HomeLatestXinhua Asia-Pacific news abstract at 1600 GMT, Aug. 31

Xinhua Asia-Pacific news abstract at 1600 GMT, Aug. 31

BANGKOK — Senior officers from the Asia-Pacific Economic Cooperation (APEC) wrapped up a two-day assembly right here Wednesday during which they mentioned commerce promotion, regional reconnection and sustainable development.

During the third APEC Senior Officials’ Meeting Plenary, delegates from the member economies had refreshed conversations on APEC priorities this 12 months, such because the Free Trade Area of the Asia-Pacific within the post-pandemic context, secure and seamless cross-border journey and the bio-circular-green financial system mannequin, stated Thani Thongphakdi, everlasting secretary for international affairs of Thailand and APEC 2022 SOM chair. (APEC-Senior Officials-Meeting)

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ISLAMABAD — The handover ceremony of 300,000 U.S. {dollars} in emergency money help from the Red Cross Society of China (RCSC) to the Pakistan Red Crescent Society (PRCS) was held right here on Tuesday night time.

On behalf of the RCSC, the Chinese Ambassador to Pakistan Nong Rong handed over the donation to the PRCS for helping these affected by the current floods in Pakistan.

Addressing the ceremony, Nong stated the China-Pakistan ironclad brotherhood shares weal and woe, including the Chinese authorities has determined to offer Pakistan with a aid bundle price 100 million yuan (14.5 million U.S. {dollars}), together with 25,000 tents and different humanitarian provides. (China-Pakistan-Cash Assistance)

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TOKYO — Japan’s Defense Ministry requested on Wednesday a document 5.59 trillion yen (40.35 billion U.S. {dollars}) in spending for the subsequent fiscal 12 months, because the nation seems to be to bolster its so-called protection capabilities whereas going through political, financial and social headwinds.

The ministry’s newest request tops the earlier document of 5.4 trillion yen (about 38.92 billion {dollars}) in protection spending mapped out in fiscal 2022 and comes after Japanese Prime Minister Fumio Kishida stated the nation’s protection spending over the subsequent 5 years would “substantially increase.” (Japan-Military Spending-Next Fiscal Year)

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MACAO — The Chinese central authorities is scheduled to problem renminbi-denominated bonds with a face worth of three billion yuan (435 million U.S. {dollars}) within the Macao Special Administrative Region (SAR) on Sept. 7, the Macao SAR authorities stated on Wednesday.

The issuance is a vital initiative by the central authorities to constantly help Macao in growing trendy finance and to facilitate the SAR’s applicable financial diversification, in accordance with the notification issued by the Ministry of Finance and the Macao SAR authorities. (Central Government-Macao SAR-Bonds)

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COLOMBO — Sri Lanka has made good progress within the negotiations with the International Monetary Fund (IMF), Governor of the Central Bank of Sri Lanka Nandalal Weerasinghe stated right here on Tuesday night time.

“I can announce that we have made good progress in the negotiations with the IMF. Hopefully, we will be able to reach the first milestone, a staff-level agreement with the IMF soon. Once we reach that agreement with the IMF, it means that we have a credible program in our hands,” he stated. (Sri Lanka-IMF-Negotiations)