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ASEAN summit expected to highlight economic growth, ASEAN centrality, de-dollarization

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JAKARTA, May 6 (Xinhua) — Indonesian experts believe economic growth, ASEAN centrality and de-dollarization are among the topics to be highlighted at the upcoming 42nd ASEAN Summit.

The ASEAN (Association of Southeast Asian Nations) summit and related meetings this year are scheduled to be held from May 9 to 11 in Indonesia’s Labuan Bajo, a tourist town in East Nusa Tenggara province.

According to the Indonesian Foreign Ministry, eight meetings in plenary and retreat formats are scheduled to be held, seven of which will be chaired by Indonesian President Joko Widodo.

Anggito Abimanyu, an economic expert from Gadjah Mada University based in Yogyakarta, said the Summit theme “ASEAN Matters: Epicentrum of Growth” shows that the regional bloc has become more confident to be one of the world’s economic engine houses.

However, “ASEAN countries are still facing difficulties like high inflation in their own economic conditions, particularly in this post-pandemic era. Therefore, it’s crucial for delegates to seek efficient measures to create a stable and encouraging environment so as to ensure regional economic growth and independence,” said Abimanyu.

As Southeast Asia’s largest economy, Indonesia shoulders responsibility in leading the economic mission for ASEAN, said Adhitya Wardhono, a researcher at University of Jember in East Java province.

For Southeast Asian countries, many expect this Summit to strengthen regional economic capability and competitiveness in the global landscape, and push for a more inclusive digital transformation, said Wardhono.

ASEAN has made efforts to strengthen its central role in dealing with regional issues in recent years. Shofwan Al Banna Choiruzzad, executive secretary of the ASEAN Study Center of Social and Political Sciences Faculty at University of Indonesia, believes that the bloc should be able to translate the ASEAN Outlook on the Indo-Pacific (AOIP), “including concrete cooperation which has an impact on the centrality of ASEAN in the Indo-Pacific.”

He has highlighted post-pandemic recovery amid a global economic slowdown, geopolitical tension, and complex challenges from within the region as the major challenges facing ASEAN currently.

Humphrey Wangke, researcher from the political research center under the National Research and Innovation Agency (BRIN), said in a recent interview with Xinhua that ASEAN should optimize its centrality, which has met real challenges from the establishment of trilateral AUKUS comprising Australia, Britain and the United States, noting “This has a potential threat to peace and stability in Southeast Asia.”

From Wangke’s perspective, ASEAN centrality should be directed to be ASEAN-oriented. That’s why member countries at the Summit are expected to show stronger unity and uphold decision-making mechanism consistent with the ASEAN Charter, he said.

The Indonesian Employers Association (Apindo) sees that Indonesia could drive regional de-dollarization through its 2023 ASEAN chairmanship.

“Various strategic policies on de-dollarization must be discussed in a structured manner at the ASEAN Summit,” said Ajib Hamdani, head of Apindo’s Economic Policy Analyst Committee, in an official statement released recently.

In his opinion, de-dollarization becomes a global phenomenon and to some extent, an economic orientation.

At the end of March, ASEAN finance ministers and central bank governors meeting agreed to reinforce the use of local currencies in the region and reduce reliance on major international currencies for cross-border trade and investment in an effort to ensure financial stability and avoid spillovers such as high inflation from global crisis.

Improving the regional payment interconnectivity is very likely to be mentioned at the Summit, including the expansion of cross-border payment instruments, said Abimanyu, expert from Gadjah Mada University.

During Indonesia’s Group of 20 (G20) presidency last year, a memorandum of understanding (MoU) was inked by the central banks of Indonesia, Malaysia, the Philippines, Singapore and Thailand, on developing an interoperable QR code-based payment system based on local currency settlement (LCS).

ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

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Biden tells Zelenskyy new arms will be provided quickly to Ukraine

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U.S. President Joe Biden told Ukrainian President Volodymyr Zelenskyy over phone on Monday that his administration will soon quickly provide additional arms to Ukraine once a bill authorizing related funds clears Congress and becomes law.

“President Biden shared that his administration will quickly provide significant new security assistance packages to meet Ukraine’s urgent battlefield and air defense needs as soon as the Senate passes the national security supplemental and he signs it into law,” the White House said in a readout of the call.

Biden was referring to the $61 billion aid for Ukraine that the House passed Saturday. The measure, now bundled with other foreign aid funding, will be voted on as a comprehensive national security supplemental appropriations bill in the Senate this week, with passage all but certain and Biden pledging to sign it as soon as it reaches his desk.

“President Biden also underscored that the U.S. economic assistance will help maintain financial stability, build back critical infrastructure,” the readout said, adding that the economic assistance will also “support reform as Ukraine moves forward on the path of Euro-Atlantic integration.”

Zelenskyy said on Telegram that the new aid from Washington is expected to strengthen Ukraine’s air defense as well as its long-range and artillery capabilities.

The Ukrainian president also discussed with Biden the work on a bilateral security agreement and the preparations for the Global Peace Summit in Switzerland slated for mid-June, he said.

U.S. Senate Majority Leader Chuck Schumer said on X on Saturday that senators have reached an agreement to vote on the national security supplemental on Tuesday.

Source(s): CGTN

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Israel ups pressure on Hamas as UNICEF decries child deaths in Gaza

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Israeli Prime Minister Benjamin Netanyahu on Sunday vowed to ramp up military pressure on Hamas, despite the United Nations Children’s Fund (UNICEF) warning last week that one child was being killed or injured every 10 minutes in the Gaza Strip.

“With one child killed or injured every 10 minutes (in Gaza), above anything else, we need a ceasefire. It is the only way to stop the killing and maiming of children,” UNICEF Communication Specialist Tess Ingram said during a press briefing in Geneva on April 16.

With no breakthrough yet in truce talks between Israel and Hamas, Netanyahu pledged to intensify the military crackdown in Hamas in a video address. “We will strike it with additional painful blows – and this will happen soon,” he said without elaborating on the time and place.

“In the coming days we will increase the military and political pressure on Hamas because this is the only way to free our hostages and achieve our victory.”

The prime minister’s latest remarks came a day after U.S. lawmakers approved $13 billion in new military aid to Israel, even as global criticism mounts over the dire humanitarian crisis in the besieged Gaza Strip.

Netanyahu also condemned an anticipated U.S. sanction against a unit of its army forces. “If anyone thinks they can impose sanctions on a unit in the IDF (Israel Defense Forces), I will fight it with all my might.”

The Biden administration is slated to announce sanctions against the IDF’s Netzah Yehuda battalion for alleged human rights abuses against Palestinians in the West Bank, which would be the first time the U.S. has ever taken such a step.

Israeli war cabinet minister Benny Gantz also urged U.S. Secretary of State Antony Blinken in a phone call to reconsider potential sanctions against an Israeli military unit, his office said on Sunday.

Gantz told Blinken that the move would harm Israel’s legitimacy in time of the ongoing Gaza conflict, asserting that “it has no justification because Israel has a strong and independent judicial system.”

Two U.S. officials familiar with the situation said the U.S. announcement could come as soon as Monday, AP reported.

The officials told AP that about five Israeli units were investigated and all but one had been found to have taken action to remedy the violations. The Leahy Law, named for former Senator Patrick Leahy, bars U.S. aid from going to foreign military units that have committed human rights abuses.

The U.S. review was launched before the Israel-Hamas conflict and not connected to recent Israeli actions inside Gaza or the West Bank.

The incidents that were the subject of allegations took place in the West Bank and mostly occurred before the Israel-Hamas conflict, the outlet said.

Before the Gaza conflict, violence had already been on the rise in the West Bank and it has risen since with frequent Israeli raids, Palestinian street attacks and settler rampages in Palestinian villages.

Source(s): CGTN

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Middle East countries voice concern over military escalation after alleged Israeli attack on Iran

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Countries in the Middle East have voiced their concern over military escalation in the region after Israel on Friday allegedly struck sites near the city of Isfahan, central Iran, in what appeared to be its military response to Iran’s recent retaliatory attack.

In a statement, the Egyptian Foreign Ministry called on the two sides to exercise the utmost restraint and to fully comply with the rules of international law and the UN Charter, warning against widening the conflict and instability in the region.

Egypt stressed that it will continue to intensify communications with all concerned and influential parties to contain the ongoing escalation and tension.

In addition, the Iraqi Foreign Ministry said in a statement that the ministry “is constantly monitoring the tension in the region,” expressing its deep concern about the attack targeting Isfahan on Friday morning.

The ministry said that the escalation must not distract attention from the destruction and loss of innocent lives in the Gaza Strip, renewing its call on the international community to perform its duties and work to stop the suffering of the Palestinian people, according to the statement.

Jordanian Deputy Prime Minister Ayman Safadi on Friday stressed the need to reduce the dangerous escalation in the region and reiterated that “Jordan will not allow it to be turned into an arena of conflict between Iran and Israel and to endanger its security and the safety of its citizens.”

Safadi, who also serves as the Jordanian foreign minister, added on social media platform X that “the current escalation only serves to divert attention away from the Israeli aggression on Gaza, stopping which must be the priority.”

The Israeli attack came after Iran’s Islamic Revolutionary Guard Corps confirmed Saturday that it had launched missile and drone attacks on Israel in retaliation for earlier airstrikes by Israel on April 1 on the Iranian consulate building in the Syrian capital of Damascus, which killed seven Iranians.

So far, Israel has not officially acknowledged the strikes on Isfahan, while Iran has not publicly accused Israel of carrying them out.

Meanwhile, the Syrian Foreign Ministry on Friday condemned the Israeli strikes on Syrian military sites earlier in the day as a flagrant violation of Syrian sovereignty and a threat to regional stability.

In a statement, the ministry warned that such actions could escalate tensions in the region, potentially leading to a broader conflict, and urged the international community, including the UN Security Council, to condemn the attack and take decisive measures to halt the “crimes” committed by Israel.

In the early hours of Friday, the Israeli military launched a series of airstrikes targeting Syrian air defense sites in the southern region, according to the Syrian Defense Ministry. The strikes caused material losses, while no casualties were reported, it added.

The attack was also confirmed by the UK-based Syrian Observatory for Human Rights, which reported that more than six Israeli aircraft were observed flying intensively in southern Syria.

The radar battalion responsible for monitoring the airspace, located in the east of Syria’s Daraa province, was targeted, the war monitor added.

Source(s): CGTN

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