapore looks into StanChart transfers

ASEAN+ October 07, 2017 01:00

By THE STRAITS TIMES
ASIA NEWS NETWORK
SINGAPORE

REGULATORS in Europe and Asia are investigating Standard Chartered (StanChart) over the role staff may have played in transferring US$1.4 billion of private bank client assets from Guernsey to Singapore before new tax transparency rules were introduced, sources said.

The Monetary Authority of Singapore (MAS) and Guernsey’s Financial Services Commission are investigating the chain of events, said the sources. The UK Financial Conduct Authority, Standard Chartered’s home regulator, is aware of the transfers, but is not currently reviewing them, one person familiar with the matter said in a Bloomberg report.

The assets – held in its Guernsey trust unit for mainly Indonesian clients, some of whom had links to the military – were moved in late-2015 before the Channel Island adopted the Common Reporting Standard, a global framework for the exchange of tax data, at the start of 2016, the sources said. Standard Chartered shuttered its operations on the island last year.

Standard Chartered’s processes and the way the transfers were handled are being examined, but regulators haven’t suggested that bank employees colluded with clients to evade tax, the sources said.

The bank conducted an inquiry and notified regulators after employees raised questions early last year about the timing of the transactions and whether the source of customers’ funds had been properly vetted, said the sources, who declined to be identified because the details are private.

Stream of misconduct issues

Chief executive Bill Winters has dealt with a near-constant stream of misconduct issues old and new in his two-year tenure, from violating US sanctions on Iran to accusations of bribery in Indonesia. The scandals have overshadowed his efforts to turn around the Asia-focused lender. Last year, the CEO introduced a tighter code of conduct, saying senior staff had been flouting ethics rules and saw themselves as “above the law”.

The bank remains under the scrutiny of an independent monitor until December 2018 as part of a deferred prosecution agreement with the US in 2012. It has paid almost US$1 billion in settlements for engaging in deals with Iran and for failing to improve anti-money laundering systems. If the lender slips up significantly again, it could face further fines or even the loss of its US banking licence.

A focus of the bank’s internal investigation was whether Standard Chartered had adequately scrutinised the source of the customers’ funds and performed the appropriate “know your client” due diligence, the sources said.

Employees of the trust in Guernsey and relationship bankers in Singapore flagged the US$1.4 billion of asset transfers, when they were first proposed in 2015, noting a sudden flurry of requests in what was previously a static series of accounts, sources familiar with the timeline said.

The transfers were approved by Standard Chartered’s financial crime compliance team after a review, they said.

Guernsey staff highlighted disparities between the earnings of some customers and balances in their accounts: In the most egregious cases, clients had a stated annual income of tens of thousands of dollars yet held tens of millions in their accounts, the people said.

Those with links to the military were considered politically exposed persons and should have been subject to a higher level of scrutiny, the sources said.Regulators from Guernsey have travelled to the UK to interview some of those involved in executing and approving the transfers, some of the people said.

The firm’s probe also examined if staff breached its code of conduct when making the transfers, and considered if the timing was related to the impending introduction of the CRS tax rules in Guernsey, the people said.

Under the CRS, around 100 countries agreed to automatically share annual reports about accounts belonging to people subject to taxes in each member nation.The UK, Guernsey, Singapore and Indonesia have all signed the treaty, but adopted the standard on different timelines. Guernsey – a British island in the English Channel and a well-known low-tax, offshore financial centre – adopted the CRS in 2016 and will make its first report this year. Singapore didn’t enforce the CRS until the start of this year and will not exchange any tax information until 2018.Last July, Standard Chartered said it was shutting down its Guernsey office and transferring all its trust and fiduciary services to Singapore, citing “shifting client needs”.Michael Welch, former head of the FBI’s international outposts, helped run the bank’s internal probe until he departed for the FCA in August 2016, where he is now the director of retail and regulatory investigations. Shaun Mistry, the bank’s head of regulatory investigations and special projects, oversaw the lender’s review, the people said.

The FCA declined to make Welch available for comment, while Standard Chartered also said Mistry wouldn’t comment.

The bank has made numerous attempts to improve its compliance controls, including forming a board-level financial crime risk committee in 2015 and hiring detectives from the FBI, Scotland Yard, Hong Kong police and the New Zealand intelligence agency for its internal investigations team, Bloomberg News reported last year.

Expo draws 65

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Expo draws 65

ASEAN+ October 07, 2017 01:00

By THE JAKARTA POST
ASIA NEWS NETWORK

THE INDONESIAN Trade Ministry has announced that buyers from 65 countries have signed up to attend Trade Expo Indonesia (TEI) 2017, which will be held at the 50,000-square-metre Indonesia Convention Exhibition (ICE) in BSD City, Banten, from October 11- 15.

“Those buyers registered online to visit TEI 2017,” said the Trade Ministry’s national export development director general, Arlinda, in Jakarta on Thursday, adding that the data of the buyers was collected up to October 4. She did not mention the number of buyers, but the ministry set a target of involving 16,000 buyers during the event with a transactions target of US$1.1 billion.

“We expect these buyers to further cooperate with Indonesian exporters,” she said.

She said the ministry received 6,658 requests for Indonesian products, most of which were food and beverages, manufacturing products and services, and furnishings and furniture.

The annual event comes at a time when Indonesia is struggling to jack up its exports amid weak overseas demand. This year, the country hopes to raise exports by 5.6 per cent to $154.6 billion.

TEI 2017 will showcase a wide variety of goods and services, such as culinary products, furniture, premium products, products of strategic industries and state-owned enterprises, manufacturing, food and beverages and regional-made premium products.

The exhibition will also showcase two special zones: the Indonesia Design Development Centre (IDDC) and Germany’s Import Promotion Desk (IPD).

Asean tightens cooperation in agriculture

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Asean tightens cooperation in agriculture

ASEAN+ October 07, 2017 01:00

By VIENTIANE TIMES
ASIA NEWS NETWORK
VIENTIANE

LAOS WILL BENEFIT from closer cooperation in agriculture and forestry with other Asean countries as well as with China, Japan and South Korea after productive talks during meetings held recently in Thailand.

Minister of Agriculture and Forestry Dr Lien Thikeo attended the 39th Asean Ministers on Agriculture and Forestry (AMAF) meeting and the 17th Asean Plus Three meeting in Chiang Mai, along with ministers from other countries in the region.

The purpose of the gatherings was to decide on mechanisms for monitoring performance, and setting policies and guidelines for standards and practices in agriculture and forestry among Asean members.

Asean members agreed to adopt practices relating to food safety and agricultural products in line with Asean practices and global changes.

The first round of talks involved a senior officials meeting on agriculture and forestry where officials from the 10 Asean countries considered and approved issues relating to various proposals put to the AMAF.

The second gathering comprised the senior officials and Asean ministerial meeting on agriculture and forestry along with ministers from China, Japan and the Republic of Korea, as well as a session at the permanent secretary level. Also on the agenda was a meeting of Asean senior agricultural officials together with their counterparts from China, Japan and the Republic of Korea.

Third on the programme was the 39th Asean ministerial meeting on agriculture and forestry, followed by the Asean ministerial meeting on agriculture and forestry with the bloc’s three trading partners of China, Japan, and the Republic of Korea. The conference also reviewed projects undertaken in 2018.

Participants discussed the revision of the framework and restructuring of the working scheme with the aim of reducing some sectors, as well as approving Asean cooperation in agricultural, food and forestry strategies.