Commentary: Indonesian talks to co-host the 2034 World Cup was an ASEAN mirage

THERE NEVER WAS A GENUINE OPPORTUNITY FOR SINGAPORE

So did Singapore and Southeast Asia really lose its best opportunity to host football’s blue riband event? The answer begets a pertinent question: “Was this a genuine opportunity?”

The answer is an emphatic “no”. After Saudi Arabia announced its interest, there was really no room for a rival bid of any kind.

The Association of Southeast Asian Nations (ASEAN) had met in 2019 to discuss the possibility of a future joint bid for the World Cup, but nothing concrete came out of that.

The Football Association of Malaysia had vehemently denied reports of a joint bid, adding that they had no intentions of bidding to host the World Cup “anytime soon”. The Football Association of Singapore did not respond to media queries about the joint bid, signalling that they perhaps didn’t know much about it or was not willing to share their thoughts on a bid where they were mere passengers.

There is no doubting the hosting capabilities of both Malaysia and Singapore, the former having hosted the 1998 Commonwealth Games quite successfully and the latter having a proper state-of-the-art facility in the form of the S$1.33 billion Sports Hub simply crying out to host a major event.

But the football in both countries isn’t what you would term world class. Malaysia is 147th in the FIFA World Rankings, while Singapore is at 159. The state of Singapore football is such that there is a sweepstakes running to predict the goal-difference for Singapore in their upcoming six World and Asian Cup qualifiers against China, Thailand and South Korea. Most predictions are leaning towards larger numbers.

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Albanese gives ASEAN a lesson on how to handle China

MANILA – Following his much-anticipated meeting with Australian Prime Minister Anthony Albanese, Chinese paramount leader Xi Jinping hailed a “new starting point” in bilateral relations after years of escalating tensions and a tit-for-tat trade war.

“The China-Australia relationship has embarked on the right path of improvement and development. I’m heartened to see that,” the Chinese leader said.

Xi expressed his sincere hopes that the two countries could become “trusting partners” by focusing on areas of shared concern including climate change and regional security. “The progress we have made in advancing our relationship over that time has been unquestionably very positive,” Albanese added while standing beside his Chinese counterpart.

“Trade is flowing more freely to the benefit of both countries,” he said, with bilateral trade hitting a historic high of more than US$300 billion this year. To facilitate the thaw in bilateral ties, Beijing indicated a partial lifting of de facto sanctions on Australian imports while earlier releasing an Australian citizen, Cheng Lei, a prominent journalist who was detained in 2020 on what Canberra believes were politically motivated charges.

“Australia is the first US ally to make a clear change in its attitude toward China after a fierce conflict with China since the US defined China as its No 1 strategic competitor,” declared the Global Times, China’s Communist Party-run mouthpiece newspaper.

“Japan, South Korea, the Philippines and even US allies in Europe [should] think about themselves given the ups and downs of China-Australia relations,” it added while suggesting Albanese’s policy could serve as a “model” for other US allies in the region.

Albanese’s successful visit demonstrates both the importance of proactive engagement to avoid unnecessary tensions as well as calibrated deterrence, with Canberra expected to double down on its security cooperation with the US and like-minded partners in the Indo-Pacific.

It’s clear by now that Australia’s China strategy is highly relevant to Southeast Asian nations such as the Philippines, which is now confronting escalating tensions with China over a whole host of geopolitical issues including hotly contested territories in the South China Sea.

Strategic reboot

Not long ago, China effectively dismissed Australia as America’s “deputy sheriff” in Asia. After a decade of warm relations, largely a legacy of prime minister Kevin Rudd’s Beijing-friendly foreign policy, Australia began to revisit its relations with Beijing in the mid-2010s.

Although the Malcolm Turnbull administration welcomed “strong and constructive ties with China,” it soon began cracking down on Beijing’s malign influence operations. The upshot was a crackdown on pro-Beijing politicians, most notably the disgraced Labour Senator Sam Dastyari, in Canberra and new legislation that aimed to curb Chinese influence as well as strategic investments in Australia.

But it was under the conservative Scott Morrison administration that Australia-China relations took a decided nosedive. Instead of establishing guardrails in bilateral relations, Canberra began fortifying military cooperation with its Quadrilateral Security Dialogue (Quad) partners and, most dramatically, ditched a multi-billion dollar submarine deal with France in favor of a nuclear-powered submarine under the AUKUS (Australia-UK-US) alliance.

The US, UK and Australia AUKUS defense alliance is a shot across China’s bow. Image: Twitter

Crucially, Canberra barred Chinese high-tech investments in critical infrastructure, most notably Chinese telecom giant Huawei’s participation in its 5G rollout, and, to Beijing’s chagrin, called for an international inquest into the origins of Covid-19 at the height of the pandemic, a move that could have finally resulted in calls for China to pay reparations.

In response, Beijing raised tariffs on Australian imports including barley, wine and coal, and placed a de facto diplomatic freeze on bilateral relations.

Once elected into office, Labor Prime Minister Anthony Albanese launched a major policy reboot, which has turned out to be not too different from how the Democratic Joe Biden administration approached his Republican predecessor Donald Trump’s antagonistic policy toward China.

On one hand, the Albanese administration signaled policy continuity by underscoring its commitment to the Quad as well as maximizing the potential of AUKUS. As Foreign Minister Penny Wong has made clear, Canberra had “actually already chosen” a side between the two superpowers and that robust military alliance with the US now enjoys “deep bipartisan support.”

Moreover, the Albanese administration also doubled down on security cooperation with like-minded Southeast Asian nations, most notably Vietnam and the Philippines, which are also at loggerheads with Beijing over disputed resources and islands in the South China Sea. Nevertheless, the Albanese administration also expressed its commitment to de-escalating diplomatic tensions with China.

Geopolitical lessons

During his visit to Beijing, Albanese said that a “double balancing” act was not impossible. In particular, he said he drew on the advice of former Australian prime minister John Howard, who once wrote about his dealings with China:

“I said to [former Chinese president] Jiang Zemin that what we have to try and do is focus on areas where we agree rather than obsessing about areas where we don’t agree.” His counsel to successors was clear: “[C]ooperate where we can, [and] disagree where we must.”

During his four-day trip to Beijing, Albanese focused on establishing guardrails in bilateral ties through the relaxation of certain Chinese sanctions, which is expected to immediately boost bilateral trade by $6 billion. Albanese reassured China that Australia was against economic “decoupling” and refrained from public criticism of China in favor of gently raising areas of disagreements, including on human rights.  

At the same time, Albanese made no concessions on his country’s AUKUS alliance, deepening defense ties with India under Quad and expanded maritime security cooperation with Vietnam and the Philippines.

Nor was there any indication that Australia is interested in returning to the “good old days” of Mandarin-speaking prime minister Kevin Rudd, who saw both Australia and China as part of a broader “Asia-Pacific community.” 

Australia’s China policy is particularly relevant for Southeast Asian states such as the Philippines, whose relations with Beijing have recently hit a new nadir.

Over the past year, Manila has expanded security cooperation with the US while reconsidering and canceling certain promised but not delivered big-ticket Chinese infrastructure investments. Meanwhile, it has more proactively pushed back against China’s expanding presence in Philippine-claimed waters and more broadly across the South China Sea. 

Albanese’s successful “double-balancing act” shows the importance of proactive engagement coupled with strategic conviction. Despite the imposition of sanctions on Australian imports, Canberra’s trade with China still expanded to $300 billion in 2022. So far it seems unlikely that Beijing will impose any sanctions on Manila anytime soon.

Moreover, the Philippines, which unlike Australia has direct territorial disputes with China, can’t afford to not seek help from more powerful allies such as the US given the extreme asymmetry of military power vis-a-vis China.

A Philippine naval officer stands guard during the arrival of American missile destroyer USS Chung Hoon before US-Philippine joint naval military exercises in a file photo. Photo: Asia Times Files / AFP / Noel Celis / Getty Images

But it is also vital for Manila to calibrate its defense cooperation with the US, especially in regard to how much, if any, access it allows US forces to Philippine bases situated near Taiwan’s southern flank under the expanded Enhanced Defense Cooperation Agreement (EDCA) pact.

The Albanese administration has shown that if a nation holds its ground long enough, China may be willing to accept a new equilibrium in bilateral relations.

The Philippines and others in Southeast Asia could draw diplomatic inspiration from Australia’s proactive and subtle engagement with China to enhance cooperation in areas of shared concern while drawing hard lines on contested core interests. It’s arguably a balance many in the region need to strike to prevent potentially devastating conflicts.  

Follow Richard Javad Heydarian on X, formerly Twitter, at @Richeydarian

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ការអភិវឌ្ឍ «ចរីភាព» ៖ កម្ពុជាប្រឈមនឹងការបាត់បង់ជីវចម្រុះនៅឯព្រំដែន

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ព្រះអាទិត្យ​រះនៅ​តំបន់វាល​ធំ​ ដែលជាវាលស្មៅលើភ្នំ ក្នុង​ឧទ្យាន​ជាតិ​វីរៈជ័យ​របស់​ប្រទេស​កម្ពុជា ដែល​ជា​ឧទ្យាន​បេតិកភណ្ឌ​អាស៊ាន​តែ​មួយ​គត់​ក្នុង​ប្រទេស។ Anton L. Delgado

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គម្រោងសាងសង់ទំនប់វារីអគ្គីសនីទ្វេរដង

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The Japan Times was published in the following year:

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ការចំណាយដ៏ច្រើនទៅលើការផលិតថាមពលស្អាត

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ពពកពូនពីលើតំបន់ភ្នំវាលធំក្នុងឧទ្យានជាតិវីរៈជ័យរហូតទៅដល់ជួរភ្នំអណ្ណាម។ 
Anton L. Delgado

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Sinovas says,” Sinovas, you’re here!”

លោក Pablo Sinovas ជានាយករបស់អង្គការសត្វព្រៃ និងរុក្ខជាតិអន្តរជាតិប្រចាំកម្ពុជា កំពុងដំឡើងកាមេរ៉ាថតសត្វ នៅឧទ្យានជាតិវីរៈជ័យ ជាមួយនឹងលោក ឈឺត ធំ មន្ត្រីឧទ្យានុរក្សរបស់ក្រសួងបរិស្ថាន។ Anton L. Delgado

Fauna &amp, Flora&nbsp, ( large-antlered muntjac ) ( northern yellow-cheeked giboon )

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ព្រះអាទិត្យកំពុងអស្តង្គត ខណៈដែលព្រះច័ន្ទកំពុងបង្ហាញខ្លួននៅតំបន់វាលធំ ដែលជាវាលស្មៅនៅលើភ្នំ ស្ថិតក្នុងឧទ្យានជាតិវីរៈជ័យ។ Anton L. Delgado

Marc Thayre said,” I’m sorry,” andnbsp,

Thayre said,” I’m sorry, but I have to go,” andnbsp,

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 Anton L. Delgado

[ Thayre ] ] ] [ /]

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ការពឹងផ្អែកលើឥណទានកាបូន

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តស៊ូដើម្បីវីរៈជ័យ

លុយមិនអាចធ្វើអ្វីៗបានគ្រប់យ៉ាងនោះទេ។

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ប្រជាសហគមន៍ការពារធម្មជាតិមកពីសហគមន៍ព្រៅ អង្គុយបឺតបារីថ្នាំខ្លាំងមូរជាមួយនឹងស្លឹកឈើ។ Anton L. Delgado

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លោក ស្រា អឺ ប្រធាន​ស្នាក់ការរដ្ឋបាលព្រៃឈើ​តាវែង ថ្លែង​អំពីទំនាក់ទំនងនៃជនជាតិដើមភាគតិចព្រៅ ទៅ​នឹងឧទ្យាន​ជាតិ​វីរៈជ័យ​របស់​កម្ពុជា។ Anton L. Delgado

“” ‘…”

« ]»


The Southeast Asia Globe, The Japan Times, Pulitzer

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EU loud, ASEAN silent on China’s economic coercion

In October 2023, the European Parliament approved the Anti-Coercion Instrument (ACI) with 578 votes in favor, 24 against, and 19 nays. &nbsp,

The European Commission will look into possible cases of economic force under this legislation and report its findings to the congress. If the legislature is satisfied that force has taken place but is unable to end it diplomatically, it may get restitution from the insulting party or put in place countermeasures.

At the 2023 G7 Hiroshima Summit, where member states unveiled the Coordination Platform on Economic Coercion ( CPEC ), this was also on the agenda. This mechanism will make it easier to share information and issue first warnings, allowing for the implementation of proactive measures to combat&nbsp, financial coercion, and threats.

While American policymakers have been thinking about this issue and countries like Malaysia, Vietnam, and other nations have officially objected to economic coercion, the issue has received less attention in Southeast Asia.

Southeast Asian nations have been less frequently the goals of coercive actions than nations like Australia and South Korea, which can be explained by their hedging tactics and dislike of political increase. However, this does not imply that they need to lower their troops.

Chinese borders officials immediately decided to&nbsp in September 2023, halt imports and n&bp, and turn up six tonnes of Taiwanese lobsters, forcing vendors to market their produce for a fourth of the going rate. China is the largest destination andnbsp for crab exports in Vietnam. &nbsp,

Profits have resumed, but this incident might get a reaction to Vietnam’s mid-September upgrade andnbsp of its Comprehensive Strategic Partnership with the United States. Similar politically motivated restrictions have been imposed in the past on Philippine&nbsp, bananas&inbph, and Vietnamese&ndbhpH, lychees & bbch.

At the ASEAN-China Ministerial Meeting, which was held online as a result of the Covid- 19 pandemic, in Hanoi on September 9, 2020, China’s Foreign Minister Wang Yi ( C on screen ) speaks to the other countries in the region. Asia Times Files, AFP, and Nhac Nguyen

Given their susceptibility to economic pressure, especially from Beijing, complacency from South Asian states may be inappropriate. China is the largest trading partner of all Association of South East Asian Nations ( ASEAN ) members, with the exception of Laos and Brunei. It is also the biggest investment partner and nbsp of Indonesia, Malaysia, Brunéi, Cambodia, and the Philippines. &nbsp,

Additionally, research has discovered a negative correlation between the per capita success of the target state and the effectiveness of Taiwanese coercion, supporting the idea that poorer nations are more susceptible to economic pressure.

Some Southeast Asian nations are also likely to experience stronger political ramifications from Chinese financial strain. China frequently focuses on districts that are crucial to the local politics of the intended states in order to impose social costs on their leaders. &nbsp,

Due to Chinese sanctions and company leaders ‘ outcry against their president’s sea activity in the South China Sea, this strategy was only partially successful there.

Southeast Asian nations ought to take proactive measures to safeguard their markets. ASEAN nations should n’t rely on the G7’s goodwill, despite the fact that its CPEC is intended to safeguard both its members and smaller economies. &nbsp,

When China outlawed the trade of American goods like coal, barley, and wine, Washington’s support was merely rhetorical. The sanctions truly had an impact on the United States because it increased its own exports of those commodities by$ 4.6 billion.

By adopting a “defensive” monetary policy, relatively weaker states can also defend themselves against financial force. For instance, steps like building up foreign exchange reserves and expanding local capital markets may stop capital flight. It is also best practice for institutions to recognize monetary coercion, support, and affected industries when they are badly targeted.

The most effective measures to prevent economic coercion will remain international because South Asian states may compete with China’s economic weight. ASEAN is unlikely to be able to replicate an organization like the ACI or an nbsp. &nbsp,

Its prescriptive nature runs counter to ASEAN’s standard style, which places a strong emphasis on consensus, non-interference, and state sovereignty. Additionally, there is still disagreement among Southeast Asian nations regarding China, and they have found it difficult to come to an understanding on policies that could hurt Beijing.

Just when parties are willing to collectively phone out and listen to financial force and discuss the costs of retribution that result from a combined response is an arrangement like the ACI effective. However, it is doubtful that ASEAN nations will jeopardize their ties with China and endanger their own markets.

In the absence of a particular anti-coercion measure, ASEAN would gain from advancing programs that guarantee the economies of its members remain empty. Says can divert their trade and investment relationships to reduce costs if they are the targets of economic force when free business operates as intended.

After China imposed supplies bans as part of the trade dispute between the two sides, Australia was able to reroute its petroleum exports. Asia Times Files / ImagineChina via AFP and LiXiaolong

This occurred when Australia found new areas for its exports, selling sanctioned&nbsp fuel to Taiwan, South Korea, and India in order to protect itself from Chinese trade restrictions.

ASEAN can assist in mobilizing support for initiatives that strengthen the resilience and interconnectedness of their markets. Policy formulation in this context may aid in fostering consensus because Asian states have historically found it simpler to agree on financial issues than strategic ones.

The long-term growth of ASEAN may be aided by advocating for a free and fair dealing program, which will also improve says ‘ financial and national security.

Max Broad is a New Colombo Plan Scholar and Research Intern at the International Institute for Strategic Studies-Asia.

This andnbsp, article, and was initially published by East Asia Forum and are being reprinted with a Creative Commons license.

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To challenge Russia, Turkey courts its Turkic brethren

Turkey’s focus is shifting more and more to establishing a footing in former Soviet republics of the South Caucasus and Central Asia, while the world continues to concentrate on de-escalating the Israel-Has conflict and the ongoing fight in Ukraine.

Shared society serves as the justification for closer relationships. The Organization of Turkic States ( OTS) has negotiated trade and security agreements, which serve as the impetus.

Turkish President Recep Tayyip Erdogan stated at the OTS conference last week that Turkey is connected to Azerbaijan, Kazakhstan, Kyrgyzstan, Turkmenistan, and Uzbekistan by the Turkish language home. Astana is the capital of Kazakhstan. The Greek leader claimed that echoing calls for a typical Turkish alphabet helped the nations’ unification.

The appeal, though mainly symbolic, was a call for Turkey to abandon Cyrillic, the foundation of the Soviet script, and replace it with the Latin alphabet, which was adopted by Turkey in 1928.

Azerbaijan, an alliance of Ankara, made the transition in 2001, which was seen as a clear rejection of previous Russian law. In the 1990s, Turkmenistan, an OTS spectator, switched to Latin and handwriting yet earlier.

Of course, the business serves as more than just a repository for popular scripts for Turkey. Instead, it’s an emerging andnbsp, tool that could aid Turkey and the NBP in driving Russia out of the South Caucasus and into Central Asia, two strategically significant areas where Turkic-speaking people make up the majority of society. & nbsp,

Whether another members share Turkey’s motivation is the key problem. According to current information, they might not.

For instance, one of Turkey’s objectives is to convince OTS countries to support the Turkish Republic of Northern Cyprus( TRNC ) and nbsp. TRNC is regarded by the global community as a component of the Republic of Cyprus and is only recognized by Turkey. TRNC is an observer status to OTS, similar to Turkmenistan.

Members of the Organization of Turkic States, however, seem to have different opinions about TRNC. There was no official TRNC presence in Astana last week, in contrast to the previous OTS summit & nbsp, which took place in Ankara in March and treated Turkish-Cypriot leader Ersin Tatar like a head of state.

Another political issues are even more contentious. & nbsp,

Despite being allies, Turkey and Azerbaijan have completely different perspectives on the Israel-Gaza fight. While the citizens of Azerbaijan openly support Israel, and Baku provides Israel with 60 % of its oil requirements, Erdogan spews anti-Israel language.

Another area of contention is business passageways. The Middle Corridor & nbsp project, a transportation route beginning in Southeast Asia and China that travels through Kazakhstan, the Caspian Sea, Azerbaijan, Georgia, Turkey, and on to Europe, is quickly coming to fruition with the cooperation of Azebran, Kazakhstan and Turkey. & nbsp,

Meanwhile, Kyrgyzstan and Uzbekistan have backed Russia’s plans to construct the & nbsp, Southern Transport Corridor, which would effectively bypass Kazakhstan.

The desire to abandon Russia’s sphere of influence is what most, if not all, former Russian Turkic-speaking nations have in common.

In order to provide Turkey with a chance to engage, Kazakhstan wants to strengthen relationships with its neighboring Turkish says and the West. Kyrgyzstan is a factor as well. Despite being a member of the Collective Security Treaty Organization( CSTO ), Russia recently bought Turkish-made & nbsp, Akinci, and Aksungur drones, which are used for border security. & nbsp,

In a 2022 border conflict, Kyrgyzstan already has Turkish-made Bayraktar unmanned aerial vehicles( UAVs ), which it reportedly andnbsp used against Tajikistan. & nbsp,

Turkey is using financial participation in addition to military equipment to encourage engagement with the former Soviet Central Asian nations. For instance, Turkish companies’ investments in Uzbekistan have already reached a & nbsp of$ 1.5 billion, while Ankara’s goal is to reach the US$ 10 billion and its bilateral trade target with Kazakhstan.

However, the issue for Ankara is that OTS people are landlocked nations that are heavily reliant on Russian landscape. For instance, oil and gas pipelines that cross Belarusian territory are used by Turkmenistan and Kazakhstan, two major energy exporters, to reach their clients in Europe.

Turkey’s attempt to overtake Russia in the region may be difficult as long as Russia continues to be a significant transit nation for the energy resources of the Turkish world.

The truth is that OTS people from post-Soviet area need Russia just as much as they want to strengthen their relationships to Turkey. Each continues to be a part of the Russian-dominated & nbsp, Commonwealth of Independent States, Kazakhstan, and Kyrgyzstan, as well as the CSTO, which is still led by Moscow. & nbsp,

These alignments imply that Turkey’s vision of an Ankara-led Turkish world order is exceedingly myopic for the majority of Turkish states. For Turkey’s comrades in former Soviet republics, the last chapter with Moscow has not yet been written, even though Erdogan may understand it simply as characters on a piece of paper.

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EMPACT making impact on intellectual property crime

The European Multidisciplinary Platform Against Criminal Threats, or EMPACT, is a comprehensive strategy for the European Union’s struggle against prepared and serious international violence.

From information exchange to training and shared administrative actions aimed at dismantling criminal networks, member states and several EU institutions, bodies, and agencies collaborate on a variety of fronts to maintain internal security. & nbsp,

Organized and major international crime harms both people and society at large, causing significant economic harm. & nbsp, Criminal networks are frequently very complex, so any strategy with the goal of reducing violence must be both multidisciplinary and multi-agency in order to make the struggle effective and efficient.

While the average consumer’s perception of intellectual property ( IP ) crime is typically not one of grave wrongdoings, it is actually connected to other serious crimes like online and offline fraud, online identity theft, forced labor, tax evasion, and, in some cases, even the financing of terrorism.

This” soft” form of crime, as it is frequently believed, depends on numerous actors to create, put together, repackage, relabel, and distribute goods. The scammers operate on and across continents without giving any consideration to health, human rights, or environmental issues. & nbsp,

The volume of international trade in counterfeit and pirated goods was estimated to be as much as US$ 464 billion, or 2.5 % of global trade, in 2019, according to a joint report from the Organization for Economic Cooperation and Development( OECD ) and the European Union Intellectual Property Office( EUIPO ).

Meanwhile, up to 5.8 % of EU imports — up to€ 119 billion($ 134 billion ), or counterfeit and pirated goods— were imported into the country.

These numbers are important, resulting in annual losses of billions of dollars in taxes and reasonable product sales, as well as hundreds of thousands of lost jobs, not to mention things that are more difficult to quantify, like harm to a company’s status or competitiveness.

A rough estimate of the amount of fake goods entering or leaving Southeast Asia in 2017 was$ 36.4 billion. To create calculations more accurate, more unified concepts and data collection techniques used among Southeast Asian nations are still lacking.

More than ten years ago, the EU introduced EMPACT as a member-state-driven initiative to combat coordinated and severe international crime, including IP offense. Since then, it has grown to be an ongoing tool with an annual policy cycle of four years.

Threats and danger objectives are identified in each period, and strategies for addressing them are developed. Actions are then taken and successes are evaluated.

The document includes EU organizations like Europol and the EUIPO, as well as rules police and customs officers from member states. Since the EU lacks a common criminal code, EMPACT has made it possible for cross-border law enforcement to collaborate in order to address the increasingly transnational and yet transcontinental nature of IP violence.

115 fraudulent cosmetics and fragrance, 1.2 million fake car parts, 100 kilograms of illegal drugs and 2 million medical products, and 320, 000 fake clothes and accessories were arrested and taken as a result of EMPACT operations in 2022, among other things. The counterfeit goods that were seized were valued at€ 42 million.

There is room for improvement even though the value of the international trade in fake and pirated products has remained large and stable over the past ten years, at an average of about 2.5 % of all industry.

Through a variety of government-to-government assistance programs, the EU has been assisting non-EU nations in advancing IP rights security and police. For instance, the IP Key South-East Asia job focuses its enforcement efforts on capacity-building, sharing the most recent enforcement best practices, and establishing networks of cooperation with regional federal law enforcement authorities.

In the meantime, non-EU nations from all over the world are welcome to participate in EMPACT businesses if they want to stop the creation and distribution of fake and illegal items.

The names and objectives of these activities vary. Operation Elektron, for instance, deals with bogus electronic devices, while Operations Aphrodite engages in illegal physical and online trade in phony cosmetics, and Operations Fake Star involves fake goods that violate well-known brands.

The fight against IP offense and all other arranged and major international crime is a never-ending effort that requires the full support of all important authorities and the general public.

Less Internet violence improves safety, business profitability, economic wealth, and security while also improving environmental protection. It also makes people safer.

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Commentary: Russia’s memory diplomacy is paying dividends in Southeast Asia

MANUFACTURED REMEMORIES

Even if World War II thoughts are created, it is difficult but not impossible. When their defense ministers unveiled an Allies Of Myanmar Warriors monument in Moscow’s Patriot Park in August to commemorate the Battle of Mandalay in early 1945, Myanmar and Russia did exactly that.

Sergei Shoigu, the Russian Defense Minister, stated at the opening ceremony that it was crucial to” preserve and protect the reality of true history” and that Burma and the Soviet Union had worked together to put an end to fascism( a term that is already popular in the Kremlin because it has accused the Russian leadership of being Nazis ). One of the men in the statue is shown holding a rifle from the Soviet Union.

In actuality, Moscow did not offer Burma any defense support during the conflict.

The Cold War is a more fertile ground for Moscow’s memory delicacy in Southeast Asia because it was during the time of superpower conflict that the Soviet Union supported republican movements in the area.

The Kremlin’s enormous military and financial contributions to Vietnam and Laos during the Cold War continue to be the cornerstone of both nations’ relations with Russia.

Senior Asian leaders always mention Moscow’s” heartfelt help” for Vietnam in its” fight for national independence and reconciliation ,” as Prime Minister Pham Minh Chinh just did.

A statue honoring Russian aircraft who killed Burmese pilot training in the 1970s was unveiled in Vientiane in 2022. The storage of the heroic deed performed by the Russian pilots will be in the minds of both peoples, according to the Russian ambassador to Laos.

Earlier in the 1960s, weapons payments from the Soviet Union to Indonesia helped the Sukarno government defeat the Dutch and annex Papua.

The construction of the Khmer-Soviet Friendship Hospital in Phnom Penh is one example of how Russia frequently uses the meager support it currently provides to Southeast Asia to preserve the memory of Communist support.

Moscow’s remembrance of politics in the case of Thailand, which sided with America during the Cold War, dates back to the late 19th centuries, when the royal households of Imperial Russia and the Kingdom of Siam developed near personal relationships. Tsar Nicholas II is credited with preventing Siam from being colonized by Britain and France in both Russian and Vietnamese tales. The Russians are often eager to embellish this historical fact.

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Malaysia’s net zero transition: expediting ESG | FinanceAsia

The Joint Committee on Climate Change ( JC3 ) of Malaysia met last month to discuss working together to improve the financial sector’s ability to develop climate resilience. & nbsp,

According to a spokesperson for Bank Negara Malaysia( BNM ),” sustainable assets are gaining momentum in Malaysia with key investment styles built around the need for accelerating sectoral transition and climate resilience, such as energy transition, circular economy, food security, and freedom change.”

The JC3 board was established in September 2019 to ensure a cogent approach to ESG initiatives, with its founding serving as” great testimony” to how proponents of Malaysia’s capital markets intend to work closely to improve sustainability practices in Malaysia, according to Angelia Chin – Sharpe, CEO of BNP Paribas Asset Management, which operates in Southeast Asia.

Its members include representatives of the market’s central bank, BNM, capital markets regulator, Securities Commission Malaysia ( SC ), stock exchange, Bursa Malaysia, and 21 other financial industry players, including Chin-Shawni at BNP AM, insurance companies Allianz, Swiss Re and Zurich, as well as banks like RHB Islamic and CIMB.

The committee outlined five initiatives at the meeting that” emphasise the crucial part of the banking sector in enabling a lasting plan” with the goal of expediting the economy’s low-carbon practices. A pilot project to switch industrial parks and their operational infrastructure to low-carbon practices was one of these, along with three data-related initiatives and a RM1 billion($ 0.210 million ) guarantee to provide funding to smaller market players to support their ESG agendas. & nbsp,

The BNM spokesperson stated to FA that one of the goals of” Ekonomi Madani” is to encourage Malaysia’s green growth in the direction of climate resilience. This goal aims to put Malaysia on a strong development path by realizing and addressing key national issues.

There are numerous opportunities for industry players, including international investors, to achieve the National Energy Transition Roadmap ( NETR ) targets set for 2050, she said.

Energy efficiency( EE ), renewable energy( RE ), hydrogen, bioenergy, and green mobility and carbon capture, utilisation and storage( CCUS ) are the six energy transition levers that Malaysia’s NETR identifies as its ten flagship projects. These are anticipated to catalyze and quicken the market’s energy transition, reduce greenhouse gas ( GHG ) emissions by at least 10 metric tons of carbon dioxide equivalent ( MtCO2eq ) annually, create 23, 000 high-impact job opportunities, and improve corporate ecosystem growth opportunities with benefits to society.

According to the BNM touch, their powerful supply necessitates investments in infrastructure, engineering, and human capital totaling between RM1.2 trillion and Rs1.3 trillion up to 2050. In addition to & nbsp,

While Malaysia’s administrative society is capable of reviewing such an option and is aware of the significance of incorporating ESG into purchase technique,” there is still a need to teach” smaller scale investors on the opportunities and risks associated with sustainability strategies, according to Chin-Sharpe, BNP Paribas AM.

Having said that, she added,” Most banks in Malaysia are committed to playing a more active role to align and help their clients understand the[ relevant ] Malaysian taxonomies.”

Purchase and regulation

The five new initiatives have been included in the government’s budget for 2024 and” complement other policies such as the NETR, the New Industrial Master Plan ( NIMP ) 2030 and the Mid-Term Review of the 12th Malaysia Plan ( MTR – 12MP ,” according to YB Nik Nazmi Nk Ahmad, minister of Natural Resources, Environment, and Climate Change.

All governing events, including JC3 users, Malaysia’s Corporate Guarantee Corporation, and pertinent ministries, are committed to putting the tasks into action, the BNM representative confirmed with FA.

The regulatory environment in Malaysia keeps up with the country’s continued energy transition and the funding needed to make it happen. To obtain conservation and environment goals, the money market should be prepared to help finance raising and investments. Since 2011, when Sustainable and Responsible Investment ( SRI ) has been included as a crucial growth strategy in the Capital Market Masterplan CMP2, the SC has paved the way for sustainability, according to Dato ‘ Seri Dr. Awang Adek Hussin, its chairman.

A Climate Chance and Principle-based Taxonomy was published by BNM in 2021. In December 2022, SC unveiled a Principles-Based SRI Taxony for the Malaysian Capital Market. This year, in June of this year. SC also established the International Sustainability Standards Board’s ( ISSB ). & nbsp,

Meanwhile, the BNM spokesperson emphasized last month’s Energy Efficiency and Conservation legislation as having the potential to significantly lower energy use by 2050 — by 2, 017 million gigajoules, or RM97 billion in savings— and to” create new jobs in energy management and auditing ,” she said.

According to Adrian Wong, mind of jobs and director at the Singapore-based law firm Prolegis, which has a formal legal ally with Herbert Smith Freehills( HSF ),” investment has increased in Malaysia in part because the regulatory environment has done more to promote appetite in renewables.”

Large-scale solar auctions in Malaysia’s peninsular and projects along the Sarawak Corridor of Renewable Energy ( Score) are two of the renewable infrastructure projects his team is helping clients with.

The transport industry is anticipated to play a significant role in the demand for renewable energy, with electric vehicle ( EV ) usage expected to reach 80 % of the car market in 2050.

However, he informed FA that the greatest possibility is present in projects involving solar, water, and biofuel. In 2040, it is anticipated that all three sources will increase and account for roughly 17 % of Malaysia’s total energy mix.

a files travel

Data and the potential of emerging technologies to support Malaysia’s conservation plan are the three activities that were announced at the event.

The first builds on the accomplishments of JC3’s Greening Value Chain ( GVC ) pilot program, which began in 2022 and has so far assisted 80 small and medium enterprises( SMEs ) in tracking and reporting greenhouse gas ( GHG ) emissions across the length of their supply chains. In order to provide public listed companies( PLCs ) capacity-building support, reporting tools, and additional financing facilities, which the BNM spokesperson said could be accessed” at competitive rates via the Low Carbon Transition Facility( LCTF ), the updated plan connects Bursa Malaysia’s sustainability data platform with the GVC program.

Access to an” ESG jump-start portal,” through which Malay businesses can obtain useful information on ESG-related capacity-building programs, certification, as well as financial and opportunity methods, and the introduction of a Green AgriTech program to promote the adoption of green technology and sustainable agriculture techniques among local producers, are additional data related initiatives.

According to the BNM director,” Green AgriTech offers substantial potential for Malaysia’s agricultural field by opening up new possibilities and addressing vital difficulties.”

Wong concurred that emerging technology has the potential to modernize and alter Malaysia’s ESG strategy, particularly in the agricultural industry. From ensuring a sustainable supply of food sources to raising general health and environmental criteria, he mentioned the potential for positive effects.

To ensure that farmers may conduct their financial transactions online, he suggested the Malaysia Digital Economy Corporation’s project, which linked small farmers to online marketplaces offering bright warehouse facilities, supply, and farming solutions.

Through a thorough approach to alternative solutions, this catalytic pilot program encourages farmers to use technologies and follow greener and ecological practices. Participating farmers can obtain grants and LCTF to purchase natural systems, the BNM spokesperson added.

” Technology use may improve produce stability and quality while also assisting in the resolution of food safety issues.”

maintaining speed

The efforts to enlist input from all parts of Malaysia’s market, both the public sector and the private sector, is at the core of the country as it transitions. The BNM spokesperson informed FA that” efforts to level public-private partnerships are even continuing, with fresh initiatives.”

She stated that the GVC program is an excellent illustration of a cutting-edge blended financing initiative in Malaysia that supports the country’s move toward enlightenment.

BNM continues to support private institutions’ participation in the government’s loan offerings, the call emphasized,” BNM also supports such attempts by facilitating the release of Government of Malaysia Sustainable Sukuk for registration by both domestic and foreign investors.”

According to SC chairman Hussin at the conference, the SRI-linked Sukuk Framework was introduced last year, giving the Indonesian capital market access to a full range of frameworks to assist businesses in financing transitional projects as well as alternative, social, and sustainability initiatives.

Fitch recently released an ESG document that showed a steadfast global appetite for the sukuk. The data shows that by the end of 3Q23, ESG sukuk issuance had increased by 66 % year over year( YoY ) to reach$ 33.3 billion worldwide.

Due to built-in sharia filters, there is a cross between Islamic funding and ESG principles, according to the ratings agent’s research. & nbsp,

Over the moderate name,” Fitch Ratings anticipates more rise.” According to the review, the company’s growth is largely driven by governments’ sustainability initiatives and issuers’ funding diversification goals toward both sharia and ESG-sensitive investors.

” ESG sukuk could receive an awareness and issuance boost ,” said Bashar Al-Natoor, Fitch’s global head of Islamic Finance, with the United Arab Emirates( UAE) hosting the Conference of Parties( COP ) 28 this year.

It is motivating to see the Indonesian government adopting a” full of state” approach to addressing the impact of climate change on economic conservation, Hussin said at the conference’s conclusion. The nation’s interests and sustainable development methods are outlined in roadmaps and masterplans that have been made available by the relevant ministries.

I want to say it again:” Our planet is facing an unprecedented problem, one that necessitates immediate and coordinated effort from all countries, sectors, and individuals.”

 

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