Latest news with #ASEANExpress
The Star
13 hours ago
- Business
- The Star
Duisburg launches return leg of ASEAN Express to boost Europe-Asia trade
DUISBURG, Germany, June 21 (Xinhua) -- A freight train loaded with maternal and infant products, cosmetics, and medical supplies departed Duisburg, Germany on Saturday, marking the launch of the return leg of the ASEAN (Association of Southeast Asian Nations) Express service. The departure marks the start of bidirectional operations for a new trade corridor linking Europe and Asia. The train is expected to arrive in ASEAN countries in 19 days, traveling via Chongqing, an inland municipality in southwest China. The ASEAN Express has achieved "seamless connection" between two vital international trade routes of the New International Land-Sea Trade Corridor and the China-Europe freight train service. Its transportation efficiency has significantly improved compared with traditional sea routes. "As the service continues to be optimized and expanded, more enterprises are expected to benefit from this efficient and reliable logistics solution, ushering in a new era of trade," said Liu Taiping, chairman of New Land-Sea Corridor Operation Co., Ltd. Li Yan, deputy director of Chongqing port and logistics office, said the ASEAN Express, as an extension of the China-Europe freight train service, is poised to become an efficient, green, and stable economic and trade corridor connecting the two continents. Following the departure ceremony, a promotional event for the ASEAN Express was held, during which representatives from Chinese and German enterprises exchanged views on corridor cooperation and supporting services. Several cooperation agreements were signed.
The Sun
25-05-2025
- Business
- The Sun
PM Anwar: Malaysian banks' presence in Laos reflects strong investor confidence
KUALA LUMPUR: The presence of four major Malaysian banks in the Lao People's Democratic Republic (Lao PDR) reflects strong investor confidence in the country's political stability and attractive policies, particularly the way the central bank manages its financial institutions, said Prime Minister Datuk Seri Anwar Ibrahim. Speaking at a joint press conference following a meeting with Lao Prime Minister, Sonexay Siphandone, who is on an official working visit to Malaysia, Anwar said the four banks are Malayan Banking Bhd, RHB Bank Bhd, CIMB Group and Public Bank Bhd. He said the banks' presence would certainly attract Malaysian companies' interest in investing in Laos, Cambodia and Thailand. Meanwhile, Anwar said Malaysia and Laos also discussed cooperation in training across various sectors, including port management. He said that Penang Port, along with Port Klang and the Port of Tanjung Pelepas (PTP), would be ready to support more effective collaboration in training and the sharing of expertise. Both leaders also discussed issues such as labour, digital, artificial intelligence, semiconductors, and alternative energy, including rare earths. Additionally, both governments welcomed progress on the Memorandum of Collaboration between Keretapi Tanah Melayu Bhd, Lao National Railway State Enterprise, and State Railway of Thailand on the ASEAN Express train, which is expected to significantly reduce travel time across ASEAN countries and into China, he said. Anwar said both he and Sonexay will attend the upcoming ASEAN meetings, followed by engagements with Gulf Cooperation Council (GCC) representatives and a bilateral session with Chinese Premier Li Qiang.
The Sun
25-05-2025
- Business
- The Sun
Malaysian banks' presence in Laos reflects strong confidence
KUALA LUMPUR: The presence of four major Malaysian banks in the Lao People's Democratic Republic (Lao PDR) reflects strong investor confidence in the country's political stability and attractive policies, particularly the way the central bank manages its financial institutions, said Prime Minister Datuk Seri Anwar Ibrahim. Speaking at a joint press conference following a meeting with Lao Prime Minister, Sonexay Siphandone, who is on an official working visit to Malaysia, Anwar said the four banks are Malayan Banking Bhd, RHB Bank Bhd, CIMB Group and Public Bank Bhd. He said the banks' presence would certainly attract Malaysian companies' interest in investing in Laos, Cambodia and Thailand. Meanwhile, Anwar said Malaysia and Laos also discussed cooperation in training across various sectors, including port management. He said that Penang Port, along with Port Klang and the Port of Tanjung Pelepas (PTP), would be ready to support more effective collaboration in training and the sharing of expertise. Both leaders also discussed issues such as labour, digital, artificial intelligence, semiconductors, and alternative energy, including rare earths. Additionally, both governments welcomed progress on the Memorandum of Collaboration between Keretapi Tanah Melayu Bhd, Lao National Railway State Enterprise, and State Railway of Thailand on the ASEAN Express train, which is expected to significantly reduce travel time across ASEAN countries and into China, he said. Anwar said both he and Sonexay will attend the upcoming ASEAN meetings, followed by engagements with Gulf Cooperation Council (GCC) representatives and a bilateral session with Chinese Premier Li Qiang.
CNA
01-05-2025
- Business
- CNA
Malaysia hopes to revive regional freight rail service
Malaysia is calling for a common protocol for the movement of goods in transit to speed up the ASEAN rail connectivity. That's after the ASEAN Express, a freight rail route linking Malaysia, Thailand, Laos and China, was temporarily halted after its launch last June. CNA's Melissa Goh caught up with Malaysia's transport minister, Anthony Loke recently, on Malaysia's action plan to revive the service.
