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The latest in ASEAN

News from around Southeast Asia

  • Reuters

    Soccer-ASEAN club competition launch pushed back to 2022

    South East Asian football officials have delayed the launch of a new flagship regional club competition until 2022, the ASEAN Football Federation (AFF) said on Thursday, with the prospect of a congested calendar next year prompting the decision. The ASEAN Club Championship (ACC), which was due to feature 12 teams from around the region and promises a first prize of $500,000, was slated to kick off earlier this year but plans were put on hold as a result of the COVID-19 pandemic. After initially shifting the event to 2021, the AFF has now decided to delay the competition further as a result of the postponement of other events, including Asia’s World Cup qualifying campaign for Qatar 2022 and the AFF Suzuki Cup.

  • Reuters

    ASEAN club competition launch pushed back to 2022

    South East Asian football officials have delayed the launch of a new flagship regional club competition until 2022, the ASEAN Football Federation (AFF) said on Thursday, with the prospect of a congested calendar next year prompting the decision. The ASEAN Club Championship (ACC), which was due to feature 12 teams from around the region and promises a first prize of $500,000, was slated to kick off earlier this year but plans were put on hold as a result of the COVID-19 pandemic. After initially shifting the event to 2021, the AFF has now decided to delay the competition further as a result of the postponement of other events, including Asia’s World Cup qualifying campaign for Qatar 2022 and the AFF Suzuki Cup.

  • Reuters

    Asia Pacific leaders make joint appeal for free and fair trade

    Asia Pacific leaders set aside differences on Friday with their first joint communique in three years, calling for free and predictable trade to help a global economy laid low by the coronavirus pandemic. Leaders of the 21-nation Asia-Pacific Economic Cooperation (APEC), who included U.S. President Donald Trump and China's President Xi Jinping, also said they would not resort to protectionist policies. "The impact of (the U.S.-China) trade war has been eclipsed by the COVID-19 pandemic," Malaysian Prime Minister Muhyiddin Yassin told reporters after the meeting.

  • Reuters

    Malaysia's AirAsia Group reviewing India investment, hints at possible exit

    Malaysia's flagship budget carrier AirAsia Group Bhd has given its strongest indication to date that it could exit India, saying on Tuesday it was reviewing its investment in a joint venture airline there. The group said in a statement that its operations in India, like those of its now-shuttered Japan business, have been draining cash and adding to the group's financial stress. "Cost containment and reducing cash burn remain key priorities evident by the recent closure of AirAsia Japan and an ongoing review of our investment in AirAsia India," it said.

  • Reuters

    What happens now the RCEP trade deal has been signed?

    Fifteen Asia-Pacific economies signed what could become the world's largest free trade agreement on Sunday, covering nearly a third of the global population and about 30% of its global gross domestic product. The Regional Comprehensive Economic Partnership (RCEP) will progressively lower tariffs and aims to counter protectionism, boost investment and allow freer movement of goods within the region. RCEP includes China, Japan, South Korea, Australia, New Zealand and the 10 members of the Association of South East Asian Nations (ASEAN): Brunei, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Indonesia and the Philippines.

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